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Europe X-Ray Detector Market Forecast 2021-2028

KEY FINDINGS

The Europe X-ray detector market is anticipated to record a CAGR of 6.28% during the forecasted period of 2021 to 2028. Some of the key factors, like the rising cases of accidents and injuries, the increasing incidence of chronic conditions, the growing geriatric populace, and the high prevalence of cancer are predominantly accredited to the regional market's growth.

MARKET INSIGHTS

The Europe X-ray detector market growth assessment includes the analysis of Russia, Belgium, Germany, Poland, Italy, the United Kingdom, France, and the rest of Europe. The French government is establishing significant measures in order to curtail the expenditure on medical devices. In this regard, in 2020, the country's parliamentary information commission stated that medical technology is the source of $5.8 billion in terms of annual spending in the community, in addition to $2.1 billion in hospitals. As a result, such instances are anticipated to positively influence the adoption of X-ray detectors in France.

On the other hand, Russia witnesses an increased need for security installations as well as military applications. Hence, the country also observes a growing requirement for X-ray detector technology, committed to serving the robust NDT demand from the Russian aerospace industry. Moreover, the well-established presence of companies manufacturing X-ray detectors is set to bolster the demand for the same, as well. Therefore, the aforementioned factors are expected to play a vital role in propagating the market growth in Europe over the forecasting years.

COMPETITIVE INSIGHTS

Some of the major companies operating in the market are Agfa-Gevaert NV, Comet Group, Koninklijke Philips NV, etc.

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