Medical Radiation Detection, Monitoring & Safety Global Market Report 2023
Fortive, Mirion Technologies Inc., Thermo Fisher Scientific Inc., Ludlum Measurements Inc., Radiation Detection Company (RDC) Inc., Atomtex, IBA Worldwide, Scionix, RadComm Systems, Micron Semiconductor Ltd.
New York, March 21, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Medical Radiation Detection, Monitoring & Safety Global Market Report 2023" - https://www.reportlinker.com/p06433434/?utm_source=GNW
, Bar-ray Products Inc., Bertin Technologies SAS, Centronic Ltd., Fluke Biomedical, Burlington Medical, and AliMed Inc. are major players in the medical radiation detection, monitoring, and safety market.
The global medical radiation detection, monitoring & safety market grew from $1.69 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical radiation detection, monitoring & safety market is expected to grow to $2.5 billion in 2027 at a CAGR of 8.0%.
The medical radiation detection, monitoring, and safety equipment market consists of sales of geigermueller (gm) detectors with pancake probes, alpha radiation survey meter, dose rate meter, and portal monitors.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Medical radiation detection, monitoring, and safety equipment are designed for detecting and monitoring the intensity of radiation and also protecting the users from the harmful effects of radiation. The medical radiation detection, monitoring, and safety equipment are used for radiation monitoring and detection during medical procedures.
North America will be the largest region in the medical radiation detection, monitoring, and safety market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in this medical radiation detection, monitoring, and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The main types of medical radiation detection, monitoring, and safety products in the market are personal dosimeters, area process monitors, environmental radiation monitors, surface contamination monitors, radioactive material monitors, and other medical radiation detection and monitoring products.Personal dosimeters refer to devices worn by an individual for a set period and sent to a facility that analyses the radiation dose.
It can also be examined at the location.The various safety products include full-body protection, face protection, hand safety, and other medical radiation safety products.
The various detectors are gas-filled detectors, scintillators, and solid-state detectors and are used in hospitals and non-hospitals.
The high prevalence of cancers is expected to propel the growth of the medical radiation detection, monitoring, and safety market going forward.Cancer is a disease condition where certain cells in the body multiply uncontrollably and spread to other parts of the body.
As radiation therapy and nuclear medicine expose cancer patients to dangerous radioactive particles or radiation, medical radiation detection, monitoring, and safety equipment are used to protect the patient from harmful radiation and also detect and monitor the radiation levels.For instance, according to the World Health Organization, a Switzerland-based specialised agency of the United Nations responsible for international public health, in 2020, cancer accounted for approximately 10 million deaths, or about 1 person in every 6 people.
Therefore, the high prevalence of cancers is driving the growth of the medical radiation detection, monitoring, and safety market.
Research and development for technological advancement is a key trend gaining popularity in the medical radiation detection, monitoring, and safety market.Major companies are investing in R &D activities to develop new products and support innovation.
For instance, Mirion Technologies, Inc., a US-based nuclear monitoring and detection systems provider, reported that R&D expenses were $29.4 million in the year 2021, an increase of $13.5 million, or 84.9%, over the year 2020. The increase in R&D spending of $2.5 million for new product development, such as evrCAM, a new product that leverages the company’s core technology of radiation-tolerant cameras for the nuclear power industry, to fulfil the needs of the radiation oncology business.
In January 2020, Mirion Technologies Inc., a US-based nuclear monitoring and detection systems provider, acquired Capintec Inc. for an undisclosed amount. This acquisition is expected to expand Mirion’s footprint in the medical market by providing broader product and service offerings. Capintec Inc. is a US-based radiation measuring and monitoring instrumentation company with applications in nuclear medicine, nuclear cardiology, oncology, endocrinology, diagnostic radiology, and radiation therapy.
The countries covered in the medical radiation detection, monitoring and safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The medical radiation detection, monitoring, and safety market research report is one of a series of new reports that provides medical radiation detection, monitoring, and safety market statistics, including medical radiation detection, monitoring, and safety industry global market size, regional shares, competitors with medical radiation detection, monitoring, and safety market share, detailed medical radiation detection, monitoring, and safety market segments, market trends and opportunities, and any further data you may need to thrive in the medical radiation detection, monitoring, and safety industry. This medical radiation detection, monitoring, and safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06433434/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
