Medical Radiation Detection, Monitoring, and Safety Market

The report "Medical Radiation Detection, Monitoring & Safety Market by Product (Personal Dosimeters (Passive Dosimeters)), Safety (Full Body, Face Protection, Hand Safety), Detector (Gas-Filled, Scintillators, Solid-State), End User - Global Forecast to 2029", is expected to reach USD 1.89 billion by 2029 from an estimated value of USD 1.26 billion in 2024, growing at a CAGR of 8.5% during the forecast period. Innovation in radiation detection technologies has improved more sensitive and accurate detectors that allow for better monitoring in protection against radiation exposure, hence driving the growth of the market. Such portable devices for the detection of radiation facilitate the monitoring of the levels of radiation even outside the workplace. This includes hospitals, clinics, and other research facilities. The National Health Service in England showed that from February 2022 to January 2023, there were 48.4 million imaging tests conducted, according to the Dataset on Diagnostic Imaging. The procedures performed in January 2023 were X-rays and plain Radiography, totaling 1.65 million. Government financing and initiatives to enhance the regulatory mechanism for radiation safety and extend healthcare infrastructure provide major opportunities for the medical radiation market. Advanced medical radiation systems, including MRI machines, CT scanners, and systems for radiation therapy, demand high costs initially to set them up apart from huge recurring expenditures on their maintenance restraining the market growth.

Browse 588 market data Tables and 48 Figures spread through 424 Pages and in-depth TOC on "Medical Radiation Detection, Monitoring & Safety Market by Product (Personal Dosimeters (Passive Dosimeters)), Safety (Full Body, Face Protection, Hand Safety), Detector (Gas-Filled, Scintillators, Solid-State), End User - Global Forecast to 2029"
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The Personal Dosimeters segment is projected to register the highest CAGR in the forecasted period for medical radiation detection, monitoring & safety market, by product, in 2023.

The medical radiation detection, monitoring & safety market, by product, is segmented into personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, radioactive material monitors, and other radiation detection and monitoring products. Mounting focus on occupational health and safety in the healthcare industry facilitates the adoption of personal dosimeters to avoid needless exposure to radiation among the staff. These are part of comprehensive safety programs employed by organizations that are investing in these devices. The exactness needed in having precise monitoring of radiation exposure is required in high-precision fields of interventional radiology and nuclear medicine. Personal dosimeters provide the needed precision to ensure safety and effectiveness in those specialized areas.

In 2023, the Gas-Filled Detectors segment held the largest share of the medical radiation detection, monitoring & safety market, by detector segment.

Based on detector, the market for medical radiation detection, monitoring & safety is segmented into Gas- Filled Detectors, Scintillators, and Solid-State Detectors. Innovations in gas-filled detector design, such as enhanced sensitivity and miniaturization, can create new opportunities in the medical radiation market. Advanced models offer better performance and multifunctionality for a wide field of applications within medical areas. The growth in the medical radiation market for gas-filled detectors emanates from the growing demand from radiation monitoring, technological advancements, regulatory requirements, and expanding healthcare services. Consequently, all these driven factors mean that gas-filled detectors continue to be adopted and developed within a medical setting.

The Full body protection products segment accounted for largest market share of medical radiation detection, monitoring & safety market, by safety product in 2023.

The medical radiation safety market is categorized based on safety products, which include Full body protection products, Face protection products, Hand safety products, and Other medical radiation safety products. Greater awareness among healthcare personnel and institutions regarding radiation hazards and the use of safety measures boosts demand for full-body protection products. An increase in healthcare infrastructure, mainly in developing economies, propels the demand for medical radiation protection products. The demand for protective gear complements the establishment of new hospitals and other diagnostic centers in an effort to protect staff making use of radiation.

The hospital segment accounted for the largest share of the medical radiation detection, monitoring & safety, by end users, in 2023.

Based on end user, the medical radiation detection, monitoring & safety is segmented into hospitals, and non-hospitals. In medical radiation detection, monitoring & safety market, the hospitals segment accounted for the largest share in 2023.  The large share of hospitals is attributed to the increasing number of patients in hospitals resulting from growing populations and aging demographics, increasing the prevalence rate of chronic diseases driving the demand for medical imaging and radiation therapy services. Establishing the higher load on hospitals requires advanced radiation technologies. Medical imaging, including MRI, CT, and PET scans, along with therapeutic procedures that use radiation, such as linear accelerators and, is all technologically advancing to the stage where, in order to remain competitive and provide current state-of-the-art care, hospitals are finding it necessary to continually purchase new, upgraded equipment. These technological advances yield higher diagnostic accuracy and better treatment outcomes; therefore, hospitals feel compelled to upgrade their facilities.

The North America market is expected to have the highest market share during the forecast period.

The global medical radiation detection, monitoring & safety market has been studied on the basis of six regions- North America, Europe, Asia Pacific, Middle East & Africa, Latin America and GCC Countries. The North America is expected to witness the highest market share of 42.07 % in the medical radiation detection, monitoring & safety market during the forecast period. North America, which includes the US and Canada, comprises a highly developed region with state-of-the-art healthcare facilities.  Health expenditures in this geography provide ample opportunity for huge investments in advanced medical technologies related to radiation detection, monitoring, and safety. The high spending capability propels demand for advanced radiation products. It is the region acting as a cluster in medical research and development, with various companies being involved in academic institutions committed to innovative new medical technologies in areas relating to radiation detection and protection.

Prominent players in the market include Mirion Technologies, Inc. (US), Fortive (US), Thermo Fisher Scientific Inc. (US), IBA Worldwide (Belgium), AMETEK Inc. (US), Fuji Electric Co., Ltd. (Japan), Ludlum Measurements, Inc. (US), AliMed (US), UAB Polimaster Europe (Belarus), Arktis Radiation Detectors Ltd. (Switzerland), INFAB LLC (US), AmRay Group (Ireland), Radiation Detection Company (US), Arrow-Tech Inc. (US), Centronic (UK), S.E. International, Inc (US), Bertin Technologies (Paris), Atomtex (Belarus), Alpha Spectra Inc (US), Trivitron Healthcare (India), Micron Semiconductor Ltd. (UK), Burlington Medical (US), Nucleonix Systems (India), and Radcomm Systems (Canada).

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