Radiation Detection, Monitoring and Safety Market Projected to Reach $2.091 Billion at 6.42% CAGR Till 2023 | Top Key Players - Thermo Fisher Scientific, Radiation Detection, Centronic, Bar-Ray Products, Unfors RaySafe AB

Marketprognosis.com Publish a New Market Research Report On “Global Radiation Detection, Monitoring and Safety Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Radiation Detection, Monitoring and Safety Market:

The global radiation detection, monitoring, and safety market was valued at USD 1.434 Billion in 2017, and is expected to reach USD 2.091 Billion by 2023, registering a CAGR of 6.42%, over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by various players, including providers of detectors, monitoring, and safety equipment.

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The increased use of radioactive materials in areas, such as power production, industrial processing, medical research, processing, and the security sector, coupled with the increased threat of terrorism, has intensified the need for equipment offering protection against radioactive radiations. In addition, the amplified stability of manufacturing industries is likely to augment the growth of the market during the forecast period. The usage of radiography testing in the manufacturing industry to test the quality of manufactured goods and inspects flaws, is also likely to fuel the growth of the market. Moreover, increasing incidences of cancer are leading to high awareness related to the harmful effect of radiations and the environmental protection agencies are initiating rules and regulations, by enforcing limitations on radiation levels. Thus, favorable regulatory framework, technologically advanced equipment, and rising investments in nuclear weapons are fostering the growth of radiation monitoring market.

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North America accounted for the largest market share in 2017, followed by Europe, with the United States emerging as the major contributor. According to a report by National Cancer Institute, over 1.6 million people were diagnosed with cancer in the United States, out of which, almost 0.6 million succumbed to the disease. National expenditure for cancer care in the United States totaled to nearly USD 125 billion in 2010, and is expected to reach USD 156 billion by 2020, further increasing the demand for radiation safety products in the country.

In Canada, the government is focusing on providing healthcare services remotely and reaching isolated communities, which is an ongoing challenge for most of the territories. Territorial Health Investment Fund, which was renewed as part of the budget in 2017, to USD 108 million over four years, is expected to transform the Canadian healthcare industry. Owing to these factors, North America dominated the market in 2017.

Major Key Players:

1 Thermo Fisher Scientific Inc.

2 Radiation Detection Company Inc.

3 Centronic Ltd

4 Bar-Ray Products Inc.

5 Unfors RaySafe AB

6 AmRay Radiation Protection and More……………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Radiation Detection, Monitoring and Safety Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Market Insights

4 Market Dynamics

5 Global Radiation Detection, Monitoring, and Safety Market Segmentation

6 Competitive Intelligence - Company Profiles

7 Investment Analysis

8 Outlook of the Global Radiation Detection, Monitoring, and Safety Market

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