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 of integration 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,