According to Technavio’s latest market research study, the global radiation detection and monitoring market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global radiation monitoring and detection market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Global radiation detection and monitoring market for healthcare end-users: The high demand for radiation detection and monitoring in the healthcare sector is attributable to the increasing use of radiation therapy for cancer treatment and radiation sterilization of healthcare products. The top two sources of risky and excessive doses of radiation in this sector are nuclear medicine and fluoroscopy treatment.
“Initiatives taken by organizations such as the US Food and Drug Administration and International Atomic Energy Agency to create awareness and reduce unnecessary radiation exposure is propelling the demand for radiation detection and monitoring in the healthcare sector,” says Abhay Sinha, a lead analyst at Technavio.
Global radiation detection and monitoring market for defense and law enforcement end-users: The market’s growth during the forecast period will be driven by factors such as increasing safety and security near borders and coastal lines, which requires radiation detection to ensure security from any kind of radioactive substance. Manufacturers in the market space are now offering increased safety and security near borders and coastal lines, which requires radiation detection to ensure security from any kind of radioactive substance.
Global radiation detection and monitoring market for industrial end-users: Industrial end-users primarily include manufacturing industries and nuclear power plants. The anticipated growth of nuclear power plants in developing countries for electricity generation and manufacturing industries is likely to foster the growth of this market during the forecast period.
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The top vendors operating in the global radiation detection and monitoring market are:
- Mirion Technologies
- Thermo Fisher Scientific
- LANDAUER
- Ludlum Measurements
Other prominent vendors in the market include Arrow-Tech, FLIR Systems, Fuji Electric, International Medcom, John Caunt Scientific, Polimaster, Radiation Detection Company, Rapiscans Systems, RAE Systems, S.E. International, and Ultra Electronics Nuclear Control Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global Radiation Detection and Monitoring Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Radiation Detection Products Market 2016-2020
- Global Fire and Gas Detection System Market 2016-2020
- Global Security Screening Systems Market 2016-2020
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