What InnoCare Optoelectronics does

InnoCare Optoelectronics Corporation (TWSE: 6861) is a Taiwan-headquartered designer and manufacturer of X-ray flat panel detectors (FPDs), spun off from Innolux Optoelectronics (群創光電) in April 2019, with Innolux retaining a 48.56% ownership stake. The company is built on thin-film transistor (TFT) manufacturing expertise inherited from Innolux, extended into photodiode (PD) and scintillator integration. Its core technology stack combines TFT-PD substrates — in a-Si, IGZO, and LTPS variants on glass or flexible substrates — with Cesium Iodide (CsI) direct vapor deposition and Gadolinium Oxysulfide (GOS) scintillators, yielding a vertically integrated component-to-system capability that competitors must assemble across multiple vendors.

The product portfolio spans human medical detectors (F14C flexible wireless, V14/V17 glass wireless and wired series, a 14-inch dual-energy detector co-developed with KA Imaging), veterinary systems (MIX V14/V17 plus the iVet detector, Vet Xresta imaging software, and the Veticle cloud platform with AI-assisted diagnosis), and industrial non-destructive testing (NDT) systems (Cheetah EVO, Cougar EVO, CBCT AXI, FF20/FF35/FF85 CT, UX20, and online food/golf-ball AXI/AOI). The company sells via a direct sales force with regional offices in Taiwan, China (Ningbo), Japan, the Netherlands, and the United States, combined with an OEM/ODM channel serving global medical device OEMs. B2B pricing is quote-based and not publicly disclosed; revenue is recognized predominantly as hardware sales of detectors, modules, and industrial inspection equipment.

Commercially, the company is positioned as a global leader in integrated X-ray TFT-PD detector manufacturing, supported by 72 granted patents across the US, Taiwan, China, Japan, Europe, and Korea, plus 23 trademarks. Regulatory clearance is broad: FDA 510(k), CE Mark, TFDA, ISO 13485, ISO 9001, ISO 14001, ISO 45001, and ISO 27001. Financial momentum is evident in 2024 EPS of NTD 3.75 (a record high since establishment) and 2025 Q1–Q3 EPS of NTD 3.84 (a three-year high), with cumulative 2025 revenue through November of NTD 2.077 billion, up 16.34% year-over-year.

Name

InnoCare Optoelectronics

Legal name

InnoCare Optoelectronics Corporation

Website

https://innocare-x.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

InnoCare Optoelectronics designs and manufactures X-ray flat panel detectors for human medical, veterinary, and industrial inspection markets, selling directly and via OEM/ODM partnerships globally from its Taiwan base.

Ownership category

akta.pro rank

Product category

X-ray Flat Panel Detectors and Medical Imaging Components

NAICS

Irradiation Apparatus Manufacturing (334517), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Other Measuring and Controlling Device Manufacturing (334519)

SIC

X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Electromedical & Electrotherapeutic Apparatus (3845), Industrial Instruments For Measurement, Display, And Control (3823), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

X-ray & Fluoroscopy Systems (HLAHABAA)

akta.pro secondary industries

Optoelectronic Receivers & Transceivers (Photodetectors/Optical Modules) (HDAHALAM), Optical & Light Sensors (Photodiodes/ALS/Color/UV) (HDAHALAE), Imaging Equipment & Accessories (X-ray, Ultrasound, Endoscopy) (HLAMAFAC), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

Keywords

• X-ray flat panel detectors
• Medical imaging equipment
• Veterinary X-ray systems
• Industrial non-destructive testing
• TFT photodiode sensors

Headquarters

HQ city

Tainan

HQ country

Taiwan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. X-ray Flat Panel Detector Sales: Sale of complete X-ray flat panel detectors including TFT-PD modules and assembled products for medical, veterinary, and industrial applications
2. TFT-PD and Scintillator Components: Sale of TFT light-sensing substrates and scintillator components to other manufacturers; includes custom and standard product offerings
3. OEM/ODM Manufacturing Services: Design and manufacturing services for medical device OEMs; provides complete design and manufacturing for X-ray digital flat panel sensors
4. Industrial Inspection Equipment: Non-destructive testing equipment including AXI systems for food inspection, semiconductor inspection, and industrial quality control

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

InnoCare Optoelectronics designs, manufactures, and sells X-ray flat panel detectors based on proprietary Thin Film Transistor Photodiode (TFT-PD) technology integrated with cesium iodide (CsI) and gadolinium oxysulfide (GOS) scintillators. Its offerings include medical, veterinary, and dual-energy digital detectors, industrial non-destructive inspection (AXI/CT) systems, TFT sensor substrates and modules sold to other manufacturers, and OEM/ODM manufacturing services for global medical device companies, supported by companion imaging software (Vet Xresta) and the Veticle veterinary cloud platform with AI-assisted diagnostics.

