Medical Radiation Detectors Market – Global Industry Analysis and Forecast (2023-2029)

Global Medical Radiation Detectors Market was valued at US$ 0.97 Bn. in 2022. Global Market size is expected to grow at a CAGR of 6.8% through the forecast period.
Medical Radiation Detectors Market Overview:
Medical radiation detectors are used for detecting harmful radiations which are emitted by large machines. People working around these machines gets in contact with radiations, which can cause deadly diseases. These radiations include X-rays, High energy photons, Beta Particles, Alpha Particles which are harmful and medical radiation detectors are used to detect this radiations.
These Radiation Detectors include counters, Spectrometers, Dosimeters, Imaging System. Detection of Radioactive materials and ionizing Radiation include handheld survey meter (HSM), Personal radiation detectors (PRD), radiation portal monitor (RPM) and radiation isotope identification device (RIID).To know about the Research Methodology:-Request Free Sample Report
Market Dynamics:
All ionizing radiations are harmful, there is no point under which harmful effects could be slowed, and therefore these becomes the drivers for market. The estimated risk of cancer due to the radiations also driving the market. Also the high usage of radiation therapy in hospitals will increase the market growth of market.

Due to the COVID 19 outbreak a worldwide health emergency and global shut down has led to decrease in the growth of market. Medical radiation detectors are also used to detect medical radiations which are used in treatment of COVID 19. Further, the demand of the hour is to bring new products which can help in overcome the loss due to COVID 19 during the forecast period. The growth in research activities in detection of radiation shows the demand for Market.

Across the word over 69 million people undertake diagnostic, therapeutic, or interventional procedure which involve medical radiation, health care workers everyday exposed to harmful radiations, therefore they are required to wear medical radiation detectors. Increase in awareness about radiations, technological developments, growth in investments in smart cities can be helpful to boost the market growth.

Many technologies and research is being conducted in institutes for advancement in techniques which detects medical radiations and new X-ray detectors will revolutionize medical imaging. High cost of medical radiation detection can tremble the medical radiation detection market growth. Only few companies occupying majority of market share, therefore there is high degree of competition among the market players. Only top companies can afford high capital and high cost of manufacturing the products, this will prevent small firms and new participants from entering this market.
Medical Radiation Detectors Market Segment Analysis:
Based on Type, the Market is segmented into gas filled detectors, scintillators, solid state. The gas filled detectors segment is highest predicted to gain highest revenue in forecast period. Scintillator market is showing significant growth. The growth of the market is due to major industries. Due to rise in demand for radiological devices for radiation monitoring in security domain driving the growth of scintillator market.Based on product, the market is classified into personal dosimeter, Area process dosimeter, and Surface contamination monitor. The personal dosimeter segment is expected to gain highest market share during the forecast period. Personal dosimeter market value in 2022 is US$ 225.15 Mn and it is expected reach US$ 277.5 Mn. Area process dosimeter has the ability to detect the radiations at early stage due to which these detectors expected to gain significant market share during forecast period.

Based on end user, the market is categorized into Hospitals, Ambulatory surgical centers, Clinics others. As Medical radiation detectors are majorly used in hospitals, this segment is expected to dominate during forecast period. Increase in adaptation of new products for research purposes led towards the growth of segment of the medical radiation detection market during forecast period.
Regional Insights:
North America hold the largest share in regional market for Medical Radiation Detectors. The Asia Pacific region is expected to be the highest CAGR during the forecast period. Factors such as the increase number of hospitals, the rising incidence of cancer, an increased number of installations of radiological imaging systems, and the increase adoption of radiation therapy for the treatment of diseases are driving the growth of the Asia Pacific market.

The objective of the report is to present a comprehensive analysis of the Global  Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the  Market dynamic, structure by analyzing the market segments and projecting the  Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the  Market make the report investor’s guide.
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 Medical Radiation Detectors Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 0.97 Bn.


Forecast Period 2023 to 2029 CAGR:
6.8%
Market Size in 2029:
US $ 1.55 Bn.


 Segments Covered:
by Type
Gas filled detectors
Scintillators
Solid state


by Product
Personal dosimeter
Surface contamination monitor


by End User
hospitals
ambulatory surgical centers
clinics



Medical Radiation Detectors Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Medical Radiation Detectors Market Key Players are:
1. Fortive (U.S)
2. Mirion Technologies Inc.(U.S)
3. Thermo Fisher Scientific Inc.(U.S)
4. Ludlum Measurements, Inc.(U.S)
5. IBA Worldwide (Belgium)
6. Biodex Medical System, Inc.
7. Thermo Fisher Scientific (U.S)
8. Polimaster, Inc.(Austria)
9. Amyray Group (Irealand)
10.PTW Freiburg GmbH
11.Infab Corporation.(U.S)
12.Centronc (U.K)
13.Arrow-Tech,Inc.(U.S)
14.Centronic (U.K)
15.LND (U.S)
16.Bar-Ray Products (U.S)

Frequently Asked Questions:

1] What segments are covered in the Global Medical Radiation Detectors Market report?
Ans. The segments covered in the Medical Radiation Detectors Market report are based on Product, Type and End User.

2] Which region is expected to hold the highest share in the Global Medical Radiation Detectors Market?
Ans. The North America region is expected to hold the highest share in the Medical Radiation Detectors Market.

3] What is the market size of the Global Medical Radiation Detectors Market by 2029?
Ans. The market size of the Medical Radiation Detectors Market by 2029 is expected to reach US$ 1.55 Bn.

4] What is the forecast period for the Global Medical Radiation Detectors Market?
Ans. The forecast period for the Medical Radiation Detectors Market is 2023-2029.

5] What was the market size of the Global Medical Radiation Detectors Market in 2022?
Ans. The market size of the Medical Radiation Detectors Market in 2022 was valued at US$ 0.97 Bn.