X-RAY DETECTOR MARKET - INDUSTRY ANALYSIS, SIZE, SHARE by 2024 X-RAY DETECTOR MARKET SIZE by 2024

X-Ray Detector Market size to grow at 5%
CAGR by 2024: Global Market Insights Inc.
X-Ray Detector Market size was over USD 2 billion in 2015, with growth
expectations of over 5% CAGR over the forecast timeframe. Rise in the
aging population base, technological advancement, growing government
investments, prevalence of chronic diseases and demand for
photographic films due to FPDs (flat panel displays) are the major drivers.
Increasing occurrences of chronic diseases such as arthritis, respiratory
diseases, orthopedic and cardiovascular diseases is driving x-ray detector
market size. Rising pollution levels and the severity of these chronic
illnesses is leading to increase in demand for early diagnosis, which in
turn is propelling the growth of diagnostic centers equipped with these
systems. Increasing domestic and external accidents in densely
populated economies have also fueled x-ray detector market size.

News release of NIH (National Institute of Health), in March, 2016 state
8.5% of the global population is aged above 65 and projects the increase
to reach 17% by 2050. Based on these projections, government, financial
institutions and private investors are increasingly investing in the sector to
support the growth and technological advancements in the industry.
Digitization is projected to result in decreased pricing of products such as
FPDs used in the industry. Reducing costs of FPDs are bolstering x-ray
detector market share. Moreover, the demand for photographic films has
increased due to low sensitivity, increased time utilization and long
processing time post-exposure. Demand for replacement of older analog
systems will provide steady growth prospects for the industry.
Reimbursement cuts by manufacturers which was promoted by
government initiatives are projected to positively impact x-ray detector
market size. For instance, the Consolidated Appropriations Act signed in
December 2015 included specific diagnostic radiology rules. Rules in the
act promote advanced technologies by reimbursement cuts for analog
system eventually aiding imaging providers.
1|Page