Medical Radiation Detection Market Worth $1,207 million by 2025 – Global Industry Leaders & Growth Divers Adopted

PUNE, India, 2020-Dec-01 — /EPR Network/ —

According to the new market research report “Medical Radiation Detection, Monitoring and Safety Market by Detector (Gas-Filled Detectors, Scintillators, Solid-State), Product (Personal Dosimeters, Passive Dosimeters), Safety (Full Body Protection), End User (Hospitals) – Global Forecast to 2025” published by MarketsandMarkets™

Revenue Growth Opportunities and Growth Drivers?

The Global Medical Radiation Detection Market size is projected to reach USD 1,207 million by 2025 from USD 949 million in 2020, at a CAGR of 4.9% during the forecast period

Growth Boosting Factors:

• Increasing use of nuclear medicine and radiation therapy for diagnosis and treatment
• Rising prevalence of cancer
• Increasing safety awareness among people working in radiation-prone environments
• Growth in the number of people covered by insurance
• Growing number of diagnostic imaging centers

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Leading Key Players in the Worldwide Industry:

Some of the major players operating in this market are Fortive Corporation (US), Mirion Technologies (US), and Thermo Fisher Scientific (US). In 2019, Fortive Corporation held the leading position in the medical radiation monitoring and safety market. The company has a presence in more than 50 countries. Moreover, the company’s strong brand recognition and comprehensive product portfolio in the market is its key strength. Mirion Technologies held the second position in the medical radiation detection, monitoring and safety market in 2019.

Geographical Regions Mapped in Report:

Based on the region, the medical radiation monitoring and safety market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2019, North America accounted for the largest share of the medical radiation safety market. The large share of North America can be attributed to factors such as increasing awareness about radiation safety, growing number of radiodiagnostic procedures performed, and ongoing research aimed at the development of new and advanced radiation detection, monitoring, and safety products.

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Market Segmentation in Detailed:

Based on the detector type, the medical radiation detection and monitoring market is segmented into gas-filled detectors, solid-state detectors, and scintillators. In 2019, the gas-filled detectors segment accounted for the largest market share of medical radiation detection market . The large share of this segment can be attributed to the favorable performance-to-cost ratio of gas-filled detectors coupled with their wide application in the medical imaging field.

Based on products, the medical radiation safety market is segmented into full-body protection, face protection, hand safety, and other medical radiation safety products. In 2019, the full-body protection products segment accounted for the largest market share of market . The growing number of radiological procedures performed and increasing awareness among physicians, radiologists, and patients are driving the growth of the full-body protection products segment.