Press release
Medical Radiation Detection, Monitoring & Safety Market: Robust Growth Trends and Forecasts from 2024 to 2029
Medical Radiation Detection, Monitoring & Safety
What Is The Projected Market Size Of The Global Medical Radiation Detection, Monitoring & Safety And Its Growth Rate?
The Global Medical Radiation Detection, Monitoring & Safety Market presents impressive growth opportunities:
• Expected growth from $2.02 billion in 2024 to $2.2 billion in 2025 with a CAGR of 9.1%.
• Substantial growth identified in areas of regulatory compliance, radiation therapy, nuclear medicine, patient safety, and emergency preparedness.
• Rapid expansion forecasted, with the market size poised to reach $3.23 billion in 2029 at a CAGR of 10.1%.
• Growth in the forecast period can be attributed to personalized radiation therapy, diagnostic radiology, and worker and patient safety, and radiation dose reduction.
What Is Driving The Growth In The Medical Radiation Detection, Monitoring & Safety?
The high prevalence of cancers is expected to propel the growth of the medical radiation detection, monitoring, and safety market going forward. Uncontrolled multiplication and spread of certain body cells, resulting in cancer, necessitate radiation therapy and nuclear medicine. This raises the need for medical radiation detection, monitoring, and safety equipment, which protect patients from harmful radiation and detect and monitor radiation levels. For instance, according to the American Cancer Society Inc., there is an expected rise in new cancer cases from more than 1,918,030 in 2022 to 1,958,310 in 2023. Therefore, the high prevalence of cancers is driving the growth of the medical radiation detection, monitoring, and safety market.
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Who Are the Key Players Driving Medical Radiation Detection, Monitoring & Safety Growth?
Key market players include:
• Fortive Corp.
• Mirion Technologies Inc.
• Thermo Fisher Scientific Inc.
• Ludlum Measurements Inc.
• Radiation Detection Company (RDC) Inc.
• Atomtex
• Ion Beam Applications SA
• Scionix Holland B.V.
• RadComm Systems
• And many more...
What Are The Key Trends In The Medical Radiation Detection, Monitoring & Safety?
Key market trends include:
• X-ray and imaging advancements.
• Continuous technological innovation.
• Advanced imaging techniques.
• AI-enhanced radiation monitoring.
• Advances in dosimetry.
What Are The Segments Of The Global Medical Radiation Detection, Monitoring & Safety?
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
Which Region Leads The Medical Radiation Detection, Monitoring & Safety?
North America is expected to be the largest region in the the medical radiation detection, monitoring, and safety market in 2024. Meanwhile, Asia-Pacific signifies the fastest-growing region in the projected period.
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What Is Covered In The Medical Radiation Detection, Monitoring & Safety Global Market Report?
• Market Size Analysis: Analyze the Medical Radiation Detection, Monitoring & Safety size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Medical Radiation Detection, Monitoring & Safety.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Medical Radiation Detection, Monitoring & Safety growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Medical Radiation Detection, Monitoring & Safety.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Rise in prevalence…
