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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