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Asia-Pacific Medical X-Ray Detectors Market - Analysis and Forecast, 2022-2032

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    Report

  • 121 Pages
  • November 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5910655
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The Asia-Pacific medical X-Ray detectors market was valued at $508.2 million in 2022 and is anticipated to grow to $913.7 million by the end of 2032, at a projected CAGR of 6.04% during the forecast period 2022-2032. The growing incidence of fractures and spinal injuries, which is fueling the market's expansion, technological developments in X-ray detectors, and the adoption of cutting-edge materials for dosage management and detector development are some of the reasons driving the market.

Market Introduction

The growing prevalence of chronic diseases in the Asia-Pacific (APAC) region along with improvements in medical imaging technologies are driving the market for medical X-ray detectors. Innovative X-ray detectors are being adopted by medical facilities in APAC to improve imaging capabilities, as there is an increasing focus on early and accurate diagnosis. With better image quality, quicker processing times, and less radiation exposure, digital X-ray detectors are replacing older film-based systems in the market. The need for effective diagnostic tools and the aging population are two additional factors driving demand. Important players in the APAC medical X-ray detectors market are spending money on R&D to provide cutting-edge and reasonably priced products, which will help the healthcare imaging industry as a whole grow.

Market Segmentation:

Segmentation 1: by Product

  • Flat-Panel Detectors
  • Charge-Coupled Device Detectors
  • Computed Radiography Detectors

Segmentation 2: by Application

  • Medical Applications
  • Dental Applications

Segmentation 3: by Modalities

  • Portable Detectors
  • Fixed Detectors

Segmentation 4: by Module Type

  • New Digital X-Ray Systems
  • Retrofit X-Ray Systems

Segmentation 5: by End User

  • Hospitals and Clinics
  • Diagnostic Centers

Segmentation 6: by Country

  • China
  • Japan
  • India
  • Australia and New Zealand
  • South Korea
  • Rest-of-Asia-Pacific

How Can This Report Add Value to an Organization?

Type: The type segment helps the reader understand the different types of X-Ray Detectors available in the market. Moreover, the study provides the reader with a detailed understanding of the different flat-panel detectors (indirect flat-panel detectors and direct flat-panel detectors). Furthermore, the study also covers different segments by module type (new digital X-Ray system and retrofit X-Ray systems)

Growth/Marketing Strategy: The Asia-Pacific medical X-Ray detectors market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been regulatory and legal activities, partnerships, alliances, and business expansions to strengthen their position in the market.

Competitive Strategy: Key players in the Asia-Pacific medical X-Ray detectors market analyzed and profiled in the study involve established and emerging players that offer different products for X-Ray detectors. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific medical X-Ray detectors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • Canon Inc.
  • DRTECH
  • FUJIFILM Holdings Corporation
  • Hamamatsu Photonics K.K.
  • iRay Technology
  • Konica Minolta, Inc.
  • Rayence


