Portable information device for monitoring radioactive gas radon - radon testing concept image against a cracked wall.
Overview and Scope
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.
Sizing and Forecast
The medical radiation detection, monitoring & safety market size has grown strongly in recent years. It will grow from <b>$1.88 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. </b> 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 strong growth in the next few years. It will grow to <b>$2.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. </b> The growth in the forecast period can be attributed to personalized radiation therapy, 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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Segmentation & Regional Insights
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
<b>North America</b> will be the largest region in the medical radiation detection, monitoring, and safety market in 2023. <b>Asia-Pacific</b> 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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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the medical radiation detection, monitoring & safety market include <b> 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 </b>
The medical radiation detection, monitoring & safety market report table of contents includes:
1. Executive Summary
2. Medical Radiation Detection, Monitoring & Safety Market Characteristics
3. Medical Radiation Detection, Monitoring & Safety Market Trends And Strategies
4. Medical Radiation Detection, Monitoring & Safety Market – Macro Economic Scenario
5. Global Medical Radiation Detection, Monitoring & Safety Market Size and Growth
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26. South America Medical Radiation Detection, Monitoring & Safety Market
27. Brazil Medical Radiation Detection, Monitoring & Safety Market
28. Middle East Medical Radiation Detection, Monitoring & Safety Market
29. Africa Medical Radiation Detection, Monitoring & Safety Market
30. Medical Radiation Detection, Monitoring & Safety Market Competitive Landscape And Company Profiles
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