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Ongoing Innovations and Developing Economies: Creating Growth Opportunities in the Market

   July 13, 2022

X-ray detectors used in current mammography systems are often rigid, with concerns regarding additional tissue damage or the development of secondary tumors. In July 2018, researchers from the University of Surrey’s Advanced Technology Institute (ATI) developed an X-ray detector by embedding oxide nanoparticles in a bulk organic structure that allows large-area detectors to be produced at a low cost. The research claims that the X-ray detector can screen for breast cancer by adapting the X-ray detector arrays to the specifications of different patients. A new start-up company has been formed for further development and commercialization of this technology for food monitoring, medical, and pharmaceutical applications.

Recent innovations in digital radiography (DR) include integrating artificial intelligence (AI) and auto-detection technologies and more durable glassless detector plates, which help draw more diagnostic data from X-ray imaging. For instance, in 2019, Shimadzu Corporation (Japan) and Konica Minolta, Inc. (Japan) co-developed a new, FDA-approved technology called dynamic digital radiography (DDR) to create moving X-ray images. It uses continuous pulses of about 15 frames per second to capture respiratory motion and limb/neck movement. It has applications in COPD, asthma, and orthopedic treatments. DR systems usually have more availability than CT systems, and the technology offers a lower dose than a CT scan.

Developed countries such as the U.S. and the countries in Europe have dominated the X-ray detectors market. Compared to the Asian markets, the U.S. and Europe are greatly saturated, and thus, the countries in Asia are likely to become the new revenue pockets for X-ray detector suppliers in the coming years. Asian countries hold vast growth opportunities due to factors such as the growing aging population coupled with a high prevalence of chronic diseases, rising healthcare expenditure & income levels, improving access to healthcare services, and growing government investments in developing healthcare infrastructure. According to the International Osteoporosis Foundation, China’s population is projected to reach 1.39 billion by 2025, with 518 million people aged 50 years or over. Similarly, according to the United Nations, India’s population is expected to reach 1.45 billion by 2028, making it the world’s most populous nation.

Thus, there will be a great demand for better healthcare facilities and diagnostic systems due to consistent growth in the global population. It is estimated that more than 25,000 CT imaging systems will be required to meet the global demand for the next 10 years, driving the growth of the X-ray detectors market.

According to the World Health Organization (WHO), more than two-thirds of the world’s population does not have access to essential X-ray imaging equipment. In low & medium-income countries, people succumb to trivial conditions due to a lack of proper treatment or access to diagnosis. Road accidents, tuberculosis, fractures, sports-related injuries, osteomyelitis, HIV, pneumoconiosis, and complications from childhood pneumonia are a few recurrent instances of disorders causing complications. The screening of these disorders largely depends on X-ray imaging with an emphasis on accurate identification, consistent image quality, and less turnaround time due to the increasing number of patients needing X-ray diagnosis. Furthermore, many mass screening campaigns in these countries successfully detected a large pool of prevalent TB cases, and surveys of follow-up campaigns often showed significant reductions in the burden of TB.

Moreover, increasing healthcare expenditure in emerging economies of Asia-Pacific and South & Central America enables physicians to diagnose a wider range of diseases. Due to the increasing prevalence of chronic diseases and a large patient pool, several prominent market players are focusing on emerging economies such as Asia-Pacific countries. In addition, these countries have observed growth in medical tourism, which adds to the increased rate of X-ray screenings. Thus, ongoing innovations and emerging countries are expected to provide significant growth opportunities for the players operating in the X-ray detectors market.

The global X-ray detectors market is expected to register a CAGR of 6.0% to reach $4.30 billion by 2029, according to the analysis by Meticulous Research®.

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