Medical Radiation Detection and Monitoring Market June 2021 Report On Size, Share 2021 Trends, Business Growth, Application, Development, Segmentation, Application, Types, Drivers, and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Medical Radiation Detection and Monitoring Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Radiation Detection and Monitoring Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

The market which is segmented on the basis of industry, application and composition is a highly competitive market. The industries include healthcare, manufacturing, homeland security and defence, nuclear energy and power plants and others. Healthcare industry is the largest market segment and is expected to grow at a CAGR of approximately 6% during the forecasted period. The market is mainly driven by high use of radiation therapies and nuclear medicines, high prevalence of cancer diseases and technological advancement. The awareness is rising amongst health and radiation professionals. The introduction of new and portable technology is also pushing the market forward. However, lack of trained professionals is major concern for the growth of market. Lack of professional leads to poor and adequate standardization of the devices. Another major issue is the availability of raw materials.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Government regulations are also near term challenge for the market growth. Market finds ample opportunities in the developed market with ageing population and a growing preference of radiation therapies.

North America is leading among all geographies. The market is driven by various factors such as developed market, high awareness and availability of technology. Europe is followed by North American market. Asia pacific is expected to grow rapidly, driven by growing markets in India, China and other countries. Some of the macro economical factors such as growing healthcare expenditure, government support for the market are also key drivers for the market.

The market is highly competitive with player such as Landleur, Mirion technologies, Thermo Fisher Scientific, Biodex Medical systems and other major companies. The competitors follow various strategies such as technology leverage, innovation, partnership and collaborations, merger and acquisitions to stay competitive in the market.

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Companies Mentioned:

1. Mirion Technologies Inc.
2. Landaeur Inc.
3. Radiation detection company
4. Pro-tech radiation therapy
5. Thermo Fisher Scientific Inc.
6. AmRay medical
7. Bar-Ray products Inc.
8. ProtecX
9. Pro-Tech Radiation Safety
10. Kromek Group Inc.
11. Centronic Limited
12. Infab corporation
13. Unfors Ray safe
14. Burlington Medical Supplies Inc.
15. Aadco medical Inc.
16. Lundlum measurements Inc.
17. COMECER S.P.A.
18. Biodex Medical systems
19. Gammasonics Institute for Medical Research Pty Ltd
20. Laurus systems
21. CANBERRA Industries
22. ELSE nuclear
23. Rotem industries limited
24. Berkley Nucleonics
25. Polimaster
26. Rapid Scan
27. RAE systems
28. General electric measurements
29. Fuji electronic co
30. Atomtex SPE

This Research Report covers

1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies

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Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

About Kenneth Research:

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