Flat Panel Detector Market By 2027 Top Winning Strategies, COVID-19 Impacting Factors, Business Strategies

The market held a market value of USD 3.06 billion in 2018 and is projected to grow at a CAGR of 6.7% over the forecast period.

Flat panel detectors are radiography devices with a similar functionality to image sensors. It is used in fluoroscopy due to emitting lower dose of radiation and providing a better quality of output. The global Flat Panel Detector (FPD) Market report by Market Research Future (MRFR) contains insights, opportunities, and threats for the period of 2019 to 2024 (forecast period). The sudden outbreak of the COVID-19 pandemic and its impact are analyzed thoroughly in the report.

The global Flat Panel Detector (FPD) Market size is predicted to expand at 6.7% CAGR over the forecast period. Investments in digital imaging technologies for attaining accurate images of the internal body can drive the market demand. Dropping prices of digital detectors and the growing medical tourism can positively affect market growth. Developments in digital mammography with the help of FPDs can detect abnormalities in the body.

This has worked well in breast cancer diagnostics and aided in storage of images in picture archiving and communication systems. In addition, lowered radiation doses associated with FPDs do not compromise with image quality in diagnosis of diseases.

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According to a report by National Center for Biotechnology Information (NCBI) in 2017, dental diseases affect close to 50% of the global populace and will fuel the market demand in the coming years. Reimbursement schemes covering imaging tests can work in favor of the global FPD market. The huge prevalence of periodontal diseases has driven the need for FPD for cone beam computed tomography devices.

Segmentation

The global Flat Panel Detector (FPD) Market has been segmented by portability, application, and end user.

  • By portability, the market has been segmented into fixed and portable.
  • By application, the market has been segmented into dental, medical, veterinary, orthopedic, cardiac, mammogram, and others.
  • By end user, has been segmented into hospitals and clinics and diagnostic centers.

Competitive Outlook

PerkinElmer Inc., iRay Technology, Agfa-Gevaert Group, General Electric Company, Carestream Health, New Medical Imaging Co., Ltd, Trixell, Canon Medical Systems Corporation, Imaging Dynamics Company Ltd, Varian Medical Systems, Inc., Varex Imaging Corporation, and Fujifilm Holdings America Corporation are key players of the global FPD market.

Regional Analysis

The global Flat Panel Detector (FPD) Market has been segmented, by region, into the Americas, Europe, Asia Pacific (APAC), and the Middle East Africa (MEA).

The Americas is anticipated to dominate the global Flat Panel Detector (FPD) Market owing to the technological innovations, a surge witnessed in healthcare spending, access to venture capital and government funding, and increasing incidence of chronic diseases in the region has fueled the growth of the market.

Europe is expected to hold the second largest position in the global Flat Panel Detector (FPD) Market owing to the presence of prominent players such as Siemens and Philips, a well-developed healthcare sector, government support for research development, and high healthcare expenditure. Changing user demand and partnerships between players to stave off competition from non-European players can fuel innovation in the global Flat Panel Detector (FPD) Market.

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APAC is anticipated to be the fastest growing region in the global Flat Panel Detector (FPD) Market owing to the growing adoption of digital radiography systems, rising disposable income levels of patients, and increasing investments in healthcare technology. Advantages over computed radiography and analogue detectors are likely to push the demand for flat panel detectors. Moreover, the requirement for digital radiography systems amid the rising pediatric population can bode well for the market.

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