South Korea X-Ray Detector Market Recorded Hyper Growth in the Upcoming Year

 


The growth of the global X-ray detector market is mainly driven by the increase in demand for digital imaging technology. Furthermore, various advantages that propel the growth of the Digital Detector X-ray Detector market. Moreover, favorable reimbursement policies for X-ray diagnostics are also fueling the market growth. High cost of digital x-ray systems is expected to restrain the market growth. Conversely, increasing demand for wireless x-ray detectors and growth in medical tourism in developing countries are expected to provide lucrative opportunities for market expansion over the forecast period.

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Covid-19 Impact Analysis:

Covid-19 has diverted stimulus funds to diagnostic X-ray systems to help provide much-needed diagnostic imaging facilities, resulting in better-than-expected growth in the radiography market. A chest X-ray is often the first imaging test performed after a positive reverse-transcription polymerase chain reaction (RT-PCR) if the patient is at risk for disease progression. Mobile digital radiography (DR) systems are at the forefront of providing early detection for secondary and more advanced stages of pneumonia and severe COVID-19 cases. Furthermore, for developing countries, mobile DR systems provide imaging capabilities for diagnosing COVID-19, due to their increased affordability compared to CT systems. Hence, the increase in demand for digital X-ray radiography is expected to be positively impacted by the COVID-19 pandemic.

Key Segments:

By type, the flat panel detectors (FPDs) segment accounted for the largest share of the X-ray detector market in 2019 and is expected to maintain its dominance over the forecast period owing to the high demand for FPDs and the various benefits they offer. Excellent image quality and ability to retrofit into existing x-ray tables.

Region wise, North America acquired a major share of the market, owing to presence of key players that offer popular X-ray detectors in the region, well-established healthcare facilities, growth in number of medical imaging procedures, favorable reimbursement policies, rise in threats of terrorism, large focus on product quality & non-destructive testing, and growth in adoption of pets & animal farming.

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