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Medical Radiation Detection, Monitoring and Safety - Global Market Trajectory & Analytics

  • ID: 4805200
  • Report
  • May 2021
  • Region: Global
  • 398 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alpha Spectra Inc
  • Atomtex Spe
  • Centronic ltd
  • Infab corporation
  • Ludlum measurements, Inc
  • Nucleonix Systems Pvt Ltd

Global Medical Radiation Detection, Monitoring and Safety Market to Reach $1.1 Billion by 2026


Safety from radiation is critical for staff, physicians, and patients in various medical departments such as surgery, interventional cardiology, and radiology. Radiation that is emanated during fluoroscopic procedures is the reason behind the highest radiation dose that medical staff is exposed to. But radiation from nuclear imaging, mammography, and computed tomography does not contribute much to the overall exposure of healthcare professionals. But any exposure to radiation poses risk to healthcare employees as well as patients. Radiation protection focuses on lowering any unneeded radiation exposure, with an aim to reduce the hazardous impacts of ionizing radiation. In the medical arena, ionizing radiation has emerged to be a widely employed tool for the diagnosis and treatment of a range of medical conditions. With its application increasing, the cumulative doses of radiation which medical personnel and patients receive have also grown. Majority of radiation exposure in the medical field is on account of fluoroscopic imaging, which leverages x-rays to achieve cinematic and dynamic functional imaging. Fluoroscopy finds applications in several specialties such as gastroenterology, vascular surgery, interventional cardiology, interventional radiology, urology, and orthopaedics.

Amid the COVID-19 crisis, the global market for Medical Radiation Detection, Monitoring and Safety estimated at US$884.4 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Personal Dosimeters, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$313.7 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Environment Radiation Monitors segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $306 Million in 2021, While China is Forecast to Reach $103 Million by 2026


The Medical Radiation Detection, Monitoring and Safety market in the U.S. is estimated at US$306 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$103 Million by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

The market is witnessing rapid growth due to the rise in the prevalence and incidence of cancer; growing use of nuclear medicine and radiation therapy for the diagnosis and treatment of cancer; the widespread usage of radioactive isotopes, the feed material for nuclear medicine; increasing awareness regarding the adverse effects of radioactive materials used in radiation therapy, are driving the demand for medical radiation detection, monitoring & safety market. Patients undergoing nuclear medicine procedures are also at risk of exposure to radioactive materials, requiring the healthcare professionals to follow due procedures in dosimetry for optimal dosages. Medical radiation detection, monitoring & safety devices provide the required safeguards for healthcare professionals as well as patients against exposure to radiation, thus enabling a safe environment or treatment with minimal risks. The market is also driven by rise in the number of diagnostic imaging centres and increasing insurance coverage provided for cancer patients.

Surface Contamination Monitors Segment to Reach $163.6 Million by 2026


In the global Surface Contamination Monitors segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$98 Million in the year 2020 will reach a projected size of US$131 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.6 Million by the year 2026, while Latin America will expand at a 6.1% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

