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Asia-Pacific X-Ray Detector Market Forecast 2021-2028

KEY FINDINGS

The Asia-Pacific X-ray detector market is predicted to register a CAGR of 6.50% over the estimated period of 2021 to 2028. The market growth of the region is mainly attributable to aspects such as the surging availability of improved medical services and the augmenting healthcare expenditure.

MARKET INSIGHTS

The Asia-Pacific X-ray detector market growth evaluation includes the assessment of Vietnam, Indonesia, Australia & New Zealand, India, Japan, China, Thailand, South Korea, and the rest of the Asia-Pacific. South Korea is technologically advanced compared to the majority of other countries across the Asia-Pacific. For instance, a start-up working on a digital X-ray system named Nanox received an additional $20 million in new funding following a $26 million funding in 2020. The novel investment arrived as a partnership agreement between SK Telcom and Nanox, working together to deploy 2,500 Nanox Systems in Vietnam as well as South Korea.

Healthcare is recognized as one of the leading sectors in Thailand, thereby anticipated to be a key driver fueling the country's economy. Furthermore, as per statistics, Thailand's healthcare expenditure is set to exhibit robust growth over the upcoming years. While the healthcare industry in Thailand increased from $20 billion to $25 billion from 2016 to 2020, this figure is projected to rise to $47.9 billion by 2026. As a result, Thailand's expanding medical sector will likely provide the regional market with lucrative opportunities. Therefore, such factors are expected to facilitate the Asia-Pacific X-ray detector market growth during the forecasting years.

COMPETITIVE INSIGHTS

Some of the key players operating in the market are Varex Imaging Corporation, Canon Inc, Fujifilm Holdings Corporation, Konica Minolta Inc, etc.

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- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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Asia-Pacific X-Ray Detector Market Forecast 2021-2028
Published By :Inkwood Research
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