Phosphor Screen Scanner Market is Estimated To Witness High Growth Owing To Trends in Medical Imaging

Phosphor Screen Scanner Market


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 used to digitize radiographic images such as X-Rays and compare them digitally. They help in producing high resolution digital images for improved diagnosis. The digitized images can then be stored, shared over networks and analyzed using various medical imaging software.

Market key trends:
One of the key trends driving growth in this market is the increasing adoption of digital radiography systems. With the shift from traditional film-based to digital X-Ray systems, the demand for phosphor screen scanners is growing. Digital radiology provides improved image quality, enables fast and easy storage and retrieval of images and eliminates chemical processing steps of conventional radiography. It also allows for better diagnostics through advanced post-processing of images. This trend towards digitization of medical imaging is expected to significantly drive the demand for phosphor screen scanners over the forecast period.

Porter’s Analysis
Threat of new entrants: The threat of new entrants in the phosphor screen scanner market is low as the market requires high initial capital investments and presence of established players with significant market shares.

Bargaining power of buyers: The bargaining power of buyers is low as there are no substitute products available in the market.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw materials.

Threat of new substitutes: There is no threat from substitutes as phosphor screen scanners have unique features like high resolution, contactless operation, and ability to scan large screen sizes.

Competitive rivalry: The competitive rivalry is high due to presence of many global and regional players competing on the basis of product innovations and pricing.

SWOT Analysis
Strength: Phosphor screen scanners offer non-destructive high resolution scanning and easy handling. They have wide applications in medical diagnostics, scientific research and industrial inspections.
Weakness: High capital investments required for R&D and manufacturing of scanners. Dependency on few suppliers for key components increases production costs.
Opportunity: Growing applications of phosphor screens in medical sector presents significant growth opportunities. Increasing government focus on preventive healthcare in emerging countries boosts market expansion.
Threats: Substitute technologies like digital radiography poses competitive threats. Economic slowdowns impact healthcare modernization adversely.

Key Takeaways
Global Phosphor Screen Scanner Market Size is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing adoption in medical diagnostics. The North America phosphor screen scanner market is currently the largest with a share of over 35% in 2023. In terms of growth, Asia Pacific region is expected to be the fastest growing market due to rising healthcare infrastructure development.

Regional analysis Regional analysis of the phosphor screen scanner market showed that Asia Pacific region is expected to witness fastest growth during the forecast period owing to increasing presence of key players and growing healthcare infrastructure development in emerging economies like China and India.

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. 

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