A collective share
in the global flat panel x-ray detectors market of 56.1% in 2015 was
held by Konica Minolta, Inc., PerkinElmer, Olympus Corporation, and
Rayence, Inc. Their strong presence in the market has overshadowed
the much smaller shares held by regional players in the key regions
of North America and Europe.
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Research Report of Flat Panel X-Ray Detectors Market :
As stated in a
research report published by Transparency Market Research, the global
flat panel x-ray detectors market is likely to continue being
dominated by these players in terms of size and revenue generation
rates. The degree of rivalry between them is expected to be very high
over the coming years, while players are trying to cater to the
growing demand for new, improved, advanced flat panel detectors. The
leaders in the market are largely interested in creating
cost-effective solutions in order to penetrate the markets in
emerging economies.
The global flat
panel x-ray detectors market is expected to reach US$1.08 bn by the
end of 2016. The market’s value is expanding at a CAGR of 5.9%
within a forecast period from 2016 to 2024 and will lead the market
to reach US$1.7 bn in 2024.
Technological
Improvements in Flat Panel X-Ray Detectors Find Greater Regional
Contact
“Many markets have
taken up the advantages to civilization brought about by
globalization and attaining a global commercial perspective,
including the global flat panel x-ray detectors market. The
introduction of newer technologies is being received positively by
all key regions, thereby creating a surge in uptake for all advanced
X-ray systems. Digital X-ray systems are far more advanced than the
older analog technologies and have been successfully introduced to
the large client pools from emerging economies,” states a TMR
analyst.
The global flat
panel x-ray detectors market is also being driven by the steadily
lowering price caps of flat panel technologies, primarily due to an
increase in their manufacturing rate as taken up by nations such as
India and China. The market is also benefitting from the current
advancements in radiology. One of the key application segments that
players from the global flat panel x-ray detectors market need to
look out for is the manufacturing sector. Manufacturers are
increasingly adopting flat panel x-ray detectors in order to improve
product quality to get an edge over competitors. This is seen
especially in the manufacture of automobiles, healthcare devices, and
defense and aerospace equipment. Security companies are also taking
up flat panel x-ray detectors amid the growing concerns over safety
and anti-infiltration advancements in aerospace.
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Advancements
Slowed by High Regulatory Pressure
One of the key
factors hindering the overall growth rate of the global flat panel
x-ray detectors market is the extremely strict regulatory framework
surrounding them. Flat panel detectors technically fall into the
category of radiation emission and radiation devices. This puts an
additional strain on manufacturers into building devices considered
as safe under these norms.
“The emerging
economies are currently showing a great deal of promise to ramp up
their demand for flat panel x-ray detectors. India, China, Brazil,
and South Africa are among the key countries that global entities are
targeting in terms of increasing sales of flat panel x-ray detectors
as well as introducing manufacturing facilities. Countries in the
Asia Pacific regions are showing an especially positive outlook
towards adopting newer technologies, thereby improving the revenue
generation scope of current players,” adds the analyst.
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