A detailed overview of the major drivers, challenges, opportunities, current market trends, impacting the medical radiation detection market.

The Medical Radiation Detection Market is expected to reach $1,215.4 million, at a CAGR of 6.5%

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                                                           Medical Radiation Detection Market

Medical Radiation Detection Market Growth Factors:

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, monitoring, and safety products, thus driving their market growth.

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Medical Radiation Detection Market Geographical Analysis:

The global medical radiation detection market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). In 2016, North America accounted for the largest share of the global market. However, Asia is expected to witness the highest CAGR during the forecast period. This growth can be attributed 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.

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Major key players in the global 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).

The key strategies followed by most companies in medical radiation detection market are new product and service launches. This strategy accounted for the largest share of the overall growth strategies mapped from 2014 to 2016. Some of the leading players that adopted this strategy include IBA Worldwide (Belgium), Sun Nuclear Corporation (U.S.), PTW Freiburg GmbH (Germany), Biodex Medical Systems, Inc. (U.S.), and Unfors RaySafe AB (Sweden), among others.

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