According to Fact.MR, the global medical radiation detection, monitoring and safety market was valued at around US$ 880 Mn in 2020, and is projected to expand 1.7X to top US$ 1.5 Bn by 2031. Increasing use of nuclear medicine and radiation therapy for diagnosis and treatment, growing number of diagnostic imaging centers, rising prevalence of cancer, and increasing number of people covered by insurance are some of the major factors expected to drive market expansion at a CAGR above 6% across the 2021-2031 forecast period.

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Radiation Detection, Monitoring and Safety Market Dynamics

Rising prevalence of cancer, increasing safety awareness among people working in radiation-prone environment, growing safety concerns after the Fukushima disaster, spur in the number of PET/CT scans, increasing adoption of nuclear medicine and radiation therapy for diagnosis and treatment of various diseases, and use of drones for radiation monitoring are some of the elements driving the growth of the radiation detection, monitoring and safety market.

FlyCam UAV partnered with the U.S. Nuclear Corporation, a radiation detection company, to detect radiation from aerial views. The unmanned aerial vehicle (UAVs) can be used to detect radiation leaks in nuclear power plants or flown into plumes of smoke from a burning building to provide immediate data about kind of hazards. It can also be used to monitor public events, sea ports or geographic areas to detect possible dirty radiological bombs or the use of chemical and biological agents.

Rising focus on nuclear power in the emerging economies

Increase in the number of nuclear power plants, technological advancements in radiation detection, and growing focus on clean and reliable sources of electricity generation in developing economies offers ample opportunities to the players to invest in the radiation detection, monitoring and safety market.

Availability of nuclear energy alternatives, such as renewable energy; shortage of nuclear power workforce; and nuclear power phase-out are some of the major factors hindering the growth of the market.

Prominent Key players :

• Amray Group
• Arktis Radiation Detectors Ltd
• Mirion Technologies, Inc.
• Sun Nuclear Corporation
• Thermo Fisher Scientific, Inc.
• Fortive Corporation
• Bertin Instruments
• Polimaster, Inc.
• Biodex Medical Systems, Inc.
• PTW Freiburg GmBH
• Ludlum Measurements, Inc.
• Bar-Ray Products Inc.
• Arrow-Tech Inc.
• Infab Corporation

Key Market Segments :

• 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
  •  Hospitals
  •  Clinics
  •  Ambulatory Surgical Centers
  •  Non-Hospitals

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Questionnaire answered in the Medical Radiation Detection, Monitoring and Safety Market report include:

• How the market for Medical Radiation Detection, Monitoring and Safety has grown?
• What is the present and future outlook of the global Medical Radiation Detection, Monitoring and Safety on the basis of region?
• What are the challenges and opportunities for the Medical Radiation Detection, Monitoring and Safety?
• Why the consumption of Medical Radiation Detection, Monitoring and Safety highest in region?
• In which year segment is expected to overtake segment?

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