Sales Of Environment Radiation Monitors Projected To Record Around 3% Cagr Over The Next 10 Years

Fact.MR – a market research and competitive intelligence provider, projects the global medical radiation detection, monitoring and safety market to have a positive outlook, expanding at a CAGR of above 6% across the 2021-2031 forecast period.

The world is constantly advancing in technology to protect against the threat and issues of radiation with real-time and immediate results. Medical radiation detection, monitoring and safety equipment is applicable in nuclear medicine for the rapid identification of cancer. It is also used in the monitoring of fatal diseases through visual tracking.

Radiation detectors utilize the interaction of ionizing radiation to produce UV or visible light and are called scintillation detectors. In addition, these detectors provide information about energy distribution of incident radiation, and thus, can be utilized in spectrometers. Furthermore, hospitals, doctors, and dentists use a variety of nuclear materials to diagnose, monitor, and treat a wide assortment of metabolic process and medical condition in humans.

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Key Points Covered in Medical Radiation Detection, Monitoring and Safety Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on the Medical Radiation Detection, Monitoring and Safety Device Sales and How to Navigate
  • Recommendation on Key Winning Strategies

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Key Takeaways from Market Study

  • Global medical radiation detection, monitoring, and safety market to top US$ 1.5 Bn by 2031.
  • Personal dosimeters projected to reach valuation of around US$ 300 Mn by 2031.
  • Sales of environment radiation monitors projected to record around 3% CAGR over the next 10 years.
  • The market in Japan to record 3% CAGR over the forecast period of 2021- 2031.
  • China forecast to reach a projected market size above US$ 105 Mn by 2031.
  • The market in Canada projected to expand at above 4% CAGR over the next 10 years

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Key Market Segments Covered in Medical Radiation Detection, Monitoring and Safety Industry Research

  • Radiation and Monitoring Products

    • Personal Dosimeters
    • Area Process Monitors
    • Environmental Radiation Monitors
    • Surface Contamination Monitors
    • Radioactive Material Monitors
  • Detector

    • Gas-filled Detectors
    • Scintillators
    • Solid State Detectors
  • Safety

    • Full Body Protection
    • Face Protection
    • Hand Protection
  • End User

    • Medical Radiation Detection, Monitoring and Safety Systems for Hospitals
    • Medical Radiation Detection, Monitoring and Safety Systems for Clinics
    • Medical Radiation Detection, Monitoring and Safety Systems for Ambulatory Surgical Centers
    • Medical Radiation Detection, Monitoring and Safety Systems for Non-Hospitals

Competitive Landscape

Major players with a prominent share in the market are focusing on expanding their customer base across several end-use industries.

  • In 2019, Arktis Radiation Detectors Ltd had developed new flat panel gamma (FPG) detector. This detector will significantly improve the capability of detecting the radioactive materials in various applications.
  • In 2020, ECOTEST Group launched new compact search radiometer-dosimeter RKS-01 STORA-ABG with a telescopic tube for quick detection and localization of alpha, beta, gamma and X-ray radiation sources.
  • In 2020, The Dosimetry Services Division of Mirion Technologies acquired Dosimetrics GmbH for the development and production of OSL personal radiation dosimeters and dosimetry solutions, including readers, erasers, software, accessories and automation systems.

How are Personal Dosimeters Stimulating Market Growth?

Personal dosimeters are used for various applications such as electronic radiation measuring instruments, automated reader instruments, thermoluminescent dosimeters (TLD), alarm badges, and handheld and portable devices, which is fueling growth.

Increasing number of diagnostic and interventional radiological procedures performed are major factors supporting the growth of this segment.

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