Medical Radiation Detection Market Worth 1,215.4 million | Increasing usage of nuclear medicine and radiation therapy

PUNE, India, 2020-May-26 — /EPR Network/ —

[189 Pages Report] The Global Medical Radiation Detection Market is expected to reach USD 1,215.4 million, at a CAGR of 6.5% during the forecast period.

Market Dynamics:

Driver: Increasing Usage of Nuclear Medicine and Radiation Therapy for Diagnosis and Treatment;

According to the World Nuclear Association, as of December 2016, more than 10,000 hospitals across the globe used radioisotopes in medical procedures, and about 90% of these procedures were for diagnostic purposes. Approximately 50 to 55 million nuclear medicine procedures are performed annually worldwide. In the U.S. alone, annually, more than 20 million nuclear medicine procedures are performed among 311 million people and in Europe, about 10 million nuclear medicine procedures are performed among 500 million people. The World Nuclear Association also reports that North America dominates the diagnostic radioisotopes market and accounts for ~50% of the market share; the U.S. is the largest contributor to the North American diagnostic radioisotopes market, followed by Europe which accounts for ~20% of the share.

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The personal dosimeters segment is accounted for the largest share of the market during the forecast period

On the basis of product, the medical radiation detection and monitoring market is segmented into personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, radioactive material monitors, and other products. In 2016, the personal dosimeters segment accounted for the largest share of the market. The growth of this segment can be attributed to the high demand for personal dosimeters in the medical field.

The full-body protection products segment is expected to grow at the highest CAGR during the forecast period.

On the basis of product, the medical radiation safety market is segmented into full-body protection products, face protection products, hand safety products, and other safety products. The full-body protection products segment is expected to grow at the highest CAGR during the forecast period. The increase in the number of radiological procedures and awareness among physicians, radiologists, and patients are driving the growth of the full-body protection products market.

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North America to hold the largest share and Asia Pacific is projected to be the fastest-growing regional market during the forecast period.

The medical radiation detection, monitoring, and safety market is segmented into four major regional segments—North America, Europe, Asia, and the Rest of the World (RoW). In 2016, the North American segment is expected to command the largest share, while Asia is expected to be the fastest-growing region of the medical radiation detection, monitoring, and safety market.

The medical radiation detection monitoring and safety market is highly fragmented in nature due to the presence of a few large players. The key players in the detectors market are Atomtex SPE (Republic of Belarus), Ludlum Measurements, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), LND, Inc. (U.S.)., Thermo Fisher Scientific, Inc. (U.S.), Landauer, Inc. (U.S.), IBA Dosimetry GmbH (Germany), Biodex Medical Systems (U.S.), Fluke Biomedical (U.S.), Arrow-Tech (U.S.), Radiation Detection Company (U.S.), Laurus Systems, Inc. (U.S.), Centronic, Ltd. (U.K.), LND, Inc. (U.S.)