GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET FORECAST 2019-2027

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GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET FORECAST 2019-2027

The global medical radiation detection and monitoring market are anticipated to grow from $XX million in 2018 to $2,031 million by 2027, at a CAGR of 7.10 % between 2019 and 2027. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027. Global medical radiation, detection and monitoring deals by uncovering issues related to the internal structure of the body without any invasive means.

GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET FORECAST 2019-2027

Global Medical Radiation Detection and Monitoring Market by Monitors (Personal Dosimeters, Environmental Radiation& Surface Contamination Monitors, Area Process Monitors, Radioactive Material Monitors) by Detector (Gas-filled Detectors, Solid-state Detectors, Scintillators) by Safety Types (Full-body Protection, Face & Hand Protection, Other Safety Types) by End-user (Hospital, Non-hospital) by Geography.

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Global medical radiation, detection and monitoring deals by uncovering issues related to the internal structure of the body without any invasive means. Due to the frequent rise in fatal accidents number and it is providing many opportunities for the market to proliferate. It allows to identify the root cause of the perturbation and help provide an efficient diagnostic solution regardless of the disease or trauma. The medical radiation detection and monitoring devices market supplies devices that are used to detect and monitor radiations emitted from X-rays, CT scans, MRI machines and other medical devices that emit harmful radiations. The global medical radiation detection and monitoring market are anticipated to grow from $XX million in 2018 to $2,031 million by 2027, at a CAGR of 7.10 % between 2019 and 2027. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027.

Key factors that are responsible for the market advancement are:

  • Rise of nuclear medicine and radiation therapy for diagnosis and treatment
  • Wide use radiation therapies for cancer treatment
  • Awareness and regulation in radiation-prone
  • Increase use of diagnostics in the healthcare industry

The most important driver for the market is the exceptionally high use of radiation therapies for cancer treatment. Rising incidences of cancer is the key driving factor for the growth of global medical radiation detection and monitoring market. As rising incidences of cancer is anticipated to the demand for radiation and nuclear medicine therapies. As radiation therapies are widely used in cancer treatment and diagnosis. According to the World Health Organization, cancer is the second leading cause of death globally and is responsible for an estimated XX million deaths in 2018. Globally, about X in 6 deaths is caused due to cancer which accounts for around one-third of the total number of deaths.

The largest and fastest growing segment belongs to that of the monitors’ sub-segment- “Personal Dosimeters” that covered around 65.13% of the market in 2018. A radiation dosimeter refers is a device that measures the exposure of ionizing radiation. It is used for measurement of dose in both medical diagnostic process and the protective techniques required for human from radiation. The personal dosimeter plays an important role in the field of radiation health physics and radiation dosimetry as it estimates the radiation dose that is deposited on an individual who wears a personal dosimeter. A radiation dosimeter refers to a device that measures the exposure of ionizing radiation.

The challenges of the global medical radiation, detection and monitoring market are the high cost of lead, stringent government regulations and lack of skilled radiation professionals & qualified physicists. The high cost of lead in the manufacturing process of radiation safety devices and accessories is restraining the growth of global medical radiation detection and monitoring market. The manufacturers use lead due to its abundance as a raw material. Lead is used in radiation accessories as they block radiations and reduces the risk of causing a radiation-related adverse effect on people, but safety accessories are of very high cost.

The global medical radiation, detection and monitoring market is segmented in the following ways:

Market by Monitor:

  • Personal  Dosimeters
  • Environmental radiation and surface contamination
  • Area process monitors
  • Radioactive material monitors

Market by Detectors:

  • Gas-filled detectors
  • Solid-state detectors
  • Scintillators

Market by Safety Types:

  • Full-body protection
  • Face & hand protection
  • Other safety types

Market by End-Users:

  • Hospital
  • Non-hospital

Geographically, the global medical radiation detection and monitoring market have been segmented based on four major regions, which includes:

North America had been the largest region in the global market in 2018, as the region had capsized by 47.74%, the largest among all the other nation around the world. North America market mainly covers the countries of the United States and Canada. The medical radiation detection and monitoring devices are mainly used in the specialty centers, diagnostic centers and hospitals. Nuclear medicine is being majorly deployed in the United States as every XX out XX individuals in the United States have received treatment considering nuclear medicine.

Nuclear medicine utility has also been on the up-surging trend in Canada owing to the rising incidences of cancer which mainly includes the breast, lung, colorectal and prostate as this cancer demands the procedures of chemotherapy which include the transfer of medical radiation in an individual body which is further impacting the growth of medical radiation detection and monitoring market in North America.

