Radiation Detection Monitoring and Safety Market Overview Growth and Dynamics Forecast To 2024
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<strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> <strong>and</strong> <strong>Safety</strong> <strong>Market</strong> <strong>Overview</strong> |<br />
<strong>Growth</strong> <strong>and</strong> <strong>Dynamics</strong> | <strong>Forecast</strong> <strong>To</strong> <strong>2024</strong><br />
“Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> <strong>and</strong> <strong>Safety</strong> <strong>Market</strong> report includes indepth<br />
analysis of industry by recent technologies, trends, opportunities,<br />
challenges, key players <strong>and</strong> business strategies considering types, segment<br />
<strong>and</strong> future outlook.”<br />
The Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> <strong>and</strong> <strong>Safety</strong> <strong>Market</strong> is expected to value at USD 1.6<br />
billion by <strong>2024</strong>. The market is subject to witness a substantial growth due to the growing<br />
adoption of nuclear medicine <strong>and</strong> radiation therapy. Rising dem<strong>and</strong> for nuclear medicine <strong>and</strong><br />
radiation therapy is attributed to growing incidences of cancer-related diseases.<br />
Increasing healthcare expenditure <strong>and</strong> recent enhancements in the existing medical<br />
infrastructure, particularly in the North America region are expected to fuel market dem<strong>and</strong> for<br />
radiation detection, monitoring <strong>and</strong> safety services in the upcoming years. Globally, the<br />
radiation detection, monitoring & safety industry is predicted to grow at CAGR of 7.3% in the<br />
forecast period, providing numerous opportunities for market players to invest for research <strong>and</strong><br />
development in the market. The rising occurrence of cancer-related diseases <strong>and</strong> growing<br />
awareness among general population are major contributing factors for robust market growth<br />
in the last few years. Rising influence of commercialization <strong>and</strong> digitalization in healthcare sector<br />
are driving dem<strong>and</strong> of the radiation detection, monitoring <strong>and</strong> safety services, in the recent<br />
years.<br />
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Furthermore, recent technological advancement <strong>and</strong> increasing adoption of digital services in<br />
healthcare sector is leading increasing commercialization of next generation diagnostic is<br />
expected to fuel market dem<strong>and</strong> for radiation detection, monitoring <strong>and</strong> safety services over<br />
the forecast period. Soaring dem<strong>and</strong> for advanced analytical techniques for treatment of cancer<br />
is predicted to favor market growth in the upcoming years. In addition, surging need for fewer<br />
intrusive surgeries <strong>and</strong> introduction of disposable instruments is projected to foster the growth<br />
of radiation detection, monitoring & safety market over the forecast period. The recent<br />
technological advancement coupled with development of the novel products & techniques such<br />
as genetic therapy are expected to provide platform for the sustained market growth of<br />
radiation detection, monitoring & safety in the upcoming years.<br />
The radiation detection, monitoring <strong>and</strong> safety industry is broadly categorized into three major<br />
segments based on the product type in radiation detection segment such as gas-filled detectors,<br />
scintillators <strong>and</strong> solid-state detectors. The gas-filled detectors is considered as one of the fastest<br />
growing segment in the radiation detection, monitoring <strong>and</strong> safety market with substantial<br />
revenue generation in the last few years.<br />
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The radiation detection, monitoring & safety industry is divided by region as North America,<br />
Europe, Asia-Pacific, Latin America <strong>and</strong> Africa. North America has shown major growth in recent<br />
years owing to the rise in the implementation of latest technologies in healthcare sector,<br />
increase in the number of research & development activities in the region <strong>and</strong> existence of wellestablished<br />
medicinal infrastructure.<br />
Asia-Pacific region is predicted to hold major market share in the radiation detection,<br />
monitoring & safety market with massive growth in forecast period. Countries such as India,<br />
China <strong>and</strong> Singapore are leading the Asia-Pacific market with strong economic growth, rising<br />
healthcare infrastructure, increasing per capita income, growing prevalence of cancer related<br />
diseases, ever-growing population base, <strong>and</strong> significant investment by leading industry players<br />
considering potential growth opportunities in the region.
The key players in the radiation detection, monitoring <strong>and</strong> safety industry are L<strong>and</strong>auer Inc.,<br />
Mirion Technologies, Inc., Ludlum Measurements, Inc., Thermo Fisher Scientific Co., <strong>Radiation</strong><br />
<strong>Detection</strong> Company, Inc., Canberra Industries, Inc., Arrow-Tech, Inc., Centronic Ltd., AmRay<br />
Medical Co., Atomtexs.P.e, <strong>and</strong> RAE Systems, Inc.<br />
<strong>Market</strong> Segment:<br />
Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> & <strong>Safety</strong> Product Outlook (Revenue, USD Million, 2013<br />
- <strong>2024</strong>)<br />
• Personal Dosimeters<br />
• Area Process Monitors<br />
• Environmental <strong>Radiation</strong> & Surface Contamination Monitors<br />
• Radioactive Material Monitors<br />
Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> & <strong>Safety</strong> <strong>Detection</strong> Type Outlook (Revenue, USD Million,<br />
2013 - <strong>2024</strong>)<br />
• Gas-filled Detectors<br />
• Scintillators<br />
• Solid-state Detectors<br />
Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> & <strong>Safety</strong> Type Outlook (Revenue, USD Million, 2013 -<br />
<strong>2024</strong>)<br />
• Full-body Protection<br />
• Face & H<strong>and</strong> Protection<br />
• Others<br />
Global <strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> & <strong>Safety</strong> End-use Outlook (Revenue, USD Million, 2013<br />
- <strong>2024</strong>)<br />
• Hospitals<br />
• Non-hospitals<br />
<strong>Radiation</strong> <strong>Detection</strong>, <strong>Monitoring</strong> & <strong>Safety</strong> Regional Outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• UK<br />
• Germany<br />
• Asia Pacific<br />
• Japan<br />
• China<br />
• India<br />
• Latin America<br />
• Mexico<br />
• Brazil<br />
• MEA<br />
• South Africa<br />
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