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Flat Panel Detector (FDP) -Based X-Ray Market

Segmentation by Type (Direct, and Indirect); by Process (Projectional Radiography, Fluoroscopy, and Others); by Application {Dental, ENT, Orthopedics, Interventional Radiology (IR), and Others}; by End-User (Hospitals, Clinics, Diagnostic Laboratories, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3807 | Published On: Feb 06, 2023
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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.

Flat Panel Detector (FDP) -Based X-Ray Market Share

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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


Flat Panel Detector (FDP) -Based X-Ray Market
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Major Macro-Economic Indicators Impacting the Market Growth
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Healthcare Expenditure per Capita

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.


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


Healthcare Expenditure per Capita
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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

In The News

  • September, 2021: Carestream Health, Inc. to provide diagnostic imaging systems to Health First’s Holmes Regional Medical Center in Melbourne.

  • August, 2021: J. MORITA Corp. announced the agreement to acquire SK Medical Electronics Co., Ltd., the global manufacturer of dental laboratory, medical, scientific and industrial equipment.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the flat panel detector (FDP) -based X-ray market?

Ans: The growing demand for efficient imaging diagnosis devices in the healthcare sector to boost the market growth.

2) What would be the CAGR of flat panel detector (FDP) -based X-ray market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2030.

4) Which region will provide more business opportunities for growth of flat panel detector (FDP) -based X-ray market in future?

Ans: The market in the North America is estimated to provide most growth opportunities owing to the high healthcare expenditure and R&D activities in the region during the forecast period.

5) Who are the major players dominating the flat panel detector (FDP) -based X-ray market?

Ans: The major players in the market are 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, and Siemens AG.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the flat panel detector (FDP) -based X-ray market?

Ans: The market is segmented by type, process, application, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the flat panel detector (FDP) -based X-ray market?

Ans: The hospital segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: The higher cost of FDP is estimated to hamper the market growth.

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