The global Medical Radiation Detection, Monitoring, and Safety Market is forecasted to be worth USD 1,339.4 Million by 2027, according to a current analysis by Emergen Research. The market is expected to grow due to the rising number of cancer-related incidence. The increasing usage of radiation therapy and nuclear medicine for diagnosis and treatment will drive the demand for the market.

Another driving factor is the growth in diagnostic imaging centers and a surge in the number of people covered under insurance. The usage of advanced technologies through R&D affects the market positively. Medical radiation is related to several health complications. The government is supporting the initiatives taken to find a solution to the problems regarding radiation. The growing awareness among the people across the globe is also a driving factor in the market. The adverse effects of these devices on human involvement in the healthcare industry is creating a demand for safety devices.

The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Medical Radiation Detection, Monitoring, and Safety market is expected to witness numerous exciting opportunities in the years to come. Critical aspects including the growing requirement, demand and supply status, customer preference, distribution channels and others are presented through resources such as charts, tables, and infographics.

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Key Highlights From The Report

In May 2019, Kromek launched 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 that puts a very powerful and sensitive radiation detector into the hands of first-line users.

Personal dosimetry is a part of radiation dosimetry. It is used to determine doses to individuals who are exposed to radiation-related to their working environment. The dosimetry techniques vary and depend partly on the source of radiation outside the body or taken into the body. It is also used to measure external radiation exposure.

The gas-filled detectors segment is expected to grow with the fastest CAGR due to the favorable performance-to-cost ratio of the gas-filled detectors along with the growing usage of the medical imaging field, which is propelling the demand for the segment.

The proliferation of cancer patients in the special clinics and research institutes will drive the demand for the Clinics application segment. These clinics are installing the latest machines to provide sophisticated and safe procedures for the patients. The segment is expected to grow with the fastest CAGR during the forecast years.

North America held the largest share owing to the existence of favorable regulations and technological advancements. Moreover, high demand from the United States will also impact the market positively.

Key participants include Mirion Technologies, Inc., Sun Nuclear Corporation, Thermo Fisher Scientific, Fortive Corporation, Bertin Instruments, Polimaster, Inc., Biodex Medical Systems, Inc., Amray Group, PTW Freiburg GmBH, Infab Corporation, among others.

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