In the near future, the field of medical radiation detection, monitoring, and safety is expected to see advancements driven by technological innovation and a focus on patient and healthcare worker safety. These advancements include the integration of cutting-edge sensor technologies, artificial intelligence, and data analytics to develop more compact, efficient, and precise radiation detection devices. This will enable real-time monitoring of radiation exposure during medical procedures, enhancing patient care and streamlining healthcare workflows. The market for medical radiation detection, monitoring, and safety is projected to reach $1.4 billion by 2027, growing at a CAGR of 6.8% from 2022 to 2027. The major factors driving market growth include the high prevalence of cancers, the growing geriatric population, the increasing number of radio diagnostic procedures performed, the rising adoption of radiation therapy, and favorable government initiatives. The key players in the market include Fortive, Mirion Technologies, Thermo Fisher Scientific, and Ludlum Measurements, among others. The market is segmented based on detector type, medical radiation detection and monitoring product, medical radiation safety product, end user, and region. The emerging economies in the Asia Pacific region, such as China, Japan, and India, are expected to be lucrative markets for medical radiation detection, monitoring, and safety.
Fri, 25 Aug 2023 13:00:00 GMT | GlobeNewswire