According to the research report titled, ‘Global X-Ray Detectors Market Size study, by Type (Flat Panel Detectors, Indirect Flat Panel Detectors, Direct Flat Panel Detectors), by Portability (Fixed Detectors, Portable Detectors), by Application (Medical, Dental, Security, Industrial) and Regional Forecasts 2021-2027’, global X-ray detectors market was worth USD 3.14 billion in 2020 and is anticipated to register an annual growth rate of 6.4% during 2021-2027, thereby amassing USD 4.85 billion by the end of the analysis period.
 

Rising healthcare expenditure coupled with innovative product launches are primarily aiding towards the expansion of global X-ray detectors market. Citing an instance, Waygate Technologies introduced a series of next gen digital X-ray detectors namely Seifert DXR 100S-41M and DXR 200S-41M back in March 2021.
 

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For the unversed, X-ray detectors are medical devices that are used to measure flux, spectrum, spatial distribution along with other pivotal features of X-rays. Thus, favorable government initiatives to support healthcare and growing prevalence of orthopedic diseases are further augmenting the overall industry outlook.
 

On the contrary, unfavorable reimbursement scenario and rising concerns regarding the harmful effects of radiations of human health are likely to hamper the progression of global X-ray detectors market in the ensuing years.
 

By type, the marketplace is classified into flat panel detectors, direct flat panel detectors, and indirect flat panel detectors. Based on portability, the industry is split into fixed detectors and portable detectors, whereas bifurcation based on application includes medical, security, industrial, and dental.
 

Regionally speaking, North America presently holds a significant share in the overall market owing to prompt technological developments in the medical field and increasing geriatric population.
 

Meanwhile, Asia Pacific market is projected to expand considerable during 2021-2027 accreditable to surging number of medical imaging procedures, rising occurrences of various diseases, availability of affordable and skilled workforce, as well as supportive government initiatives.
 

Key players operating in global X-ray detectors market are Koninklijke Philips N.V., Konica Minolta Inc., General Electric Company, Fujifilm Holdings Corporation, Detection Technology Plc, YXLON International GmbH, Carestream Health Inc., Canon Inc., Analogic Corporation, and Agfa-Gevaert N.V.