Medical Devices Research Medical Radiation Detection, Monitoring, and Safet | Page 3

REPORT DESCRIPTION
Mergers and acquisitions adopted by major players are also expected to drive growth of
medical radiation detection, monitoring, and safety market. For instance, in 2014, Elekta, a
Sweden-based company acquired Medical Resonant Inc., a Canada based company. Through
this acquisition, Elekta added new solutions for image guidance and R&D resources in the
field of oncology imaging to their product portfolio. Moreover, innovations in the field of
radiation therapy is expected to boost growth of medical radiation detection, monitoring,
and safety market. For instance, in 2017, QFix, a U.S.-based company launched Access 360
G2 and Access Prone G2, a radiotherapy positioning technology for precise treatment of
breast cancer. These devices reduce radiation dose to a healthy tissue while improving
patient comfort.
However, lack of skilled technicians to use radiation therapy devices and high cost of
radiation therapy devices are factors that hamper growth of the market.
Medical Radiation Detection, Monitoring, and Safety Market: Regional Analysis
North America is expected to witness significant growth in the medical radiation detection,
monitoring, and safety market over the forecast period due to new innovations in radiation
therapy in the region. For instance, in April 2018, Varian Medical Systems, a U.S.-based
company launched 4.0 velocity cancer imaging software with selective internal radiation
therapy dosimetry analysis. This software includes Rapidsphere, a module used for Selective
Internal Radiation Therapy (SIRT) dosimetry analysis. Rapidsphere provides the ability to
understand tumor response and normal tissue toxicity for individual patients receiving SIRT.
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