  • Alpha Spectra Inc
  • AmRay Group
  • Arrow Tech Inc
  • Atomtex Spe
  • Bar - Ray Products
  • Bertin Technologies SAS
  • Biodex Medical Systems, Inc
  • Centronic ltd
  • Fluke Biomedical
  • Landauer
  • IBA Worldwide
  • Infab corporation
  • Lnd, Inc
  • Ludlum measurements, Inc
  • Micron Semiconductor Ltd
  • Mirion technologies, Inc
  • Nucleonix Systems Pvt Ltd
  • Polimaster Inc
  • PTW-Freiburg Gmbh
  • RadComm Systems
  • Radiation Detection Company Inc
  • SCIONIX Holland B.V
  • S E International Inc
  • Sun Nuclear Corporation
  • Thermo fisher scientific, Inc
  • Trivitron Healthcare Private Limited
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alpha Spectra Inc
  • Atomtex Spe
  • Centronic ltd
  • Infab corporation
  • Ludlum measurements, Inc
  • Nucleonix Systems Pvt Ltd
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Radiation Exposure and Protection
  • X-Ray Radiation and Radiation Doses
  • Effects of Radiation
  • Solutions to Lower Radiation Exposure
  • Cardiac Cath Labs Pose High Risk
  • Measuring and Monitoring Radiation Dose
  • Dose Limits
  • Global Medical Radiation Detection, Monitoring & Safety Market Set for a Steady Growth Post COVID-19
  • The US Dominates, Developing Regions to Register Faster Growth
  • Personal Dosimeters - The Key Product Used, Safety Product to Register Fastest Growth
  • Hospitals Hold the Major Share by End-use
2. FOCUS ON SELECT PLAYERS
  • Recent Market Activity
  • Innovations
3. MARKET TRENDS & DRIVERS
  • Rise in Cancer Incidence Fosters Market Growth
  • Exhibit 1: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Exhibit 2: Global Number of New Cancer Cases and Cancer-related Deaths by Cancer Site for 2018
  • Exhibit 3: Number of New Cancer Cases and Deaths (in Million) by Region for 2018
  • Increasing Number of Nuclear Medicine Drives Market Growth
  • Distinct from General Radiology
  • Nuclear Medicine Scans
  • Radioisotopes: Essential for Nuclear Medicine Procedure
  • Clinical Applications of Select Isotopes
  • Ageing Demographics to Drive Market Demand
  • Exhibit 12: Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Personal Dosimeters - The Largest Type of Dosimeters
  • Types of Personal Dosimeters
  • Electronic Personal Dosimeters
  • DMC 3000 Electronic Personal Dosimeter
  • Solid State Semiconductor Detectors to Power Advancements in Nuclear Medicine
  • Solid State Technologies Foray into High Resolution Medical Detectors
  • Flexible Direct X-Ray Detectors - Organic Growth Ahead in Personal Dosimetry
  • Uranium Adds Sparkle to the Scintillators
  • A Terahertz Ray of Hope for Cancer Therapy
  • Changes to IEC Standards Governing Dosimeters
  • Increasing use of Photonic Devices for Medical Radiation Dosimetry
  • Film Badge Dosimeters Offer Increased Reliability
  • Lead aprons offer little protection during X-rays. Why do so many clinicians keep using them?
  • Technological Advancements
  • Argonne National Laboratories and Los Alamos Develop Perovskite-based X-ray Detector
  • Gallium Oxide-based Radiation Detectors Offer Promising Results
  • Use of Halide Lead Perovskites to Ionize Radiation Detection Gains Popularity
  • New Real-Time Sub-Terahertz Security Body Scanner
  • Self-Reading Dosimeters
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Largest Market Globally for Medical Radiation Detection, Monitoring & Safety
  • Rising Cancer Cases Spur Market Growth
  • Estimated Number of New Cancer Cases and Deaths in the US (2019)
  • Rapidly Ageing Population: A Major Driving Demand for Medical Radiation Detection, Monitoring & Safety Market
  • Exhibit 1: North American Elderly Population by Age Group (1975-2050)
CANADA
  • High Focus on Improving Healthcare Augurs Well for Market Growth
  • Number of New Cancer Cases in Canada: 2019
JAPAN
  • A High Number of Geriatric Population and Rising Cancer Cases to Drive Market Demand
CHINA
  • Overview of Chinese Healthcare Sector
  • Rising Incidence of Cancer Drives Chinese Medical Radiation Detection, Monitoring & Safety market
  • Number of New Cancer Cases Diagnosed (in Thousands) in China: 2018
EUROPE
  • Cancer in Europe: Key Statistics
  • Cancer Incidence in Europe: Number of New Cancer Cases (in Thousands) by Site for 2018
  • Ageing Population to Drive Demand for Cell Harvesting Market
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Expanding Healthcare Sector
  • Growing Healthcare Awareness
  • India: Expanding Healthcare Sector Offers Opportunity Galore
AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alpha Spectra Inc
  • AmRay Group
  • Arrow Tech Inc
  • Atomtex Spe
  • Bar·Ray Products
  • Bertin Technologies SAS
  • Biodex Medical Systems, Inc
  • Centronic ltd
  • Fluke Biomedical
  • Landauer
  • IBA Worldwide
  • Infab corporation
  • Lnd, Inc
  • Ludlum measurements, Inc
  • Micron Semiconductor Ltd
  • Mirion technologies, Inc
  • Nucleonix Systems Pvt Ltd
  • Polimaster Inc
  • PTW-Freiburg Gmbh
  • RadComm Systems
  • Radiation Detection Company Inc
  • SCIONIX Holland B.V
  • S E International Inc
  • Sun Nuclear Corporation
  • Thermo fisher scientific, Inc
  • Trivitron Healthcare Private Limited
Note: Product cover images may vary from those shown
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