by The global Phosphor Screen Scanner Market is estimated to be valued at US$ 250.0 Mn 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 imaging devices that are used to digitize images captured on phosphor screens after fluoroscopic or radiographic procedures. Phosphor screens temporarily retain the x-ray image before it fades away. Phosphor screen scanners scan these screens with a laser beam to capture a permanent digital image. The key advantages of phosphor screen scanners are their high resolution capabilities, ability to capture low dose images, and digital archiving functions. They are widely used in hospitals, clinics, and diagnostic centers for radiology and fluoroscopy procedures such as mammograms, chest x-rays, orthopedics, bone mineral densitometry etc. Growing prevalence of chronic diseases and rising healthcare expenditure is expected to drive the demand for medical imaging procedures worldwide, fueling growth of the phosphor screen scanner market over the forecast period.
Market Key Trends:
One of the key trends in the phosphor screen scanner market is the advent of wireless portable models. Manufacturers are developing portable wireless scanners that can be easily moved between rooms. Their compact size allows placement in tight spaces like operating rooms. Another important trend is the integration of artificial intelligence (AI) and machine learning capabilities. AI enables automatic recognition of scanning procedure type, enhanced imaging quality through noise reduction, and automated diagnostic reporting. It improves workflow efficiency. Furthermore, manufacturers are focusing on product innovation through customizable features to meet diverse requirements of healthcare facilities. Features such as touchscreen control panels, DICOM compatibility, multi-screen scanning, and remote access are increasingly being integrated.
Porter’s Analysis
Threat of new entrants: The specialty nature of the phosphor screen scanner market poses a moderate threat of new entrants. High R&D and manufacturing costs pose significant barriers.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the specialized applications of phosphor screen scanners in medical imaging and non-destructive testing.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as key components used in manufacturing phosphor screen scanners such as sensors and system electronics have few substitutes.
Threat of new substitutes: The threat of new substitutes is low as phosphor screen scanners provide unique capabilities for imaging plates and stimulable phosphor materials that are difficult to substitute.
Competitive rivalry: Intense competition exists among key established players.
Key Takeaways
The global Phosphor Screen Scanner Market is expected to witness high growth, exhibiting a CAGR of 3.7% over the forecast period, due to increasing adoption in medical imaging applications and growth in the non-destructive testing industry.
Regional analysis: North America is expected to dominate the global phosphor screen scanner market owing to increased healthcare spending and presence of major players in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period owing to growing medical infrastructure and increasing adoption of medical imaging modalities in countries such as China and India.
Key players operating in the phosphor screen scanner market are 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.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
