Radiation Detection, Monitoring And Safety Market Growth, Trends, And Forecast 2020-2026

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 inspect 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, favourable regulatory framework, technologically advanced equipment, and rising investments in nuclear weapons are fostering the growth of radiation monitoring market.

Global Radiation Detection, Monitoring, and Safety Market is a recent report published by MarketInsightsReports, which offers in-depth insights, revenue details, and other vital information regarding the global Radiation Detection, Monitoring, and Safety Market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global Radiation Detection, Monitoring, and Safety Market report has been segmented on the basis of product type, composition, application, and region.

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Top Key Players Included in This Report: Thermo Fisher Scientific Inc., Radiation Detection Company Inc., Mirion Technologies Inc., Centronic Ltd, Bar-Ray Products Inc., Unfors Raysafe Ab, Amray Radiation Protection, And Landauer Inc.
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.

Global Industry News :
Thermo Fisher Scientific Launches New Dosimetry Monitoring Service[February 25, 2019]
TEWKSBURY, Mass. -- A new dosimetry monitoring service from Thermo Fisher Scientific enables medical and imaging facilities, dental offices, veterinary clinics, nuclear power plants, laboratories and other facilities with radiation safety requirements to streamline management of their safety programs.

Thermo Scientific Dosimetry Services are designed to enable facility operators to monitor and track individual employee accumulated radiation dose with both precision and accuracy. Facilities can now deploy the well-established, whole-body Thermo Scientific Harshaw thermoluminescence dosimeter (TLD), which is designed to accurately and reliably measure gamma, beta and neutron doses. Facility operators can use Thermo Scientific Dosimetry Services to deliver dosimeters, read and store cumulative data, and produce recurrent dose reports. Harshaw TLDs are durable and easy to wear in a ring, wristband or headband, and are designed to enable flexible extremity monitoring depending on the user's need.

Mirion Technologies Acquires The Oldest & Largest Personal Dosimetry Monitoring Service In Germany[04/07/2020]

IRVINE, CA, April 7, 2020 -- Mirion Technologies Dosimetry Services Division (Mirion), a global provider of innovative radiation detection and measurement solutions, announced today the acquisition of Germany's oldest and largest personal radiation monitoring service, Auswertungsstelle f�r Strahlendosimeter (AWST), from Helmholtz Zentrum M�nchen, the German Research Center for Environmental Health.
"The strength of AWST's research background and expertise in Germany made it an attractive natural fit for us," said Lou Biacchi, President of the Mirion Dosimetry Services Division. "Adding AWST to our growing global franchise of industry-leading dosimetry facilities is a win for all--expanding the expertise, access, quality, technology innovation, and service offering available to both our German and European customers, partners, and industry professionals."

Radiation contains sufficient energy to damage living cells, causing them to die or become cancerous. Radiation exposure increases the risk as the dose increases. Globally, approximately 23 million workers are exposed occupationally to ionizing radiation.1 Personal dosimeters are typically worn by individuals (clipped to their collar, torso, waist, wrist or worn as a ring on their finger) who work with or around sources of ionizing radiation and are used to measure, record, and track the radiation dose they are exposed to while performing their job. Mirion's Dosimetry Services Division offers a wide variety of dosimeters to suit any need--from area and environmental dosimeters to traditional personal dosimeters, including: TLD, OSL, wallet card, wrist, eye, rings and the revolutionary line of wireless Instadose dosimeters.

Global Radiation Detection, Monitoring And Safety Market Split by Product Type and Applications:
Market Segment by Type, covers:

Detection
Monitoring
Safety
Segment by Applications, covers:
Medical & Healthcare
Industrial
Homeland Security & Defense.

Regional Analysis For Radiation Detection,
Monitoring And Safety Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Use of Drones for Radiation Monitoring Advancing the Market

Drones have an advantage, in terms of reaching places where people are not permitted. Flycam UAV, a famous drone maker, partnered with US Nuclear Corp., and placed a sensor on a drone, to detect radiation in a site. These drones can be used to detect radiation leaks in nuclear power plants, enter places that are on fire, and send data to first responders about the kinds of hazards prevalent. Moreover, drones are increasingly being used in defence and homeland security sector, because of the threat of terrorist attacks. The military & defense industries of several countries have raised their budgets, to safeguard their nation.

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Major highlights of this research report:
o Estimation of Radiation Detection, Monitoring And Safety Market values and volumes.
o Radiation Detection, Monitoring And Safety Market analysis through industry analysis tools such as SWOT and Porter's five analysis.
o Detailed elaboration on global market value, volume, and penetration.
o Radiation Detection, Monitoring And Safety Market growth projections.
o Detailed description on development policies and plans.
o Analytical study on drivers, restraints, opportunities, hindrances, inadequacies, challenges and strengths.
o In-depth analysis of the degree of competition across the globe.

What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Radiation Detection, Monitoring And Safety Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.

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