Flat Panel Detector Market Overview
Flat panel detectors (FPD) 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 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. Advances in solid-state X-ray digital radiography devices, such as; Flat panel detector (FPD), is gaining prominence as diagnostic aid, which is expected to earn high revenue for the FPD market in near future. The integration of modern image sensors in flat panel detectors helps in delivering accurate results that are likely to contribute to the expansion of the customer base, which, in turn, can earn profit for the FPD market in the near future. The expansion of private and public investments in digital imaging technologies, along with decline in prices and benefits that are provided by digital detectors are causes that are likely to positively impact the market in the near future. In addition, the rise of medical tourism in different developing countries is also anticipated to drive the market of FPD in the approaching years.
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Flat Panel Detector Market Players
Some of the prominent players in the global flat panel detector (FPD) market are General Electric Company, Carestream Health, Canon Medical Systems Corporation, Fujifilm Holdings America Corporation, PerkinElmer Inc., Trixell, iRay Technology, Varian Medical Systems, Inc., Agfa-Gevaert Group, New Medical Imaging Co., Ltd, Varex Imaging Corporation, Imaging Dynamics Company Ltd and others
The huge prevalence of periodontal diseases has driven the need for FPD for cone beam computed tomography devices. 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.However, the high costs of the system can hamper market growth. In addition, other factors that are affecting global demand growth include other factors such as the increased prevalence of orthopaedic disorders and cancer and scientific developments in flat panel x-ray detectors. One of the key factors poised to fuel growth in the global market during the forecast period is the implementation of the Complementary Metal-Oxide - Semiconductor (CMOS) technology in the design of flat panel detectors.
Flat Panel Detector Market Segmentation
The market has been segmented into fixed and portable by portability.
The market has been segmented into surgical, orthopaedic, cardiac, veterinary, mammographic, dental, and others by application.
The industry has been segmented into hospitals, clinics and testing centres by end users.
Flat Panel Detector Market Regional Analysis
Due to the emergence of a well-developed healthcare industry , good government funding for research & development and high healthcare spending in European countries, Europe is projected to hold the second largest role in the global flat panel detector (FPD) market. In Europe, well-developed innovations have also played a predominant role in expanding the European economy.
Due to the the acceptance of digital imaging systems, the disposable income, the number of awareness initiatives and symposia, and increasing venture capital funding, Asia-Pacific is projected to be the fastest growing area in the global flat panel detector (FPD) industry.
The worldwide flat panel detector (FPD) industry has the least share in the Middle East & Africa. In addition, the region's largest market share is projected to be retained by the Middle East region due to rising government interventions in the healthcare sector.
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