Medical Radiation Detection, Monitoring, and Safety Market Size to Reach USD 1,406.37 Million in 2028 Growing at a CAGR of 5.0%, according to Emergen Research

Emergen Research has published its latest report titled “Medical Radiation Detection, Monitoring, and Safety Market, By Product Type (Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors, Radioactive Material Monitors, Others), By Detector Type (Gas-filled Detectors, Scintillators, Solid-state Detectors), By Application (Hospitals & Clinics, Ambulatory Surgical Centers, Others), and By Region Forecast to 2028”

According to Emergen Research, the global medical radiation detection, monitoring, and safety market size was USD 944.89 million in 2020 and is expected to reach USD 1,406.37 million in 2028 and register a revenue CAGR of 5.0% during the forecast period, 2021-2028.

Market Dynamics:

Major factors providing impetus to the global medical radiation detection, monitoring, and safety market revenue growth are rising prevalence of cancer across the globe, growing awareness of the disease among the population, increasing adoption of advanced equipment and solutions for detection and monitoring of medical radiation exposure in hospitals and diagnostic centers, and increasing government focus on improving the safety of healthcare facilities. Medical radiation detection, monitoring, and safety equipment protect healthcare professionals including doctors and nurses from harmful radiation from various medical devices including X-ray diffraction equipment.

Rising adoption of nuclear medicine and radiation therapies for diagnosis and treatment of various diseases such as cancer, and stringent norms enforced by regulatory agencies including the Centers for Disease Control and Prevention (CDC) to ensure the proper radiations emergency training and education of healthcare professionals have further driven demand for medical radiation detection, monitoring, and safety devices and solutions.

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COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Gas-filled Detectors Segment Accounted for Largest Revenue Share in 2020:

Among detector type segments, the gas-filled detectors segment – which is further segmented into GM Counters, Ionization Chambers, and Proportional Counters – accounted for the largest revenue share in the global medical radiation detection, monitoring, and safety market in 2020. Key factors driving the revenue growth of this segment are growing use of gas-filled detectors in the field of medical imaging due to its favorable performance-to-cost ratio. Several advantages associated with ionization chambers, such as uniform response to gamma radiation, accurate dose reading, and sustained high radiations, are expected to further boost this segment’s revenue growth.   

Hospitals & Clinics Segment to Account for Fastest Revenue CAGR:

Based on application, the global medical radiation detection, monitoring, and safety market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, and Others. The hospitals & clinics segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Growing prevalence of cancer worldwide, rapid adoption of safety measures in the healthcare sector, increasing use of advanced dosimeters and detectors in radiology, emergency care, nuclear medicine, dentistry, and various other medical fields, and increasing number of radiographic imaging, angiography, fluoroscopy, and computed tomography (CT) procedures drive revenue growth of this segment.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America medical radiation detection, monitoring, and safety market accounted for the highest revenue share contribution in the global market in 2020. Growing prevalence of cancer, rapid adoption of advanced medical radiation exposure detection and monitoring equipment in hospitals, diagnostic centers, and ambulatory surgical centers, increasing government initiatives to enhance the safety of healthcare facilities, and presence of key market players in the region, including Thermo Fisher Scientific, Mirion Technologies, Inc., and Sun Nuclear Corporation, are major contributors to revenue growth of the regional market.

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Major Companies in the Global Medical Radiation Detection, Monitoring, and Safety Market Include:

  • Mirion Technologies, Inc.
  • Sun Nuclear Corporation
  • Thermo Fisher Scientific
  • Fortive Corporation
  • Bertin Instruments
  • Polimaster, Inc.
  • Biodex Medical Systems, Inc.
  • Amray Group
  • PTW Freiburg GmBH
  • Infab Corporation

For the purpose of this report, Emergen Research has segmented the global medical radiation detection, monitoring, and safety market based on product type, detector type, application, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

  • Personal Dosimeters
  • Passive Dosimeters
  • Active Dosimeters
  • Area Process Monitors
  • Environment Radiation Monitors
  • Surface Contamination Monitors
  • Radioactive Material Monitors
  • Others

Detector Type Outlook (Revenue, USD Million; 2018-2028)

  • Gas-filled Detectors
  • GM Counters
  • Ionization Chambers
  • Proportional Counters
  • Scintillators
  • Inorganic Scintillators
  • Organic Scintillators
  • Solid-state Detectors
  • Semiconductor Detectors
  • Diamond Detectors

Application Outlook (Revenue, USD Million; 2018-2028)

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Others

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Region Outlook (Revenue, USD Million; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

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