According to the Astute Analytica study on the global Radiation Detection Market, the size of the market will increase from $1,173.0 million in 2020 to $2,558.1 million by 2030, registering a remarkable compound annual growth rate (CAGR) of 5% from 2022 to 2030.
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Radiation Detection Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.
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The rising occurrence of cancer necessitates the use of medical radiation detectors, which drives the market expansion. Furthermore, increase in the use of nuclear medicine and radiation therapy for the diagnosis and treatment of acute radiation illness will contribute to the market growth in future. Furthermore, there has been a significant increase in the number of diagnostic imaging facilities that require medical radiation detectors to avoid excessive radiation exposure, fuelling the market development throughout the projection period.
The global radiation detection market is segmented on the basis of detection type, product, end user, and region. On the basis of detection type, the market is categorized into gas-filled detectors, scintillators, and solid-state. By product, it is classified into personal dosimeters, area process dosimeters, surface contamination monitors, and others. By end user, it is divided into hospitals, ambulatory surgical centers, clinics, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on detection type, the market is categorized into gas-filled detectors, scintillators, and solid-state. In addition, the gas-filled detectors segment is expected to gain highest revenue during the forecast period. This is attributed to spike in demand for gas-filled detectors to aid in the control of severe radiation exposure. In addition, the improvement in usage of nuclear medicines would propel the market growth in the coming years.
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Based on product, the personal dosimeters segment is anticipated to gain the fastest CAGR during the forecast period, owing to the benefits of personal dosimeters, including an alert system for radiation exposure throughout the day and the availability of indications that aid in detecting increased sensitivity to hazardous radiation. However, area process dosimeters are expected to gain significant share during the forecast period. This is attributed to the rising need for such dosimeters for detecting hazardous radiation in the commenced period.
Based on end user, the market is divided into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is anticipated to gain the fastest CAGR during the forecast period, owing to surge in number of outpatients and inpatients in hospitals as well as an increase in patient population during the forecast period. In addition, the clinics segment is expected to gain significant share, owing to the ease in accessibility of clinics in remote areas, thereby propelling the market growth.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- A comprehensive analysis of factors that drive and restrain the growth of the market is provided.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Detection Type
- Gas-Filled Detectors
- Scintilators
- Solid-State
By Product
- Personal Dosimeters
- Area Process Dosimeters
- Surface Contamination Monitors
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Mirion Technologies, Inc.
- Sun Nuclear Corporation
- Fortive Corporation
- Biodex Medical Systems, Inc.
- Thermo Fisher Scientific
- Polimaster, Inc.
- IBA Worldwide
- AmRay Group
- PTW Freiburg GmbH
- Infab Corporation
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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