Non-ionizing Radiation Market Size, Share and Global Trend By Radiation Type (Radiofrequency, Microwaves, Infrared, UV rays, Visible light), By Application (Diagnostics, Cosmetics, Others), By End User (Hospitals, Clinics, Research Organizations, Diagnostic Centers) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Non-ionizing radiation is a type of electromagnetic radiation which does not carry sufficient energy to ionize molecules or atoms. These radiations are not able to remove any electrons; rather; they make them vibrate. Non-ionizing radiation is emerging as a potential tool for the diagnosis and treatment of diseases. Non-ionizing radiation is used as an imaging device such as magnetic resonance imaging (MRI), UV scans, medical infrared thermography (MIT) and others for the early diagnosis of diseases, especially tumors.
Non-ionizing radiations are widely used in the treatment of various types of cancer through radiation therapy. Apart from these, non-ionizing radiations are now also being utilized in tissue regeneration. The optic fiber used in endoscopy and the laser surgeries for eyes also employs non-ionizing radiations. They are also used in dosimetry, for the determination of absorbed dose by the tissues during exposure to radiations. Growing prevalence of chronic disease and new product launch by many key players and a growing number of applications of non-ionizing radiation are likely to boost the growth of non-ionizing radiation market during the forecast period.
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The global non-ionizing radiation market growth is being driven by the increase in demand for diagnostics services, rise in government, and private funding to use non-ionizing radiations for the treatment of diseases & tissue regeneration. Furthermore, the increase in several laser surgeries and endoscopy procedure is also expected to augment the growth of global non-ionizing radiation market during the forecast period.
However, the unknown effects of exposure to radiations in the body is a major factor that may hinder the global non-ionizing radiation market growth during the forecast period.
Key Players Covered
Some of the major companies that are present in the global non-ionizing radiation market report include Boston Scientific Corporation, General Electric Company, Koninklijke Philips N.V., Siemens AG, Hitachi Medical Systems, Canon Medical Systems Corporation, Hologic Inc., Carestream Health, among others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Radiation Type | · Radiofrequency · Microwaves · Infrared · UV rays · Visible light |
By Application | · Diagnostics · Cosmetics · Others |
By End-User | · Hospitals · Clinics · Research Organizations · Diagnostic Centers |
By Geography | · North America (U.S. and Canada) · Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) · Latin America (Brazil, Mexico, and Rest of Latin America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
As per the current non-ionizing radiation market, the diagnostic segment, among application segmentation, is likely to hold the significant share of global non-ionizing radiation market owing to the growing demand for minimally invasive, cheap, and effective diagnostic techniques.
Key Insights
- Technological Advancements in Non-Ionizing Therapy
- The Regulatory Scenario of Key Country/Region
- Pricing Analysis of key Products
- Recent Key Industry Developments – Mergers, Acquisitions, and Partnerships.
Regional Analysis
The global non-ionizing radiation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a considerable share of the global non-ionizing radiation market owing to increasing adoption of technologically advanced products, rising prevalence of chronic diseases, and growing investments by key players in research for the development of innovative diagnostic tools integrated with non-ionizing radiations. Asia Pacific is likely to register higher CAGR during the forecast period owing to growing awareness about the innovative treatment options, growing healthcare expenditure, and growing patient population.
Global Non-Ionizing Radiation Industry Developments
- In May 2019, Mirion Technologies, Inc. opened a new state-of-the-art design, manufacture, development, and to test facility for radiation measurement systems at Birchwood Park – a business park in Warrington (UK).
- In May 2011, the WHO/International Agency for Research on Cancer (IARC) has classified radiofrequency electromagnetic field as the carcinogenic to humans as they enhance the risk of glioma, brain cancer associated with a wireless mobile phone.
- Ongoing
- 2023
- 2019-2022
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