Radiation Power is used within different sectors including industries, medicine, and agriculture for benefitting humankind. It is being widely used in advanced medical treatments, specifically for the cancer’s treatment, as radiation aids the destroying and weakening of particular cells of cancer. Modern medicine utilizes radiation power for obtaining diagnostic information regarding the treatment of a specific organ of the patient. Medical imaging supports the detection and diagnosis of diseases in early stages. For instance, the exploratory cardiac catheterization is substituted with CT scan polyp’s detection in the body that could be cancerous if it’s not diagnosed in early stages. The global medical radiation detection monitoring and safety market is segregated into monitoring products, safety products, end users, and region. Various detector types include liquid filled detectors, scintillators, and solid-state detectors.
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Global Medical Radiation Detection, Monitoring, and Safety Market: Drivers
Rising radiation therapy usage for purposes of diagnosis and treatment is expected to drive growth of the global medical radiation detection, monitoring, and safety market over the forecast period. As per the National Academics of Sciences Engineering and Medicine conducted study in 2016, around 400 Mn examinations of diagnosis and over 150 Mn examinations of dental X-ray were carried out in 2015. Rising cancer prevalence, rising radiation therapy use awareness for treating diseases, along with favorable policies of reimbursement are factors expected to drive the global medical radiation detection, monitoring, and safety market over the forecast period. As per the U.S. Department of Health & Human Services conducted study in 2016, around 80% of the U.S. populace have some kind of medical insurances.
Acquisitions and mergers adopted by key players are expected to propel the global medical radiation detection, monitoring, and safety market growth over the forecast period. For instance, the Sweden-based Elekta, in 2014, acquired the Canada-based Medical Resonant Inc. With this acquisition, the Elekta included novel solutions for R&D resources and image guidance within the oncology imaging sector to enhance their portfolio of products. Furthermore, innovations within the radiation therapy field is expected to drive the global medical radiation detection, monitoring, and safety market growth over the forecast period. For instance, the U.S.-based QFix, in 2017, launched Access Prone G2 and Access 360 G2 a technology for radiotherapy positioning for breast cancer’s precise treatment. The devices decreases radiation dose to healthy tissues while enhancing patient comfort.
However, dearth of skilled technicians for using devices of radiation therapy along with high costs of the radiation therapy device are factors expected to restrain the global medical radiation detection, monitoring, and safety market growth over the forecast period .
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Global Medical Radiation Detection, Monitoring, and Safety Market: Regional Analysis
North America is expected to register robust growth in the global medical radiation detection, monitoring, and safety market during the forecast period owing to novel radiation therapy innovations in this region. For instance, a company based in the U.S., Varian Medical Systems, in April 2018, introduced 4.0 velocity cancer imaging software having dosimetry analysis of selective internal radiation therapy. The software comprises of Rapidsphere, the module used in dosimetry analysis of Selective Internal Radiation Therapy (SIRT). Rapidsphere offers the ability for understanding the normal tissue toxicity and tumor response for SIRT receiving individual patients.
Asia Pacific is expected to exhibit notable growth in the global medical radiation detection, monitoring, and safety market during the forecast period owing to government made reimbursement policies. For instance, the Central Government Health Scheme has taken the initiative for reimbursing medical expenses in India in 6 months of the diseases treatment including cardiovascular diseases, and cancer. Furthermore, Europe region is expected to exhibit growth in the global medical radiation detection, monitoring, and safety market owing to high cancer prevalence. As per the European Cancer Organisation, conducted study in 2017, around 1.7 billion individuals were detected with cancer, from which over 20% people died owing to late diagnosis and treatment.
Global Medical Radiation Detection, Monitoring, and Safety Market: Competitive Landscape
Major players functioning in the global medical radiation detection, monitoring, and safety market are Thermo Fisher Scientific Inc., Bar-Ray products Inc., Canberra Industries Inc., Protech Radiation Safety, Mirion Technologies Inc., ProtecX, Landauer Inc., Amtech Inc., Biodex Medical Inc., and others.
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Current and future of global Medical Radiation Detection, Monitoring, and Safety market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Global Medical Radiation Detection, Monitoring, and Safety Market: Taxonomy
By Product Type:
- Based on Detectors:
- Scintillators
- Solid-State Detectors
- Gas-Filled Detector
- Based on Monitoring Products:
- Area Process Monitors
- Personal Dosimeters
- Radioactive material Monitor
- Environment Radiation Monitors
- Surface contamination monitors
- Others
- Based on Safety Products:
- Full-body Protection products
- Face protection Products
- Others
- Based on End User:
- Ambulatory Surgery Centers
- Hospitals/Clinics
- Others
- Based on Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Major Point Answered in Medical Radiation Detection, Monitoring, and Safety Market Research Study are:
What will be the progress rate of the Medical Radiation Detection, Monitoring, and Safety Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Medical Radiation Detection, Monitoring, and Safety Market across different regions?
Who are the major vendors dominating the Medical Radiation Detection, Monitoring, and Safety industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Medical Radiation Detection, Monitoring, and Safety Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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