Medical Radiation Detection Trends and Forecast
The future of the global medical radiation detection market looks promising with opportunities in the hospital, ambulatory surgical center, diagnostic imaging center, and homecare markets. The global medical radiation detection market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are growing use of radiation therapy and nuclear medicine in diagnosis and treatment, increasing cancer incidence, and rising number of radio diagnostic procedures performed.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Radiation Detection by Segment
The study includes a forecast for the global medical radiation detection by type, product, end use, and region.
Medical Radiation Detection Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Gas-Filled Detectors
• Scintillators
• Solid-State
Medical Radiation Detection Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Personal Dosimeters
• Area Process Dosimeters
• Surface Contamination Monitors
• Others
Medical Radiation Detection Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Imaging Centers
• Homecare
• Others
Medical Radiation Detection Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Radiation Detection Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical radiation detection companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical radiation detection companies profiled in this report include-
• Fortive
• Mirion Technologies
• Thermo Fisher Scientific
• Ludlum Measurements
• IBA Worldwide
Medical Radiation Detection Market Insights
Lucintel forecasts that gas-filled detector will remain the largest segment over the forecast period due to its advantages like extremely sensitive to ionizing radiation and capable of picking up extremely low radiation levels.
Within this market, hospital will remain the largest segment due to the growing number of elderly people and the rise in chronic illnesses.
North America will remain the largest region over the forecast period due to increasing awareness of the possible dangers of being exposed to ionizing radiation during medical procedures.
Features of the Global Medical Radiation Detection Market
Market Size Estimates: Medical radiation detection market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical radiation detection market size by type, product, end use, and region in terms of value ($B).
Regional Analysis: Medical radiation detection market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, products, end uses, and regions for the medical radiation detection market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical radiation detection market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the medical radiation detection market size?
Answer: The global medical radiation detection market is expected to reach an estimated $1.5 billion by 2030.
Q2. What is the growth forecast for medical radiation detection market?
Answer: The global medical radiation detection market is expected to grow with a CAGR of 6.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical radiation detection market?
Answer: The major drivers for this market are growing use of radiation therapy and nuclear medicine in diagnosis and treatment, increasing cancer incidence, and rising number of radio diagnostic procedures performed.
Q4. What are the major segments for medical radiation detection market?
Answer: The future of the medical radiation detection market looks promising with opportunities in the hospital, ambulatory surgical center, diagnostic imaging center, and homecare markets.
Q5. Who are the key medical radiation detection market companies?
Answer: Some of the key medical radiation detection companies are as follows:
• Fortive
• Mirion Technologies
• Thermo Fisher Scientific
• Ludlum Measurements
• IBA Worldwide
Q6. Which medical radiation detection market segment will be the largest in future?
Answer: Lucintel forecasts that gas-filled detector will remain the largest segment over the forecast period due to its advantages like extremely sensitive to ionizing radiation and capable of picking up extremely low radiation levels.
Q7. In medical radiation detection market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing awareness of the possible dangers of being exposed to ionizing radiation during medical procedures.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical radiation detection market by type (gas-filled detectors, scintillators, and solid-state), product (personal dosimeters, area process dosimeters, surface contamination monitors, and others), end use (hospitals, ambulatory surgical centers, diagnostic imaging centers, homecare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Radiation Detection Market, Medical Radiation Detection Market Size, Medical Radiation Detection Market Growth, Medical Radiation Detection Market Analysis, Medical Radiation Detection Market Report, Medical Radiation Detection Market Share, Medical Radiation Detection Market Trends, Medical Radiation Detection Market Forecast, Medical Radiation Detection Companies, write Lucintel analyst at email:Â helpdesk@lucintel.com. We will be glad to get back to you soon.