And the Asia Pacific has the fastest growing regional market for medical radiation detection and monitoring. The market is showing great potential due to the presence of many economies showing greater impulse. Radiopharmaceuticals in neurological applications such as Alzheimer’s disease, Parkinson’s disease, and dementia are boosting the growth of the Asia-Pacific nuclear medicine market.

The Asia Pacific Medical Technology Association (APACMed) represents manufacturers and suppliers of medical equipment, devices and in vitro diagnostics, industry associations and other key stakeholders associated with the medical technology industry in the Asia Pacific. APACMed is the first and only regional association to provide a unified voice for the medical technology industry in the Asia Pacific.

The global medical radiation detection and monitoring market segmented into the market by monitors, detectors, safety types, and end-users. The market by monitors is subdivided into personal dosimeters, environmental radiation & surface contamination, area process monitors and radioactive material monitors. The detector type is further sub-categorized into gas-filled detectors, solid-state detectors, and scintillators. Safety Types are subdivided into Full-body protection type, Face & hand protection type & other safety types and the End User is categorized into Hospital & Non-hospital.

The major market players of the global medical radiation detection and monitoring market are:

  • Fisher Scientific Inc.
  • Mirion Technologies
  • Kromek Group PLC
  • Sun Nuclear Corporation
  • Fluke Biomedical LLC
  • Others

Company Profiles covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in March 2019, Thermo Fisher Scientific Inc. announced that it would be investing $XX million in its Pharma Services business to provide additional capacity for sterile liquid and lyophilized product development and commercial manufacturing. Included in the site expansion projects are Monza and Ferentino, Italy, and Greenville, North Carolina. In response to customer requests, each of the sites had been equipped with aseptic filling lines and isolator technology.

In December, 2017, the Fortive Corporation had entered into a definitive merger agreement with Landauer, where Fortive had acquired Landauer by making a cash tender offer to acquire all of the outstanding shares of Landauer’s common stock for $67.25 per share, for a total enterprise value of approximately $770 million including assumed indebtedness and net of acquired cash.

Key findings of the global medical radiation detection and monitoring market:

  • North America holds the largest market share
  • Hospitals are the chief user of medical radiation and monitoring technology
  • Gas-filled detectors to dominate the detector segment
  • Asia Pacific is growing significantly
  • Increasing the number of diagnostic imaging centers
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA HOLDS THE LARGEST MARKET SHARE
      • HOSPITALS ARE THE CHIEF USER OF MEDICAL RADIATION AND MONITORING TECHNOLOGY
      • GAS-FILLED DETECTORS TO DOMINATE THE DETECTOR SEGMENT
      • ASIA PACIFIC IS GROWING SIGNIFICANTLY
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • RISE OF NUCLEAR MEDICINE AND RADIATION THERAPY FOR DIAGNOSIS AND TREATMENT
      • WIDE USE RADIATION THERAPIES FOR CANCER TREATMENT
      • AWARENESS AND REGULATION IN RADIATION-PRONE WORKPLACES
      • INCREASING USE OF DIAGNOSTICS IN THE HEALTHCARE INDUSTRY
    • MARKET RESTRAINTS
      • HIGH COST OF LEAD – ONE OF THE KEY COMPONENTS IN THE MANUFACTURING OF RADIATION SAFETY DEVICES
      • STRINGENT GOVERNMENT REGULATIONS
    • MARKET OPPORTUNITIES
      • INCREASING NUMBER OF DIAGNOSTIC IMAGING CENTERS
      • EMERGING MARKETS OFFER IMMENSE OPPORTUNITIES FOR MARKET PLAYERS
    • MARKET CHALLENGES
      • LACK OF SKILLED RADIATION PROFESSIONALS & QUALIFIED PHYSICISTS
  1. MARKET BY MONITORS
    • PERSONAL DOSIMETERS
    • ENVIRONMENTAL RADIATION& SURFACE CONTAMINATION MONITORS
    • AREA PROCESS MONITORS
    • RADIOACTIVE MATERIAL MONITORS
  2. MARKET BY DETECTOR
    • GAS-FILLED DETECTORS
    • SOLID-STATE DETECTORS
    • SCINTILLATORS
  3. MARKET SAFETY TYPES
    • FULL-BODY PROTECTION
    • FACE & HAND PROTECTION
    • OTHER SAFETY TYPES
  4. MARKET BY END-USER
    • HOSPITAL
    • NON-HOSPITAL
  5. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • LEAD CONTENT
      • PRICE OF EQUIPMENT
      • SENSITIVITY OF INSTRUMENTS
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • SUPPLY & STRATEGY PLANNING
      • MANUFACTURING AND PACKAGING
      • STORAGE
      • DISTRIBUTION
      • SALES SITES
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • SOUTH KOREA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AADCO MEDICAL, INC.
    • AMRAY MEDICAL
    • BAR-RAY
    • BURLINGTON MEDICAL SUPPLIES INC.
    • FLUKE BIOMEDICAL LLC
    • INFAB CORPORATION
    • KROMEK GROUP PLC
    • LANDAUER INC.
    • MIRION TECHNOLOGIES
    • PROTECH MEDICAL
    • PROTECX MEDICAL
    • RADIATION DETECTION COMPANY INC.
    • SUN NUCLEAR CORPORATION
    • THERMO FISHER SCIENTIFIC INC.
    • UNFORS RAYSAFE

