The Medical Radiation Detection Market is expected to reach the US $1,215.4 million, at a CAGR of 6.5%.
Increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, the growing incidence of cancer, increasing safety awareness among people working in radiation-prone environments, growing healthcare industry worldwide, and rising insurance coverage has led to the wide application of Medical Radiation Detection products, thus driving their market growth.
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On the basis of product, the Medical Radiation Detection Market is segmented into personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, radioactive material monitors, and other products. the personal dosimeters segment accounted for the largest share of the Medical Radiation Detection Market. The growth of this segment can be attributed to the high demand for personal dosimeters in the medical field.
On the basis of the end user, the Medical Radiation Detection Market is classified into hospitals and non-hospitals. the hospital’s segment accounted for the largest share and is projected to grow at the highest rate during the forecast period. The increasing number of hospitals across the globe is a major factor driving the market growth in this end-user segment.
Objectives of the Study:
To provide detailed information about the major factors influencing market growth (drivers, restraints, challenges, and opportunities)
To analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
To track and analyze company developments such as partnerships, agreements, and collaborations; expansions; acquisitions; and product launches in the radiation safety market
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The Medical Radiation Detection Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominated the Medical Radiation Detection Market. On the other hand, the Asian region is expected to grow at the fastest growth rate due to the growing number of hospitals, rising incidence of cancer, increasing installations of radiological imaging systems, and rising adoption of radiation therapy for the treatment of diseases.
Key players in the Medical Radiation Detection Market are Landauer, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), IBA Worldwide (Belgium), Thermo Fisher Scientific (U.S.), Sun Nuclear Corporation (U.S.), Ludlum Measurements, Inc. (U.S.), Radiation Detection Company, Inc. (U.S.), Biodex Medical Systems, Inc. (U.S.), Arrow-Tech, Inc. (U.S.), Fluke Biomedical (U.S.), AmRay Medical (Ireland), Infab Corporation (U.S.), and PTW Freiburg GmbH (Germany).
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Landauer, Inc. (U.S.) dominated the Global Medical Radiation Detection Market. The company is a provider of technical and analytical services that determine the exposure of environmental and occupational radiation hazards on personnel. The company derives a majority of its revenue from the North American market. It focuses on providing sophisticated products to assure improved patient radiation monitoring as well as broaden its product offerings in the market.
