Technavio, a tech-focused market research firm, has published a new report on the global radiation detection products market, which is expected to grow at a CAGR of over 5% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: The Americas, EMEA, and APAC.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2015 (%) |
|
Americas |
49.00% |
|
EMEA |
28.00% |
|
APAC |
23.00% |
Source: Technavio
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Top three contributors for the radiation detection products market are
Global radiation detection products market in the Americas
The US has the largest number of nuclear reactors in the world. These radiation detection products are used for not just checking radiation levels but also for different activities such as nuclear waste management. The key revenue generators of the region include the US, Canada, and emerging economies such as Brazil.
According to Chetan Mohan, a senior analyst at Technavio, specializing in research on embedded systems, says, “After the 9/11 attacks, there has been a substantial change in the use of radiation detection device in this region. This rise in the use of radiation detection products is because of the increased threat of nuclear or radiological weapons, which necessitate the adoption of the radiation detection instruments at airports and seaports.”
Global radiation detection products market in EMEA
In EMEA, countries such as Ukraine, Russia, and South Africa have large reserves of Uranium and drive the demand the market for radiation detection products in the industrial application. The sale of X-ray and gamma ray detection devices and other radiology devices for both the healthcare sector and industrial applications drives the sale of radiation detection products market in EMEA.
Global radiation detection products market in APAC
APAC is expected to be the fastest-growing region in the global radiation detection products market. The growth in APAC is due to the augmented demand for nuclear energy consumption from countries such as China and India. Moreover, as the economies of these countries are growing, there has been a significant improvement in the healthcare sector.
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The top leading vendors operating in the global radiation detection products market are:
- Mirion Technologies
- Landauer
- Thermo Fisher Scientific
Other prominent vendors in the market include Carestream Health, FujiFilm Holdings, Esaote, FLIR Systems, Fluke, GE Healthcare, Hitachi Healthcare, Hologic, James Fisher and Sons, Toshiba Medical Systems, Shimadzu, Philips Healthcare, and Siemens Healthcare.
A more detailed analysis is available in the Technavio report titled, ‘Global Radiation Detection Products Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Fire and Gas Detection System Market 2016-2020
- Global Infrared Detection Equipment Market 2015-2019
- Global Security Screening Systems Market 2016-2020
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