 

TABLE LIST

 

TABLE 1: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY MONITORS, 2019-2027, (IN $ MILLION)

TABLE 3: GLOBAL PERSONAL DOSIMETERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL ENVIRONMENTAL RADIATION AND SURFACE CONTAMINATION MARKET, BY REGION 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL AREA PROCESS MONITORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL RADIOACTIVE MATERIAL MONITORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY DETECTOR, 2019-2027, (IN $ MILLION)

TABLE 8: GLOBAL GAS-FILLED DETECTORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL SOLID-STATE DETECTORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL SCINTILLATORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY SAFETY TYPES 2019-2027, (IN $ MILLION)

TABLE 12: GLOBAL FULL-BODY PROTECTION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL PERSONAL FACE AND HAND PROTECTION, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL OTHER SAFETY TYPES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY END USER, 2019-2027, (IN $ MILLION)

TABLE 16: GLOBAL HOSPITAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL NON HOSPITAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: OPPORTUNITY MATRIX

TABLE 19: VENDOR LANDSCAPE

TABLE 20: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 21: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 22: NORTH AMERICA MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 23: EUROPE MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24: ASIA PACIFIC MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25: REST OF WORLD MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

FIGURE LIST          

FIGURE 1: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY TYPE, 2018 & 2027 (IN %)

FIGURE 2: ASIA PACIFIC MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLIONS)

FIGURE 3: MOST COMMON CANCER-CAUSING DEATHS EXPECTED WORLDWIDE IN 2019

FIGURE 4: NUMBER OF NEW CANCER CASES AND DEATHS IN US 2017

FIGURE 5: WORLDWIDE HEALTHCARE EXPENDITURE PER CAPITA 2019 (IN $)

FIGURE 6: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY PERSONAL DOSIMETERS, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY ENVIRONMENTAL RADIATION AND SURFACE CONTAMINATION, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY AREA PROCESS MONITORS, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY RADIOACTIVE MATERIAL MONITORS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY GAS-FILLED DETECTORS, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY SOLID-STATE DETECTORS, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY SCINTILLATORS, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY FULL-BODY PROTECTION, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY FACE & HAND PROTECTION, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY OTHER SAFETY TYPES, 2019-2027 (IN $MILLION)

FIGURE 16: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY HOSPITAL, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, BY NON-HOSPITAL, 2019-2027 (IN $ MILLION)

FIGURE 18: PORTER’S FIVE FORCE ANALYSIS

FIGURE 19: KEY BUYING IMPACT ANALYSIS

FIGURE 20: VALUE CHAIN ANALYSIS

FIGURE 21: GLOBAL MEDICAL RADIATION DETECTION AND MONITORING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 22: UNITED STATES MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: CANADA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: UNITED KINGDOM MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: GERMANY MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: FRANCE MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: ITALY MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: SPAIN MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: REST OF EUROPE MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $MILLION)

FIGURE 30: CHINA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SOUTH KOREA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: JAPAN MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: INDIA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: AUSTRALIA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: REST OF ASIA PACIFIC MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN MILLION)

FIGURE 36: LATIN AMERICA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: MIDDLE EAST & AFRICA MEDICAL RADIATION DETECTION AND MONITORING MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY MONITORS
    • PERSONAL DOSIMETERS
    • ENVIRONMENTAL RADIATION& SURFACE CONTAMINATION MONITORS
    • AREA PROCESS MONITORS
    • RADIOACTIVE MATERIAL MONITORS
  2. MARKET BY DETECTOR
    • GAS-FILLED DETECTORS
    • SOLID-STATE DETECTORS
    • SCINTILLATORS
  3. MARKET BY SAFETY TYPES
    • FULL-BODY PROTECTION
    • FACE & HAND PROTECTION
    • OTHER SAFETY TYPES
  4. MARKET BY END-USER
    • HOSPITAL
    • NON-HOSPITAL
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • SOUTH KOREA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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