What’s Driving Growth in the Phosphor Screen Scanners Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Phosphor Screen Scanners Market, and What Factors Will Drive It?
Recently, there has been a swift surge in the phosphor screen scanners market size. The expected growth projects an increase from $1.76 billion in 2024 to $1.95 billion in 2025, showing a compound annual growth rate (CAGR) of 10.6%. The exponential growth seen within the historic period can be traced back to factors such as the widespread occurrence of dental-related diseases, elevated usage of digital imaging technology within the field of dentistry, boosted image resolution and sensitivity, the escalating need for more competent healthcare services, and advancements made in the medical diagnostics arena.
Rapid expansion is anticipated in the phosphor screen scanners market in the coming years, with the value expected to reach $2.88 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.3%. This growth trajectory in the forecasted period is driven by factors such as the escalating need for diagnostics for different medical conditions, increased spending on healthcare framework, surge in demand for superior imaging solutions, efficient health service requirements, and growing adoption of digitalisation and technology. Notable trends during the projection period include the unification of thermal and X-ray imaging, real time three-dimensional imaging, advancements in digital imaging technology, the inclusion of wireless technologies, and cutting-edge digital technologies.
What External and Internal Drivers Are Contributing to the Growth of the Phosphor Screen Scanners Market’s Growth?
The surging need for superior imaging solutions is anticipated to boost the phosphor screen scanner market’s growth in the future. Superior imaging solutions are state-of-the-art technologies and systems formulated to generate precise, clear, and detailed human body images for diagnostic, therapeutic, and monitoring objectives. The requirement for superior medical imaging solutions is on the rise owing to growing chronic disease prevalence, technological evolution, an aging demographic, and expanded healthcare facilities. Phosphor screen scanners provide superior imaging solutions by capturing comprehensive, high-definition images with outstanding contrast through a photostimulable phosphor (PSP) screen that documents the image when exposed to radiation or light. For example, in December 2022, the National Health Service, a government department based in the UK, reported that England had logged 44.0 million imaging tests in the year up until March 2022, a 26% rise compared to the 34.9 million tests undertaken the preceding year. Thus, the increasing need for superior imaging solutions is propelling the phosphor screen scanners market.
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Who Are the Top Companies Contributing to the Growth of the Phosphor Screen Scanners Market?
Major companies operating in the phosphor screen scanners market are:
• PerkinElmer Inc._x000D_
• Philips Healthcare_x000D_
• GE HealthCare_x000D_
• Henry Schein Inc._x000D_
• Konica Minolta_x000D_
How Are Technological Trends Affecting the Growth and Development of the Phosphor Screen Scanners Market?
Significant players in the phosphor screen scanners sector are putting their efforts into the creation of technologically sophisticated solutions like laser-based scanning systems to improve the precision, pace, and clarity of their scanning products. A laser-based scanning system employs laser rays to collect accurate measurements, create intricate images, or survey objects and scenarios. For instance, in March 2023, Azure Biosystems Inc., an American company that manufactures high-quality devices for capturing images, unveiled the Sapphire FL Biomolecular Imager. This cutting-edge system includes phosphor imaging attributes, allowing detection of radiolabeled samples by recording images from storage phosphor screens with exceptional sensitivity. This characteristic permits the system to perform filmless autoradiography, wherein the light released from the phosphor screen, when stimulated by a laser, is directly proportional to the radioactivity in the sample.
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Which Segments of the Phosphor Screen Scanners Market Hold the Most Potential for Future Development?
The phosphor screen scanners market covered in this report is segmented –
1) By Product Type: Desktop Phosphor Screen Scanners, Portable Phosphor Screen Scanners
2) By Application: Medical Imaging, Industrial Testing, Research Laboratories, Other Application
3) By End-User: Hospitals, Diagnostic Centers, Research Institutes, Other End Users
Subsegments:
1) By Desktop Phosphor Screen Scanners: Standard Desktop Scanners, High-Resolution Desktop Scanners
2) By Portable Phosphor Screen Scanners: Battery-Operated Portable Scanners, Compact Portable Scanners
What Are the Key Regions Powering Growth in the Phosphor Screen Scanners Market?
Asia-Pacific was the largest region in the phosphor screen scanners market in 2024. The regions covered in the phosphor screen scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Phosphor Screen Scanners Market?
Phosphor screen scanners are devices used to digitize images captured on a phosphor imaging screen, which is commonly employed in medical, scientific, and industrial imaging. These screens are coated with a phosphor material that stores energy from exposure to radiation, such as X-rays, and later emits light when stimulated by a laser.
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