The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical radiation detection, monitoring, and safety market report forecasts the medical radiation detection, monitoring, and safety market size to grow to $2.5 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

Learn More On The Medical Radiation Detection, Monitoring And Safety Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-radiation-detection-monitoring-and-safety-global-market-report

Medical Radiation Detection, Monitoring And Safety Market Size Forecast
The global medical radiation detection, monitoring, and safety market is expected to grow from $1.69 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical radiation detection, monitoring & safety market size is expected to grow to $2.5 billion in 2027 at a CAGR of 8.0%.

North America held the largest medical radiation detection, monitoring, and safety market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Medical Radiation Detection, Monitoring And Safety Market Driver ­– Increase In The Prevalence Of Cancers
For instance, according to the World Health Organization, a Switzerland-based specialised agency of the United Nations responsible for international public health, in 2020, cancer accounted for approximately 10 million deaths, or about 1 person in every 6 people. Therefore, the high prevalence of cancers is driving the growth of the medical radiation detection, monitoring, and safety market.

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Key Medical Radiation Detection, Monitoring And Safety Market Trend – Research And Development For Technological Advancement
Major companies are investing in R &D activities to develop new products and support innovation. For instance, Mirion Technologies, Inc., a US-based nuclear monitoring and detection systems provider, reported that R&D expenses were $29.4 million in the year 2021, an increase of $13.5 million, or 84.9%, over the year 2020. The increase in R&D spending of $2.5 million for new product development, such as evrCAM, a new product that leverages the company’s core technology of radiation-tolerant cameras for the nuclear power industry, to fulfil the needs of the radiation oncology business.

Medical Radiation Detection, Monitoring And Safety Market Segment
1) By Medical Radiation Detection and Monitoring Product: Personal Dosimeters, Area Process Monitors, Environment Radiation Monitors, Surface Contamination Monitors, Radioactive Material Monitors, Other Medical Radiation Detection and Monitoring Product
2) By Safety: Full-body Protection, Face Protection, Hand Safety, Other Medical Radiation Safety Products
3) By Detector Type: Gas-Filled Detectors, Scintillators, Solid-State Detectors
4) By End User: Hospitals, Non-Hospitals

Medical Radiation Detection, Monitoring And Safety Market Major Players and Strategies
Major players in the medical radiation detection, monitoring, and safety market are Fortive, Mirion Technologies Inc., Thermo Fisher Scientific Inc., Ludlum Measurements Inc., Radiation Detection Company (RDC) Inc., Atomtex, IBA Worldwide, Scionix, RadComm Systems, Micron Semiconductor Ltd., Bar-ray Products Inc., Bertin Technologies SAS, Centronic Ltd., Fluke Biomedical, Burlington Medical, and AliMed Inc.

In January 2020, Mirion Technologies Inc., a US-based nuclear monitoring and detection systems provider, acquired Capintec Inc. for an undisclosed amount. This acquisition is expected to expand Mirion’s footprint in the medical market by providing broader product and service offerings. Capintec Inc. is a US-based radiation measuring and monitoring instrumentation company with applications in nuclear medicine, nuclear cardiology, oncology, endocrinology, diagnostic radiology, and radiation therapy.

The Medical Radiation Detection, Monitoring And Safety Global Market Report 2023 covers regional data on medical radiation detection, monitoring, and safety market size, medical radiation detection, monitoring, and safety market trends and drivers, opportunities, strategies, and medical radiation detection, monitoring, and safety market competitor analysis. The countries covered in the medical radiation detection, monitoring, and safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical radiation detection, monitoring, and safety equipment are designed for detecting and monitoring the intensity of radiation and also protecting the users from the harmful effects of radiation. The medical radiation detection, monitoring, and safety equipment are used for radiation monitoring and detection during medical procedures.

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