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Medical Radiation Detection, Monitoring & Safety Market Growth, Trends And Forecast 2024 - 2033
Medical Radiation Detection, Monitoring & Safety Market
The Business Research Company presents an extensive market research report on the "Medical Radiation Detection, Monitoring & Safety Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Medical Radiation Detection, Monitoring & Safety industry. This report on Medical Radiation Detection, Monitoring & Safety market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The medical radiation detection, monitoring & safety market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. 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 $2.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
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Key Market Players:
Fortive Corp., Mirion Technologies Inc., Thermo Fisher Scientific Inc., Ludlum Measurements Inc., Radiation Detection Company (RDC) Inc.
Market Drivers:
According to the Medical Radiation Detection, Monitoring & Safety Market Report 2024 by The Business Research Company, 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.
More information about the Global Medical Radiation Detection, Monitoring & Safety Market Report -
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Market segments for Medical Radiation Detection, Monitoring & Safety include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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