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COVID-19 Creates Financial Hardships for Radiology Departments Worldwide. Radiation Safety Technologies Take a Back Seat With -4.6% Revenue Blow
The global market for Medical Radiation Detection, Monitoring & Safety is expected to slump by -4.6% in the year 2020 and thereafter recover to reach US$1.2 billion by the year 2027, trailing a post COVID-19 CAGR of 4.7% over the analysis period 2020 through 2027.
Radiation monitoring remains an integral part of good health practice in medical facilities performing radiation therapy & diagnostic activities. Stringent safety regulations aimed at safeguarding health of patients, medical physicists, radiologists, and nuclear medicine technicians has long been the primary growth driver.