| Study Period | 2019 - 2032 |
| 2024 Market Size | USD 1.34 Billion |
| 2025 Market Size | USD 1.43 Billion |
| 2032 Forecast | USD 2.43 Billion |
| Growth Rate (CAGR) | 7.9% |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Consolidated |
| Largest End User Category | Hospitals |
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The medical radiation detection, monitoring, & safety market is expected to generate revenue of USD 1.34 billion in 2024, and the market size will advance at a CAGR of 7.9% in the next six years, to reach USD 2.43 billion by 2032. The high prevalence of cancer, growing geriatric population, increasing number of radio and nuclear diagnostic and therapeutic procedures, and diagnostic imaging centers are expected to drive the market growth.
Government agencies have imposed stringent regulations and compliance to address the rising incidence of radiation sickness and other adverse effects. This drives the demand for high-performance radiation monitoring devices, for instance, dosimeters and Geiger–Muller counters, among healthcare practices to ensure that both medical professionals and patients are protected against excess radiation. Novel concepts, such as smart dosimeters with real-time tracking capabilities, help improve safety rules. They also help create immediate alarms and data analysis in clinics, hospitals, and diagnostic centers, enabling advanced monitoring. Moreover, training for healthcare practitioners has underscored the importance for best practices in ensuring radiation safety.
The evolutions in the technological sphere are leading to the effective management of patients with advanced tumors, such as those in the lungs and pancreas, and glioblastoma multiforme cancers. Usually, these cancers are difficult to treat and have reduced survival probabilities. However, the recent advancements in imaging techniques, such as the combination of PET and CT, multi-leaf collimators, and advanced dose calculation methods, have enhanced radiation delivery to tumors, while reducing surrounding tissue damage.
Radiotherapy techniques include image-guided, intensity-modulated, three-dimensional conformal, particle therapy, volumetric modulated-arc, and stereotactic. They enable a further improvement of treatment planning with high precision and enable accuracy in tumor mapping, while improving dose estimation for more-effective, personalized cancer treatment. Better local tumor targeting and enhanced potential for patient survival have lent credibility and correspondingly increased the adoption of radiation therapy.
Nuclear medicine has changed dramatically over the last few years as a consequence of the developments in radiopharmacy, information technology, and instrumentation. The rising usage of nuclear medicine in the diagnosis and treatment of illnesses, such as cancer and CVDs, has increased the need for medical radiation detection, monitoring, and safety solutions.
In recent years, numerous programs have been initiated to bridge the large global gap in cancer care. The move primarily addresses a serious lack of cancer treatment capacity in many impoverished nations, with an initial emphasis on Africa, where people frequently die from the disease due to the unavailability of nuclear medicine and radiation, which can be potentially life-saving. This would involve the development of cancer care infrastructure, as well as the training of specialists, medical professionals, health personnel, and technicians.
The rising cases of cancer across the globe act as a major catalyst behind the requirement for radiotherapy, which concurrently necessitates effective monitoring systems and safety measures. The Global Cancer Observatory (GLOBOCAN) has projected 2.08 million cancer cases in India by 2040, a rise of 57.5% from 2020.
To ensure appropriate radiation monitoring for patients and healthcare workers, the International Council on Radiation Protection (ICRP) recommends that in interventional labs, two personal dosimeters be worn. One should be provided for all the outer layers of the body to measure all external radiation exposure, and the second worn underneath protective clothing at the waist. The dual-dosimeter approach allows for a better assessment of both direct exposure and scatter radiation that may be encountered during the treatment.
The need for monitoring arises because deterministic effects, such as burns and tissue damage, occur when doses exceed certain thresholds. Moreover, stochastic effects, such as cancer, could be seen with cumulative exposure. Therefore, the use of two dosimeters is suggested to detect excessive irradiation and be able to take measures to ensure healthcare professionals are kept within safety limits. This helps minimize the long-term risks to health, thus increasing safety in medical environments.
The government regulations to safeguard people in radiological conditions by measuring and minimizing exposure drive the market.
Extensive research is being carried out with the goal of developing new ways of detecting and quantifying radiation exposure during medical procedures. For instance, according to an article, researchers have created a novel X-ray detector prototype that will improve medical imaging by significantly lowering radiation exposure and associated health hazards, while also boosting image resolution in security scanners and research applications.
