The medical radiation detection, monitoring, and safety market is the market for equipment and services used in the medical industry to detect, monitor, and guard against the potentially dangerous effects of ionising radiation. Radiation detectors, dosimeters, and personal protective equipment (PPE) are examples of such items. They are found in a variety of medical settings, including hospitals, clinics, and research institutes. The expanding usage of diagnostic imaging methods that involve ionising radiation, such as X-ray, CT, and nuclear medicine, as well as the growing awareness of the necessity of radiation safety in the medical industry, are driving the market. Furthermore, technology improvements, such as the development of new radiation detection and monitoring technologies, as well as legislative changes, may have an influence on the industry.
Radiation detectors, also known as scintillation detectors, generate UV or visible light by interacting with ionising radiation. These detectors also provide information on the energy distribution of incoming radiation and may thus be employed in spectrometers. Furthermore, radioactive materials are used by hospitals, doctors, and dentists to diagnose, monitor, and treat a wide range of metabolic processes and medical disorders in humans.
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Key Market Segments Covered in Medical Radiation Detection, Monitoring and Safety Industry Research
- Radiation and Monitoring Products
- Personal Dosimeters
- Area Process Monitors
- Environmental Radiation Monitors
- Surface Contamination Monitors
- Radioactive Material Monitors
- Detector
- Gas-filled Detectors
- Scintillators
- Solid State Detectors
- Safety
- Full Body Protection
- Face Protection
- Hand Protection
- End User
- Medical Radiation Detection, Monitoring and Safety Systems for Hospitals
- Medical Radiation Detection, Monitoring and Safety Systems for Clinics
- Medical Radiation Detection, Monitoring and Safety Systems for Ambulatory Surgical Centers
- Medical Radiation Detection, Monitoring and Safety Systems for Non-Hospitals
Key Takeaways from Market Study
- Global medical radiation detection, monitoring, and safety market to top US$ 1.5 Bn by 2031.
- Personal dosimeters projected to reach valuation of around US$ 300 Mn by 2031.
- Sales of environment radiation monitors projected to record around 3% CAGR over the next 10 years.
- The market in Japan to record 3% CAGR over the forecast period of 2021- 2031.
- China forecast to reach a projected market size above US$ 105 Mn by 2031.
- The market in Canada projected to expand at above 4% CAGR over the next 10 years.
Market Competition
Companies leverage strategic collaborative initiatives to increase their market share and profitability. Companies operating in the market are also acquiring start-ups working on radiation detection, monitoring, and safety technologies to strengthen their product capabilities.
- In 2019, IBA Dosimetry launched myQA® iON, a unique environment for rapid and accurate cancer patient QA in proton therapy. myQA iON substantially reduces the required time for patient QA.
- In 2019, Kromek launched the D3S PRD personal radiation detector. It is a high-speed SPRD (spectroscopic radiation detector) or PRD replacement that is a cost-effective radiation detection device, and puts a very powerful and sensitive radiation detector into the hands of first-line users.
- In 2020, Thermofisher Scientific and Nano Pin Technologies Inc. collaborated to advance blood-based infectious disease detection technology through the development of highly sensitive liquid chromatography mass spectrometry (LC-MS)-based workflows.