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 – 2030, as highlighted in a new report published by Coherent Market Insights.
Phosphor screen scanners are medical imaging devices used for digital capture of x-ray images recorded on intensifying screens. They use a light source such as LED or laser to scan and digitally capture the latent image stored on the phosphor screen. The captured digital images can then be stored, transmitted and analyzed digitally. Phosphor screen scanners offer advantages such as speed, high resolution, less expense compared to traditional x-ray films and ability to store images digitally. They are widely used in hospitals, clinics and diagnostic centres for general radiography, mammography, fluoroscopy and dental applications.
Market key trends:
Growing demand for digital radiography and fluoroscopy in hospitals and diagnostic centres is a key factor driving growth of the global phosphor screen scanner market. Phosphor screen scanners provide digital images that can be enhanced, stored permanently and easily transmitted digitally without relying on conventional films. Additionally, transition from analogue to digital imaging modalities is another factor boosting adoption of phosphor screen scanners. Moreover, technological advancements leading to product developments such as high resolution scanners, laser based scans and smaller portable scanners are also contributing significantly to market growth over the forecast period.
Threat of new entrants: Low initial investment requirement and availability of used equipment’s in the market pose threat of new entrants in the market. However, established brands and customer loyalty acts as a barrier.
Bargaining power of buyers: Large number of players in the market increases the bargaining power of buyers. Buyers can negotiate on price and demand additional services.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute components. However, suppliers face low switching cost.
Threat of new substitutes: Technology advancements can lead to new substitutes. Hence, companies focus on innovation to sustain in the market.
Competitive rivalry: Intense competition exists among key players due to their global presence. Players focus on product quality, price and additional services to gain higher market share.
Global Phosphor Screen Scanner Market Size is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing demand for high quality medical imaging equipment’s.
Regionally, North America dominates the phosphor screen scanner market followed by Europe due to developed healthcare infrastructure and requirement for diagnosis of chronic diseases. Asia Pacific is expected to witness fastest growth due rising disposable income, growing medical tourism and increasing healthcare expenditure.
Key players operating in the phosphor screen scanner market are GIDS GmbH, Kimball Physics, Phosphor Technology Ltd, Dr. Gassler Electron Devices, Hamamatsu Photonics, K. K., Scintacor, Koninklijke Philips N.V., Stanford Computer Optics, Inc, Konica Minolta, Inc. and others. Companies focuses on new product launches and collaborations to gain competitive advantage in the market.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it