APAC X-Ray Detectors Market is poised to grow at 6.2% form 2017 to 2024
According to Data Bridge Market Research new Market report “APAC X-Ray Detectors Market, By Product Type (FPD, Computed Radiography Detectors, Line Scan Detectors, CCD), Portability (Fixed, Mobile), Application(Medical, Dental, Security, Veterinary, Industrial), End Users, Region (Japan, China, India and Rest of APAC) – Industry Trends and Forecast to 2024” projected to reach USD 1.52 billion by 2024 from USD 0.94 billion in 2016, at a CAGR of 6.2% in the forecast period 2017 to 2024.
The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Recent trends in the APAC X-ray detectors market such as price reduction of detectors, integration of detector platforms, increasing demand of flat panel detectors, affordability of portable X-ray detectors among others is expected to drive the market in the forecast period 2017 to 2024.
Currently, the X-ray detectors advancements are concentrated in the hospitals segment and the non-hospital segment still using computed radiography detectors. Soon the price reductions and the integration needs will lead the digitalization and shift from computed radiography detectors to flat panel detectors.
However, in recent year’s digitalization of X-ray detectors technology has increased, and is expected to increase significantly in the forecast period bringing advanced digital X-ray detectors to mobile locations, and shifting analog to digital real time imaging will boost the market potential in present times. also, increasing aging population, rising disposable income, improving healthcare infrastructure, increasing access to healthcare facilities, and rising healthcare spending are contributing to the growth of the APAC market. For instance, East Asia and Pacific population is aging faster as compare to any other region. according to world bank, in 2015, 211 million aged population lives in East Asia and this number is expected to increase in the future. Also, in Japan aging population is rising due to which spending by the Japanese government healthcare is increasing. According to United Nations Population Fund Asia & the Pacific (UNPFA), the number of older population in the Asia-Pacific is expected to triple and it will reach 1.3 billion by 2050.
On the other hand, tough policy decision such as pension system, lack of insurance, lack of awareness about the upcoming technologies in the middle-income countries may hamper the growth of the APAC market in the future. for instance, in developing middle-income countries like China, Thailand, and Vietnam managing the aging population is a big challenge as is requires tough policy decisions. Also, high initial cost of digital x-ray systems, lack of skilled professionals, acceptance of computed radiology detectors due to low price, slow acceptance of digital detectors, and stringent regulatory procedures for product approvals are some of the factors which may hinder the growth of x-ray detector market.
APAC X-ray detectors Market – Market Segmentation:
The APAC X-ray detectors market is segmented based on product type, portability, application end-user and region.
On the basis of product type, the APAC X-ray detectors market is segmented into flat panel detectors (FPD), computed radiography detectors (CRD), line scan detectors and, charged coupled devices detectors (CCD).
On the basis of technology the market is segmented into direct and indirect FPD. The indirect FPD is further segmented into cesium iodide (CSI) indirect FPD and gadolinium ox sulfide indirect FPD.
On the basis of portability into fixed detectors, tethered detectors and mobile detectors.
On the basis of application, the APAC X-ray detectors market is segmented into medical imaging, dental security, veterinary and, industrial. The medical imaging application is further sub segmented into static imaging (general radiography and mammography) and dynamic imaging (general fluoroscopy, surgical imaging, and cardiovascular imaging.
APAC X-ray detectors Market – Geographical Segmentation:
Based on region market is segmented into major countries such as Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of APAC. In 2016, Japan region dominate the market with ~20.0% market share in and is expected to grow at highest CAGR of 7.2%.
APAC X-ray detectors Market – Competitive Landscape:
Some of the major players operating in the APAC X-ray detectors market are Agfa Healthcare, Amptek, Inc., Analogic Corporation, Canon Inc., Detection Technology Oyj, Fujifilm Medical Systems, Hamamatsu Photonics K.K., Konica Minolta, Inc., Moxtek, Inc., Perkinelmer, Inc., Rigaku Corporation, Thales Group, Thermo Fisher Scientific Inc., Toshiba Corporation, Varian Medical Systems, YXLON International, Horiba Scientific, Hitachi, Philips Healthcare, XG Lab, Marel Poultry, Rayence, Showcor, Pony Industry Co. Ltd., Sydor Technologies, and XIA LLC many others.
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