Medical Radiation Detection Market To Reach $1,683.35Mn By 2030

Medical Radiation Detection Market Growth & Trends

The global medical radiation detection market size is expected to reach USD 1,683.35 million by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.53% from 2023 to 2030.The primary factor driving the industry is due to greater demand for radiation detection and medical diagnostics.

As per the estimates CDC in 2020 cancer was the second leading cause of death in the U.S. The increase in the prevalence of this disease is fuelling the demand for the treatment which in turn, is influencing the demand for detection devices. Additionally advancements in technology such as the use of artificial intelligence and nanotechnology aid in detecting the very low level of radiation with high accuracy further influencing the growth of the market.

The COVID-19 pandemic has had a significant impact on the medical radiation detection, monitoring and safety market. Radiation therapy is a critical component of cancer treatment, and the pandemic has disrupted cancer diagnosis and treatment globally. Many cancer patients have been forced to postpone or cancel their radiation therapy treatments due to the pandemic's limitations on healthcare systems and resources. The pandemic has also resulted in a decline in the number of cancer diagnoses, which has led to a decrease in the demand for radiation therapy. Furthermore, the COVID-19 outbreak had disrupted global supply chains and caused delays in the delivery of radiation therapy equipment and supplies. However, the market has also accelerated the adoption of advanced technologies in radiation therapy, such as image-guided radiation therapy and proton therapy, which can improve treatment outcomes and reduce the risk of side effects. These advancements are expected to drive the growth of the medical radiation therapy market over the forecast period.

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Medical Radiation Detection Market Report Highlights

• In 2022, North America dominated the market in terms of the revenue share by 34.20%. This is attributed to growing concern about the potential risks associated with exposure to ionizing radiation in medical procedures

• In 2022, based on product, personal dosimeters accounted for the highest revenue share in 2022 owning to its properties such as being lightweight, and easy to access

• On the basis of type, gas-filled detectors accounted for the highest revenue share in 2022 owning popularity due to several advantages they offer over other types of radiation detectors

• On the basis of end-use, the hospitals segment accounted for the highest revenue share in 2022. This is attributed to the increasing geriatric population and an increase in chronic diseases, there is a growing demand for medical imaging procedures, such as X-rays, CT scans, and PET scans

Medical Radiation Detection Market Segmentation

Grand View Research has segmented the global medical radiation detection market based on type, product, end-use, and region.

Medical Radiation Detection Type Outlook (Revenue, USD Million, 2018 - 2030)

• Gas-filled Detectors

• Scintillators

• Solid-state

Medical Radiation Detection Product Outlook (Revenue, USD Million, 2018 - 2030)

• Personal Dosimeters

• Area Process Dosimeters

• Surface Contamination Monitors

• Others

Medical Radiation Detection End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Surgical Centers

• Diagnostic Imaging Centers

• Homecare

Medical Radiation Detection Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Medical Radiation Detection Market

• Thermo Fisher Scientific, Inc.

• UAB Polimaster Europe

• PTW Freiburg GmbH

• ATOMTEX

• Sanlar imex services private limited

• LANDAUER

• Mirion Technologies, Inc

•  MP BIOMEDICALS. 

• SIERRA RADIATION DOSIMETRY SERVICE, INC.

• IBA Dosimetry GmbH