From Technologies to Markets
X-Ray Detectors for Medical, Industrial and Security Applications 2019
Sample © 2019 ABOUT THE AUTHORS Biographies & contacts
Marjorie Villien, PhD As a Technology & Market Analyst, Marjorie Villien, PhD is member of the Medical Technologies business unit at Yole Développement (Yole). She is a daily contributor to the development of these activities with a dedicated collection of market & technology reports as well as custom consulting projects. After spending two years at Harvard and prior Yole, Marjorie served as a research scientist at INSERM. Marjorie Villien graduated from Grenoble INP and holds a PhD in physics & medical imaging. Email: [email protected]
Jérôme Mouly
Jerôme Mouly serves as a Senior Technology & Market Analyst & Business Developer specialized in microtechnologies for inkjet & bioMEMS sensors. Since 2000, he has participated in more than 100 marketing and technological analyses for industrial groups, start-ups and institutes. Previously, Jerome was involved in a support action for value creation of smart miniaturized systems research projects at Yole Finance Innovation, part of Yole Développement. Jérôme holds a Master of Physics from the University of Lyon (France).
Email: [email protected]
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 2 TABLE OF CONTENTS X-ray detectors for medical, industrial and security applications
Executive Summary 13 o Major players and market shares at the system level
Context 51 Supply chain, market shares and value chain 135 o Context o Mergers and acquisitions o Scope of the report o Supply chain analysis o Historical perspective and synergies with other markets o Who works with who? per OEM o Technology landscape o Detectors manufacturers market shares by technologies o Focus on the Chinese ecosystem Market forecasts 73 o Focus on component divisions from system manufacturers o X-ray detectors market and forecasts 2018-2024 (value and units) at o Value chain analysis the system level by applications o X-ray detectors market and forecasts 2018-2024 (value and units) at Technology trends 158 the detector level by applications o Technology landscape o X-ray detectors market and forecasts 2018-2024 (value and units) at o Technology evolutions the detector level by technologies o Technologies roadmap o Technologies penetration per segments o Manufacturing process o Cost analysis o Commercial products available and future product launch o New technology trends Market trends by segments 86 o For each segment: Medical (subdivised in mammography, surgery and Conclusions 192 interventional, CT, dental),Veterinary, Industrial and Security o Market drivers o Technical requirements o Detectors market per technology 2018-2024 (value and units)
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 3 COMPANIES CITED IN THIS REPORT
200+ slides of market and technology analysis
Acteon, Adani systems, Agfa, AIV-BEX, Ajat, AMS, Analogic, Anke, Asahi, Astrophysics, AUO, Autoclear, BASF, BOE, Caeleste, Canon, Careray, Carestream, cefla, China electronics panda crystal technology, Chunghwa picture tubes, Comet Group, CSOT, Cuattro, CyXplus, Dabi Atlante, Dectris, Detection Technology, Direct Conversion, Dpix, Drtech, Dürr, Ecoray, EIA, Excelitas, Fiscan, Fujifilm, GE, GE healthcare, Gendex, Gilardoni, Gongbu HiTek, Hamamatsu, Heska, Hitachi, Hologic, Idetec, Idexx laboratories, iM3, ImageWorks, Imec, Innolux, Innomed, InterMedical, Iray, Isdi, Isorg, Italray, Joled, Kapri Corp, KavoKerr, Konica Minolta, L3 security and detection systems, Led dental, Leidos, LG, Lixi, Mars bioimaging, Medical Econet, Mediso, Minfound, MinX-ray, Mistras, Morita, MultiX, Myvet Imaging, Neusoft, Nikon, Nordson Dage, North Star Imaging, NT3, Nuctech, ON Semiconductor, OSI systems, PaloDex, Panasonic, Philips, Planmeca, Prexion, Rapiscan, Rayence, Rgenoray, Rigaku, Ritter, Safeway system, Samsung, Scanna, Sedecal, Sharp, Shimadzu, Siemens healthineers, SinoVision, Sirona, Smiths Detection, Sony, Soredex, Sound, Stephanix, Teledyne Dalsa, Thales, TNO, Todd Research, Toshiba, Towerjazz, Trixell, Unicomp, Uniqscan, United Imaging, Vanderlande, Varex, Vatech, Vetel diagnostics, VGI, Vidisco, Vieworks, Vision Systems, VJ Technologies, Westminster Inetrnational, Xfab, X-scan imaging, Zeiss, Ziehm, 3DX-ray
And many more !
Information gathered through direct discussions with players all along the supply chain
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 4 REPORT OBJECTIVES
• Provide an overview of X-ray imaging markets and technological landscapes at the system and detector levels, as well as an understanding of established and upcoming players, their technologies and their advantages/drawbacks, and how these will evolve in coming years.
• Provide market data and forecasts, along with market share at the system and detector levels by applications, including medical, veterinary, industrial and security, and technologies, including aSi, aSe, CCD, CMOS, photodiodes and IGZO, in dollar value and in unit volumes.
• Identify where the opportunities lie for the different players along the supply chain, from materials suppliers and foundries, to detectors manufacturers and system developers.
