Medical Radiation Detection, Monitoring & Safety Market
increasing prevalence of cancer diseases and increasing number of diagnostic imaging centers are expected to drive the growth of market. According to American Cancer Society, Inc., in 2017, about 1,688,780 new cancer cases diagnosed in US. On other hand, the lack of skilled radiation professionals can restrain the market growth over the assessment period.
The global Medical Radiation Detection, Monitoring & Safety Market Share anticipated to have held a market value of USD 961 million in the year 2017 and is expected to grow at a CAGR of 7.1% during the forecast period. Radiation Detection, Monitoring & Safety products provides safety environment in healthcare settings.
The growing prevalence of cancer has led to growing use of radioactive materials for the treatment of cancer. Radiotherapy has emerged as one of the most promising treatment avenues for cancer, leading to growing use of radioactive substances in the oncology sector. This is likely to remain one of the most important drivers for the global medical radiation detection, monitoring, and safety market over the forecast period, as cancer has become a major problem for the healthcare sector in modern times and is likely to remain one of the key challenges facing the healthcare sector in the coming years.
Increasing awareness about radiation safety among workers is also likely to be a major driver for the global medical radiation detection, monitoring, and safety market over the forecast period. While the use of radioactive materials in the healthcare sector is nothing new, the handling and treatment of the substances has changed completely compared to earlier, as government regulations and workplace safety regulations have taken it into account and formulated specific rules regarding the use of nuclear materials in the healthcare sector. The growing concern about the threat posed by radioactive materials is likely to be a major driver for the global medical radiation detection, monitoring, and safety market over the forecast period.
Medical Radiation Detection, Monitoring and Safety Market Outlook and Analysis by Detection Type (Gas-Filled Detectors, Solid-State Detectors), Monitoring (Personal Dosimeters, Environmental, Area Monitoring), Safety (Apron, Gloves)-Forecast till 2027
Major Key Players:
Some of the Key Market Players are Mirion Technologies, Inc., Thermo Fisher Scientific Inc., Sun Nuclear Corporation, IBA Worldwide, Radiation Detection Company Inc., Biodex Medical Systems, Inc., Ludlum Measurements, Inc., Amray Medical, Infab Corporation, and Fluke Biomedical.
The global medical radiation detection, monitoring & safety market has been segmented into detector type, monitoring type, safety type, and end user.
Based on detector type, market is segmented into gas-filled detectors, organic scintillators, inorganic scintillators and solid-state detectors. The gas-filled detectors segment is expected to account for the largest share and fastest growing segment of the global market in 2017.
Based on monitoring type, medical radiation detection, monitoring and safety market is segmented into Personal Dosimeters, Environmental monitors, Area Monitors, Radiological material Monitors, Others.
Based on safety type, medical radiation detection, medication and safety market segmented into Full-Body Protection Products, Face Protection Products, and others.
Based on end user, the market segmented into hospitals, clinics, ambulatory surgical centers, and others.
Regionally, the global medical radiation detection, monitoring, and safety market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas dominates the global medical radiation detection, monitoring, and safety market and is likely to remain by far the most important regional market over the forecast period due to the growing prevalence of cancer and the increasing expenditure on R&D of advanced radioactivity protection solutions.
Many major players in the medical radiation detection, monitoring, and safety market are located in North America, giving the region an advantage in terms of adopting the latest technological advances and incorporating them into the day to day functioning of the healthcare sector. Europe is also likely to be a major player in the global medical radiation detection, monitoring, and safety market for this very reason.
Asia Pacific is likely to exhibit rapid growth in the medical radiation detection, monitoring, and safety market over the forecast period due to the growing demand for cancer treatment in countries such as China, India, and Australia.
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