What Factors Propelled The Growth Of The Medical Radiation Detection, Monitoring & Safety Market In The Past?
The medical radiation detection, monitoring & safety market has seen considerable growth due to a variety of factors.
• The size of the medical radiation detection, monitoring & safety market has seen considerable growth in the past few years. Predictions show an increase from $2.02 billion in 2024 to approximately $2.2 billion in 2025, signifying a compound annual growth rate (CAGR) of 9.1%.
The expansion during the historic span is largely due to factors such as regulatory adherence, growth of radiation therapy, expansion of nuclear medicine, the emphasis on patient safety, and emergency readiness.
What Is The Projected Growth And Market Size For The Medical Radiation Detection, Monitoring & Safety Sector?
The medical radiation detection, monitoring & safety market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipating a swift expansion in the upcoming years, the market size for medical radiation detection, monitoring, and safety is projected to escalate to $3.23 billion by 2029, signifying a compound annual growth rate (CAGR) of 10.1%.
The projected surge within this forecast period is aligned with factors such as personalized radiation therapy, diagnostic radiology, safeguarding of patients and workers, as well as radiation dose reduction. Several trends projected to shape this forecast period include the advancements in X-ray and imaging technologies, ongoing technological innovation, cutting-edge imaging techniques, artificial intelligence-assisted radiation monitoring, and progress in dosimetry.
Which Factors Are Boosting Growth In The Medical Radiation Detection, Monitoring & Safety Market?
The escalating incidence of cancer is predicted to fuel expansion in the market for medical radiation detection, monitoring, and safety. Cancer, a disease characterized by the uncontrolled proliferation and dissemination of certain body cells, often requires radiation therapy and nuclear medicine that expose patients to harmful radioactive particles or radiation. As such, medical radiation detection, monitoring, and safety equipment become critical to shield patients from the detrimental radiation, while also detecting and monitoring radiation levels. For instance, the American Cancer Society Inc., a not-for-profit health organization based in the US, anticipates that 1,958,310 new cases of cancer will be diagnosed in 2023 in the US. This represents a surge from the 1,918,030 new diagnoses in 2022. As such, the surging incidence of cancer underscores the growth of the medical radiation detection, monitoring, and safety market.
What Key Areas Define The Segmentation Of The Global Medical Radiation Detection, Monitoring & Safety Market?
The medical radiation detection, monitoring & safety market covered in this report is segmented –
1) By Medical Radiation Detection and Monitoring Product: Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors, Radioactive Material Monitors, Other Medical Radiation Detection and Monitoring Product
2) By Safety: Full-body Protection, Face Protection, Hand Safety, Other Medical Radiation Safety Products
3) By Detector Type: Gas-Filled Detectors, Scintillators, Solid-State Detectors
4) By End User: Hospitals, Non-Hospitals
Subsegments:
1) By Personal Dosimeters: Thermoluminescent Dosimeters (TLD), Electronic Personal Dosimeters (EPD), Film Badge Dosimeters
2) By Area Process Monitors: Continuous Area Radiation Monitors, Portable Area Radiation Monitors
3) By Environmental Radiation Monitors: Ambient Radiation Monitors, Fixed Environmental Radiation Monitors
4) By Surface Contamination Monitors: Handheld Surface Contamination Monitors, Fixed Surface Contamination Monitors
5) By Radioactive Material Monitors: Radiation Portal Monitors, Transportable Radiation Monitors
6) By Other Medical Radiation Detection And Monitoring Products: Spectroscopic Radiation Detectors, Alarm Systems For Radiation Detection
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How Are Emerging Trends Reshaping The Dynamics Of The Medical Radiation Detection, Monitoring & Safety Market?
Leading businesses in the medical radiation detection, monitoring, and safety market are producing technologically enhanced products, such as devices that monitor radiation in real time, to instantly detect potential radiation exposure. These real-time monitoring devices are tools that continuously measure and exhibit radiation levels in a particular environment, immediately providing information to identify possible exposure to dangerous ionizing radiation. For example, in June 2024, Thermo Fisher Scientific, a biotechnology company from the United States, launched its digital dosimeter called the NetDose Pro. This petite device is engineered to supervise radiation exposure for workers in various sectors like healthcare, assisting businesses in adhering to stringent regulatory norms. It persistently measures radiation levels and securely delivers data to a mobile or a web-based app, safeguarding both personal and client data. The dosimeter leverages Bluetooth 5.0 wireless technology to connect with a data router or the NetDose mobile app. This enables users to keep an eye on radiation levels in real time, generate reports, allocate devices to carriers, and manage the complete dosimetry system effectively.
Who Are the Key Players in the Medical Radiation Detection, Monitoring & Safety Market?
Major companies operating in the medical radiation detection
• monitoring & safety market include:
• Fortive Corp.
• Mirion Technologies Inc.
• Thermo Fisher Scientific Inc.
• Ludlum Measurements Inc.
• Radiation Detection Company (RDC) Inc.
• Atomtex
• Ion Beam Applications SA
• Scionix Holland B.V.
• RadComm Systems
• Micron Semiconductor Ltd
• Bar-ray Products Inc.
• Bertin Technologies SAS
• Centronic Ltd.
• Fluke Biomedical
• Burlington Medical
• AliMed Inc.
• Polimaster Ltd.
• AmRay Group
• Infab LLC
• Arrow-Tech Inc.
• SE International Inc.
• Nucleonix Systems
• Alpha Spectra Inc.
• LND Inc.
• Trivitron Healthcare Pvt. Ltd.
• Lite Tech Industries LLC
• BLOXR Solutions LLC
• Sun Nuclear Corporation
• Biodex Medical Systems Inc.
• PTW Freiburg GmbH
What Is The Most Dominant Region In The Medical Radiation Detection, Monitoring & Safety Market?
North America will be the largest region in the medical radiation detection, monitoring, and safety market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical radiation detection, monitoring & safety market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