• Discuss the different technologies used today, such as aSi, aSe, CCD, CMOS, photodiodes, but also the alternatives coming to the market in the next few years, including IGZO and single photon counting and possible new technologies being tested in R&D, such as perovskites, organic materials and curved sensors.
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 5 REPORT SCOPE - APPLICATIONS
Stationary X-Ray systems Radiography Mobile X-Ray systems Mammography Equine equipment Fluoroscopy Etc. Dental X-ray CT scan Etc.
We are Medical following the Veterinary medical imaging market for years and we are now also following the veterinary, Industrial Non industrial and Destructive Security security Testing (NDT) markets
Automotive, Airport check Oil and gas Cargo security systems Energy Aerospace Pharmaceutical industry Etc. Food industry Recycling and waste sorting Etc.
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 6 X-RAY IMAGING Different waves of applications
Soon after the X-ray’s 1895 invention there was a rapid X-ray systems arrived to the agreement that it could be used security business later on, in the for medical applications. 90’s and especially in airports to X-ray screen people and baggage. imaging However, it was only in the early arrived first 20’s that X-ray images became in the medical field seen as part of routine patient but then care. spread to the Security industrial and went for the security recently due Industrial to security threats X rays were use early on to probe Medical the structure of crystals and atoms, and is has been used rapidly for industrial quality controls.
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 7 DIGITAL X-RAY DETECTORS - TECHNOLOGY LANDSCAPE Commercial status
Commercially available: • CCD, aSi, aSe, CMOS
Commercial maturity of the main Soon to be commercially available: technologies being used in X-ray • IGZO, single photon counting imaging detectors
R&D: • Organic materials, curved sensors, perovskites
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 8 X-RAY MARKET DATA AND FORECATS Some definitions
The data is expressed as follows: o In volume (units) System o In market value ($M)
Equipment Market data and forecasts covered in this report The following sections ex: 3D CBCT x-ray, CT scanner, airport X-ray system present market data and forecast Detector Detector = sensor + scintillator (if needed) + ASIC with the following terminology ex: aSi flat panel detector, CMOS Intraoral detector, CT scanner detector
Degree integration of Degree Sensor Sensor = first level packaging
ex: CMOS sensor, photodiodes
Component ©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 9 X-RAY MARKET DATA AND FORECATS Market data and forecast – X-ray detector level – By applications
The growth of the X-ray market is more striking when looking at the detector level with a CAGR2018-2024 of 5.9%. • The impressive growth of the security and industrial X-ray detector market can be explained by changes in technology (switch toward CT-scan in the security segment) or by an increased attractivity of this method in industrial NDT. • The medical X-ray market is a mature market, but new technologies are coming that could change the landscape in the next few years.
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 10 2018 – 2024 X-RAY DETECTOR MARKET BREAKDOWN BY MARKET SEGMENT
2024
33% 5% 15% 9% 8% 3% 11% 17%
$2.8B
2018
37% 6% 15% 10% 8% 2% 9% 13%
$2.0B
Static Mammography Surgery and interventional CT-scan Dental Veterinary Industrial Security
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 11 2018 – 2024 X-RAY DETECTOR MARKET REVENUE BY TECHNOLOGY
2024 $18M $62M -1% 2018 -19% $2.8B $67M $66M $2B $829M $510M +9% +13% $245M $501M
CAGR2018-2024 $236M $1,118M +5.9% +64%* +0.5% $1,085M
Legend: CCD aSe CMOS Photodiodes array aSi IGZO*
* IGZO market segment will start only in 2020 ©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 12 X-RAY IMAGING ECOSYSTEM: 2016 – 2019 MAJOR ACQUISITIONS*
* Non exhaustive list of acquisitions
Legend: acquired Medical market Security market acquired Detector players 2019 acquired 2018 2017 2016 acquired acquired
acquired
acquired acquired As new challengers are coming to the market, especially from China/Asia, historical players are expanding their portfolio through M&A… ©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 13 X-RAY TECHNOLOGY, COMMERCIAL ROADMAP
CMOS flat panels Photon Counting • Lower dose • Spectral imaging • Higher speed and resolution • High image quality
aSe IGZO Performance • Direct conversion • Better cost efficiency • Lower noise aSi flat panels • Lower cost • Higher integration CCD – Image intensifier • Improved quality • Digitalization
Time
2024 2021 2010s 1980s ©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 14 X-RAY IMAGING: CONTEXT
o Context o Historical perspective o Synergies with other markets o Technology landscape
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 15 MARKET DATA AND FORECASTS 2018-2024
o X-ray detectors market and forecasts 2018-2024 (value and units) o at the system level by applications o at the detector level by applications o at the detector level by technologies o Technologies penetration per segments o Cost analysis
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 16 MARKET TRENDS BY SEGMENTS
o For each segment: Medical (subdivided in mammography, surgery and interventional, CT, dental), Veterinary, Industrial and Security o Market drivers and technical requirements o Detectors market per technology 2018-2024 (value and units) o Market shares at the system level
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 17 SUPPLY CHAIN AND MARKET SHARES
