Global Medical Radiation Detection Market Report 2023: Increasing Use of Diagnostic Imaging Drives Growth

Global Medical Radiation Detection Market

Dublin, May 18, 2023 (GLOBE NEWSWIRE) -- The "Medical Radiation Detection Market Size, Share & Trends Analysis Report By Type (Gas-filled Detector, Scintillators), By Product (Personal Dosimeters, Area Process Dosimeters), By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.The global medical radiation detection market size is expected to reach USD 1, 683.35 million by 2030. The market is expected to expand at a CAGR of 7.53% from 2023 to 2030.

Companies Mentioned

Thermo Fisher Scientific, Inc.

UAB Polimaster Europe

PTW Freiburg GmbH

ATOMTEX

Sanlar imex services private limited

LANDAUER

Mirion Technologies, Inc

MP BIOMEDICALS.

SIERRA RADIATION DOSIMETRY SERVICE, INC.

IBA Dosimetry GmbH

The primary factor driving the industry is due to greater demand for radiation detection and medical diagnostics. As per the estimates CDC in 2020 cancer was the second leading cause of death in the U.S. The increase in the prevalence of this disease is fuelling the demand for the treatment which in turn, is influencing the demand for detection devices. Additionally advancements in technology such as the use of artificial intelligence and nanotechnology aid in detecting the very low level of radiation with high accuracy further influencing the growth of the market.The COVID-19 pandemic has had a significant impact on the medical radiation detection, monitoring and safety market. Radiation therapy is a critical component of cancer treatment, and the pandemic has disrupted cancer diagnosis and treatment globally. Many cancer patients have been forced to postpone or cancel their radiation therapy treatments due to the pandemic's limitations on healthcare systems and resources.

The pandemic has also resulted in a decline in the number of cancer diagnoses, which has led to a decrease in the demand for radiation therapy.

Furthermore, the COVID-19 outbreak had disrupted global supply chains and caused delays in the delivery of radiation therapy equipment and supplies.

However. The market has also accelerated the adoption of advanced technologies in radiation therapy, such as image-guided radiation therapy and proton therapy, which can improve treatment outcomes and reduce the risk of side effects. These advancements are expected to drive the growth of the medical radiation therapy market over the forecast period.Medical Radiation Detection Market Report Highlights

In 2022, North America dominated the market in terms of the revenue share by 34.20%. This is attributed to growing concern about the potential risks associated with exposure to ionizing radiation in medical procedures

In 2022, based on product, personal dosimeters accounted for the highest revenue share in 2022 owning to its properties such as being lightweight, and easy to access

On the basis of type, gas-filled detectors accounted for the highest revenue share in 2022 owning popularity due to several advantages they offer over other types of radiation detectors

On the basis of end-use. The hospitals segment accounted for the highest revenue share in 2022. This is attributed to the increasing geriatric population and an increase in chronic diseases, there is a growing demand for medical imaging procedures, such as X-rays, CT scans, and PET scans

Key Attributes:

Report Attribute

Details

No. of Pages

150

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$944.52 Million

Forecasted Market Value (USD) by 2030

$1683.35 Million

Compound Annual Growth Rate

7.5%

Regions Covered

Global

Key Topics Covered: Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Market Variables, Trends & Scope3.1 Market Lineage Outlook3.1.1 Parent Market Outlook3.1.1.1 Radiation Detection, Monitoring And Safety Market Market3.1.2 Related/Ancillary Market Outlook3.1.2.1 Radiation Oncology Market3.2 Market Dynamics3.2.1 Market Driver Analysis3.2.2. Increasing Use of Diagnostic Imaging3.2.3 Growing Awareness of Radiation Risks3.2.4 Market Restraint Analysis3.2.2.1 Lower Adoption in Emerging Economies3.2.2.2 High Cost and Lack of Skilled Work Professional3.2.3 COVID 19 IMPACT3.3 Medical Radiation Detection Market Analysis Tools3.3.1 Industry Analysis - Porter's3.3.2 Pestel AnalysisChapter 4 Medical Radiation Detection Market, By Type 2018 - 2030 (USD Million)4.1 Type Market Share Analysis4.2 Segment Dashboard4.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following4.3.1 Gas-Filled Detectors4.3.1.1 Gas-Filled Detectors Market Estimates And Forecast, 2018 - 2030 (USD Million)4.3.2 Scintillators4.3.2.1 Scintillators Market Estimates And Forecast, 2018 - 2030 (USD Million)4.3.3 Solid-State4.3.3.1 Solid-State Market Estimates And Forecast, 2018-2030 (USD Million)Chapter 5 Medical Radiation Detection Market Analysis, By Product 2018 - 2030 (USD Million)5.1 Application Market Share Analysis5.2 Segment Dashboard5.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following5.3.1 Personal Dosimeters5.3.1.1 Personal Dosimeters Market Estimates And Forecast, 2018 - 2030 (USD Million)5.3.2 Area Process Dosimeters5.3.2.1 Area Process Dosimeters Market Estimates And Forecast, 2018 - 2030 (USD Million)5.3.3 Surface Contamination Monitors5.3.3.1 Surface Contamination Monitors Market Estimates And Forecast, 2018 - 2030 (USD Million)5.3.4 Others5.3.4.1 Others Market Estimates And Forecast, 2018-2030 (USD Million)Chapter 6 Medical Radiation Detection Market Segment Analysis, By End-Use 2018 - 2030 (USD Million)6.1 End-Use Market Share Analysis6.2 Segment Dashboard6.3 Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following6.3.1 Hospitals6.3.1.1 Hospitals Market Estimates And Forecast, 2018 - 2030 (USD Million)6.3.2 Ambulatory Surgical Centers6.3.2.1 Ambulatory Surgical Centers Estimates And Forecast, 2018 - 2030 (USD Million)6.3.3 Diagnostic Imaging Centers6.3.3.1 Diagnostic Imaging Centers Estimates And Forecast 2018-2030 (USD Million)6.3.4 Homecare6.3.4.1 Homecare Market Estimates And Forecast, 2018-2030 (USD Million)Chapter 7 Medical Radiation Detection Market Regional Market Analysis, 2018-2030 (USD Million) Chapter 8 Medical Radiation Detection Market: Competitive Market Analysis

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Global Medical Radiation Detection Market