Rayence
Rayence is a South Korean KOSDAQ-listed manufacturer of digital X-ray detectors serving medical, dental, industrial (semiconductor AXI/EV battery NDT), and veterinary end markets through in-house CMOS and TFT panel technology.
- Company typePublic
- Founded2011
- HeadquartersJangan, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Rayence firmographics
Firmographics- Name
- Rayence
- Legal name
- Rayence Co., Ltd.
- Website
- https://rayence.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Rayence is a South Korean KOSDAQ-listed manufacturer of digital X-ray detectors serving medical, dental, industrial (semiconductor AXI/EV battery NDT), and veterinary end markets through in-house CMOS and TFT panel technology.
- Ownership category
- akta.pro rank
Rayence industry classification
Industry- Product category
- Medical Imaging Equipment (Digital X-ray Detectors)
- NAICS
- Irradiation Apparatus Manufacturing (334517), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Surgical and Medical Instrument Manufacturing (339112)
- SIC
- X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Surgical & Medical Instruments & Apparatus (3841), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- X-ray & Fluoroscopy Systems (HLAHABAA)
- akta.pro secondary industries
- Imaging Equipment & Accessories (X-ray, Ultrasound, Endoscopy) (HLAMAFAC), Radiation Detection Instruments & Systems (Portal monitors, spectrometers, contamination monitors) (EUAKAIAK), Industrial Radiography & NDT Services (Gamma radiography, source handling, field inspection) (EUAKAIAF)
Keywords
Where Rayence is headquartered
LocationHeadquarters
- HQ city
- Jangan
- HQ country
- South Korea
- HQ region
- Asia
Offices2 records
Markets served
Rayence business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- X-ray Detector Hardware Sales: Rayence generates the majority of its revenue from selling digital X-ray detectors (CMOS and TFT flat panel detectors) across medical, dental, veterinary, and industrial applications. Revenue is driven by product volume to inspection equipment manufacturers, dental/medical facilities, and industrial clients globally. The company has established long-term supply partnerships with leading global AXI equipment companies. Industrial detector revenue is expected to remain stable with Q1 focus.
- Animal/Veterinary Medical Devices: Revenue from subsidiary Woorien's veterinary imaging solutions including detectors, DR packages, and software (Woorien PMS). Woorien exports animal dental CT to Europe, contributing 19% YoY growth in animal medical device sales.
- Software Licenses: Sales of specialized software including Xmaru Pro (medical imaging), Xmaru NDT (industrial NDT), VetView Pro, VXV Console, and EzDent Vet (veterinary dental). Software provides image acquisition, processing, and PACS functionality bundled with detector hardware or sold separately.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | No publicly listed pricing tiers available |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Rayence product offering
Product offeringCore offering
Rayence designs, develops, and manufactures digital X-ray detectors based on proprietary CMOS and TFT flat panel technologies with in-house CsI scintillator production. Its portfolio spans medical general radiography, dental (panorama, cephalo, CBCT, intraoral sensors), industrial (semiconductor AXI and 3D CT inspection, die-casting NDT), and veterinary applications, complemented by specialized imaging and PACS software (Xmaru, VXV, Woorien PMS).
Product overview
Rayence is a digital X-ray detector manufacturer offering a comprehensive portfolio spanning Medical, Dental, Industrial, and Veterinary applications. The company's core offerings include TFT flat panel detectors (WCE Series, GreenON brand for low-dose imaging), CMOS detectors (MIDAS 2121 for industrial AXI, Flash Series for semiconductor inspection), and intra-oral sensors (HDI, IOS series). Supporting software includes Xmaru Pro (medical imaging with AI-aided diagnostics), Xmaru PACS (medical image management), Xmaru NDT (industrial NDT), VetView Pro/VXV PACS (veterinary imaging systems), and Woorien PMS (veterinary hospital management). The company pioneered CMOS X-ray detector technology in Korea and holds world-class product certifications for both current and next-generation categories.
Differentiator
Problem solved
Functional benefit
Brands
- GreenON: Low-dose X-ray detector brand featuring Green ON technology that reduces radiation exposure by up to 40% compared to previous generations
- MIDAS
- WCE Series
- xmaru
Products and services
- WCE Series Medical Detector Third-generation wireless medical X-ray flat panel detector with up to 16-hour battery life, MIL-STD-810G durability, and IP67 waterproof rating. Available in High Sensitivity, High Resolution, and Glass Free variants. Used by hospitals, clinics, and medical imaging equipment manufacturers for general radiography.
- MIDAS 2121 Industrial Detector World's largest 12-inch wafer-scale CMOS premium dynamic detector for industrial AXI and 3D CT inspection. Features 90µm pixel pitch, up to 30fps frame rate, and ADC on chip for noise reduction. Used by EV battery inspection and semiconductor equipment manufacturers.
