Global Flat Panel Detector (FDP) -Based X-Ray Market Highlights over 2022 – 2030
The global flat panel detector (FDP) -based X-ray market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the advantages of FDP over image intensifiers, including high contrast resolution, and additional greyscale. FDP based X-ray is a screening device that provides large field of view (FOV), and permits real-time observation, which is estimated to boost the market growth. Moreover, these advantages of FDP-based X-ray make it a highly preferred diagnosis method for lungs, heart, and other sensitive organs. In addition to this, the increasing prevalence of chronic diseases, including, cardiovascular, respiratory, kidney, and digestive issues, are foreseen to provide major growth opportunities to the market. According to the data by the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) caused 3.23 million deaths, while asthma caused 461,000 deaths in 2019. Moreover, 17.9 million deaths were caused by CVDs in the same year. Furthermore, the adoption of advanced technology in the healthcare sector is projected to encourage the market growth in the upcoming years. Several other factors, such as, growing global geriatric population, higher health awareness, and demand for efficient diagnosis, are anticipated to fuel the market growth.
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The market is divided by type into direct, and indirect, out of which, the direct segment is anticipated to hold the notable share in the global flat panel detector (FDP) -based X-ray market over the forecast period as direct FDP converts x-ray photons directly into electric charge. This provides high spatial resolution, and small pixel sizes, which is desirable to identify micro calcifications. Such factors are estimated to boost the segment growth.
Major Macro-Economic Indicators Impacting the Market Growth
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Global Flat Panel Detector (FDP) -Based X-Ray Market Regional Synopsis
On the basis of geographical analysis, the global flat panel detector (FDP) -based X-ray market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe region is estimated to witness noteworthy growth over the forecast period on the back of high demand for health check-ups and diagnosis, backed by elevated health awareness amongst the people. Moreover, the disposable income of majority of the population is high in developed countries, such as, United Kingdom, Germany, France, Hungary, Netherlands, and others. This is also anticipated to boost the regional market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high healthcare expenditure per capita, easy availability of efficient treatment facilities, and advancements in healthcare sector. According to the data by the World Bank, the total health expenditure per capita of North America amounted to USD 10,050.516, in 2018. Moreover, the higher adoption of technology in the healthcare sector in the region is expected to fuel the market growth.
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The global flat panel detector (FDP) -based X-ray market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global flat panel detector (FDP) -based X-ray market includes the following segments:
By Type
- Direct
- Indirect
By Process
- Projectional Radiography
- Fluoroscopy
- Others
By Application
- Dental
- ENT
- Orthopedics
- Interventional Radiology (IR)
- Others
By End-User
- Hospitals
- Clinics
- Diagnostic Laboratories
- Others
Growth Drivers
- Growing Demand for Efficient Screening Methods
- Increasing Prevalence of Chronic Diseases
- Rising Adoption of Advanced Technology in Healthcare Sector
Challenges
- Higher Cost of FDP Based X-Ray
Top Featured Companies Dominating the Market
- Danaher Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Terumo Corporation
- Carestream Health, Inc.
- Becton, Dickinson and Company
- Genoray Co., Ltd.
- Johnson & Johnson Services, Inc.
- Baxter International, Inc.
- Koninklijke Philips N.V.
- J. MORITA Corporation
- Siemens AG
