The market for Medical Radiation Detection, Monitoring & Safety has had moves in dynamics and several shifting factors that have reflectively created a dynamic and evolving landscape. Technology, such as medical imaging and radiation therapy, experience steady growth and hence the demand for effective radiation detectors, monitors and safety systems has also witnessed a notable increase. And that is determined by the growing frequency of cancer and other diseases and the resulting increased need for diagnostic and treatment facilities involving radiological imaging. As radiation therapy is being embraced as a common treatment method in the medical sphere, it is of importance to ensure the safety of healthcare workers, patients and the public who are exposed to ionizing radiation.
Not only in the recent past, this awesome regulatory legislature and norms of radiation safety has a great chance to affect in the market's growth. Healthcare institutions will be subject to tougher regulations on worldwide governments as well as regulators pertaining to proper manner and equipment inspection of radiation . This resulted in health care service centers spending on radiation detection and monitoring systems to comply with these regulations. Notably, the case during which the knowledge concerning the long-term health effects of radiation exposure has increased and as a consequence, the call for improved safety measures is getting louder year by year, with this factor fueling the growth of the market into higher levels.
Technological landscape as also the contributor to the mixed playing field, of which consistent innovations in devices make it possible to detect radiation. Innovations including end-user-monitoring, wireless connectivity, and health care information systems integration simply boost the accuracy and effectiveness of these devices. The operation of this industry is in transition, as the more advanced and user-friendly solutions come aboard that allow for readable data and smooth adoption into the healthcare processes. Such technological changes are mainly advancing the general safety and security in medical applications but also creating operational facilities, which in turn facilitate market growth.
While the future of healthcare is uncertain, the trends that are emerging today include the growing demand for imaging techniques such as nuclear medicine and radiation therapy. The radioactive material which is used in diagnostic and treatment for various medical situations is continuously growing and these applications must be detectable precisely with the use of radiation detection procedures. Modern medicine requires personalized and extreme radiation therapy protocols due to which the growth of the market for this therapy has a demonstrated a strong upward trend. Consequently, medical radiation detection industry is now ploughing enormous resources to innovate novel solutions of its core areas where nuclear medicine as well as radiation therapy are being highly emphasized.
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
Global Medical Radiation Detection, Monitoring and Safety Market, by Monitoring Type
Global Medical Radiation Detection, Monitoring and Safety Market, by Safety Type
Global Medical Radiation Detection, Monitoring and Safety Market, by End User
Global Medical Radiation Detection, Monitoring and Safety Market, by Region
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