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Table of Contents

1 Markets
1.1 Market Outlook
1.1.1 Product Definition
1.1.2 Inclusion and Exclusion Criteria
1.1.2.1 Inclusion Criteria
1.1.2.2 Exclusion Criteria
1.1.3 Key Findings
1.1.4 Assumptions and Limitations
1.1.5 Market Scenario
1.1.5.1 Realistic Growth Scenario
1.1.5.2 Optimistic Growth Scenario
1.1.5.3 Pessimistic/Conservative Growth Scenario
1.2 Industry Outlook
1.2.1 Key Trends
1.2.2 Opportunity Assessment
1.2.3 Patent Analysis
1.2.3.1 Awaited Technological Developments
1.2.3.2 Patent Filing Trend (by Country)
1.2.3.3 Patent Filing Trend (by Year)
1.2.4 Product Benchmarking
1.2.5 Supply Chain Analysis
1.2.6 Research and Development: Addressing the Market Gap
1.2.6.1 Unmet needs in the market paving the direction of research and development (R&D) and creating opportunities for market players
1.2.6.2 Key recent technological milestones aimed at addressing the unmet needs
1.2.6.2.1 Indium Gallium Zinc Oxide (IGZO) Detectors
1.2.6.2.2 Perovskite Materials for X-Ray Detectors
1.2.6.2.3 Flexible X-Ray Detectors
1.3 Impact of COVID-19 on the Medical X-Ray Detectors Market
1.3.1 Pre-COVID-19
1.3.2 During COVID-19
1.3.2.1 Impact on X-Ray Examinations
1.3.2.2 Regional Analysis
1.3.3 Post-COVID-19
1.3.3.1 Future Perspective
1.4 Business Dynamics
1.4.1 Impact Analysis
1.4.2 Business Drivers
1.4.2.1 Growing Demand of X-Ray Examination in Acute Injuries
1.4.2.2 Technological Advancements in X-Ray Detectors
1.4.2.2.1 Thinnest X-Ray Detectors
1.4.2.2.2 Flexible Detectors
1.4.2.2.3 Hybrid Detectors
1.4.2.3 Use of New-Age Materials for the Development of X-Ray Detectors for Better Spatial Resolution and Dose Management
1.4.2.4 Increasing Public-Private Partnerships (PPPs) in Digital Imaging
1.4.3 Business Restraints
1.4.3.1 Demographic and Socio-economic Factors Restraining the Growth of the Market
1.4.3.2 Factors Hindering the Growth in Emerging Economies
1.4.3.2.1 Low Rate of Digitalization in Emerging Economies
1.4.3.2.2 High Cost of Implementation of X-Ray Detectors in Emerging Companies
1.4.4 Business Opportunities
1.4.4.1 Development of AI-Based Digital X-Ray Systems Enabling Diagnostic Accuracy
1.4.4.2 Innovations in Technology Leading to Various New Offerings Shaping the Market
2 Asia-Pacific
2.1 Asia-Pacific Medical X-Ray Detectors Market
2.1.1 Regulatory Framework
2.1.2 Key Findings and Opportunity Assessment
2.1.3 Market Dynamics
2.1.3.1 Impact Analysis
2.1.4 Market Sizing and Forecast
2.1.4.1 Asia-Pacific Medical X-Ray Detectors Market (by Product Type)
2.1.4.2 Asia-Pacific Medical X-Ray Detectors Market (by Modality)
2.1.4.3 Asia-Pacific Medical X-Ray Detectors Market (by Module Type)
2.1.4.4 Asia-Pacific Medical X-Ray Detectors Market (by Application)
2.1.4.5 Asia-Pacific Medical X-Ray Detectors Market (by End User)
2.1.4.6 Asia-Pacific Medical X-Ray Detectors Market (by Country)
2.1.4.6.1 Japan
2.1.4.6.1.1 Market Dynamics
2.1.4.6.1.2 Market Size and Forecast
2.1.4.6.1.2.1 Japan Medical X-Ray Detectors Market (by Modality)
2.1.4.6.1.2.2 Japan Medical X-Ray Detectors Market (by Module Type)
2.1.4.6.2 China
2.1.4.6.2.1 Market Dynamics
2.1.4.6.2.2 Market Size and Forecast
2.1.4.6.2.2.1 China Medical X-Ray Detectors Market (by Modality)
2.1.4.6.2.2.2 China Medical X-Ray Detectors Market (by Module Type)
2.1.4.6.3 Australia and New Zealand
2.1.4.6.3.1 Market Dynamics
2.1.4.6.3.2 Market Size and Forecast
2.1.4.6.3.2.1 Australia and New Zealand Medical X-Ray Detectors Market (by Modality)
2.1.4.6.3.2.2 Australia and New Zealand Medical X-Ray Detectors Market (by Module Type)
2.1.4.6.4 India
2.1.4.6.4.1 Market Dynamics
2.1.4.6.4.2 Market Size and Forecast
2.1.4.6.4.2.1 India Medical X-Ray Detectors Market (by Modality)
2.1.4.6.4.2.2 India Medical X-Ray Detectors Market (by Module Type)
2.1.4.6.5 South Korea
2.1.4.6.5.1 Market Dynamics
2.1.4.6.5.2 Market Size and Forecast
2.1.4.6.5.2.1 South Korea Medical X-Ray Detectors Market (by Modality)
2.1.4.6.5.2.2 South Korea Medical X-Ray Detectors Market (by Module Type)
2.1.4.6.6 Rest-of-Asia-Pacific
2.1.4.6.6.1 Market Dynamics
2.1.4.6.6.2 Market Size and Forecast
2.1.4.6.6.2.1 Rest-of-Asia-Pacific Medical X-Ray Detectors Market (by Modality)
2.1.4.6.6.2.2 Rest-of-Asia-Pacific Medical X-Ray Detectors Market (by Module Type)
