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Medical Radiation Detection, Monitoring, and Safety Market Trends, Growth, Future Demand, Analysis and Forecast by 2030
According to a new market research report published by Global Insight Services Medical Radiation Detection, Monitoring & Safety Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Medical radiation detectors are a type of medical equipment that detects the presence of radiation. When a person is exposed to radiation for a considerable length of time, an individual is more prone to develop a number of deadly diseases. This raises the requirement for technology capable of detecting the amount of radiation accumulating in the body. Some of the key detectors for detecting radioactive materials and ionizing radiation include the handheld survey meter (HSM), personal radiation detector (PRD), radiation portal monitor (RPM), and radiation isotope identification device (RIID). As technology advances, various radiation-detecting devices may become available for use at home. Dosimeters are medical radiation detectors that can detect Gamma rays, the most dangerous external radioactive threat.
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Market Trends and Drivers
Increasing use of nuclear medicine and radiation therapy for diagnosis and treatment will boost the industry progression. During the past decade, nuclear medicine practices have undergone a tremendous transformation owing to advances in radiopharmacy, instrumentation, and IT. The increasing usage of nuclear medicine in diagnosing and treating various diseases such as cancer and cardiovascular disorders has boosted the demand for radiation detection, monitoring, and safety devices. According to NHS England, 42.7 million imaging tests were registered in England in March 2018, compared to 42.1 million in 2017, an increase of 1.4%. such aforementioned factors will positively influence the market growth.
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Market Restraints and Challenges
Stringent regulatory requirements may hinders the market growth to some extent. Each country has a standard set of regulations for medical radiation, which are defined by regulatory bodies/departments. For example, the US Department of Labor has defined standards through the Nuclear Regulatory Commission (NRC), International Commission on Radiological Protection (ICRP), National Council on Radiation Protection (NCRP), Food and Drug Administration (FDA), and the US Department of Energy (DOE) for protection against radiation. These departments have implemented several guidelines for the approval of medical radiation detection, monitoring, & safety products. However, these stringent regulations extend the timelines involved in the product approval process.
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Global Medical Radiation Detection, Monitoring & Safety Market Segmentation
By Product
Personal Dosimeters
Area Process Dosimeters
Surface Contamination Monitors
Others
By Detection Type
Gas-Filled Detectors
Scintilators
Solid-State
Major Players in the Global Medical Radiation Detection, Monitoring & Safety Market
The key players in the market are Fortive (US), Mirion Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), Ludlum Measurements, Inc. (US), IBA Worldwide (Belgium), AliMed, Inc. (US), Polimaster Ltd. (Republic of Belarus), AmRay Group (Ireland), Infab, LLC (US), Burlington Medical (US), and Bertin Instruments (France), among others.
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Reasons to buy Medical Radiation Detection, Monitoring & Safety Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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