The Asia Pacific Medical Radiation Detection Market would witness market growth of 8.2% CAGR during the forecast period (2023-2029).
The market expansion has been considerably aided by additional factors like expanding diagnostic imaging facilities and increasing the number of people with insurance. The market for medical radiation detection has been driven by consumer demand and the use of technologically improved equipment. Nuclear medicine uses radioactive traces to quickly identify cancer. Therefore, safety equipment & medical radiation detection are equally crucial. However, it also aids in visually surveilling the spread of fatal infections.
Due to the dangers associated with radioactive radiation and the fact that it is invisible or odorless, the equipment has been created to detect, monitor, and reduce exposure. Government officials are working diligently to find solutions to the issues related to radiation safety.
Studies on radiation safety awareness in healthcare workers in Asia-Pacific countries have also been conducted. For example, a study was conducted among medical and dental practitioners in India, wherein in-depth interviews revealed their inadequate knowledge of radiation hazards. A study conducted in Hong Kong found that non-radiologists, including general practitioners, internists, and radiologists, had significantly poorer knowledge and awareness regarding radiation protection. Hence, the growing utilization of medical radiation for treatment and the increasing efforts to raise awareness of the harmful effects of medical radiation and has been attributed to various government initiatives, which are anticipated to drive market growth in the APAC.
The China market dominated the Asia Pacific Medical Radiation Detection Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $121.2 million by 2029. The Japan market is estimated to grow a CAGR of 7.6% during (2023 - 2029). Additionally, The India market would experience a CAGR of 8.9% during (2023 - 2029).
Based on Product, the market is segmented into Personal Dosimeters, Area Process Dosimeters, Surface Contamination Monitors and Others. Based on Type, the market is segmented into Gas-filled Detectors, Scintillators and Solid-state. Based on End-Use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Diagnostic Imaging Centers and Homecare. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Medical Radiation Detection Market is Projected to reach USD 1.5 Billion by 2029, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBA Dosimetry GmbH, Mirion Technologies, Inc., Thermo Fisher Scientific, Inc., LANDAUER (Fortive Corporation), Polimaster Europe UAB, PTW Freiburg GmbH, ATOMTEX, Radiation Detection Company, MP Biomedicals, LLC (Valiant Co. Ltd), and Amray Group Ltd.
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