MARKETWIRE.NET

Decode Your Next Market Move

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Medical Radiation Detection, Monitoring & Safety market. Market segmentation includes Product (Personal Dosimeters, Environment Radiation Monitors, Surface Contamination Monitors, Area Process Monitors, Other Detection & Monitoring Products, and Safety Products).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 5:55 a.m., Silicon Valley, California - According to the new market research report, the global market for Medical Radiation Detection, Monitoring & Safety is projected to grow at a CAGR of 4.7% reach US$1.2 billion by 2027, driven by increasing number of nuclear medicine procedures and rising incidence of cancer cases. The global medical radiation detection, monitoring & safety market is witnessing rapid growth due to the rise in the prevalence and incidence of cancer; growing use of nuclear medicine and radiation therapy for the diagnosis and treatment of cancer; the widespread usage of radioactive isotopes, the feed material for nuclear medicine; increasing awareness regarding the adverse effects of radioactive materials used in radiation therapy, are driving the demand for medical radiation detection, monitoring & safety market. Patients undergoing nuclear medicine procedures are also at risk of exposure to radioactive materials, requiring the healthcare professionals to follow due procedures in dosimetry for optimal dosages. Medical radiation detection, monitoring & safety devices provide the required safeguards for healthcare professionals as well as patients against exposure to radiation, thus enabling a safe environment or treatment with minimal risks.

The market is also driven by rise in the number of diagnostic imaging centers and increasing insurance coverage provided for cancer patients. Around 40 million nuclear medicine procedures are performed every year across the globe. Radioisotopes are widely used in several hospitals worldwide for the nuclear medicine procedures. A multitude of imaging modules are utilized for radiation emitting imaging technologies and therapies are utilized across the world. Patients and healthcare professionals are prone for exposure towards radiation from these procedures, necessitating the need for stipulated monitoring of exposure for professionals administering the procedures. On the flipside, scarcity of trained professionals such as trained medical physicists, who administer radiation, is among the major impediments to the growth of the nuclear medicine and diagnostic imaging market as well as the medical radiation detection, monitoring & safety market. Gas-filled detectors are the most widely used type in case of medical radiation detection, monitoring & safety products. The detectors have wide range of applications in medical imaging, and are cost-effective. The gas-filled detectors are forecast to have the highest growth potential in the medical radiation detection, monitoring & safety market.

The US accounts for the largest region for medical radiation detection, monitoring & safety market, followed by Europe. The market is expected to witness steady growth due to the increasing number of cancer cases and growing use of nuclear medicine procedures. Emerging markets such as China, India, Russia, and Brazil are expected to have the highest growth potential in future. Emerging markets are extensively investing in upgrading their healthcare infrastructure and the increasing incidence of cancer in these markets is expected to drive the market for radioisotopes and the medical radiation detection, monitoring & safety devices.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 1159. Among this pool, 2181 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 482 unique participations, a total of 63 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Thermo Fisher Scientific, Inc.
Biodex Medical Systems, Inc.
Fluke Biomedical
PTW-Freiburg GmbH
Landauer, Inc.
Ludlum Measurements, Inc.
Mirion Technologies, Inc.
Sun Nuclear Corporation
Amray Medical
Arrow-Tech, Inc.
Radiation Detection Company Inc.
Iba Worldwide

Segments Covered in the Report -
Product (Personal Dosimeters, Environment Radiation Monitors, Surface Contamination Monitors, Area Process Monitors, Other Detection & Monitoring Products, Safety Products)
End-Use (Hospitals, Non-Hospitals)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

View Executive Engagement Dashboards, COVID Impact Questionnaires & Get Complimentary Access to Methodology & Full-Text Secondary Sources

For enquiries e-mail us at sales@strategyR.com .

For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com