The increasing knowledge of the potential risks of radiation exposure and the need for vigorous safety precautions are impelling the healthcare facilities and centers to increase investment in medical detection, monitoring, and safety equipment. They are also being compelled to revise the safety guidelines to protect patients, providers, and professionals from long exposures to radiation and its hazardous effects.
Radiation detection and monitoring products are the larger category in the market, with expected revenue of USD 1.4 billion in 2032.
The need for medical radiation detection is increasing due to the rising volume of radiographic procedures and improving awareness of the importance of radiation safety among medical personnel.
The rising occurrence of cancer drives the demand for radiation therapy, which necessitates the adoption of medical radiation detectors, thus driving the market expansion. Furthermore, the rising use of nuclear medicine for the diagnosis of cancer will help in the growth of this category in the future.
The fastest-growing category in the medical radiation detection, monitoring, & safety market is safety products, rising at a CAGR of 8.5% during the forecast period. This is credited to the increasing radiation risk awareness among healthcare professionals and patients, stricter regulation requirements on radiation safety, and heightened emphasis on the safety of patients and workers.
Advanced personal protective equipment, which is lightweight unlike traditional gear, provides adequate shielding from the dangers of radiation overexposure. Ergonomic design and comfort-enhancing features promote consistency in use among healthcare workers, which leads to an increase in demand.
The product types analyzed here are:
The hospitals category accounts for the largest share in the medical radiation detection, monitoring, & safety market. This is owing to the constantly expanding need for medical conventional and nuclear radiation for therapy and diagnosis including emergency care and dentistry. Because of the ease in the access to essential equipment and skilled labor, radiation-based procedures can be conducted conveniently at hospitals. There is a steady rise in the number of inpatients and outpatients in hospitals, which will continue in the coming years. Moreover, the rapid increase in the number of hospitals is bolstering medical radiation detection, monitoring, and safety solution demand.
The rising geriatric population and the mounting cases of chronic diseases are raising the demand for medical imaging procedures, including X-rays and CT scans. As more people require diagnostic imaging to manage their health, hospitals will need to provide comprehensive medical care on a larger level. Hospitals have large spaces suitable for the deployment of advanced imaging modalities and therapeutic radiology equipment. They also skilled professionals to carry out timely diagnoses and provide integrated care with high precision.
The non-hospital category is the faster-growing in the Medical Radiation Detection, Monitoring, & Safety Market, with an expected CAGR of 9% during the forecast period. Non-hospital settings include imaging centers, radiation therapy and cancer centers, outpatient diagnostic imaging centers, dental clinics, and orthopedic facilities. The introduction of advanced portable radiation detection devices and monitoring systems at these places make it convenient for them to enhance their safety protocols and monitoring systems.
The changes in the regulations and increase in the awareness of the risks associated with radiation have led non-hospital providers to invest in safety products to ensure compliance and protection for patients and staff. As hospitals are buried under increasing patient volumes, leading to long waiting times, non-hospital settings are witnessing rising footfall. Moreover, since these places provide care at lower costs than full-fledged hospitals, they are gaining popularity.
The end users evaluated here are:
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The geographical breakdown is as follows:
The medical radiation detection, monitoring, & safety market is consolidated in nature. The stringent government regulations for patient and care provider safety call for regular scrutiny of radiation detection and monitoring equipment. This considerably deters the growth of small companies, which do not have as much R&D expertise. The smaller companies then opt for venturing into an alliance with large companies that have already developed compliance systems and resources.
The requirements for precision and accuracy are more stringent here, thus requiring sophisticated, specialized pieces of equipment designed for specific medical applications, further reinforcing the niche nature of the technology. In addition to economies of scale, consolidation can cut down the cost of operations, allowing companies to invest more in research and development for better products and services.
In May 2024, Mirion partnered with the Canadian Nuclear Isotope Council (CNIC) to improve radiation safety in healthcare for patients and workers. This partnership aims to increase radiation safety during nuclear imaging in the healthcare sector, address the emerging need for advanced isotopes, support the production of alpha emitters, and optimize patient care.
In May 2024, Mirion Medical's Sun Nuclear released SunCHECK Version 5.0, an updated radiation therapy quality management and assessment application. New features include better assessments of treatment plans, easier integration with treatment planning and oncology information systems, and more-automatic quality measurements through expanded device control, aimed at optimizing clinical workflows and improving patient safety.
In February 2024, IBA acquired all the assets of Radcal Corporation, a California-based company, to strengthen and expand its medical imaging quality assurance and dosimetry offerings.
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