Global Medical Physics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Modality;

Diagnostic(Radiographic X-Ray Systems, Fluoroscopic X-Ray Systems, Dental X-Ray Systems, Mammography Systems, Computed Tomography, Magnetic Resonance Imaging, Ultrasound, SPECT, PET, and Others), and Therapeutic(LINAC, Brachytherapy, and Others).

By Service;

Accreditation Assistance, Performance Testing, Physics Testing, Radiation Dose Monitoring, Radiation Safety Training, Treatment Commissioning Services, Safety Surveys, Regulatory & Auditing Service, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn971038770 Published Date: October, 2024 Updated Date: December, 2024

Introduction

Global Medical Physics Market (USD Million), 2020 - 2030

In the year 2023, the Global Medical Physics Market was valued at USD 5,250.12 million. The size of this market is expected to increase to USD 8,105.14 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

Medical physics, a multidisciplinary field integrating physics principles with healthcare, plays a pivotal role in diagnostic imaging, radiation therapy, nuclear medicine, and other medical specialties. With the rise in cancer cases worldwide, medical physics has become indispensable in oncology for precise tumor targeting and minimizing radiation exposure to healthy tissues. The expanding elderly population, prone to orthopedic issues and neurological disorders, has further propelled the demand for medical physics expertise in fields such as orthopedics and neurology. The advent of innovative imaging modalities, such as MRI and PET-CT scans, has augmented the need for skilled medical physicists to ensure accurate diagnosis and treatment planning.

The increasing adoption of minimally invasive procedures and personalized medicine has created new avenues for growth in medical physics. In gynecology, for instance, medical physicists contribute to the development and optimization of techniques like brachytherapy for treating gynecological cancers, enhancing patient outcomes while minimizing side effects. The evolving landscape of healthcare, marked by a shift towards value-based care and patient-centric approaches, underscores the importance of medical physics in optimizing treatment efficacy and safety. As governments worldwide focus on enhancing healthcare infrastructure and promoting research and development in medical technologies, the global medical physics market is poised for continued expansion. Challenges such as regulatory complexities and the shortage of skilled professionals remain pertinent, highlighting the need for concerted efforts from industry stakeholders to address these issues and unlock the full potential of medical physics in improving patient care globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Modality
    2. Market Snapshot, By Service
    3. Market Snapshot, By Region
  4. Global Medical Physics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. More chronic diseases mean more need for solutions
        2. Radiation therapy gains traction in cancer treatment
        3. Ongoing tech innovations enhance equipment
        4. Early disease detection awareness increases
      2. Restraints
        1. Lack of awareness about medical physics
        2. Rural infrastructure challenges persist
        3. Side effects of therapies raise caution
      3. Opportunities
        1. AI integration enhances medical physics
        2. Telemedicine and remote monitoring expand
        3. Novel imaging techniques emerge
        4. Preventive healthcare focus grows
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Medical Physics Market, By Modality, 2020 - 2030 (USD Million)
      1. Diagnostic
        1. Radiographic X-Ray Systems
        2. Fluoroscopic X-Ray Systems
        3. Dental X-Ray Systems
        4. Mammography Systems
        5. Computed Tomography
        6. Magnetic Resonance Imaging
        7. Ultrasound
        8. SPECT
        9. PET
        10. Others
      2. Therapeutic
        1. LINAC
        2. Brachytherapy
        3. Others
    2. Global Medical Physics Market, By Service, 2020 - 2030 (USD Million)
      1. Accreditation Assistance
      2. Performance Testing
      3. Physics Testing
      4. Radiation Dose Monitoring
      5. Radiation Safety Training
      6. Treatment Commissioning Services
      7. Safety Surveys
      8. Regulatory & Auditing Service
      9. Others
    3. Global Medical Physics Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Medical Physics Services LLC
      2. Krueger-Gilbert Health Physics Inc
      3. Alyzen Medical Physics Services
      4. Radiation Safety & Control Services Inc
      5. Upstate Medical Physics Services
      6. Dade Moeller & Associates
      7. Versant Medical Physics Services & Radiation Safety
  7. Analyst Views
  8. Future Outlook of the Market