Flat Panel Detector Market Overview
The global flat panel detector (FPD) market 2020 is poised to acquire more than its 2018-value of USD 3.06 billion and is projected to mature at a CAGR of 6.7% over the review period. Advances in solid-state X-ray digital radiography devices, such as; Flat panel detector (FPD), is gaining prominence as diagnostic aid, which is expected to earn high revenue for the FPD market in near future. The integration of modern image sensors in flat panel detectors helps in delivering accurate results that are likely to contribute to the expansion of the customer base, which, in turn, can earn profit for the FPD market in the near future. The expansion of private and public investments in digital imaging technologies, along with decline in prices and benefits that are provided by digital detectors are causes that are likely to positively impact the market in the near future. In addition, the rise of medical tourism in different developing countries is also anticipated to drive the market of FPD in the approaching years.
In addition, other factors that are affecting global demand growth include other factors such as the increased prevalence of orthopaedic disorders and cancer and scientific developments in flat panel x-ray detectors. One of the key factors poised to fuel growth in the Flat Panel Detector Market during the forecast period is the implementation of the Complementary Metal-Oxide - Semiconductor (CMOS) technology in the design of flat panel detectors.
Growth in the industry is positively impacted by increasing public and private investments in digital imaging technology and declining costs and benefits provided by digital detectors. Furthermore, increasing medical tourism is also projected to fuel growth in the industry in developed countries. Because of the above reasons, flat panel detectors are expected to generate higher consumer demand for flat panel X-ray detectors during the forecast period , resulting in market growth.
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Flat Panel Detector Market Segmentation
- The segment study of the global flat panel detector (FPD) market is based on end user, portability, and application.
- The portability-based segments of the flat panel detector market are portable and fixed.
- The application-based segments of the flat panel detector market are cardiac, medical, veterinary, orthopedic, dental, and mammogram among others.
- The end user-based segments of the flat panel detector market are diagnostic centers, and hospitals and clinics.
Flat Panel Detector Market Regional Analysis
In the Americas, the market of flat panel detector (FPD) market is expected to earn high revenue as the adoption of technological innovations that help in offering high quality result is observed. The gradual upsurge in healthcare spending and the easy availability of venture capital solutions, along with high government funding are expected to support the market expansion.
In Europe, the flat panel detector market is expected to hold the largest position in the worldwide flat panel detector (FPD) market, after North America. The existence of a robust well-developed healthcare sector, support from the government that are causes which are expected to promote the regional market. The gradual increase in the investment made in both research and development, along with high healthcare expenditure are some major forces that can support the rise of Europe FPD market.
In Asia Pacific, the growing demand for flat panel detectors (FPD) is a major cause that can prompt the market expansion in the near future. The rise in the adoption of numerous digital imaging systems, and rising disposable income, along with increase in the number of symposia and awareness programs, and rise in demand for venture capital investments are also likely to benefit the APAC market. In the Middle East and Africa, the flat panel detector (FPD) market can rise at a steady rate, states MRFR study.
Flat Panel Detector Market Players
- Trixell
- Imaging Dynamics Company Ltd
- Fujifilm Holdings America Corporation,
- Varex Imaging Corporation
- Varian Medical Systems, Inc.
- iRay Technology
- Agfa-Gevaert Group
- New Medical Imaging Co., Ltd,
- Carestream Health
- General Electric Company,
- Canon Medical Systems Corporation
- PerkinElmer
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