According to a recent market study published by Growth Market Reports, titled, “Global Photon Counter Market by Types, by Applications, by Primary Materials by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at USD 1,571.4 Million in 2021 and is expected to grow at a moderate growth rate of 7.9% by the year 2030. Growing applications of structural health monitoring (SHM) systems and increasing use of technologies such as artificial intelligence in photon counters are expected to fuel the market during the forecast period.

As per Growth Market Reports industry analyst Akash Vedpathak, “The Global Photon Counter Market is anticipated to witness significant growth during the forecast period 2022-2030. Photon counters usually contain electronics that produce a digital output pulse for each registered photon, rather than an analog signal that fluctuates. Photon-counting CT uses energy-resolving x-ray detectors, which differ significantly from traditional energy-integrating detectors, in terms of their workings. Incoming photons are counted and their energy is measured by photon-counting CT detectors. Photon counting detectors calculate each photon's energy, after passing it through the patient's body. Each X-ray material of the detector produces an electric signal based on the energy of the photon. This signal is examined, and depending on its power, it is recorded separately into the appropriate energy channel of the pixel.

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Key factors that are anticipated to fuel the demand for the global Photon Counter market during the forecast period are rising demand of photon counters in medical industries and the increasing use of technologies such as artificial intelligence in photon counters. Conversely, high-cost requirements hamper the growth of the Photon Counter market. The use of IoT to create opportunities in the market.

Supply chain management is a pivotal part of any business. A supply chain involves a series of steps to get Photon Counter materials, products, sizes, and distribution from their primary state to customers. These steps include development, engagement with customers, and delivering and supporting the Photon Counter. Entities in the supply chain include raw material suppliers, manufacturers, logistics, warehouses, finance, distributors, and customers. Raw materials required for manufacturing photon counters include steel, plastic, Cadmium Telluride (CdTe), Cadmium Zinc Telluride (CZT), silicon, and others. These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure the quality of the materials. Suppliers and distributors are mediators in the value/supply chain. They supply products to the end-users. Suppliers/ distributors of photon counters include ADIT Electron Tubes, Sub. of Ludlum Measurements Inc., Aurea Technology, Fast ComTec GmbH, Integrated Detector Electronics AS (IDEAS), and Quantar Technology Inc.

The primary, as well as secondary research methodology, is used for keen observation and study about the photon counter market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic. The photon counter market is drastically affected by the pandemic due to a disrupted supply chain, reduction in new investments, and declining medical and industrial components production in the pre-COVID-19 scenario. The spread of the disease forced businesses and economies to reduce the cost and come up with new measures to tackle and overcome the virus. Despite the slowdown of the economy, companies are managing to stabilize their operations. Many companies are investing and implementing strategies to overcome the pandemic situation and protect themselves from global risk. The photon counter is estimated to grow post-covid-19, as industrial activities, international trade, and businesses are resuming globally. The demand for photon counter in veterinary, dental, and industrial applications decreased, impacting the market negatively. Lockdowns delayed the diagnostic procedures for animals, hampering the use of X-ray imaging systems and counters.

Key Takeaways from the Study:

  • Based on types, the global photon counter market is divided into basic type, background compensation type, and radiation source compensation type. The radiation source compensation types segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.
  • On the basis of primary materials, the photon counter market is classified as cadmium telluride (CdTe), cadmium zinc telluride (CZT), and silicon (Si).
  • In terms of applications, the global market is bifurcated into medical applications and non-medical industrial applications. The medical applications segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope

Report Metric


Market Value in 2020

USD 1,571.4 Million

Market Growth Rate (from 2021 to 2028)


Historical Data

2015 to 2020

Base Year


Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

by types, by primary materials, by applications, and by region

Key Companies Profiled

Bruker, PerkinElmer In, Thorlabs, Inc., Varex Imaging, Hamamatsu Photonics K.K., PicoQuant GmbH, ID Quantique, LASER COMPONENTS, ADVACAM, Micro Photon Devices S.r.l., Photek

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, raw material suppliers, and distributors
  • Demand Side: Photon Counter Manufacturers, Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.