According to industry estimates, an average annual global growth is about 5% in the medical X-ray imaging market, 7% in security and around 5% in industrial segment.

Business review January-September 2018

Detection Technology expects the fourth quarter sales to grow in medical applications, but predicts a decline in sales for the security and industrial markets. There is still uncertainty in demand. According the company estimate, the X-ray imaging market will grow in 2019 at the same pace as this year, and under the circumstances, Detection Technology believes that the company’s sales will grow moderately at the beginning of year 2019.

Detection Technology’s mid-term business outlook remains unchanged. The company aims to increase sales by at least 15% per annum and to achieve an operating margin at or above 15% during the medium term.