Worldwide Medical Radiation Detection Industry to 2030 – Increase in Prevalence of Ageing Associated Diseases is Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Medical Radiation Detection Market by Detection Type, Product, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The global medical radiation detection market was valued at $1,173.0 million in 2020, and is projected to reach $2,558.1 million by 2030, registering a CAGR of 8.4% from 2021 to 2030.

Medical radiation detectors are a type of medical equipment that is used to detect the presence of radiation. When an individual is exposed to radiation for an extended period of time, it is more likely to induce a variety of fatal illnesses. This increases the demand for equipment that can detect the quantity of radiation accumulation in the body. Handheld Survey Meter (HSM), personal radiation detector (PRD), Radiation Portal Monitor (RPM), and Radiation Isotope Identification Device are some of the major detectors available for identifying radioactive materials and ionizing radiation (RIID). With technological advancements, various radiation detecting gadgets may become accessible for use at home. Dosimeters are medical radiation detecting equipment that can detect the presence of Gamma rays, the most dangerous external radioactive threat.

The rising occurrence of cancer necessitates the use of medical radiation detectors, which drives the market expansion. Furthermore, increase in the use of nuclear medicine and radiation therapy for the diagnosis and treatment of acute radiation illness will contribute to the market growth in future. Furthermore, there has been a significant increase in the number of diagnostic imaging facilities that require medical radiation detectors to avoid excessive radiation exposure, fuelling the market development throughout the projection period.

Rising awareness regarding safety from prolonged exposure to radiation especially in radiation-prone settings as well as an increase in the number of individuals having medical insurance would propel the growth of the medical radiation market during the forecast period. However, the increased cost of medical radiation detection will stifle the market expansion. Furthermore, the increased potential for medical radiation detection in emerging markets is expected to assist the industry produce more possibilities in the coming years.

The global medical radiation detection market is segmented on the basis of detection type, product, end user, and region. On the basis of detection type, the market is categorized into gas-filled detectors, scintillators, and solid-state. By product, it is classified into personal dosimeters, area process dosimeters, surface contamination monitors, and others. By end user, it is divided into hospitals, ambulatory surgical centers, clinics, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
• A comprehensive analysis of factors that drive and restrain the growth of the market is provided.
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the market.

Market Dynamics

Drivers

• Growing use of nuclear medicine and radiation therapy for diagnosis and treatment
• Rise in incidences and prevalence of various cancer types
• Growing number of diagnostics laboratories In developed countries
• Increase in prevalence of ageing associated diseases

Restraint

• Lack of presence of skilled radiation professionals

Opportunities

• Growth potential in emerging economies

Companies Mentioned

• Mirion Technologies, Inc.
• Sun Nuclear Corporation
• Fortive Corporation
• Biodex Medical Systems, Inc.
• Thermo Fisher Scientific
• Polimaster, Inc.
• IBA Worldwide
• AmRay Group
• PTW Freiburg GmbH
• Infab Corporation

For more information about this report visit https://www.researchandmarkets.com/r/2x87s

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900