Product overview

InnoCare Optoelectronics is a global leader in X-ray flat panel detector technology, offering an integrated portfolio spanning components, assembled detectors, and complete systems. The core product line includes wireless and wired digital flat panel detectors (F14C, V14, V17 series, MIX V14/V17) for human medical, veterinary, and dual-energy applications, built on proprietary TFT-PD (Thin Film Transistor Photodiode) technology with scintillator integration (CsI/GOS). The company also provides industrial non-destructive inspection solutions including CBCT AXI, CT systems (FF20/FF35/FF85 CT), AXI and AOI systems for food and manufacturing quality control. Veterinary solutions include the iVet detector, Vet Xresta imaging software, and Veticle cloud platform with AI capabilities. Supporting components include TFT sensor substrates (a-Si, IGZO, LTPS), sensor modules, scintillators, and accessories.

Differentiator

Problem solved

Functional benefit

Brands

• Veticle: Veterinary cloud platform for image management and case knowledge sharing among veterinarians.

Products and services

• F14C Wireless X-ray Detector 14-inch wireless X-ray digital flat panel detector for human medical applications, featuring flexible substrate technology for portable use.
• V14 Wireless X-ray Detector 14-inch wireless X-ray digital flat panel detector for human medical applications using glass substrate.
• V17 Wireless X-ray Detector 17-inch wireless X-ray digital flat panel detector for human medical applications.
• V17 Wired X-ray Detector 17-inch wired X-ray digital flat panel detector for human medical applications.
• MIX V14 Veterinary X-ray Detector 14-inch X-ray digital flat panel detector designed for veterinary applications.
• MIX V17 Veterinary X-ray Detector 17-inch X-ray digital flat panel detector for veterinary applications.
• Reveal Dual Energy 14-inch Wireless X-ray Detector High-end dual-energy wireless X-ray detector enabling single-shot bone and tissue separation imaging, distributed in Taiwan via partnership with KA Imaging.
• Snow Mountain Dynamic X-ray Flat Panel Detector Dynamic X-ray flat panel detector built on IGZO TFT and flexible substrate technology for capturing moving X-ray sequences in clinical applications.
• iVet Digital X-ray Detector Animal-specific digital X-ray detector for veterinary clinics and animal medical practitioners.
• Vet Xresta Imaging Software Veterinary-specific X-ray image acquisition software for clinical use in animal hospitals and clinics.
• Veticle Veterinary Cloud Platform Cloud-based platform for veterinary practitioners providing communication, case management, and AI-assisted diagnosis capabilities across veterinary practices.
• CBCT AXI System Cone Beam CT automated X-ray inspection (AXI) system for semiconductor and advanced packaging applications.
• Cheetah EVO Industrial X-ray Inspection System Industrial X-ray inspection system designed for semiconductor manufacturing applications.
• Cougar EVO Industrial X-ray Inspection System Industrial X-ray inspection system designed for semiconductor manufacturing applications.
• FF20 CT Industrial Inspection System Industrial CT system for semiconductor and advanced packaging inspection.
• FF35 CT Industrial Inspection System Industrial CT system for semiconductor and advanced packaging inspection.
• FF85 CT Industrial Inspection System Industrial CT system for industry applications including food, semiconductors, and advanced packaging inspection.
• UX20 Industrial X-ray Inspection System Industrial X-ray inspection system for industry applications.
• Online Food AXI System Online automated X-ray inspection system for food safety and quality control applications.
• Online Golf Ball AXI System Automated X-ray inspection system for golf ball quality control.
• Online Golf Ball AOI System Automated optical inspection system for golf ball quality control.
• TFT X-ray Sensor Substrate Thin-film transistor photodiode substrates for X-ray detection, available in a-Si, IGZO, and LTPS technologies on glass or flexible substrates; sold to other manufacturers.
• TFT X-ray Sensor Module Complete TFT X-ray sensor modules combining photodiode substrates with CsI or GOS scintillators for OEM integration.
• CsI and GOS Scintillators X-ray to visible light conversion materials including Cesium Iodide (CsI) and gadolinium oxysulfide (GOS) scintillators, including direct-deposition CsI technology.
• X-ray Detector Accessories Power and network magnetic cables, battery charging stations, and batteries sold alongside InnoCare X-ray detector systems.