o Mergers and acquisitions o Supply chain and value chain analysis o Who works with who? per OEM o Detectors manufacturers market shares by technologies o Focus on the Chinese ecosystem o Focus on component divisions from system manufacturers
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 18 TECHNOLOGY TRENDS
o Technology landscape and evolutions o Technologies roadmap o Manufacturing process o Commercial products available and future product launch o New technology trends
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 19 RELATED REPORTS
©2019 | X-Ray Detectors for Medical, Industrial and Security Applications | www.yole.fr | SAMPLE 20 X-RAY DETECTORS FOR MEDICAL, INDUSTRIAL AND SECURITY APPLICATIONS 2019 Market & Technology Report - May 2019 New technologies are finally arriving in the X-ray market and reshuffling the pack of players. THE X-RAY DETECTOR MARKET REACHED $2B IN 2018 DRIVEN WHAT’S NEW BY THE MEDICAL SEGMENT, ACCOUNTING FOR 75% OF THE MARKET, • The previous report about X-ray imaging also included other medical BUT THE INDUSTRIAL AND SECURITY MARKET ARE GAINING SHARES imaging technologies like PET, X-ray imaging’s first application was in the medical array detectors, which were worth $500M. Yole endoscopy, OCT, and ultrasound. area, with the first radiography being done in 1895 Développement is expecting Indium Gallium Zinc We have now decided to analyze by Wilhelm Röntgen. The discovery of X-rays Oxide (IGZO) flat panels to make a big entry into the each modality more deeply led to a revolution in medical imaging. Today market as soon as 2021 and to reach $236M in 2024. • We also enlarge the scope of the technology is gaining traction in the fields of IGZO is directly competing with aSi and CMOS, the report adding the veterinary, veterinary care, industrial non-destructive testing but CMOS is still the reference technology for industrial and security markets (NDT) and security. applications needing high resolution. However, • This report focuses on X-ray The X-ray market was worth $19B in 2018 at the the price erosion is slow with CMOS because the imaging at the system and detector system level. The medical market is by far the number of systems sold is still low in the X-ray level biggest, with $16B revenues in 2018. field and the size of the flat panels is large. The only REPORT KEY FEATURES At the detector level, the X-ray market was worth reason for price erosion is the competition with • Historical perspective and synergies $2.0B in 2018 and is expected to grow with a aSi. That explains why the price difference between with other markets Compound Annual Growth Rate from 2018-2024 CMOS and aSi is decreasing, especially for smaller • Market data and forecasts at the panels. (CAGR2018-2024) of 5.9% to reach $2.8B in 2024. system and detector level by Today, X-ray imaging is almost exclusively based This report summarizes market data and forecasts applications including medical, on solid-state sensors. Flat panel detectors using for the period 2018-2024, breaking the system veterinary, industrial and security amorphous silicon (aSi) and CMOS represent the market into segments and dividing the detector and technologies like aSi, aSe, CCD, biggest share of the market, being worth $1.3B in market by application and technology. It also covers CMOS, photodiodes and IGZO, 2018. They were followed by silicon photodiode market drivers and cost analyses. in dollar value and in unit volumes. The medical market is subdivided 2018 – 2024 X-ray detector market breakdown by market segment into static, mammography, surgery 2018 and interventional, CT and dental • Technology penetration and 37% 6% 15% 10% 8% 2% 9% 13% market trends by segment, including medical, covering static, mammography, surgery and $2.0B interventional, CT and dental, as well as veterinary, industrial and 2024 security • Supply chain analysis with market 33% 5% 15% 9% 8% 3% 11% 17% shares at the system level by segment and at the detector level by technology $2.8B • Technology landscape, evolution Static Mammography Surgery and interventional CT-scan Dental Veterinary Industrial Security and roadmaps (Yole Développement, May 2019)
IGZO AND PHOTON COUNTING TECHNOLOGIES ARE READY TO FINALLY REACH COMMERCIALIZATION, HELPED BY ECONOMIC AND TECHNICAL DRIVERS
Commercialization of IGZO flat panels for X-ray this new technology because it offers better image imaging begun last year with Rayence, iRay and quality at an affordable cost. However, ramp-up Varex presenting IGZO based products. Yole will depend on how rapidly the technology is Développement is expecting a rapid ramp-up of IGZO integrated into new products. integration in new products as the technology is Another very interesting development is single ready and the supply chain is almost ready too. photon counting for spectral imaging. With the Imaging system manufacturers are eager to use acquisition of MultiX by Detection Technology X-RAY DETECTORS FOR MEDICAL, INDUSTRIAL AND SECURITY APPLICATIONS 2019
and with Varex buying Direct Conversion AB, photon interest in single photon counting and spectral imaging counting is no longer just a promising technology. It is focused on discrimination of materials in security will soon be available in products from the biggest and industrial applications and use of targeted contrast detector manufacturers. System manufacturers’ agents in medical applications. We are also seeing a growing trend towards 2018 – 2024 X-ray detector market revenue by technology 3D imaging that translates into more computed tomography (CT) being sold into various medical, security and industrial applications. 2024 18M 62M X-ray line scan cameras are mainly used in industrial -19% -1% 2.8B 2018 and security applications. The next trend in this field