“Global Radiation Detection, Monitoring, and Safety Market is valued at USD 2.71 Billion in 2018 and expected to reach USD 3.84 Billion by 2025 with the CAGR of 5.10% over the forecast period.”
Rising prevalence of nuclear medicine and radiation therapy as an effect of the increasing global incidences of cancer is one of the major factors expected to drive the market growth over the forecast period.
The study gives an elaboration on the market size, share analysis, demand-supply scenario, production and value chain analysis, key drivers, restraints, emerging trends, pricing structure, opportunities, profit margins, prominent business, and recent technological progress.
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“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Scope of Global Radiation Detection, Monitoring, and Safety Market Report–
The radiation detection and monitoring harvest sector includes personal dosimeters, area process monitors, environmental radiation monitors, surface contamination monitors, and radioactive material monitors. The safety products sector covers the yield used for the safety of hands, face, and body. The major number of personnel being exposed to harmful levels of radiation, the radiation monitors and detectors are majorly used in the defense industry to monitor radiation exposure and limit the impact of radiation on personnel health. These radiation detection and monitoring products are extensively used for various applications such as in diagnostic medical imaging, homeland security, nuclear power plants, and industrial applications. Furthermore, the use of radiation detection, monitoring, and safety equipment minimize the effects of harmful radiations.
The Radiation detection, monitoring, and safety equipment includes radiation protection equipment and instruments. Nuclear power plants also use radiation safety accessories including full body radiation protection and hand safety accessories. Hence, the radiation protection is similar to radiation measurement applications in the sense that it is usually in a setting where radiation is expected to be found. However, the goals are different. The radiation measurement settings’ goal is to monitor the radioactivity itself, to be aware of fluctuations, boundaries, etc. With radiation protection, the goal is monitoring the people. It is important as it provides protection from the most harmful effects of radiation exposure through awareness, in that a wearer can keep informed of how much radiation they have been exposed to, and how that corresponds to potential health effects, and alter their behavior or position or schedule consequently.
Global Radiation Detection, Monitoring, and Safety Market report is segmented on the basis of type, application, and by regional & country level. Based on type, global radiation detection, monitoring, and safety drug market is classified as the gas-filled detectors, scintillators and solid-state detectors. Based upon application, global radiation detection, monitoring, and safety is classified into healthcare, homeland security & defense, industrial applications, nuclear power plants, and other applications.
The regions covered in this radiation detection, monitoring, and safety market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of radiation detection, monitoring, and safety is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Radiation Detection, Monitoring, and Safety Market Report-
Some major key players for Global Radiation Detection, Monitoring, and Safety Market are,
- Thermo Fisher Scientific, Inc
- Landauer Inc.
- Ludlum Measurements, Inc.
- Mirion Technologies, Inc.
- Radiation Detection Company, Inc
- Fuji Electric Co., Ltd
- ArKTis Radiation Detectors Ltd
- Ametek, Inc.
- Nuclear Control Systems
- Arrow-Tech, Inc.
Global Radiation Detection, Monitoring, and Safety Market Dynamics–
Rapidly increasing incidences of cancer coupled with government and environmental protection agencies rules and regulations and limitations on radiation levels is leading to high awareness, related to the harmful effects of radiation. All these factors are the major factors expected to drive the market growth. According to the World Health Organization (WHO) in 2018; it is estimated that 1,276,106 new cases of prostate cancer were reported worldwide with higher prevalence in the developed countries. Increasing nuclear threats in developed countries and growing concern of governments regarding internal security are also supplementing the growth of the radiation detection, monitoring, and safety equipment market for defense and homeland security. According to the World Health Organization (WHO), prevalence of cancer has been tremendously increased annually in 2019, about 99% of individuals get cancer as a result of a one-time uniform whole-body exposure of 100 million at this quantity, are extremely complicated to identify an excess in cancers caused by radiation detection.
One of the major challenges faced by this market is nuclear power generate lot of energy and can meet the increasing demand for electricity across the globe. However, there are a lot of health and safety concerns associated with the threat of a nuclear meltdown as well as challenges involved in storing radioactive waste. Additionally, the availability of advanced instruments, such as, automated reader instrument, electronic radiation measuring instrument, alarm badges, thermo luminescent dosimeters (TLD), and handheld and portable devices are propelling the growth of this sector over the forecast period. In the coming years, the radiation discovery, observing and security advertise is evaluated to witness the most noteworthy development in the North America. This provincial section is additionally anticipated that would represent the biggest offer of the worldwide radiation discovery, checking and wellbeing market. Furthermore, the rising demand for oil and gas among Asian countries and the adverse impact of carbon pollution, nuclear power is considered as a safer alternative for catering to the rising energy demands. Recent technological advancement coupled with development of the novel products & techniques such as genetic therapy are expected to provide platform for the sustained market growth of radiation detection, monitoring & safety in the upcoming years.
Global Radiation Detection, Monitoring, and Safety Market Regional Analysis–
Geographically, North America is expected to account for the largest share of the radiation detection, monitoring, and safety market, followed by Europe. The feature such as favorable government initiatives, increasing number of nuclear power plants, rising prevalence of cancer, and increasing awareness of radiation safety are the major factors driving the market growth in this region. According to the World Health Organization (WHO) U.S in 2018, the estimated number of new cases of cancer was approximately 1.6 million in males and 1.4 million in females, with 790,000 men and 620,000 women dying from the disease in the same year.
The Asia Pacific is anticipated to grow at a lucrative rate owing to emergence of nuclear power hubs such as India & China thereby, rendering high growth over this region. Rising healthcare infrastructure, increasing per capita income, growing prevalence of cancer related diseases, ever-growing population base, and significant investment by leading industry players considering potential growth opportunities in this region. According to the World Health Organization (WHO) Asia Pacific in 2019,that estimated that cancer-associated infections at least 2 million cancer cases per year, 18% of the global cancer burden, are attributable to a few specific chronic infections, and this fraction is substantially larger in low-income countries.
Key Benefits for Global Radiation Detection, Monitoring, and Safety Market Report–
Global Radiation Detection, Monitoring, and Safety Market report covers in depth historical and forecast analysis.
Global Radiation Detection, Monitoring, and Safety Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Radiation Detection, Monitoring, and Safety Market report helps to identify opportunities in market place.
Global Radiation Detection, Monitoring, and Safety Market report covers extensive analysis of emerging trends and competitive landscape.
Global Radiation Detection, Monitoring, and Safety Market Segmentation:–
By Type: Gas-Filled Detectors, Scintillators, Solid-State Detectors
By Application: Healthcare, Homeland Security and Defense, Industrial Applications, Nuclear Power Plants, Other Applications
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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