Quantifiable outcome

• 2024 EPS reached NTD 3.75, a record high since establishment
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Taiwan College of Veterinary Surgeons (TCVS)minorStrategic or Co-development Partner · 8 June 2024Partnership at TCVS veterinary surgery specialty symposium for animal medical solution launch. InnoCare introduced complete animal medical solutions including iVet digital X-ray detector, Vet Xresta imaging software, and Veticle veterinary cloud platform.
• National Pingtung University of Science and Technology (國立屏東科技大學)coreStrategic or Co-development Partner · 7 November 2023Three-year industry-academia cooperation for veterinary AI medical imaging analysis model development. Established veterinary AI imaging database with over 15,000 animal X-ray images. Jointly developed Veticle veterinary image cloud platform for clinical case knowledge management.
• National Cheng Kung University Hospital (國立成功大學醫院)coreStrategic or Co-development Partner · 1 January 2022Collaboration on lung cancer early screening X-ray mobile program. Partnership in Yunkeinan 10,000 people X-ray early lung cancer screening activity. Ongoing mobile X-ray screening van program for early lung cancer detection in remote areas.
• Taipei Medical University (北醫)minorStrategic or Co-development Partner · 1 January 2022Joint development of X-ray lung screening AI prediction model with 600 samples for enhanced diagnostic capabilities.
• International Rotary Club (國際扶輪)minorGTM or Marketing Partner · 1 January 2022Collaboration on X-ray screening services for remote and underserved areas, supporting medical accessibility initiatives.
• KA ImagingcoreStrategic or Co-development Partner · 1 October 2021Partnership for Dual Energy Detector (Reveal) development and distribution in Taiwan market. Received TFDA certification for Reveal 35C in October 2021. The product enables simultaneous acquisition of 3 images in one single shot, improving visualization of bone and tissue.
• Innolux (群創光電)coreStrategic or Co-development Partner · 1 January 2019Founding shareholder and parent company. Innolux is a global TFT-LCD manufacturer providing the technological foundation for InnoCare's thin-film transistor photodiode manufacturing capabilities. Nearly 20 years of TFT technology expertise transferred to InnoCare.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• KA Imaging: KA Imaging is a Canadian dual-energy X-ray detector innovator that partners with InnoCare for Taiwan distribution of its Reveal 35C product. Emerging in the dual-energy niche, complementary partner/peer for high-end medical imaging.

Direct peers

• Varex Imaging: Varex Imaging is the global market leader in X-ray flat panel detectors and imaging components, offering a-Si, IGZO, and CMOS detectors for medical, dental, veterinary, and industrial applications. It is the most direct competitor to InnoCare in medical and industrial X-ray FPDs.
• Vieworks: Vieworks is a Korean manufacturer of digital X-ray detectors (VIVIX series) for medical, veterinary, and industrial NDT applications. Comparable scope of detector portfolio and customer segments, and competes in Asian OEMs alongside InnoCare.
• Detection Technology: Detection Technology is a Finnish manufacturer of X-ray detector modules and sub-assemblies for medical, security, and industrial applications. Comparable in scintillator-based X-ray detector components, supplying OEMs globally.
• Hamamatsu Photonics: Hamamatsu Photonics is a Japanese photonics company producing X-ray sensors, scintillators, and detector modules used in medical and industrial imaging. Overlap with InnoCare's TFT-PD substrate and scintillator component business.
• iRay Technology: iRay Technology is a Shanghai-based X-ray flat panel detector manufacturer competing with InnoCare in medical, veterinary, and industrial markets with a-Si and IGZO panels. Directly comparable in product line and target customers.
• Thales (Trixell): Thales's Trixell subsidiary (joint with Philips and Siemens) is a leading X-ray flat panel detector manufacturer focused on a-Si IGZO panels for medical imaging systems. Direct competitor in the medical FPD market, particularly for premium OEM accounts.

Broad incumbents

• Fujifilm (Fujifilm Healthcare): Fujifilm offers digital radiography systems including FDR detectors and D-EVO panels, competing with InnoCare in medical X-ray, often as part of complete imaging rooms. Broader portfolio across DR, endoscopy, and healthcare IT.
• Carestream Health: Carestream Health manufactures digital X-ray detectors and imaging systems for medical and veterinary markets (DRX series). Its detector portfolio directly competes with InnoCare's wireless detector product line.
• Canon (CXDI detectors): Canon's CXDI series of wireless digital X-ray detectors competes directly with InnoCare's V and F series panels in hospitals and clinics. Canon is a broad incumbent in medical imaging (DR, CT, MRI) and sells detectors as part of its wider portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC_gnfuGGzlF_5Xnev5tZeKA
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/innocare-optoelectronics
• Instagraminstagram.com/innocaregogreen/?next=%2F

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InnoCare Optoelectronics