Market Research Future (MRFR) studied the global flat panel detector (FPD) market 2023 in the assessment period till 2030. According to MRFR data, the Flat Panel Detector Market overview report has valued the industry size at USD 0.9 billion in 2022 and is projected to grow from USD 0.93 Billion in 2023 to USD 1.16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.7% during the forecast period (2023 – 2030).
Market Drivers and Restraints
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 con tribute 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.
Advances in cone beam computed tomography (CBCT) have improved healthcare treatment outcomes for different diseases, such as; urinary diseases and cardiovascular diseases. Technological upgradation and improvements in the available CBCT equipment is resulting in a huge demand for such machines in both emerging economies and developed regions. The field of ENT, implant dentistry, interventional radiology (IR), and orthopedics are expected to contribute to the upsurge of the market in the years to come. The growing need for minimally invasive surgeries is also likely to boost the need for flat panel detector (FPD)-based X-ray for CBCT. Also reputed as cone beam volume CT and C-arm CT, Cone beam computed tomography, is used significantly in medical imaging methods that comprises X-ray computed tomography allowing X-rays to diverge. Flat panel detectors have modern versions of image detectors that help X-rays that can directly develop digital images as it falls on the patient’s body. Unlike traditional images, a FPD produces distortion-free images via electron optics. Another advantage of flat panel detectors along with improved image quality is lower radiation dose. On the contrary, cost issues can hinder the market expansion.
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.
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.
MRFR identified some of the prominent key players holding the flat panel detector market size, they are; 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, and PerkinElmer Inc among others.
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