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3. Varex Imaging (US) and Canon (Japan) are Leadig Players in the X-Ray Detectors Market

The global X-ray detectors market is projected to reach USD 4.2 billion by 2029 from USD 3.1 billion in 2023, at a CAGR of 5.0% from 2023 to 2029. The increasing prevalence of cancer, cardiovascular diseases, and orthopedic issues affects individuals across all age groups, from infants to the elderly, globally. These conditions require proper diagnosis, and medical professionals rely on X-ray detectors as essential tools to aid in the diagnosis process.

These competitors have utilized various strategies to increase their market share in the global x-ray detectors market, including acquisitions, agreements, partnerships, and product releases. In 2022, a higher share of the x-ray detectors market was held by Varex Imaging (US), Canon (Japan), and Thales Group (France).

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Varex Imaging (US):

Varian Imaging in its early decades, Varex Imaging Corporation is a global entity engaged in the manufacturing and sale of medical imaging products used in cargo screening and border security. The company operates manufacturing facilities worldwide, producing a range of products including X-ray detectors, medical OEM X-ray tubes, medical replacement X-ray tubes, NDT X-ray tubes, and various software solutions. To fortify its market position, Varex Imaging Corporation has pursued inorganic growth strategies through acquisitions. The company boasts enduring customer relationships and benefits from a robust geographic diversification through Varex gas. With substantial investments in research and development (R&D), Varex Imaging Corporation is committed to innovation. The establishment of state-of-the-art manufacturing facilities strategically located in key regions across the United States, such as Salt Lake City, Utah; Santa Clara, California; Las Vegas, Nevada; Liverpool, New York; and Franklin Park, Illinois, reflects its dedication to cutting-edge production.

Expanding its international presence, Varex Imaging Corporation has facilities in Dinxperlo and Heerlen, the Netherlands; Walluf and Bremen, Germany; Wuxi, China; and Calamba City, Philippines. These strategic decisions facilitate efficient and timely distribution and sales of the company's products in diverse geographical markets.

Canon Inc (Japan):

Headquartered in Tokyo, Japan, Canon is a prominent Japanese multinational corporation specializing in the manufacturing of medical equipment and imaging devices. Established in 1937 by Goro Yoshida, Saburo Uchida, and Takeo Maeda, the company has become a key player in the medical industry. Canon's medical product portfolio includes computed tomography, magnetic resonance imaging, ultrasound, X-ray, and nuclear medicine devices.

As of September 2021, Canon Inc. acquired an 87% stake in Redlen Technologies, contributing to the enhancement of its brand reputation. The company is actively engaged in forging new deals and acquisitions to strengthen its market position. Canon's extensive manufacturing operations are carried out across 29 major plants in Japan and 18 overseas facilities situated in the United States, Germany, France, the Netherlands, Taiwan, China, Malaysia, Thailand, Vietnam, and the Philippines, among other locations.

Thales Group(France):

Thomson-Houston Electric Co., established in 1893 in Philadelphia, USA, underwent a transformation in 2000 and adopted the name Thales, with its headquarters now situated in Paris, France. Operating across four key segments—Aerospace (Aeronautics and Space), Transport, Defense & Security, and Digital Identity and Security—Thales is a global player with a presence in 68 countries spanning North America, Latin America, Europe, Asia Pacific, Eurasia, the Middle East, and Africa. Within its diverse portfolio, Thales, through its Trixell division, collaborates with partners Philips Healthcare and Siemens Healthcare in a joint venture. Thales Electron Devices holds a 51% stake in this venture, which specializes in providing X-ray detectors to Original Equipment Manufacturers (OEMs). Trixell, a leading manufacturer in the field, produces X-ray flat-panel detectors tailored for various radiological imaging applications, including general radiography, fluoroscopy, and cardiovascular procedures.

In addition to its X-ray detector offerings, Thales is involved in the production of X-ray image intensifiers and comprehensive radiological imaging solutions. Noteworthy subsidiaries under the Thales umbrella include Thales USA Inc., Thales Suisse SA (Switzerland), Thales Avionics, Inc. (US), Thales Defense & Security, Inc. (US), Thales UK Ltd (UK), Thales Las France SAS (France), and Thales DMS France SAS (France).

Related Reports:

X-Ray Detectors Market by Technology (FPD (Csl, A-si, A-se, Gadox, CMOS, Fixed, Portable, Retrofit), Line scan, CCD, CR), Application (Medical (Ortho, mammography, oncology, Chest, fluoroscopy, CVD, surg), Vet, Defence) - Global Forecast to 2029

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