X-ray Detector Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41604
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The x-ray detector market size has the potential to grow by USD 838.45 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (medical, security, and others) and geographic landscape (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Agfa-Gevaert NV, Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Konica Minolta Inc., Koninklijke Philips NV, LG Electronics Inc., and Varex Imaging Corp.

Market Overview

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Market Competitive Analysis

The market is fragmented. Agfa-Gevaert NV, Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Konica Minolta Inc., Koninklijke Philips NV, LG Electronics Inc., and Varex Imaging Corp. are some of the major market participants. Factors such as rising demand for x-ray systems will offer immense growth opportunities. However, high costs associated with x-ray systems and imaging may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this x-ray detector market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this x-ray detector market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Agfa-Gevaert NV
  • Canon Inc.
  • Carestream Health Inc.
  • FUJIFILM Holdings Corp.
  • General Electric Co.
  • Hitachi Ltd.
  • Konica Minolta Inc.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Varex Imaging Corp.

 

X-Ray Detector Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The digitization and integration of AI in radiography will significantly influence x-ray detector market growth in this region.

33% of the market’s growth will originate from North America during the forecast period. The US is the key market for the x-ray detectors in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the x-ray detector market size.

X-Ray Detector Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive x-ray detector market growth during the next five years
  • Precise estimation of the x-ray detector market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the x-ray detector industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of x-ray detector market vendors

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X-Ray Detector Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

$ 838.45 million

Market structure

Fragmented

YoY growth (%)

6.05

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

North America at 33%

Key consumer countries

The US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agfa-Gevaert NV, Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Konica Minolta Inc., Koninklijke Philips NV, LG Electronics Inc., and Varex Imaging Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019

Market outlook: Forecast for 2019 - 2024

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • Medical - Market size and forecast 2019-2024
  • Security - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Agfa-Gevaert NV
  • Canon Inc.
  • Carestream Health Inc.
  • FUJIFILM Holdings Corp.
  • General Electric Co.
  • Hitachi Ltd.
  • Konica Minolta Inc.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Varex Imaging Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The x-ray detector market growth will increase by $838.45 million during 2019-2024.
The x-ray detector market is expected to grow at a CAGR of 5.49% during 2019-2024.
Technavio has segmented the x-ray detector market by application (Medical, Security, and Others) and geographic (North America, Europe, APAC, and South America).
Agfa-Gevaert NV, Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Konica Minolta Inc., Koninklijke Philips NV, LG Electronics Inc., Varex Imaging Corp. are a few of the key vendors in the x-ray detector market.
North America will register the highest growth rate of 36.74% among the other regions. Therefore, the x-ray detector market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the x-ray detector market growth are:
  • Increasing demand for X-ray system in different applications
  • Digitization and integration of AI in radiography
The x-ray detector market vendors should focus on grabbing business opportunities from the medical segment as it accounted for the largest market share in the base year.
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