Global Medical Radiation Detection Market Analysis 2024 – Estimated Market Size And Key Drivers

The Medical Radiation Detection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Medical Radiation Detection Global Market Report 2024, The medical radiation detection market size is expected to see strong growth in the next few years. It will grow to $1.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to technological advancements in sensor technology, stricter regulatory requirements for radiation safety, increasing prevalence of cancer and chronic diseases, rising adoption of nuclear medicine and radiation therapy, and growing demand for accurate and efficient diagnostic imaging. Major trends in the forecast period include artificial intelligence integration for real-time data analysis, the development of compact and portable detection devices, enhanced radiation dose monitoring and optimization techniques, increased use of hybrid imaging technologies, and advancements in connectivity for remote monitoring and data sharing.

The rise in cancer cases is expected to propel the growth of the medical radiation detection market going forward. Cancer refers to a group of diseases characterized by abnormal cell growth with the potential to invade or spread to other parts of the body. The rise in cancer cases can be attributed to factors such as aging populations, lifestyle factors such as smoking and diet, environmental exposures such as pollution and UV radiation, genetic predisposition, and advancements in cancer detection and screening technologies. Medical radiation detection helps prevent cancer by ensuring accurate and safe exposure levels during diagnostic imaging and therapy, minimizing potential health risks to patients and healthcare providers. For instance, in July 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of cancer cases diagnosed in Australia rose from 156,781 in 2021 to 160,570 in 2022. Therefore, the rise in cancer cases is driving the growth of the medical radiation detection market.

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The medical radiation detection market covered in this report is segmented –

1) By Product: Personal Dosimeters, Area Process Dosimeters, Surface Contamination Monitors, Other Products
2) By Type: Gas Filled Detectors, Scintillators, Solid State
3) By Safety Type: Apron, Shields, Face Masks, Gloves, Full Body Protection Products, Face Protection Products, Other Safety Types
4) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Non Hospitals, Other End Users

Major companies operating in the medical radiation detection market are focused on developing advanced solutions, such as photon-counting detectors, to gain a competitive edge in the market. A photon-counting detector is a sensor that detects and counts individual photons, providing high-resolution and low-noise imaging. For instance, in March 2022, Siemens Healthineers, a Germany-based healthcare company, launched two innovative medical imaging solutions, MAGNETOM Free.Star and NAEOTOM Alpha. The MAGNETOM Free.Star built on their innovative High-V MRI Platform. This advanced scanner features the latest DryCool technology, making it nearly helium-free with an ultra-compact design that simplifies installation. Additionally, the NAEOTOM Alpha is the world’s first photon-counting CT scanner. Equipped with the groundbreaking QuantaMax detector, it delivers high-resolution images with minimal radiation exposure, provides spectral information in every scan, and enhances contrast while reducing noise levels.

The medical radiation detection market report table of contents includes:

1. Executive Summary
2. Medical Radiation Detection Market Characteristics
3. Medical Radiation Detection Market Trends And Strategies
4. Medical Radiation Detection Market – Macro Economic Scenario
5. Global Medical Radiation Detection Market Size and Growth
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32. Global Medical Radiation Detection Market Competitive Benchmarking
33. Global Medical Radiation Detection Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Radiation Detection Market
35. Medical Radiation Detection Market Future Outlook and Potential Analysis
36. Appendix

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