The Business Research Company’s report on the Medical Radiation Detection, Monitoring & Safety Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the medical radiation detection, monitoring & safety industry?
The high prevalence of cancers is expected to propel the growth of the medical radiation detection, monitoring, and safety market going forward. Cancer is a disease condition where certain cells in the body multiply uncontrollably and spread to other parts of the body. As radiation therapy and nuclear medicine expose cancer patients to dangerous radioactive particles or radiation, medical radiation detection, monitoring, and safety equipment are used to protect the patient from harmful radiation and also detect and monitor the radiation levels. For instance, in 2023, according to the American Cancer Society Inc., a US-based non-profit health group, 1,958,310 new cancer cases are expected to be diagnosed in the US, an increase compared to more than 1,918,030 new cancer cases in 2022. Therefore, the high prevalence of cancers is driving the growth of the medical radiation detection, monitoring, and safety market.
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What is the estimated market size of the medical radiation detection, monitoring & safety sector by 2029, based on current forecasts?
The medical radiation detection, monitoring & safety market size has grown strongly in recent years. It will grow from $2.02 billion in 2024 to $2.2 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to regulatory compliance, radiation therapy growth, nuclear medicine expansion, patient safety, emergency preparedness.
The medical radiation detection, monitoring & safety market size is expected to see rapid growth in the next few years. It will grow to $3.23 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to personalized radiationTherapy, diagnostic radiology, worker safety, patient safety, radiation dose reduction. Major trends in the forecast period include x-ray and imaging advancements, continuous technological innovation, advanced imaging techniques, artificial intelligence (ai)-enhanced radiation monitoring, dosimetry advances.
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Who are the top players in the medical radiation detection, monitoring & safety market?
Major companies operating in the medical radiation detection, monitoring & safety market include Fortive Corp., Mirion Technologies Inc., Thermo Fisher Scientific Inc., Ludlum Measurements Inc., Radiation Detection Company (RDC) Inc., Atomtex, Ion Beam Applications SA, Scionix Holland B.V., RadComm Systems, Micron Semiconductor Ltd, Bar-ray Products Inc., Bertin Technologies SAS, Centronic Ltd., Fluke Biomedical, Burlington Medical, AliMed Inc., Polimaster Ltd., AmRay Group, Infab LLC, Arrow-Tech Inc., SE International Inc., Nucleonix Systems, Alpha Spectra Inc., LND Inc., Trivitron Healthcare Pvt. Ltd., Lite Tech Industries LLC, BLOXR Solutions LLC, Sun Nuclear Corporation, Biodex Medical Systems Inc., PTW Freiburg GmbH
What are the major trends in the medical radiation detection, monitoring & safety market?
Major companies operating in the medical radiation detection, monitoring and safety market are developing technologically advanced products, such as real time radiation monitoring devices, to provide immediate detection of radiation exposure. Real-time radiation monitoring devices are instruments that continuously measure and display radiation levels in an environment, providing instant feedback to detect potential exposure to harmful ionizing radiation. For instance, in June 2024, Thermo Fisher Scientific, a US-based biotechnology company, launched the NetDose Pro digital dosimeter. This compact instrument is designed to monitor radiation exposure for personnel across various industries, such as healthcare, helping companies comply with strict regulatory standards. It continuously measures radiation levels and securely transmits data to a personal mobile app or a web-based interface, ensuring the safety of both personal and customer information. Using Bluetooth 5.0 wireless technology, the dosimeter connects to a gateway data router or the NetDose mobile app, allowing users to track radiation levels in real-time, generate reports, assign devices to wearers, and manage the entire dosimetry system efficiently.
Which geography holds the highest medical radiation detection, monitoring & safety market share?
North America will be the largest region in the medical radiation detection, monitoring, and safety market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical radiation detection, monitoring & safety market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the medical radiation detection, monitoring & safety market?
The medical radiation detection, monitoring & safety market covered in this report is segmented –
1) By Medical Radiation Detection and Monitoring Product: Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors, Radioactive Material Monitors, Other Medical Radiation Detection and Monitoring Product
2) By Safety: Full-body Protection, Face Protection, Hand Safety, Other Medical Radiation Safety Products
3) By Detector Type: Gas-Filled Detectors, Scintillators, Solid-State Detectors
4) By End User: Hospitals, Non-Hospitals
Subsegments:
1) By Personal Dosimeters: Thermoluminescent Dosimeters (TLD), Electronic Personal Dosimeters (EPD), Film Badge Dosimeters
2) By Area Process Monitors: Continuous Area Radiation Monitors, Portable Area Radiation Monitors
3) By Environmental Radiation Monitors: Ambient Radiation Monitors, Fixed Environmental Radiation Monitors
4) By Surface Contamination Monitors: Handheld Surface Contamination Monitors, Fixed Surface Contamination Monitors
5) By Radioactive Material Monitors: Radiation Portal Monitors, Transportable Radiation Monitors
6) By Other Medical Radiation Detection And Monitoring Products: Spectroscopic Radiation Detectors, Alarm Systems For Radiation Detection
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How is the medical radiation detection, monitoring & safety market defined, and what are its core characteristics?
Medical radiation detection, monitoring, and safety equipment are designed for detecting and monitoring the intensity of radiation and also protecting the users from the harmful effects of radiation. The medical radiation detection, monitoring, and safety equipment are used for radiation monitoring and detection during medical procedures.
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