(PharmaNewsWire.Com, May 10, 2017 ) This report studies the global radiation detection, monitoring and safety market for the forecast period of 2016 to 2021. This market is expected to reach USD 2.18 Billion by 2021 from USD 1.66 Billion in 2016, growing at a CAGR of 5.6%.
The global radiation detection, monitoring and safety market is segmented on the basis of product, composition, application, and region.
By product, the radiation detection, monitoring and safety market is categorized into detection and monitoring devices and safety products. Furthermore, detection and monitoring devices market includes personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, and radioactive material monitors, whereas radiation safety products market is segmented into full-body protection, face protection, hand safety products, and others. In 2016, the detection and monitoring device segment is expected to command the largest share and highest growth rate during the forecast period. The large share of this segment can be attributed to factors such as the U.S., Europe and Asia-Pacific regions installing radiation detection systems for monitoring the entry and exit ports, increasing number of nuclear power plants and use of nuclear power to meet energy demands.
The global radiation detection, monitoring and safety market is segmented into gas-filled detectors, scintillators, and solid-state detectors on the basis of composition. Furthermore, gas-filled detectors include ionization chambers, proportional counters, and Geiger-Müller (GM) counters; scintillators comprise organic and inorganic scintillation detectors; while solid-state detectors comprise semiconductor and diamond detectors. The gas-filled detector segment is estimated to account for the largest share and highest growth rate during the forecast period. Factors such as high dose rate measurement and their extensive use to detect radioactive contamination on large areas are likely to propel the market of this segment.
On the basis of applications, the global radiation detection, monitoring and safety market is segmented into healthcare, homeland security & defense, nuclear power plants, industrial applications, and other applications (environmental monitoring & academic research). The healthcare segment is estimated to account for the largest share of the global radiation detection, monitoring and safety market in 2016. The homeland security & defense segment is projected to have the highest growth rate in the forecast period. Factors such as the growing focus on internal security is likely to propel the growth of homeland security & defense application segment.
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America is poised to account for the largest share of the radiation detection, monitoring and safety market, followed by Europe and Asia-Pacific. North America is also projected to have the highest growth rate in the forecast period. The large share of this regional segment is attributed to factors such as government initiatives and increasing number of nuclear power plants, rising prevalence of cancer and growing security concerns in the U.S.; and increasing awareness on radiation safety in Canada.
The prominent players in the global radiation detection, monitoring and safety market were Thermo Fisher Scientific, Inc. (U.S.), Landauer, Inc. (U.S.), and Mirion Technologies, Inc. (U.S.). in 2015. These companies are dominant in the radiation detection, monitoring and safety market mainly due to their presence in over 50 countries, high R&D investments, and strong sales and distribution force. While the other players includes, Ludlum Measurements, Inc. (U.S.), Ametek, Inc. (U.S.), Arktis Radiation Detectors, Ltd. (Switzerland), Radiation Detection Company, Inc. (U.S.), Fuji Electric Co. Ltd. (Japan), Arrow-Tech, Inc. (U.S.), and Nuclear Control Systems (U.K.).
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