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Key Strategies and Developments
3.1.1.1 New Offerings
3.1.1.2 Mergers and Acquisitions
3.1.1.3 Partnerships, Alliances, and Business Expansions
3.1.1.4 Regulatory and Legal Activities
3.2 Company Share Analysis
3.3 Company Profile
3.3.1 Canon Inc.
3.3.1.1 Company Overview
3.3.1.2 Role of Canon Inc. in the Asia-Pacific Medical X-Ray Detectors Market
3.3.1.3 Financials
3.3.1.4 Analyst Perception
3.3.2 DRTECH
3.3.2.1 Company Overview
3.3.2.2 Role of DRTECH in the Asia-Pacific Medical X-Ray Detectors Market
3.3.2.3 Financials
3.3.2.4 Analyst Perception
3.3.3 FUJIFILM Holdings Corporation
3.3.3.1 Company Overview
3.3.3.2 Role of FUJIFILM Holdings Corporation in the Asia-Pacific Medical X-Ray Detectors Market
3.3.3.3 Financials
3.3.3.4 Analyst Perception
3.3.4 Hamamatsu Photonics K.K.
3.3.4.1 Company Overview
3.3.4.2 Role of Hamamatsu Photonics K.K. in the Asia-Pacific Medical X-Ray Detectors Market
3.3.4.3 Financials
3.3.4.4 Analyst Perception
3.3.5 iRay Technology
3.3.5.1 Company Overview
3.3.5.2 Role of iRay Technology in the Asia-Pacific Medical X-Ray Detectors Market
3.3.5.3 Financials
3.3.5.4 Analyst Perception
3.3.6 Konica Minolta, Inc.
3.3.6.1 Company Overview
3.3.6.2 Role of Konica Minolta, Inc. in the Asia-Pacific Medical X-Ray Detectors Market
3.3.6.3 Financials
3.3.6.4 Analyst Perception
3.3.7 Rayence
3.3.7.1 Company Overview
3.3.7.2 Role of Rayence in the Asia-Pacific Medical X-Ray Detectors Market
3.3.7.3 Financials
3.3.7.4 Analyst Perception
List of Figures
Figure 1: Asia-Pacific Medical X-Ray Detectors Market, Impact Analysis
Figure 2: Medical X-Ray Detectors Market (by Product Type), Share %, 2021 and 2032
Figure 3: Medical X-Ray Detectors Market (by Modality), Share %, 2021 and 2032
Figure 4: Medical X-Ray Detectors Market (by Region), $Million, 2022 and 2032
Figure 5: Medical X-Ray Detectors Market Segmentation
Figure 6: Medical X-Ray Detectors Market Research Methodology
Figure 7: Primary Research
Figure 8: Secondary Research
Figure 9: Data Triangulation
Figure 10: Medical X-Ray Detectors Market, Research Process
Figure 11: Assumptions and Limitations
Figure 12: Medical X-Ray Detectors Market, Potential Forecast Scenarios
Figure 13: Medical X-Ray Detectors Market Size and Growth Potential (Realistic Scenario), $Million, 2020-2032
Figure 14: Asia-Pacific Medical X-Ray Detectors Market Size and Growth Potential (Optimistic Scenario), $Million, 2020-2032
Figure 15: Asia-Pacific Medical X-Ray Detectors Market Size and Growth Potential (Pessimistic Scenario), $Million, 2020-2032
Figure 16: Asia-Pacific Medical X-Ray Detectors Market, Key Trends
Figure 17: Asia-Pacific Medical X-Ray Detectors Market Key Trends, Market Shift, 2022-2032
Figure 18: Medical X-Ray Detectors Market, Patent Analysis (by Country), January 2018-December 2022
Figure 19: Medical X-Ray Detectors Market, Patent Analysis (by Year), January 2018-December 2022
Figure 20: Medical X-Ray Detectors Market, Product Benchmarking
Figure 21: Medical X-Ray Detectors Market, Key Areas of Focus in R&D
Figure 22: Medical X-Ray Detectors Market, Key Technological Milestones
Figure 23: Medical X-Ray Detectors Market (Without COVID-19), $Million, 2020-2032
Figure 24: Number of Scans by Imaging Modalities in the U.K. from 2018-2019 to 2020-2021, Million
Figure 25: Asia-Pacific Medical X-Ray Detectors Market, Impact Analysis
Figure 26: Prevalence of Fractures of the Forearm in 2015 and 2019 per 100,000 Population
Figure 27: Prevalence of Fracture of Femur in 2015 and 2019 per 100,000 Population
Figure 28: Prevalence of Fracture of Lower Leg (Including Ankle) in 2015 and 2019 per 100,000 Population
Figure 29: Advantages of New Age Materials for Developing X-Ray Detector
Figure 30: Asia-Pacific Medical X-Ray Detectors Market, Key Offerings, and Product Launches
Figure 31: Medical X-Ray Detectors Market Share (by Region), 2022-2032
Figure 32: Asia-Pacific Medical X-Ray Detectors Market, Incremental Opportunity (by Country), $Million, 2022-2032
Figure 33: Asia-Pacific Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 34: Asia-Pacific Medical X-Ray Detectors Market (by Product Type), $Million, 2020-2032
