The global x-ray detector market will reach $2.9 billion by 2021, growing at a compound annual growth rate of 5.5%, according to a new report from MarketsandMarkets.
This growth will be prompted by technological advances, an increasingly elderly population, government and venture capital funding, volume growth of orthopedic and cardiovascular procedures, and reimbursement cuts for analog systems, MarketsandMarkets said.
The flat-panel detector segment is expected to account for the largest share of the market this year, according to the firm. This year, North America is expected to dominate the market, followed by Europe, although Asia will be the fastest-growing region during the forecast period.