- Flash Series Industrial Detector High-speed CMOS X-ray detector platform for semiconductor AXI and 3D X-ray CT inspection. Features 49.5µm pixel size, up to 70fps frame rate, and X-ray robustness up to 20,000 Gy for AI chip and HBM manufacturing inspection. Used by leading global AXI equipment manufacturers.
- GreenON Low-Dose Medical Detector Low-dose medical X-ray detector brand featuring proprietary technology that reduces patient radiation exposure by up to 40% compared to previous generations. Increases DQE by up to 80% and SNR by up to 25%. Includes wireless models with OLED status display. Used by hospitals and clinics.
- Green ON F-Series C-arm/RF Detector C-arm/RF fluoroscopy detector with Super IGZO TFT technology. Features 50% dose reduction vs first generation, up to 29fps frame rate, and multipixel technology for resolution/SNR flexibility. Used in surgical and fluoroscopic imaging applications.
- 2430TCA Mammography Detector Digital mammography detector with IGZO TFT technology, 74µm pixel pitch, and Smart AEC control providing 60% wider AEC area than competitors. Used in breast cancer screening applications.
- 1717SCC/SGC Large-Area TFT Detector Large area (17x17 inch) TFT flat panel detector with 127µm pixel, auto trigger technology. Suitable for general radiography and veterinary applications.
- 1417WCC/WGC Wireless TFT Detector Wireless TFT detector with ISO 4090 cassette standard size, IP66 waterproof rating, 4-hour battery life for portable and mobile medical imaging. Used by hospitals, clinics, and field imaging applications.
- IOS-U10/15/20VF/VB Veterinary Intra-oral Sensors CMOS intra-oral sensors for veterinary dental imaging. Available in 1.0, 1.5, and 2.0 sizes with waterproof IP66 rating. VF model features 14.8µm pixel pitch for high resolution. Sold under the Woorien subsidiary brand to veterinary hospitals.
- HDI-1000 Veterinary Intra-oral Sensor Veterinary intra-oral sensor with 35µm pixel pitch and 12 lp/mm resolution for high-precision dental imaging. Used by veterinary dental practices.
- HDI-2000 Dental CMOS Video Imaging Detector High-quality CMOS video imaging detector for dental applications providing premium video images. Used by dental practices for intraoral imaging.
- Xmaru Pro Medical Imaging Software Premium medical still image acquisition and processing software with AI-aided diagnostics, low-dose image processing, Clear ON de-noising engine, HDR processing, and Virtual Grid algorithm. Used by hospitals and clinics bundled with detector hardware or sold separately.
- Xmaru NDT Software Non-destructive testing image solution software for industrial X-ray inspection applications. Used by industrial NDT service providers and inspection equipment manufacturers.
- Xmaru PACS Web-based medical image storage server and Picture Archiving and Communication System for healthcare teams. Used by hospitals and clinics to store, retrieve, and share diagnostic images.
- Woorien PMS Veterinary Hospital Management Veterinary hospital integrated management solution offering PACS, CRM, revenue management, and inventory management. Includes DR packages with Anyray II portable X-ray and EzSensor 1.5 intra-oral sensors. Used by veterinary hospitals via subsidiary Woorien.
- VXV Console Veterinary Software Veterinary X-ray acquisition and console software optimized for animal imaging workflows and detector interoperability. Used by veterinary hospitals and animal imaging centers.
- VXV PACS Veterinary Imaging System Web-based veterinary image information system providing anywhere access to diagnostic images with measurement tools (VHS, Norberg Angle, Q-Angle, Clock Face) and multi-language support (18 languages). Used by veterinary hospitals globally.
- Ez Dent Vet Software Veterinary dental imaging solution software with dedicated animal dental interface, DICOM compliance, intuitive workflow, and report functions supporting 11 languages. Used by veterinary dental practices.
Quantifiable outcome
- Up to 40% dose reduction with GreenON technology compared to previous generation detectors
- +8 more outcomes
Companies that use Rayence
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Rayence technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature11 records
Rayence partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Yonsei University (Professor Chae Young-chul)coreJoint research partnership with Yonsei University's electrical and electronic engineering department for developing SPAD (Single Photon Avalanche Diode) X-ray sensor technology. The partnership began in 2021 and has produced world-first results including wafer-scale SPAD X-ray sensors and SPAD-GS technology with 116 dB dynamic range. Research conducted under the government's medical device support project.
- RistemcoreJoint research and development partner alongside Yonsei University for SPAD-GS technology and next-generation 3D detector development. Ristem is collaborating with Rayence and Yonsei University to prepare for mass production of next-generation detectors and medical device systems.
- Vatech NetworkscoreRayence is a member of the Vatech Networks group of companies, which includes Vatech (dental imaging), Vatech mcis, Ewoosoft, Vatech eng, and Woorien (veterinary). Vatech Networks provides shared infrastructure including headquarters facilities, and Rayence leverages Vatech's global distribution network and corporate systems. The relationship is a core subsidiary/partnership within the Vatech family.