Figure 35: Asia-Pacific Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 36: Asia-Pacific Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 37: Asia-Pacific Medical X-Ray Detectors Market (by Application), $Million, 2020-2032
Figure 38: Asia-Pacific Medical X-Ray Detectors Market (by End User), $Million, 2020-2032
Figure 39: Asia-Pacific Medical X-Ray Detectors Market (by Country), % Share, 2021 and 2032
Figure 40: Japan Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 41: Japan Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 42: Japan Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 43: China Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 44: China Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 45: China Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 46: Australia and New Zealand Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 47: Australia and New Zealand Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 48: Australia and New Zealand Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 49: India Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 50: India Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 51: India Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 52: South Korea Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 53: South Korea Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 54: South Korea Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 55: Rest-of-Asia-Pacific Medical X-Ray Detectors Market, $Million, 2020-2032
Figure 56: Rest-of-Asia-Pacific Medical X-Ray Detectors Market (by Modality), $Million, 2020-2032
Figure 57: Rest-of-Asia-Pacific Medical X-Ray Detectors Market (by Module Type), $Million, 2020-2032
Figure 58: Share of Key Developments and Strategies, January 2018-October 2022
Figure 59: New Offerings (by Company), January 2018-October 2022
Figure 60: Mergers and Acquisitions (by Company), January 2018-October 2022
Figure 61: Partnerships, Alliances, and Business Expansions (by Company), January 2018-October 2022
Figure 62: Regulatory and Legal Activities (by Company), January 2018-October 2022
Figure 63: Medical X-Ray Detectors Market, Company Share Analysis, % Share, 2021
Figure 64: Canon Inc.: Product Portfolio
Figure 65: Canon Inc.: Overall Financials, $Million, 2019-2021
Figure 66: Canon Inc.: Segment Revenues, $Million, 2019-2021
Figure 67: Canon Inc.: Net Revenue (by Region), $Million 2019-2021
Figure 68: Canon Inc.: R&D Expenditure, $Million, 2019-2021
Figure 69: DRTECH: Product Portfolio
Figure 70: DRTECH: Overall Financials, $Million, 2019-2021
Figure 71: FUJIFILM Holdings Corporation: Product Portfolio
Figure 72: FUJIFILM Holdings Corporation: Overall Financials, $Million, 2019-2021
Figure 73: FUJIFILM Holdings Corporation: Segment Revenues, $Million, 2020-2021
Figure 74: FUJIFILM Holdings Corporation: Net Revenue (by Region), $Million 2019-2021
Figure 75: FUJIFILM Holdings Corporation: R&D Expenditure, $Million, 2019-2021
Figure 76: Hamamatsu Photonics K.K.: Product Portfolio
Figure 77: Hamamatsu Photonics K.K.: Overall Financials, $Million, 2019-2021
Figure 78: Hamamatsu Photonics K.K.: Segment Revenues, $Million, 2020-2021
Figure 79: Hamamatsu Photonics K.K.: Net Revenue (by Region), $Million 2021
Figure 80: Hamamatsu Photonics K.K.: R&D Expenditure, $Million, 2019-2021
Figure 81: iRay Technology: Product Portfolio
Figure 82: Detection Technology Plc.: Overall Financials, $Million, 2019-2020
Figure 83: Konica Minolta, Inc.: Product Portfolio
Figure 84: Konica Minolta, Inc.: Overall Financials, $Million, 2019-2021
Figure 85: Konica Minolta, Inc.: Segment Revenues, $Million, 2019-2021
Figure 86: Konica Minolta, Inc.: Net Revenue (by Region), $Million 2019-2021
Figure 87: Konica Minolta, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 88: Rayence: Product Portfolio
Figure 89: Rayence: Overall Financials, $Million, 2019-2021
List of Tables
Table 1: Medical X-Ray Detectors Market, Quarterly Key Developments Analysis, January 2018-December 2022
Table 2: Key Questions Answered in the Report
Table 3: Medical X-Ray Detectors Market, Comparison of Key Parameters across the Potential Growth Scenarios
Table 4: Asia-Pacific Medical X-Ray Detectors Market, Awaited Technologies
Table 5: Asia-Pacific Medical X-Ray Detectors Market Regulations
Table 6: Asia-Pacific Medical X-Ray Detectors Market, Impact Analysis

