The global 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.
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.
Segmentation
The global fpd market has been segmented by portability, application, and end user.
By portability, the market has been segmented into fixed and portable. The portable segment had acquired the highest market share and will lead the market.
By application, the market has been segmented into dental, medical, veterinary, orthopedic, cardiac, mammogram, and others.
The market, by end user, has been segmented into hospitals and clinics and diagnostic centers.
Regional Analysis
The global 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.
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Europe is supposed to stand firm on the second biggest foothold in the worldwide FPD Market attributable to the presence of unmistakable players, for example, Siemens and Philips, an all-around created medical services area, government support for research and improvement, and high medical services use. Changing client interest and associations between players to fight off rivalry from non-European players can fuel development in the worldwide flat panel detector market.
APAC is expected to be the quickest developing locale in the worldwide flat panel detector (FPD) market attributable to the developing reception of computerized radiography frameworks, rising extra cash levels of patients, and expanding interests in medical services innovation. Benefits over registered radiography and simple detectors are probably going to push the interest for flat panel detectors. Also, the necessity for advanced radiography frameworks in the midst of the rising pediatric populace can look good for the market.
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.
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