The global Medical Radiation Detection, Monitoring, and Safety Market is forecasted to be worth USD 1,339.4 Million by 2027, according to a current analysis by Emergen Research. The market is expected to grow due to the rising number of cancer-related incidence. The increasing usage of radiation therapy and nuclear medicine for diagnosis and treatment will drive the demand for the market.
Another driving factor is the growth in diagnostic imaging centers and a surge in the number of people covered under insurance. The usage of advanced technologies through RD affects the market positively. Medical radiation is related to several health complications. The government is supporting the initiatives taken to find a solution to the problems regarding radiation. The growing awareness among the people across the globe is also a driving factor in the market. The adverse effects of these devices on human involvement in the healthcare industry is creating a demand for safety devices.
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Some Key Highlights from the Report
In May 2019, Kromek launched D3S PRD personal radiation detector. It is a high-speed SPRD (spectroscopic radiation detector) or PRD replacement that is a cost-effective radiation detection device that puts a very powerful and sensitive radiation detector into the hands of first-line users.
Personal dosimetry is a part of radiation dosimetry. It is used to determine doses to individuals who are exposed to radiation-related to their working environment. The dosimetry techniques vary and depend partly on the source of radiation outside the body or taken into the body. It is also used to measure external radiation exposure.
The gas-filled detectors segment is expected to grow with the fastest CAGR due to the favorable performance-to-cost ratio of the gas-filled detectors along with the growing usage of the medical imaging field, which is propelling the demand for the segment.
The proliferation of cancer patients in the special clinics and research institutes will drive the demand for the Clinics application segment. These clinics are installing the latest machines to provide sophisticated and safe procedures for the patients. The segment is expected to grow with the fastest CAGR during the forecast years.
North America held the largest share owing to the existence of favorable regulations and technological advancements. Moreover, high demand from the United States will also impact the market positively.
Key participants include Mirion Technologies, Inc., Sun Nuclear Corporation, Thermo Fisher Scientific, Fortive Corporation, Bertin Instruments, Polimaster, Inc., Biodex Medical Systems, Inc., Amray Group, PTW Freiburg GmBH, Infab Corporation, among others.
For the purpose of this report, Emergen Research has segmented into the global Medical Radiation Detection, Monitoring and Safety Market on the product, detectors, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Personal Dosimeters
- Passive Dosimeters
- Active Dosimeters
- Area Process Monitors
- Environment Radiation Monitors
- Surface Contamination Monitors
- Radioactive Material Monitors
- Other Medical Radiation Detection and Monitoring Products
Detectors Outlook (Revenue, USD Billion; 2017-2027)
- Gas-Filled Detectors
- GM Counters
- Ionization Chambers
- Proportional Counters
- Scintillators
- Inorganic Scintillators
- Organic Scintillators
- Solid-State Detectors
- Semiconductor Detectors
- Diamond Detectors
Application Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
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Regional Analysis of the Medical Radiation Detection Monitoring And Safety Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Unfolding the prime factors prompting growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Medical Radiation Detection Monitoring And Safety market into a broad product spectrum.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
The report strives to present the reader with deep insights of the market that can assist them in making fruitful business decisions and strategic investment plans. It highlights the lucrative investment opportunities and growth prospects to help key companies and new entrants capitalize on the emerging opportunities and gain a robust footing in the market.
The report further segments the market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the forecast period.
Key Objectives of the Report:
Analysis and estimation of the Medical Radiation Detection Monitoring And Safety market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Medical Radiation Detection Monitoring And Safety market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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