Worldwide Medical Radiation Detection, Monitoring & Safety Industry to 2025 - Featuring Fortive, Mirion Technologies & IBA Worldwide Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Medical Radiation Detection, Monitoring & Safety Market by Detector (Gas-Filled Detectors, Scintillators, Solid-State), Product (Personal Dosimeters, Passive Dosimeters), Safety (Full Body Protection), End User (Hospitals) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global medical radiation detection, monitoring, and safety market is projected to reach USD 1,207 million by 2025 from USD 949 million in 2020, at a CAGR of 4.9% during the forecast period.

The major factors driving the growth of this market include the increasing use of nuclear medicine and radiation therapy for diagnosis and treatment, growing number of diagnostic imaging centers, rising prevalence of cancer, increasing safety awareness among people working in radiation-prone environments, and the growing number of people covered by insurance.

Gas-Filled Detectors segment to witness the highest growth during the forecast period.

Based on the detector type, the medical radiation detection and monitoring market is segmented into gas-filled detectors, solid-state detectors, and scintillators. The gas-filled detectors is projected to grow at the highest CAGR during the forecast period. The favorable performance-to-cost ratio of gas-filled detectors coupled with their wide application in the medical imaging field is the major factor supporting the growth of this segment.

Personal Dosimeter to register the highest growth in the medical radiation detection, monitoring and safety market during the forecast period.

Based on product, the medical radiation detection and monitoring market is segmented into personal dosimeters, area process monitors, environmental radiation monitors, surface contamination monitors, radioactive material monitors, and other medical radiation detection and monitoring products. The personal dosimeter segment is projected to witness the highest growth in the medical radiation detection, monitoring and safety market during the forecast period. The growing number of diagnostic and interventional radiological procedures performed are the major factors supporting the growth of this segment.

Asia Pacific is estimated to register the highest CAGR during the forecast period.

In this report, the medical radiation detection, monitoring and safety market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in Asia Pacific is projected to register the highest growth rate during the forecast period. The growth in this market is primarily driven by the growing number of hospitals, rising incidence of cancer, increasing installations of radiological imaging systems, and rising adoption of radiation therapy for the treatment of diseases.

Market Dynamics

Drivers

• Increasing Use of Nuclear Medicine and Radiation Therapy for Diagnosis and Treatment
• Rising Prevalence of Cancer
• Increasing Safety Awareness Among People Working in Radiation-Prone Environments
• Growth in the Number of People Covered by Insurance
• Growing Number of Diagnostic Imaging Centers

Opportunities

• Emerging Markets
• Increasing Research for Designing Technologically Advanced Products for Medical Radiation Detection

Challenges

• Lack of Skilled Radiation Professionals and Qualified Medical Physicists

Companies Profiled

• Fortive Corporation
• Mirion Technologies, Inc.
• IBA Worldwide
• Thermo Fisher Scientific, Inc.
• Sun Nuclear Corporation
• Bertin Instruments
• Ludlum Measurements, Inc.
• Polimaster, Inc.
• Radiation Detection Company Inc.
• Biodex Medical Systems, Inc.
• Arrow-Tech, Inc.
• Amray Group
• Infab Corporation
• PTW Freiburg GmbH
• Centronic Ltd.
• SE International, Inc.
• Atomtex
• Nucleonix Systems Pvt. Ltd.
• Alpha Spectra, Inc.
• LND, Inc.
• Bar-Ray
• Trivitron Healthcare
• Scionix
• Radcomm Systems
• Micron Semiconductor Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/pw2hmt