COVID-19 Impact & Recovery Analysis - X-Ray Detector Market (2020-2024) | Rising Demand for X-ray Systems to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global X-Ray Detector Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the x-ray detector market and it is poised to grow by USD 838.45 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • What was the value of the x-ray detector market in 2019?
    A. Technavio says that the value of market was at USD 2,739.62 million in 2019 and is projected to reach USD 3,578.07 million by 2024.
  • At what CAGR is the market projected to grow during the forecast period 2020-2024?
    A. Growing at a CAGR of almost 5%, the market growth will accelerate in the forecast period of 2020-2024.
  • What is the key factor driving the market?
    A. Rising demand for X-ray systems.
  • Who are the top players in the market?
    A. 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 the top players in the market.
  • Which region is expected to hold the highest market share in the market?
    A. North America
  • Which application segment is expected to witness the fastest growth in the global market?
    A. Medical.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rising demand for X-ray systems has been instrumental in driving the growth of the market. However, high costs associated with X-ray systems and imaging might hamper market growth.

X-Ray Detector Market 2020-2024: Segmentation

X-Ray Detector Market is segmented as below:

  • Application
    • Medical
    • Security
    • Others
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41604

X-Ray Detector Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our x-ray detector market report covers the following areas:

  • X-Ray Detector Market size
  • X-Ray Detector Market trends
  • X-Ray Detector Market industry analysis

This study identifies digitization and integration of AI in radiography as one of the prime reasons driving the X-ray detector market growth during the next few years.

X-Ray Detector Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the x-ray detector market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the X-Ray Detector Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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X-Ray Detector Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist x-ray detector market growth during the next five years
  • Estimation of the x-ray detector market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the x-ray detector market
  • 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

Table of Contents:

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global X-Ray Detector Market will grow by $ 838.45 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/