Asia-Pacific X-ray Detectors Market to be Worth $1.27 Billion by 2030

Meticulous Research®—a leading market research company, published a research report titled, ‘Asia-Pacific X-ray Detectors Market by Product Type (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), and Application [Medical (Mammogram, Spine), Dental, Industrial, Veterinary] - Forecast to 2030’.

According to this latest publication from Meticulous Research®, the Asia-Pacific X-ray Detectors market is projected to reach $1.27 billion by 2030, at a CAGR of 7.4% from 2023 to 2030. The growth of this market is primarily driven by factors such as the increasing geriatric population, a rising incidence of chronic diseases and respiratory infections, the growing demand for X-ray imaging in industrial and security sectors, the rising adoption of digital X-ray detectors, and the increasing use of X-ray detectors for early diagnosis and clinical applications. However, the market’s growth is restrained by health hazards associated with radiation. Additionally, ongoing innovations in X-ray imaging systems, addressing unmet needs, present significant market growth opportunities.

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Key Players

The key players operating in the Asia-Pacific X-ray detectors market are Varex Imaging Corporation (U.S.), Canon Inc. (Japan), Agfa-Gevaert N.V. (Belgium), Teledyne Technologies Incorporated (U.S.), Carestream Health, Inc. (U.S.), Konica Minolta, Inc. (Japan), Vieworks Co., Ltd (Republic of Korea), Hamamatsu Photonics K.K. (Japan), Analogic Corporation (U.S.), iRay Technology (China), CareRay Medical Systems Co. (China), and FUJIFILM Holdings Corporation (Japan).

The Asia-Pacific X-ray Detectors market is segmented by Product Type [Flat Panel Detectors {Flat Panel Detectors (FPD), by Type (Indirect Flat Panel Detectors [Cesium Iodide Flat Panel Detectors, Gadolinium Oxysulfide Flat Panel Detectors), Direct Flat Panel Detectors)}, Flat Panel Detectors, by Field of View (Large-Area Flat Panel Detectors, Medium-Area Flat Panel Detectors, Small-Area Flat Panel Detectors), Flat Panel Detectors Market, by Portability (Portable Detectors, Fixed Detectors), Flat Panel Detectors Market, by System (New Digital X-ray Systems, Retrofit X-ray Systems), Computed Radiography Detectors, Charge-Coupled Device (CCD) Detectors, Line Scan Detectors], by Application [Medical Applications, Static Imaging {Radiography (Chest Radiography, Orthopedic Radiography, Other Radiography Applications), Mammography}, Dynamic Imaging {General Fluoroscopy, Cardiovascular Imaging, Surgical Imaging, Interventional Spine Procedures, Other Imaging Techniques}, Dental Applications, Security Applications, Industrial Applications, Veterinary Applications], and Geography. The study also evaluates industry competitors and analyzes the country-level markets.

Among the product types included in the report, in 2023, the flat panel detectors (FPD) segment is expected to account for the largest share of the Asia-Pacific X-ray Detectors market. Flat panel detectors (FPDs) are also known as solid-state detectors, which generate digital electronic signals. FPDs are employed in the field of digital radiography (DR) to transform X-rays into either light via an indirect conversion process or charge through direct conversion. These resulting signals are then interpreted by means of a thin film transistor (TFT) array. The increasing interest in retrofit FPDs, expansion of digital technology, and positive changes in regulatory policies regarding X-ray detectors are collectively propelling the demand for flat panel detectors.

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Among the applications included in the report, in 2023, the medical applications segment is expected to account for the largest share of the Asia-Pacific X-ray Detectors market. X-rays serve as a diagnostic tool to identify indications of conditions like lung pneumonia, bone fractures, injuries, and specific tumor types. Moreover, in dental care, X-rays play a crucial role in the detection of cavities and various dental concerns. Despite the presence of several advanced imaging techniques, such as MRI and ultrasound, X-ray imaging continues to be the primary choice for a majority of diagnostic scenarios, mainly due to its widespread accessibility, cost-effectiveness, and dependable performance. These factors contribute to the large market share of this segment.

Geographic Review

This research report analyzes major geographies in Asia-Pacific, namely Japan, China, India, South Korea, Australia, New Zealand, Singapore, Thailand, and the Rest of Asia-Pacific. In 2023, Japan is expected to account for the largest share of the Asia-Pacific X-ray Detectors market. Japan's substantial market share can be attributed to several factors, including a high number of hospitals, government initiatives aimed at advancing healthcare facilities, and a growing geriatric population. According to data from the United Nations and The World Bank, the population aged 65 and above is projected to increase from 29% in 2020 to 31% by 2030. This demographic shift is fuelling a rising demand for X-ray detectors due to the increased prevalence of age-related disorders.

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Key questions answered in the report-

Which are the high-growth market segments in terms of product type, application, and country?

What was the historical market for X-ray detectors across Asia-Pacific?

What are the market forecasts and estimates for the period 2023–2030?

What are the major drivers, restraints, and opportunities in the Asia-Pacific X-ray Detectors market?

Who are the major players in the Asia-Pacific X-ray Detectors market?

What is the competitive landscape, and who are the market leaders in the Asia-Pacific X-ray Detectors market?

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