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The medical radiation detection, monitoring & safety market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 8%, as per The Business Research Company’s market report!

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The Medical Radiation Detection, Monitoring & Safety Market Size In 2022 And Forecast

The global medical radiation detection, monitoring & safety market is expected to grow from $1.56 billion in 2021 to $1.68 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The medical radiation detection, monitoring, and safety market is expected to grow to $2.27 billion in 2026 at a CAGR of 7.9%.

The medical radiation detection, monitoring, and safety market consists of sales of medical radiation detection, monitoring, and safety services by entities (organizations, sole traders, and partnerships) that are used for radiation monitoring and detection during medical procedures.

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High Prevalence Of Cancers Is Driving The Growth Of The Medical Radiation Detection, Monitoring & Safety Market

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.

Competitive Landscape And The Regional Analysis Of The Medical Radiation Detection, Monitoring & Safety Market

Major players in the medical radiation detection, monitoring & 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.

Additionally, as per TBRC’s research – North America was the largest region in the medical radiation detection, monitoring & safety market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Medical Radiation Detection, Monitoring & Safety Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical radiation detection, monitoring & safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical radiation detection, monitoring & safety market.

Research And Development For Technological Advancement – A Key Trend In The Medical Radiation Detection, Monitoring & Safety Market

Major companies are investing in R &D activities to develop new products and support innovation.

Medical Radiation Detection, Monitoring & Safety Market Segmentation By The Business Research Company

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

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