Medical Radiation Detection, Monitoring & Safety Market

Fortive (US), Mirion Technologies, Inc. (US) and Thermo Fisher Scientific Inc. (US) are leading players in Medical Radiation Detection, Monitoring, & Safety Market

The global medical radiation detection, monitoring, & safety is projected to reach USD 1.4 billion by 2027 from USD 1.0 billion in 2022, at a CAGR of 6.8% during the forecast period. Growth in this market is mainly driven by factors such as the high prevalence of cancers, the growing geriatric population, the growing number of radio diagnostic procedures performed, the rising adoption of radiation therapy, and the implementation of favorable government initiatives.

The key players in this market are Fortive (US), Mirion Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), Ludlum Measurements, Inc. (US), IBA Worldwide (Belgium), AliMed, Inc. (US), Polimaster Ltd. (Republic of Belarus), AmRay Group (Ireland), Infab, LLC (US), Burlington Medical (US), Bertin Instruments (France), Radiation Detection Company (RDC) Inc. (US), Arrow-Tech, Inc. (US), Centronic (UK), SE International, Inc. (US), ATOMTEX (Belarus), Nucleonix Systems (India), Alpha Spectra, Inc. (US), LND (US), Bar·Ray Products (US), Trivitron Healthcare (India), Micron Technology, Inc. (UK), Scionix Holland (Netherland), Lite Tech Industries, LLC (US), BLOXR Solutions, LLC (US).

To know about the assumptions considered for the study download the pdf brochure

In 2020, Fortive held the leading position in the medical radiation detection, monitoring, & safety market. The company’s leading position in this market can be attributed to its strong global sales and distribution network, enabling it to market its products in various countries effectively. In addition, Fortive derives a majority of its revenue from the North American market. The company focuses on introducing radiology products that reduce radiation exposure to physicians and patients and products that increase the accuracy of imaging by using reference markets. Fortive consistently invests in R&D to introduce innovative products. Although the company has not been involved in any major developments in the last few years, its strong focus on brand management and efficient distribution will help it to maintain its position in the market.

In 2020, Mirion Technologies, Inc. accounted for the second-largest share of the medical radiation detection, monitoring, & safety market. The company has maintained a leading position in the market through its strong distribution networks across Europe, the Asia Pacific, and the Middle East and Africa. The company adopts inorganic growth strategies to increase its dominance in this market. For instance, in October 2021, the company acquired Dosimetry Badge brand, a small US-based distributor of personal dosimeter badges. This acquisition will increase the footprint of dosimetry product offering, Such developments will enable Mirion Technologies to add innovative technologies and products to its portfolio, which, in turn, will strengthen its presence in the medical radiation detection, monitoring, & safety market.

Thermo Fisher Scientific Inc. (US) leading position in this market can be attributed to its focus on launching differentiated products to strengthen its position in the medical radiation detection, monitoring, and safety market. The company has a strong distribution network in North America, Europe, Asia, and Latin America. It focuses on strengthening its R&D capabilities to gain a competitive advantage in the market. This has allowed the company to introduce advanced products in the medical radiation detection, monitoring, and safety market, such as the company launched new dosimetry monitoring services for medical & imaging facilities, dental offices, veterinary clinics, nuclear power plants, laboratories, and other facilities in February 2019.

Related Reports:

Medical Radiation Detection, Monitoring & Safety Market by Detector (Gas-Filled, Scintillators, Solid-State), Product (Personal Dosimeters, Passive Dosimeters) Safety (Full-Body Protection) & End User (Hospitals, Non-Hospitals) - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
MD 2067
RI Published ON
3/14/2022
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Medical Radiation Detection, Monitoring & Safety Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved