The Global Medical Radiation Detection & Monitoring Market grow at the CAGR of 8.2% and will contribute $1350.7 million till 2021. Radioactive radiations are an unseen threat. The Exposure to these in high level can induce several dangerous health complications. As radiations are odorless and invisible, those who work with radioactive materials require special equipment that can prevent, detect and monitor direct exposure to harmful radioactive radiations to help safety of all those who are around them and their safety. Increased use of highly radioactive materials across areas such as medical research, medical imaging, medical devices and other medical sector increases the need for reliable equipment that offers protection from such type of radiations. The global market for radiation detection, monitoring market has growing significantly in the past few years in terms of introduction of high technologically advanced equipment as well as the adoption of these equipment in different end-user sectors. There are many factors which enhances the Global Medical Radiation Detection & Monitoring Market like growing incidence of cancer, increasing usage of nuclear medicines and radiation therapy for diagnosis and treatment, growth of healthcare industries globally, increasing safety awareness amongst peoples working in radiation prone work environment and so on. Increasing aged population is also a major factor which boosting the Global Medical Radiation Detection & Monitoring Market upward.
Ageing population are more prone towards health related issue. Asia pacific is the major country having aged population. Ageing population is increasing rapidly, with rising aged population demand for radiological imaging equipment’s like MRI, CT scan, X ray etc. also increases. The major problem which aged people’s faces is problem related with brains, bones, spinal cords, heart and cardiovascular related problems. Radiological devices is radiation producing devices, this enhances the Global Medical Radiation Detection & Monitoring Market.
The radiation detection and monitoring requires technological advanced equipment’s, devices, monitors and a trained professionals who can monitor the type and adversity of radiations. This adds up the total cost of Medical Radiation Detection & Monitoring. The high cost of Medical Radiation Detection & Monitoring acts as a barrier and it hinders the growth of global market. Regionally Global Medical Radiation Detection & Monitoring Market is divided into North America, Europe, Asia pacific and rest of the world. North America leads the Global Medical Radiation Detection & Monitoring Market reason being all major vendors of Global Medical Radiation Detection & Monitoring Market is located in the U.S, Favorable governments supports and regulations are the major reasons for the growth of Global Medical Radiation Detection & Monitoring Market in this region.
Some of the major market players are thermo fisher scientific inc., Bar ray products Inc., Po tech radiation safety, ProtecX, Infab corporation, Unfors Ray Safe, Mirion Technologies, Biodex medical systems, COMECER S.P.A, Aadco medical inc., Lundlum measurement Inc., Gammasonics institute for medical research PVT LTD, Laurus system, Canberra Industries, Rotem Industries Limited, ELSE nuclear, etc. Acquisition, mergers and expansions are the key strategies adopted by the market players to sustain in the market.