Medical Radiation Detection Market, By Detector Type (Gas-Filled Detectors, Scintilators, Solid-State), By Product type (Area Process Dosimeters, Surface Contamination Monitors, Personal Dosimeters, and Others), By End-User Industry (Hospitals, Ambulatory Surgical Centers, Clinics, Others), By Region - Global Analysis Forecast Till 2030

The medical radiation detection market was valued at $1.2 Billion in 2021 and is projected to reach $2.6 Billion by 2030, registering a CAGR of 9.1% from 2021 to 2030.

Medical radiation detectors are pieces of medical technology that detect the presence of radiation. When exposed to radiation for an extended period, a person is more likely to develop a variety of fatal illnesses. This increases the demand for equipment capable of detecting the amount of radiation accumulated in the body. Some of the major detectors available for identifying radioactive materials and ionizing radiation include the Handheld Survey Meter, personal radiation detector, Radiation Portal Monitor, and Radiation Isotope Identification Device. As technology advances, various radiation detection devices may become available for use at home. Dosimeters are medical radiation sensors that can descry Gamma shafts, the most dangerous external radioactive trouble.
The adding  frequency of cancer necessitates the use of medical radiation sensors, which drives request growth. In addition, the increased use of nuclear drugs and radiation remedies for the opinion and treatment of acute radiation illness will contribute to request growth in the future. Likewise, the number of individual imaging installations that bear medical radiation sensors to avoid inordinate radiation exposure has increased significantly, fueling development throughout the period. Rising awareness about the dangers of prolonged radiation exposure, particularly in radiation-prone environments, as well as an increase in the number of people with medical insurance, would also drive the medical radiation detection market during the forecast period.

Market Dynamics

Drivers

Nuclear medicine and radiation therapy are increasingly being used for diagnosis and treatment.

Nuclear medicine practices have changed dramatically over the last decade due to advances in radiopharmacy, instrumentation, and information technology. The growing use of nuclear medicine in diagnosing and treating diseases such as cancer and cardiovascular disorders has increased the demand for radiation detection, monitoring, and safety devices.

Restraints

Regulators have strict requirements.

Each country has a standard set of medical radiation regulations that regulatory bodies/departments define. For example, the US Department of Labor has defined radiation protection standards in collaboration with the Nuclear Regulatory Commission (NRC), the International Commission on Radiological Protection (ICRP), National Council on The National Council on Radiation Protection (NCRP), the Food and Drug Administration (FDA), and the United States Department of Energy (DOE). Several guidelines for approving medical radiation detection, monitoring, and safety products have been implemented by these departments. These stringent regulations, however, lengthen the timelines involved in the product approval process.

The medical radiation detection, monitoring, and safety market is moderately consolidated. In 2020, the top medical radiation detection, monitoring, and safety market players were Fortive, Mirion Technologies, Inc., Thermo Fisher Scientific Inc., Ludlum Measurements, Inc., and IBA Worldwide. There is fierce competition among medical radiation detection market players. Only large corporations can afford large capital investments and high R&D and manufacturing costs.

Key players:

• Fortive

• Mirion Technologies Inc.

• Thermo Fisher Scientific Inc.

• Ludlum Measurements, Inc.

• IBA Worldwide

• Biodex Medical System, Inc.

• Thermo Fisher Scientific

• Polimaster, Inc.

• Amyray Group

• PTW Freiburg GmbH

• Infab Corporation.

• Centronc

• Arrow-Tech,Inc

• Centronic

• LND

• Bar-Ray Products

Market Segmentation:

Medical Radiation Detection Market, By Detector Type

• Gas-Filled Detectors

• Scintillators

• Solid-State

Medical Radiation Detection Market, By Product Type

• Personal Dosimeters

• Area Process Dosimeters

• Surface Contamination Monitors

• Others

Medical Radiation Detection Market, By End-User Industry

• Hospitals

• Ambulatory Surgical Centers

• Clinics

• Others

Medical Radiation Detection Market, By Region

• North America

• Middle East

• APAC

• Europe

• Africa

Regional Analysis

The Asia Pacific region is anticipated to have the highest CAGR during the cast period. APAC market is about to grow the fastest because of factors like the increased number of hospitals, the rising prevalence of cancer, the increased number of radiological imaging system installations, and the increased relinquishment of radiation remedy for complaint treatment are propelling the Asia Pacific request forward.  

Scope of the Report:

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