Why the Non-ionizing Radiation Market is set to explode? Top Companies : Boston Scientific Corporation, General Electric Company, Koninklijke Philips N.V., Siemens AG, Hitachi Medical Systems and more

Non-ionizing radiations are extensively used to treat different forms of cancer via radiation therapy. Enabled by this factor, the global Non-Ionizing Radiation Market is expected to rise in the forecast years.

The information is shared by Fortune Business Insights, in a report, titled “Non-ionizing Radiation Market Size, Share and Global Trend by Radiation Type (Radiofrequency, Microwaves, Infrared, UV rays, Visible light), By Application (Diagnostics, Cosmetics, Others), By End User (Hospitals, Clinics, Research Organizations, Diagnostic Centers) and Geography Forecast till 2026.” Non-ionizing radiation detection devices are used to measure and detect electromagnetic radiation intensity. Like ionizing radiations, non-ionizing radiations cannot remove electrons.

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Some of the major companies that are present in the Global Non-Ionizing Radiation Market report include
• Boston Scientific Corporation
• General Electric Company
• Koninklijke Philips N.V.
• Siemens AG
• Hitachi Medical Systems
• Canon Medical Systems Corporation
• Hologic Inc
• Carestream Health, among others.

However, they make these electrons vibrate and generate energy. Non-ionizing radiations are used in several imaging devices such as UV scans, magnetic resonance imaging (MRI), and medical infrared thermography (MIT). The non-ionizing radiation imaging techniques can ensure early detection of tumors, thus increasing the non-ionizing radiation market demand.
Growing advancements in electronics and telecommunications industry increase the exposure towards the electromagnetic radiation. This, as a result, can lead to several health hazards.
Therefore, non-ionizing radiation detector plays a crucial role to treat chronic health diseases. Non-ionizing radiations are used in microwaves, UV rays, radiofrequency, visible light and others.
The non-ionizing radiation market size is likely to spur on the backdrop of above mentioned radiation types. As per application, diagnostics cover a major share in the global non-ionizing radiation market. This, in turn, is expected to impact the non-ionizing radiation market share in the forthcoming years.

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North America to Hold Majority Share Owing to Rising Investments by Key Players

North America is anticipated to cover the majority share in the global non-ionizing radiation market in the forecast years. The growth is primarily driven by the rising adoption of technologically advanced products. Furthermore, key players in this region are increasingly investing in research and development (R&D) of new diagnostic non-ionizing radiation tools. This, along with an increasing prevalence of chronic diseases, is propelling growth in the market in this region.

Apart from North America, Asia Pacific is also estimated to witness considerable growth in the forecast period. The increasing awareness about novel treatments and patient population are likely to be the potential growth enablers for the market in Asia Pacific. In addition to this, rising spending on healthcare is positively impacting the growth of the market.

Segmentation for Non-Ionizing Radiation Market
By Radiation Type
• Radiofrequency
• Microwaves
• Infrared
• UV rays
• Visible light
By Application
• Diagnostics
• Cosmetics
• Others
By End-User
• Hospitals
• Clinics
• Research Organizations
• Diagnostic Centers
By Geography
Key Players Continue to Focus on Strategies with Ever-evolving Customer Needs

As per the report, analysts predict the market to experience great potential owing to the rapidly increasing technological advancements. With the ever-evolving customer needs, companies are planning to develop non-ionizing radiation products as per customer requirements. This is expected to further increase the non-ionizing radiation market revenue over the projected years. As a result, the rising demand for diagnostics services is enabling growth in the market. Governments and private players are granting funds to encourage the use of non-ionizing radiations for treating tissue regenerations and severe diseases. With the increase in endoscopy procedures and laser surgeries, the demand for non-ionizing radiation detectors is increasing.

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The report profiles some of the leading players in the global non-ionizing radiation market. Some of them include Boston Scientific Corporation, Koninklijke Philips N.V., General Electric Company, Siemens AG, Canon Medical Systems Corporation, Hitachi Medical Systems, Carestream Health, and Hologic Inc. Recently, Mirion Technologies opens up a new facility in a business park in the UK. This facility aims to design, manufacture, develop, and test radiation measurement systems.

Companies are continuously putting efforts to sustain in the market, which will further help the market to grow. Non-ionizing radiations have proved useful for many patients; however, these radiations can cause adverse effects to some people. This, in turn, can hamper the growth of the market by 2026. Moreover, this is the main reasons why some patients don’t prefer non-ionizing radiations.

KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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