by The 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 medical devices used to capture images from phosphor screens and directly transferred to a digital format. Phosphor screens are used in diagnostic imaging applications such as CT scans, mammography, and X-rays. Phosphor screen scanners are easy to use, lightweight and portable. They provide high resolution images in seconds which can be easily stored, shared and analyzed electronically. Phosphor screen scanners are becoming increasingly popular in healthcare facilities as they eliminate the need for traditional film-based imaging and provide faster diagnosis.
Market Dynamics:
Increasing adoption of digital radiography systems across hospitals and diagnostic centers is a major factor driving the growth of the phosphor screen scanner market. Phosphor screen scanners provide significant advantages over traditional wet chemistry-based imaging such as reduced radiation dosage to patients, fast retrieval of images, and ability store and share images electronically. Additionally, incorporation of artificial intelligence capabilities in new generation scanners enables automated scanning and customized visual exams tailored for each patient. This significantly enhances workflow efficiency and diagnostic accuracy. Furthermore, growing geriatric population susceptible to chronic diseases is also fueling the demand for various diagnostic imaging procedures worldwide, thereby supporting the market growth over the forecast period. However, high cost of digital radiography systems and budgetary constraints in many healthcare facilities of developing nations may restrain the market to a certain extent.
Segment Analysis
The global phosphor screen scanner market is segmented based on technology into digital radiography, computed radiography, and direct radiography. Among these, the computed radiography segment is expected to dominate the market over the forecast period. Computed radiography does not require the use of photostimulable phosphor plates or cassettes that get exposed during imaging like in digital radiography. Computed radiography provides high image quality scans and is widely used across hospitals and clinics for its advantages.
Pest Analysis
Political: Governments across countries are supporting the healthcare sector through initiatives and funding for modern medical technologies like phosphor screen scanners that can improve patient outcomes.
Economic: The rising healthcare expenditures globally is driving investments in newer medical technologies. Developed economies spend a major portion of their GDP on healthcare compared to developing nations.
Social: Growing elderly population and increasing incidence of chronic diseases is raising demand for advanced medical imaging technologies like phosphor screen scanners for accurate diagnosis.
Technological: Continuous technological advancements are aiding improvements in scanner performance, image quality, dose control, mobility, and connectivity of devices. Integration of AI and data analytics is enhancing diagnostic capabilities.
Key Takeaways
Global Phosphor Screen Scanner Market Size was valued at US$ 250.0 Mn in 2023 and is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period. Factors such as rising geriatric population suffering from chronic diseases and increasing healthcare investments are expected to drive the market growth.
Geographically, North America dominated the global market in 2023 and is expected to continue its dominance during the forecast period. Presence of major players, superior healthcare infrastructure, and high adoption of advanced medical technologies in the region are some factors supporting the regional market growth.
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. Major players are focusing on new product launches, strategic collaborations, and geographic expansions to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
