The medical radiation detection global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Radiation Detection Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The medical radiation detection market size has grown strongly in recent years. It will grow from $0.71 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to early developments in radiation measurement techniques, regulatory frameworks for radiation safety, advancements in diagnostic imaging modalities, increasing use of radiation in medical procedures, and evolving understanding of radiation effects on health.
The medical radiation detection market size is expected to see strong growth in the next few years. It will grow to $1.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to technological advancements in sensor technology, stricter regulatory requirements for radiation safety, increasing prevalence of cancer and chronic diseases, rising adoption of nuclear medicine and radiation therapy, and growing demand for accurate and efficient diagnostic imaging. Major trends in the forecast period include artificial intelligence integration for real-time data analysis, the development of compact and portable detection devices, enhanced radiation dose monitoring and optimization techniques, increased use of hybrid imaging technologies, and advancements in connectivity for remote monitoring and data sharing.
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Scope Of Medical Radiation Detection Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Radiation Detection Market Overview
Market Drivers –
The rise in cancer cases is expected to propel the growth of the medical radiation detection market going forward. Cancer refers to a group of diseases characterized by abnormal cell growth with the potential to invade or spread to other parts of the body. The rise in cancer cases can be attributed to factors such as aging populations, lifestyle factors such as smoking and diet, environmental exposures such as pollution and UV radiation, genetic predisposition, and advancements in cancer detection and screening technologies. Medical radiation detection helps prevent cancer by ensuring accurate and safe exposure levels during diagnostic imaging and therapy, minimizing potential health risks to patients and healthcare providers. For instance, in July 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of cancer cases diagnosed in Australia rose from 156,781 in 2021 to 160,570 in 2022. Therefore, the rise in cancer cases is driving the growth of the medical radiation detection market.
Market Trends –
Major companies operating in the medical radiation detection market are focused on developing advanced solutions, such as photon-counting detectors, to gain a competitive edge in the market. A photon-counting detector is a sensor that detects and counts individual photons, providing high-resolution and low-noise imaging. For instance, in March 2022, Siemens Healthineers, a Germany-based healthcare company, launched two innovative medical imaging solutions, MAGNETOM Free.Star and NAEOTOM Alpha. The MAGNETOM Free.Star built on their innovative High-V MRI Platform. This advanced scanner features the latest DryCool technology, making it nearly helium-free with an ultra-compact design that simplifies installation. Additionally, the NAEOTOM Alpha is the world’s first photon-counting CT scanner. Equipped with the groundbreaking QuantaMax detector, it delivers high-resolution images with minimal radiation exposure, provides spectral information in every scan, and enhances contrast while reducing noise levels.
The medical radiation detection market covered in this report is segmented –
1) By Product: Personal Dosimeters, Area Process Dosimeters, Surface Contamination Monitors, Other Products
2) By Type: Gas Filled Detectors, Scintillators, Solid State
3) By Safety Type: Apron, Shields, Face Masks, Gloves, Full Body Protection Products, Face Protection Products, Other Safety Types
4) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Non Hospitals, Other End Users
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Regional Insights –
North America was the largest region in the medical radiation detection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical radiation detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the medical radiation detection market are Mirion Technologies Inc, MP BIOMEDICALS LLC, Trivitron Healthcare, Ludlum Measurements Inc, Biodex Medical System Inc, Narang Medical, ATOMTEX CO, AMETEK ORTEC, Berkeley Nucleonics, Bar-Ray Products, IBA Dosimetry GmbH, Centronic Ltd, LND Ltd, Polimaster Inc, Scionix Holland, Alpha Spectra Inc, Arrow-Tech Inc, Bertin Instruments, LANDAUER, Luxium Solutions, Nucleonix Systems, SE International Inc, NUVIATech Instruments, Mi-Net Technology, Seair Exim Solutions
Table of Contents
1. Executive Summary
2. Medical Radiation Detection Market Report Structure
3. Medical Radiation Detection Market Trends And Strategies
4. Medical Radiation Detection Market – Macro Economic Scenario
5. Medical Radiation Detection Market Size And Growth
…..
27. Medical Radiation Detection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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