by The Phosphor Screen Scanner Market is estimated to be valued at US$ 250.0 Mn or Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Phosphor screen scanners are medical imaging devices used to digitize conventional x-ray images by capturing data off phosphor screens and converting them into digital images. They provide fast, high-resolution scanning of radiographic phosphor screens without having to physically handle the screens. This eliminates the need for chemical processing of films and improves workflow efficiencies in hospitals and radiology clinics.
Market Dynamics:
Growth in geriatric population: With aging, there is a higher risk of developing chronic diseases such as cancer, cardiac disorders, and orthopedic conditions that often require diagnostic imaging procedures. According to the World Health Organization, the global population aged over 65 years is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. This is expected to significantly drive the demand for medical imaging devices including phosphor screen scanners over the forecast period.
Technological advancements: Key players in the market are focusing on developing innovative phosphor screen scanners with advanced features such as higher scanning resolution, auto calibration, Wi-Fi connectivity, touchscreen control panels, and integrated computer-aided diagnosis (CAD) software for enhanced workflow efficiencies. For instance, in 2021, General Electric launched Definium Elite digital x-ray system with high resolution Cesium Iodide (CsI) phosphor screens that can be directly scanned at resolutions up to 5,120 x 5,120 pixels without requiring film. Such innovations are nurturing the growth of the market.
Segment Analysis
The phosphor screen scanner market can be segmented into portable and fixed phosphor screen scanners. The portable segment currently dominates the market as these scanners provide flexibility of usage at different locations. Their lightweight and compact nature allows easy transportation of scanners to patient location providing on-site scanning facility.
PEST Analysis
Political: Regulatory frameworks regarding usage of medical imaging equipment impacts the demand. Favorable policies boost adoption.
Economic: Rising healthcare spending increases procurement of advanced diagnostic solutions supporting market growth. Post pandemic, economic recovery expands budget for scanner procurement.
Social: Increasing lifestyle diseases and chronic conditions drives need for effective diagnosis. Growing medical tourism augments demand.
Technological: Integration of advanced technologies like AI, ML improves image quality and workflow. Cloud connectivity and sharing capabilities gain traction.
Key Takeaways
The global Phosphor Screen Scanner Market is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing demand for enhanced imaging solutions supporting fast and accurate diagnosis.
The Asia Pacific region is projected to witness the fastest growth in the phosphor screen scanner market during the forecast period. Favorable government initiatives to modernize healthcare infrastructure along with growing medical tourism are driving the market in the region.
Key players operating in the phosphor screen scanner market include GENERAL ELECTRIC COMPANY, GIDS gmbh, Kimball Physics, Phosphor Technology Ltd, ProxiVision GmbH, Dr. Gassler Electron Devices, Hamamatsu Photonics K.K., Apixia Inc, AGFA Healthcare, Scintacor, Koninklijke Philips N.V., 3Disc, Kavo Dental, Stanford Computer Optics, Inc, Hangzhou Kinghigh Technology Co., Ltd., Durr NDT GmbH & Co. KG, Konica Minolta Business Solutions India Private Limited, Telecast Technology Corporation, NICHIA CORPORATION and Aimil Ltd. GE Healthcare dominates with wide product portfolio and global penetration.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
