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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Medical X-ray Flat Panel Detector market for 2018-2023.
Medical X-ray Flat Panel Detector is used in radiography for conversion of X-rays to light (indirect conversion) or charge (direct conversion) which is read out using thin film transistors (TFT array).
In the coming years there is an increasing demand for Medical X-ray Flat Panel Detector in the regions of North America that is expected to drive the market for more advanced Medical X-ray Flat Panel Detector. Increasing of medical fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Medical X-ray Flat Panel Detector will drive growth in North America markets.
The market for Medical X-ray Flat Panel Detector is also very competitive, and top companies also faces intense competition from over a dozen smaller competitors. As a result of these competitive dynamics, in order to effectively retain the business of customers and compete with competitors, it must have an advantage in one or more significant areas, such as lower product cost, better product quality and/or superior technology and/or performance.
Globally, the Medical X-ray Flat Panel Detector industry market is concentrated as the manufacturing technology of Medical X-ray Flat Panel Detector is relatively immatures than some high-tech equipment. But some enterprises, like Varex Imaging, Canon, Trixell, etc. are well-known for the wonderful performance of their Medical X-ray Flat Panel Detector and related services. At the same time, North America, occupied 28.74% sales market share in 2017, is remarkable in the global Medical X-ray Flat Panel Detector industry because of their market share and technology status of Medical X-ray Flat Panel Detector.
The consumption volume of Medical X-ray Flat Panel Detector is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Medical X-ray Flat Panel Detector industry may not keep that fast. But it is surely forecasted that the market of Medical X-ray Flat Panel Detector is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Medical X-ray Flat Panel Detector market to approach these areas. QYR analysis of the Medical X-ray Flat Panel Detector market indicated that North America would account for the highest sales in 2025 with close to 27 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Medical X-ray Flat Panel Detector is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Medical X-ray Flat Panel Detector and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Medical X-ray Flat Panel Detector will register a 3.1% CAGR in terms of revenue, reach US$ 1500 million by 2023, from US$ 1250 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Medical X-ray Flat Panel Detector market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Indirect Conversion
- Direct Conversion
Segmentation by application:
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Varex Imaging
- Konica Minolta
- Teledyne DALSA
- Iray Technology
- CareRay Medical Systems
- Carestream Health
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Medical X-ray Flat Panel Detector consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Medical X-ray Flat Panel Detector market by identifying its various subsegments.
- Focuses on the key global Medical X-ray Flat Panel Detector manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Medical X-ray Flat Panel Detector with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Medical X-ray Flat Panel Detector submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.