Executive Summary

The Asia-Pacific medical X-Ray detectors market is estimated to reach $913.7 million by 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 6.04% during the forecast period 2022-2032.

The Asia-Pacific Medical X-Ray Detectors Market: Drivers and Challenges

The Asia-Pacific medical X-Ray detectors market is propelled by several factors, such as the growing prevalence of orthopedic injuries, an aging population, and the growing healthcare sector. Furthermore, the increasing use of imaging modalities in the Asia-Pacific region is also one of the growth factors of this market.

However, key restraining factors include the relative lack of medical infrastructure and healthcare staff. Moreover, the shortage of radiologists is another factor hindering the growth of the market.

USPs of report

Market ranking analysis based on product portfolios and recent developments

  • Analysis of business drivers and challenges of the Asia-Pacific Medical X-Ray Detectors Market
  • Detailed analysis of Medical X-Ray Detectors Market for China, Japan, India, South Korea and Australia and New Zealand
  • A detailed company profile comprising established players
  • Segmentation by product, application, module type, and end user provided in the report

Analyst’s Perspective on Asia-Pacific Medical X-Ray Detectors Market

The Principal Analyst states, 'X-Ray technology is evolving, and several high-resolution, low-cost, and low-radiation dose systems are being developed by market players. Continuous research and development (R&D) have led to several technological advancements in X-Ray detector technology, such as the development of thinner and more flexible FPDs. Several research studies are also aimed at identifying novel materials for flat panel detectors (FPDs)'.

Some of the prominent names established in this market are:

  • Canon Inc.
  • DRTECH
  • FUJIFILM Holdings Corporation
  • Hamamatsu Photonics K.K.
  • iRay Technology
  • Konica Minolta, Inc.
  • Rayence

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Asia Pacific medical X-Ray detectors market?
  • What is the market segmentation based on product type?
  • What is the market segmentation based on modality?
  • What is the market segmentation based on module type?

Companies Mentioned

  • Canon Inc.
  • DRTECH
  • FUJIFILM Holdings Corporation
  • Hamamatsu Photonics K.K.
  • iRay Technology
  • Konica Minolta, Inc.
  • Rayence

Table Information

Report AttributeDetails
No. of Pages121
PublishedNovember 2023
Forecast Period2022 - 2032
Estimated Market Value ( USD ) in 2022 $ 508.2 Million
Forecasted Market Value ( USD ) by 2032 $ 913.7 Million
Compound Annual Growth Rate6.0%
Regions CoveredAsia Pacific
No. of Companies Mentioned7

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