Medical Radiation Detection, Monitoring and Safety Market Research Report: by Detection Type (Gas-Filled Detectors, Solid-State Detectors), Monitoring (Personal Dosimeters, Environmental, Area Monitoring), Safety (Apron, Gloves)-Forecast till 2027
ID: MRFR/MED/5310-HCR | 100 Pages | Published By Kinjoll Dey on March 2023
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Medical Radiation Detection, Monitoring and Safety Market
Medical Radiation Detection, Monitoring and Safety Market is expected grow USD 4.63 Billion at a CAGR 7.1% during the forecast 2022 - 2030
$4.63 Billion
7.1%
North America
2022-2030
Medical Radiation Detection, Monitoring & Safety Market Overview It is anticipated that the market held a market value of USD 961 million in 2017 and is projected to grow at a CAGR of 7.1% over the forecast period. The effects of hazardous radiation are reduced through medical radiation detection, monitoring, and safety equipment. To ensure acceptable safe radiological conditions in the workplace, radiation monitoring is carried out to examine workplace circumstances and individual exposures. These machines are utilized in a wide range of industries all around the world. The market is predicted to rise due to factors such as rising cancer prevalence and an increase in the number of diagnostic imaging centers. Regulatory regulations and changing client needs are continually driving the industry. The rising use of radioactive materials in industries including power generation, industrial processing, research and processing, and security has increased the demand for radioactive radiation protection equipment. Nuclear medical procedures have changed dramatically in the last decade as a result of developments in radiopharmacy, instrumentation, and information technology. The growing use of nuclear medicine in diagnosing and treating diseases including cancer and cardiovascular ailments has increased demand for Medical Radiation Detection, Monitoring & Safety Market. In top institutes, extensive research is being done on developing novel tools for detecting and quantifying radiation exposure during medical procedures.
Segmentation:
The global medical radiation detection, monitoring and safety market has been segmented into detector type, monitoring type, and safety type, and end user.
Based on detector type, market 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 segment of the market in 2017.
Based on monitoring type, medical radiation detection, monitoring and safety market segmented into Personal Dosimeters, Environmental monitors, Area Monitors, Radiological material Monitors, Others.
Based on safety type, medical radiation detection, monitoring and safety market segmented into Full-Body Protection Products, Face Protection Products, and others.
Based on end user, medical radiation detection, monitoring, and safety market segmented into hospitals, clinics, ambulatory surgical centers, and others.
This market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The medical radiation detection, monitoring & safety market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European medical radiation detection, monitoring and safety market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The medical radiation detection, monitoring and safety market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The medical radiation detection, monitoring and safety market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Summary:
Geographically, the Americas is anticipated to dominate the global medical radiation detection, monitoring & safety market owing to a well-established player, increasing prevalence of cancer, and increasing R&D expenses.
Europe is expected to hold the second largest position in the global medical radiation detection, monitoring & safety market. The market growth in this region is attributed to the growth in radio therapy and increasing cancer diseases in the region.
The medical radiation detection, monitoring & safety market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the increasing adoption of these products.
The Middle East & Africa has the least share of the market.
Key players:
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 are some of the key players in the global medical radiation detection, monitoring and safety market.
Global Medical Radiation Detection, Monitoring & Safety Market Share (%), by Region, 2017 
Source: Annual Reports and Sec filings
Global Medical Radiation Detection, Monitoring and Safety Market, by Detector Type
- Gas-filled detectors
- Solid-state detectors
- Organic scintillators
- Inorganic scintillators
Global Medical Radiation Detection, Monitoring and Safety Market, by Monitoring Type
- Personal Dosimeters
- Environmental monitors
- Area Monitors
- Radiological material Monitors
- Others
Global Medical Radiation Detection, Monitoring and Safety Market, by Safety Type
- Full-Body Protection Products
- Face Protection Products
- Others
Global Medical Radiation Detection, Monitoring and Safety Market, by End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Global Medical Radiation Detection, Monitoring and Safety Market, by Region
-
Americas-
North America- US
- Canada
- South America
-
-
Europe-
Western Europe- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
-
-
Asia-Pacific- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
-
Middle East & Africa- Middle East
- Africa
Recent DevelopmentMirion Technologies Inc. became a publicly traded firm in June 2021 after a business combination with GS Acquisition Holdings Corp II, a special purpose acquisition company sponsored by a Goldman Sachs Group affiliate. Private investment in public equity (PIPE) of USD 900 million from investors such as Fidelity Management & Research Company LLC, BlackRock, Neuberger Berman funds, and Janus Henderson Investors will back the deal with GS Acquisition Holdings Corp II. Jordan's Queen Alia and Amman Civil airports receive radiation monitoring systems in May 2021. The project was supported by the Canadian government as part of an agreement to improve Jordan's nuclear security capabilities, with a budget of CAD 4.5 million allocated from a bilateral deal worth CAD 30 million targeted to improve Jordan's nuclear security infrastructure.Intended Audience
- Medical radiation detection, monitoring & safety products Manufacturers
- Medical radiation detection, monitoring & safety distributors
- Hospitals, Clinics, and Association
- Contract research organization
- Various research and consulting firms
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | Significant Value |
| CAGR | 2017-2023: 7.1% |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Detector Type, Monitoring Type, and Safety Type, and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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 |
| Key Market Opportunities | Advancement Technology |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
The Medical Radiation Detection, Monitoring and Safety Market is projected to grow at a 7.1% CAGR during the forecast period.
Lack of skilled radiation professionals may limit market growth.
The major key players of the Medical Radiation Detection, Monitoring and Safety Market 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 and others.
