According to industry estimates, the average growth rate is around 5% per year in the global medical X-ray imaging market, 6% in the security X-ray equipment market and around 5% in industrial X-ray imaging.

Business review January-September 2019

Detection Technology expects growth in net sales, but growth to slow down in Q4 compared to the previous year. There are uncertainties regarding demand, and the intense competition might be reflected in product prices.

In the company’s view, there have been no material changes in its business risks, and the X-ray imaging market will continue to grow according to the industry estimates in 2020.

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