- WooriencoreWoorien is a subsidiary of Rayence providing veterinary medical devices and solutions. Woorien develops and manufactures animal-specific detectors, DR packages, portable X-ray systems, and practice management software (Woorien PMS). Products are sold under the Woorien brand while leveraging Rayence's detector technology. Woorien exported animal dental CT to Europe in 2023.
- Leading global AXI equipment companiescoreLong-term partnerships established with leading global automated X-ray inspection (AXI) equipment companies. Rayence supplies its Flash Series and other CMOS detectors to these partners for integration into semiconductor inspection systems. Stable industrial detector revenue expected in Q1 from these partnerships.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Rayence competitors and assessment
Company assessmentDirect peers
- Hamamatsu Photonics: Japanese manufacturer of photonic detectors including X-ray flat panel sensors for medical, scientific, and industrial applications. Competes with Rayence in detector technology and serves overlapping OEM customers.
- Detection Technology: Finnish-listed manufacturer of X-ray detector solutions and subsystems for medical, security, and industrial applications. Comparable in industrial AXI/security segments and competes in medical detector OEM supply.
- Vieworks: Korean KOSDAQ-listed manufacturer of digital X-ray detectors (TFT flat panel and CMOS) for medical, dental, veterinary, and industrial applications. Closest domestic peer with overlapping product lines and target customers.
- Varex Imaging: US-listed X-ray imaging component manufacturer producing X-ray detectors, tubes, and other components for medical, dental, and industrial applications. Most direct competitor to Rayence's medical and industrial detector portfolio.
- iRay Technology: Chinese manufacturer of digital X-ray detectors for medical, dental, veterinary, and industrial use. Direct competitor across the same four verticals, particularly aggressive in price-sensitive markets.
- DRTECH: Korean KOSDAQ-listed X-ray detector manufacturer producing flat panel detectors for medical, dental, and industrial NDT. Direct competitor with similar product breadth and technology base.
Broad incumbents
- Teledyne Technologies: Large diversified industrial conglomerate whose imaging businesses (including Teledyne DALSA and former FLIR) produce scientific and industrial imaging components. Overlaps with Rayence in industrial and machine-vision imaging detectors.
- Konica Minolta: Major medical imaging OEM producing AeroDR wireless flat panel detectors and complete digital radiography systems. Competes with Rayence as both an OEM customer and a vertically integrated supplier of detectors.
- Fujifilm: Global medical imaging OEM with a large X-ray detector and DR system business. Competes with Rayence's medical detector offerings as a vertically integrated incumbent with broader clinical workflow software.
Others
- Vatech: Korean dental and medical X-ray OEM and parent company within the Vatech Networks ecosystem. While a sister company rather than direct competitor, it shapes Rayence's distribution and corporate infrastructure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Rayence social profiles
Digital presenceRayence compliance and trust
Trust signalCompliance3 records
Rayence financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rayence leadership team
Management profileNumber of profiles
Profiles2 records
Rayence subsidiaries and ownership
Company hierarchySubsidiaries2 records
Rayence funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rayence M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rayence
What does Rayence do?
Rayence designs, develops, and manufactures digital X-ray detectors based on proprietary CMOS and TFT flat panel technologies with in-house CsI scintillator production. Its portfolio spans medical general radiography, dental (panorama, cephalo, CBCT, intraoral sensors), industrial (semiconductor AXI and 3D CT inspection, die-casting NDT), and veterinary applications, complemented by specialized imaging and PACS software (Xmaru, VXV, Woorien PMS).
Is Rayence a public or private company?
Rayence is a public company. It is classified as public and is currently operating.
When was Rayence founded?
Rayence was founded in 2011. It employs 101 to 250 people.
Where is Rayence based?
Rayence is headquartered in Jangan, South Korea, in the Asia region.
How does Rayence make money?
Three revenue lines are on record. X-ray Detector Hardware Sales are the primary driver. The others are animal/Veterinary Medical Devices and software Licenses.
Who are Rayence's main competitors?
Direct peers on record are Hamamatsu Photonics, Detection Technology, Vieworks, Varex Imaging, iRay Technology and DRTECH. Broad incumbents are Teledyne Technologies, Konica Minolta and Fujifilm. Vatech is listed as an others.
Does Rayence have an API?
No public API is recorded for Rayence.
What industry is Rayence in?
Rayence's product category is Medical Imaging Equipment (Digital X-ray Detectors). Its primary akta.pro industry code is HLAHABAA, X-ray & Fluoroscopy Systems, with a secondary code of HLAMAFAC, Imaging Equipment & Accessories (X-ray, Ultrasound, Endoscopy). Its NAICS code is 334517 and its SIC code is 3844.