Health

Medical Radiation Detection, Monitoring, and Safety Market Forecast, Revenue, Demand, Growth and Key Companies Valuation by 2028

September 7, 2021

The global Medical Radiation Detection, Monitoring, and Safety Market is forecasted to be worth USD 1,339.4 Million by 2027, according to a current analysis by Emergen Research. The market is expected to grow due to the rising number of cancer-related incidence. The report provides Medical Radiation Detection, Monitoring, and Safety market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2024–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. The increasing usage of radiation therapy and nuclear medicine for diagnosis and treatment will drive the demand for the market.

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Global Medical Radiation Detection, Monitoring, and Safety market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Medical Radiation Detection, Monitoring, and Safety Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market. Another driving factor is the growth in diagnostic imaging centers and a surge in the number of people covered under insurance. The usage of advanced technologies through R&D affects the market positively. Medical radiation is related to several health complications. Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Medical Radiation Detection, Monitoring, and Safety market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Medical Radiation Detection, Monitoring, and Safety market revenue growth to a significant extent over the forecast period.

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Medical Radiation Detection, Monitoring, and Safety Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2024 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Key Highlights From The Report

In May 2019, Kromek launched D3S PRD personal radiation detector. It is a high-speed SPRD (spectroscopic radiation detector) or PRD replacement that is a cost-effective radiation detection device that puts a very powerful and sensitive radiation detector into the hands of first-line users.
Personal dosimetry is a part of radiation dosimetry. It is used to determine doses to individuals who are exposed to radiation-related to their working environment. The dosimetry techniques vary and depend partly on the source of radiation outside the body or taken into the body. It is also used to measure external radiation exposure.
The gas-filled detectors segment is expected to grow with the fastest CAGR due to the favorable performance-to-cost ratio of the gas-filled detectors along with the growing usage of the medical imaging field, which is propelling the demand for the segment.
The proliferation of cancer patients in the special clinics and research institutes will drive the demand for the Clinics application segment. These clinics are installing the latest machines to provide sophisticated and safe procedures for the patients. The segment is expected to grow with the fastest CAGR during the forecast years.
North America held the largest share owing to the existence of favorable regulations and technological advancements. Moreover, high demand from the United States will also impact the market positively.
Key participants include Mirion Technologies, Inc., Sun Nuclear Corporation, Thermo Fisher Scientific, Fortive Corporation, Bertin Instruments, Polimaster, Inc., Biodex Medical Systems, Inc., Amray Group, PTW Freiburg GmBH, Infab Corporation, among others.

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Region wise performance of the Medical Radiation Detection, Monitoring, and Safety industry

North America Medical Radiation Detection, Monitoring, and Safety market forecast is expected to remain significantly positive in terms of revenue share between 2024 and 2028. In addition, North America Medical Radiation Detection, Monitoring, and Safety market revenue share is expected to remain comparatively larger than that of other regional markets from 2024 to 2028.

Asia Pacific registered fastest revenue CAGR in 2024, and the Medical Radiation Detection, Monitoring, and Safety market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.

Europe Medical Radiation Detection, Monitoring, and Safety market forecast is positive currently, with revenue growth expected to remain steady between 2024 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Medical Radiation Detection, Monitoring, and Safety market growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Medical Radiation Detection, Monitoring, and Safety industry for the forecast period 2024-2027?
What are the major driving forces expected to impact the development of the Medical Radiation Detection, Monitoring, and Safety market across different regions?
Who are the major driving forces expected to decide the fate of the Medical Radiation Detection, Monitoring, and Safety industry worldwide?
Who are the prominent market players making a mark in the Medical Radiation Detection, Monitoring, and Safety market with their winning strategies?
Which Medical Radiation Detection, Monitoring, and Safety industry trends are likely to shape the future of the industry during the forecast period 2024-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Medical Radiation Detection, Monitoring, and Safety market?

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