Digital X-Ray Imaging 2022

Impact of global context on digital X-ray imaging

Market dynamics in digital X-ray imaging have been impacted by the Covid crisis, the current geopolitical context and new environmental policies. The Covid crisis upset demand in medical systems in 2020 and 2021. Healthcare facilities prioritized their budgets to fight Covid, boosting static radiography and computed tomography (CT). Many surgeries, mammographies or dental diagnoses have been delayed, slowing demand in these segments by about a year. The medical business eventually returned to its pre-Covid dynamic and is expected to grow from $1,780M in 2021 to $2,128M in 2027 at the detector level. The security business suffered in 2020 and 2021, with airport shutdowns and borders closing. But now the recovery of air transportation and the tense geopolitical context with the Ukraine-Russia war is driving demand in this segment. Security is expected to go from $50M in 2021 to $57M in 2027. Industry also suffered from a global economic downturn due to Covid. However, car electrification is now a good driver for X-ray inspection, which is used in electronics and battery production lines and storage to detect defects. As a result, the segment will grow from $210M in 2021 to $263M in 2027.

Growth of the Chinese ecosystem

The Chinese digital X-ray industry has strengthened its position in recent years at the detector manufacturing and system levels. In detectors, iRay Technology is now challenging historical players of flat panel detectors like Varex and Trixell. Strong efforts in R&D allowed Chinese companies to catch up on detector performance and even to lead on new types of detectors based on Indium Gallium Zinc Oxide (IGZO) material. Meanwhile, they are very competitive on price, putting historical players under pressure on mature technologies like amorphous silicon (aSi) flat panel detectors. At the system level, several Chinese players entered the market over the last decades in all radiography fields. Some of them are also growing fast and are becoming competitive with major manufacturers like Siemens, Philips, General Electric and Canon on performance and price. For example, in the CT scan area, United Imaging and Neusoft are gaining traction. United Imaging recently went public with a $1.6B Initial Public Offering.

Opportunities in computed tomography

Computed tomography is progressively replacing classical radiography in medicine around the world thanks to improvement of performance linked to computational power during recent years. This presents specific opportunities in different geographical markets. To address the Chinese, Indian, and other developing countries markets, global medical leaders focus on developing a supply chain, building local facilities and delivering affordable products based on mature technologies. It is a volume-oriented strategy with short-term return on investment. For developed countries, the effort is focused more on technology with the emergence of photon-counting scanners, for example. New technologies will create new use-cases and open new segments. However, this is a long-term strategy since products must be clinically certified before being released on the market.

Glossary

Methodology & definition

About the authors

What we got right, what we got wrong

Companies cited

Three-page summary

Executive summary

Introduction

• Types of systems
• Types of detectors
• Generalities on the X-ray imaging industry

Market forecast

• Market forecast by application & technology
• Market forecast synthesis

Market trends

• Medical – general trends 
• Medical trends by sub-segment
• X-ray for Industry
• X-ray for Security
• Market trends synthesis 

Supply chain

• System makers (OEM)
• Detector manufacturers
• Semiconductor foundries
• Focus on photon-counting technology
• Crisis and restructuration
• Mergers & acquisitions
• Supply chain synthesis

Technology trends

• Flat-panel technologies
• Multispectral imaging
• Photon-counting detectors
• Computing power & AI
• Perovskite material
• Technology trends synthesis

Conclusion

Yole Goup presentation

Key Features

• Market data on key X-ray detector technologies including flat panel aSi, aSe, IGZO or CMOS, CT detectors and linear sensors over medical, industry, security, and veterinary markets. Historical data are displayed from 2018 to 2021 before forecasting the market up to 2027
• Comprehensive analysis of the market trends in the different market segments
• Understanding of how health and political crises affect the X-ray imaging market
• Market share for flat panel detectors, in value
• Comprehensive description of the supply chain from system integrators to semiconductor fabs. Highlights of the main changes since the last update of the report
• Comprehensive description of technologies including roadmap on photon-counting technology. Analysis of the penetration of IGZO in flat panels

What's new

• The covid crisis upset demand in 2020/2021. Combined with conflicts and trade wars, it forced many players to build new supply chains
• Commercialization of the first photon-counting CT scanner by Siemens Healthineers
• The biggest CT scan system makers made acquisitions to ensure internal capacity of manufacturing photon-counting detectors
• Car electrification is pulling demand for X-ray inspection in electronics and battery production lines

Product objectives

• Provide an overview of the digital X-ray imaging industry with a focus on detector components including the different types technologies
• Provide an understanding of the main trends in the different segments of digital X-ray imaging with forecast on the market value and associated shipment volumes
• Give supply chain insights describing the different levels of integration and the players composing the ecosystem. Providing data of market share for the different types of X-ray detectors
• Offering technology understanding about the main innovations with associated challenges and roadmaps

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3DX-RAY, Acrorad, AGFA, ams-OSRAM, Analog Devices, Analogic, Anke, Astrophysics, BOE, Canon, CareRay, Carestream, CEA-LETI, CERN, Comet, Dectris, Dentsply Sirona, Detection Technology (Deetee), Direct Conversion, Dpix, DRTech, Dunlee, Dürr Medical, EcoRay, Elenium, Eurorad, Fiscan, Fujifilm, General Electric (GE), Gpixel, Hamamatsu, Haobo Imaging, Heska, Hitachi, Hologic, Idexx Laboratories, Imdetek, InnoCare Optoelectronics, InnoLux, Intel, iRay Technology, ISDI, KA Imaging, Kavo, Konica Minolta, Kromek, LG, MARS Bioimaging, Mediso, Micro-X, Mindfund, Mistras, MultiX, MyVet Imaging, Neusoft, Newton, Nikon, Nordson DAGE, NRT, NSI, Nuctech, NXC Imaging, OnSemi, OSI Systems, Panasonic, Philips, Planmeca, Prismatic Sensors, Rayence, Redlen Technologies, Rigaku, Saki, Samsung, Samsung Neurologica, Semikron, Sesotec, Sharp, Shimadzu, Siemens Healthineers, Smiths Detection, Sony, Teledyne Dalsa, Teledyne E2V, Teledyne ICM, Texas Instruments, Tomra, Toshiba, Tower Semiconductor, Trixell, Unicomp, Unioscan, United Imaging, Varex Imaging, Varian, Vatech, Vetel, Vieworks, Visicom, VisiConsult, Visisco, VJ Technologies, Xfab, Ximea, X-scan Imaging, Yxlon, Zeiss, Ziehm Imaging and more