Medical Radiation Detection, Monitoring, & Safety Market worth 1,234.8 M USD by 2020

Friday 26 February 2016, Amsterdam

The report, now available on ASDReports, "Medical Radiation Detection, Monitoring & Safety Market by Detection Type (Gas-filled, Geiger Muller, Dosimeters, Solid-state Detectors), Products (Personal Dosimeters, OSL, Badges), Safety (Apron, Shields, Face Mask, Gloves), End User - Forecasts to 2020", report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the medical radiation detection, monitoring, and safety market along with the estimates and forecasts of the revenue and share analysis.

This report studies the global medical radiation detection, monitoring, and safety market over the forecast period of 2015 to 2020. This market is valued at an estimated USD 876.3 Million in 2015 and expected to grow at a CAGR of 7.1% between 2015 and 2020, to reach USD 1,234.8 Million by 2020.

Based on detection type, the medical radiation detection and monitoring market is segmented into gas-filled detectors, solid-state detectors, and scintillators. Of these, gas-filled detectors are expected to command the largest share of the medical radiation detection, monitoring, and safety market in 2015.

Based on product, the medical radiation detection and monitoring market is segmented into personal dosimeters, area process monitors, environmental radiation monitors, surface contamination monitors, and radioactive material monitors. Of these, personal dosimeters are expected to command the largest share of the medical radiation detection, monitoring, and safety market in 2015; this segment is expected to grow at the highest CAGR between 2015 and 2020.

The medical radiation safety market is segmented into full-body protection, face protection, hand safety, and others. In 2015, the full-body protection segment is expected to account for the largest share of the medical radiation safety market, by type.

Based on end user, the medical radiation detection, monitoring, and safety market is segmented into hospitals and non-hospitals. The hospitals segment is expected to command the largest share of the medical radiation detection, monitoring, and safety market in 2015; moreover, this segment is expected to witness the highest growth in the end-user market.

Based on geography, the medical radiation detection, monitoring, and safety market is segmented into Asia, Europe, North America, and Rest of the World (RoW). North America is expected to command the largest share of the global medical radiation detection, monitoring, and safety market in 2015. However, the market in Asia is expected to witness the highest growth during the forecast period.

The major factors driving the growth of the medical radiation detection, monitoring, and safety market are increasing use of nuclear medicine and radiation therapy for diagnosis and treatment, growing incidence of cancer, increasing safety awareness among people working in radiation-prone environments, growth in the healthcare industry worldwide, and rising insurance coverage.

The key players operating in the global medical radiation detection, monitoring, and safety market are Landauer, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), Radiation Detection Company (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Ludlum Instruments, Inc. (U.S.).