The report is titled as ‘Digital Radiography Detectors Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the digital radiography detectors market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The digital radiography detectors market is expected to grow with a significant rate in the near future.
The global digital radiography detectors market in 2020 is estimated for more than US$ 5,410.2 Mn and expected to reach a value of US$ 7,606.5 Mn by 2028 with a significant CAGR of 4.4%.
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Digital Radiography Detectors Introduction
The digital radiography detectors market is recorded to have slow yet steady growth, owing to the on-going and upcoming medical researches provided by regional governments. Besides this, the benefits of digital radiography detectors also play an important role in increasing their demand in the global market, like it enables less exposure time to radiation, ensures shorter scanning time, readily available portable systems. It also offers real time results in emergency cases, user friendly nature, and low cost of tests.
Moreover, the launch of wireless x-ray detectors, emerging Markets and the upsurge in R&D activities for the manufacturing of a system that aims in reducing radiation exposure to digital radiography sensors by 20–80% minimizes the impact of the above restraint, results in creating growth opportunities for the global digital radiography detectors market during the forecast years.
Digital Radiography Detectors Market Dynamics
The digital radiography detectors market witness steady growth, accounting to the factors like growing cases of cancer and sports-related injuries, mounting count of the elderly population, which is prone to injuries, followed by the reducing cost of tests performed by digital radiography along with their benefits.
The market is also influenced by the rising focus on medical tourism to enhance healthcare infrastructure and to create awareness about deadly diseases. Besides, the growing investments by both the public and private sectors to maintain a quality standard of the test along with the implementation of the latest technology in this sector.
Reimbursement Cuts for Analog X-Rays, elevating the growth of healthcare expenditure, and the rising among healthcare professionals are some other factors boosting the demand for digital radiography across the globe.
In addition, the initiative and awareness taken by regional governments in the use of imaging systems with minimum exposure to harmful radiations is another major factor increasing the demand for such detectors, resulting in fuelling the market growth.
Furthermore, the growing count of hospitals, research institutes, and healthcare industries, improving healthcare facilities, and the real-time results (especially in case of emergencies) are other factors that are expected to boost the market growth.
However, the expensive nature of digital X-ray machines coupled with the side effects noticed in patients, as a result of prolonged exposure to radiations is likely to decrease the demand of these advanced systems over the presence if traditional x-ray machines, thereby, resulting in hampering the market growth during the upcoming years.
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Digital Radiography Detectors Market Segmentation
The digital radiography detectors market is segmented on the basis of product type, panel size, modality, module type, and by region.
By Product Type:
- Indirect Flat-Panel Detectors
- Direct Flat-Panel Detectors
- Computed Radiography (CR) Detectors
By Panel Size:
- Large Area Detectors
- Small Area Detectors
By Modality:
- Portable Detectors
- Fixed Detectors
By Module Type:
- Digital X-ray Systems
- Retrofit X-ray Systems
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Digital Radiography Detectors Market Key Players
Key players operating in the digital radiography detectors market include Agfa-Gevaert N.V., Analogic Corporation, Canon Inc., DRTECH Corporation, FUJIFILM Holdings Corporation, Hamamatsu Photonics k.k., Konica Minolta, Inc., Onex Corporation (Carestream Health), Rayence Co., Ltd., Teledyne Technologies Incorporated, Thales Group, and Varex Imaging Corporation
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