Market Overview:
The global medical physics market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer and other chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in medical imaging modalities. The diagnostic modality segment is expected to account for the largest share of the global medical physics market in 2018. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. The therapeutic modality segment is projected to grow at a CAGR of 5% from 2018to 2030.
Product Definition:
Medical physics is the application of physical principles and methods to the diagnosis and treatment of disease. It is an important branch of medicine that helps to improve the health and quality of life for patients.
Diagnostic Modality:
The global diagnostic modality market size was valued at USD 4.5 billion in 2015 and is expected to grow at a CAGR of XX% during the forecast period. The rising demand for early diagnosis and increasing awareness about various diagnostic techniques are some factors that can be attributed to its rapid growth.
Therapeutic Modality:
Therapeutic modality is the medical technology used by a healthcare professional to treat, diagnose or reduce the severity of a disease. The therapeutic modalities include radiation therapy, chemotherapy, hormone therapy and surgery. Medical physics has different types of equipment which are used in combination with these therapies for diagnosis & treatment such as x-ray machines, computed tomography scanners (CT), magnetic resonance imaging (MRI) and ultrasound systems among others.
Application Insights:
The others application segment includes industrial and other non-clinical applications. The others applications include military, aerospace and defense; nuclear; life sciences; and physical sciences. The growth of the medical physics market is expected to be high in this region owing to the increasing adoption of diagnostic imaging techniques such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound (US) for diagnosing diseases in patients.
Medical imaging is one of the significant application areas within medical physics due to its wide usage across a variety of clinical fields including hospitals, clinics, laboratories, etcetera. Various organizations have been established that aim at promoting awareness about various aspects related to medical imaging such as safety guidelines for personnel using these devices along with furthering research activities in this field.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as local presence of major players, high disposable income, and rising adoption of technologically advanced products. The U.S., being the largest medical device market in the world, has a large number of companies present with strong distribution channels that help them maintain their dominance over other regional markets.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing healthcare spending by governments and private entities coupled with growing awareness regarding various treatment options available for various diseases across emerging countries like China and India among others in this region including South Korea, Singapore, Thailand etc.; thus creating growth opportunities for global vendors to expand their presence or enter into partnerships/joint ventures with local players who have an advantage due to better geographical location or cultural similarities between these two regions which makes it easier for patients/clients from one region (India)to access care providers from another (U.S.).
Growth Factors:
- Increasing demand for radiation therapy and radiosurgery procedures
- Rising prevalence of cancer and other chronic diseases
- Growing number of medical imaging procedures
- Advances in medical physics technology and equipment
- Increasing focus on quality and safety in healthcare
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Physics Market Research Report
By Type
Diagnostic Modality, Therapeutic Modality
By Application
Hospitals, Academic and Research Institutes, Others
By Companies
Medical Physics Services, Landauer, Krueger-Gilbert Health Physics, Alyzen Medical Physics Services, Radiation Safety & Control Services, Upstate Medical Physics Services, Versant Medical Physics Services & Radiation Safety, West Physics Consulting, Jaeger Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Medical Physics Market Report Segments:
The global Medical Physics market is segmented on the basis of:
Types
Diagnostic Modality, Therapeutic Modality
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Academic and Research Institutes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medical Physics Services
- Landauer
- Krueger-Gilbert Health Physics
- Alyzen Medical Physics Services
- Radiation Safety & Control Services
- Upstate Medical Physics Services
- Versant Medical Physics Services & Radiation Safety
- West Physics Consulting
- Jaeger Corporation
Highlights of The Medical Physics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diagnostic Modality
- Therapeutic Modality
- By Application:
- Hospitals
- Academic and Research Institutes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Physics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical physics is the application of physics and mathematics to medicine. It includes the study of radiation therapy, medical imaging, and other medical technologies.
Some of the major players in the medical physics market are Medical Physics Services, Landauer, Krueger-Gilbert Health Physics, Alyzen Medical Physics Services, Radiation Safety & Control Services, Upstate Medical Physics Services, Versant Medical Physics Services & Radiation Safety, West Physics Consulting, Jaeger Corporation.
The medical physics market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Physics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Physics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Physics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Physics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Physics Market Size & Forecast, 2018-2028
4.5.1 Medical Physics Market Size and Y-o-Y Growth
4.5.2 Medical Physics Market Absolute $ Opportunity
Chapter 5 Global Medical Physics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Physics Market Size Forecast by Type
5.2.1 Diagnostic Modality
5.2.2 Therapeutic Modality
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Physics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Physics Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Academic and Research Institutes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Physics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Physics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Physics Analysis and Forecast
9.1 Introduction
9.2 North America Medical Physics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Physics Market Size Forecast by Type
9.6.1 Diagnostic Modality
9.6.2 Therapeutic Modality
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Physics Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Academic and Research Institutes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Physics Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Physics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Physics Market Size Forecast by Type
10.6.1 Diagnostic Modality
10.6.2 Therapeutic Modality
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Physics Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Academic and Research Institutes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Physics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Physics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Physics Market Size Forecast by Type
11.6.1 Diagnostic Modality
11.6.2 Therapeutic Modality
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Physics Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Academic and Research Institutes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Physics Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Physics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Physics Market Size Forecast by Type
12.6.1 Diagnostic Modality
12.6.2 Therapeutic Modality
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Physics Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Academic and Research Institutes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Physics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Physics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Physics Market Size Forecast by Type
13.6.1 Diagnostic Modality
13.6.2 Therapeutic Modality
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Physics Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Academic and Research Institutes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Physics Market: Competitive Dashboard
14.2 Global Medical Physics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medical Physics Services
14.3.2 Landauer
14.3.3 Krueger-Gilbert Health Physics
14.3.4 Alyzen Medical Physics Services
14.3.5 Radiation Safety & Control Services
14.3.6 Upstate Medical Physics Services
14.3.7 Versant Medical Physics Services & Radiation Safety
14.3.8 West Physics Consulting
14.3.9 Jaeger Corporation
