Press release
Radiation Detection, Monitoring, and Safety Market 2021 Growth, Prominent Players: AmRay Radiation Protection, Arktis Radiation Detectors Ltd., Bar-Ray Products, Inc.
The Radiation Detection, Monitoring, and Safety Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Radiation Detection, Monitoring, and Safety market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Radiation Detection, Monitoring, and Safety market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Radiation Detection, Monitoring, and Safety market.The radiation detection, monitoring, and safety market was valued at USD 2.69 billion in 2019 and is expected to reach USD 3.78 billion by 2025, registering a CAGR of 6.3% during the forecast period (2020-2025).
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Top Leading Companies of Radiation Detection, Monitoring, and Safety Market are - AmRay Radiation Protection, Arktis Radiation Detectors Ltd., Bar-Ray Products, Inc., Centronic Ltd., ECOTEST Group, General Electric Company, Landauer, Inc., Mirion Technologies, Inc., Radiation Detection Company, Inc., RAE Systems, Inc., Thermo Fisher Sc and others.
Industry News and Updates:
-March 2019 - Radiation detection vendor, Arktis Radiations Detectors developed a new flat panel gamma (FPG) detector which assists to improve significantly the capability for detecting radioactive sources in a variety of applications. The slim form factor of Arktis new detector means that gamma detectors can now be placed in areas where it was previously unfeasible or untenable for cost reasons.
-December 2018 - Arktis deepened its relationship with BrightSpec NV/SA, signing an exclusive license agreement to distribute the BrightSpec Compact Digital Multi-Channel Analyzer (bMCA) in the US Homeland Security market. Arktis has previously deployed BrightSpec bMCA technology for gamma detection, on its deployed fleet of vehicle radiation portal monitors and in US government test programs.
Key Market Trends:
Medical and Healthcare Segment Occupies the Largest Market Share
- The medical and healthcare industry accounts for the highest market share, owing to the increasing use of dosimeters and detectors in radiology, emergency care, dentistry, nuclear medicine, and therapy applications. Various forms of radiation are used in medical diagnostics and treatment. All forms are potentially dangerous, and exposure must be carefully controlled to ensure that the benefit to patients outweighs the risks from exposure.
- X-ray diagnostics (general and dental radiography) and therapies, which make use of radioisotopes in oncology and some other serious diseases, attribute to the primary contribution to the dose absorbed by a person from human-made radiation sources. The upcoming diagnostic and therapeutic methods, based on the use of radioactive elements, are also being adopted.
North American Region Occupies the Largest Market Share
- As per the World Nuclear Association, the United States, the world's largest producer of nuclear power, accounted for more than 30% of worldwide nuclear generation of electricity. Currently, the United States has 98 operating nuclear power reactors in 30 states, operated by 30 different power companies. Strict regulations for workers’ safety in the nuclear industry are expected to drive its demand in the country.
- The leading stance of North America in the global market can majorly be credited to the fact that most of the major vendors in the global radiation detection, monitoring, and safety market are based in the US. Favorable government support through incentives and regulatory support to research and development in the field are expected to allow North America to retain its dominant position.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Radiation Detection, Monitoring, and Safety Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Radiation Detection, Monitoring, and Safety Market (%),2016 - 2026
- Radiation Detection, Monitoring, and Safety Market Share, By Brand
- Radiation Detection, Monitoring, and Safety Market Share, By Company
- Radiation Detection, Monitoring, and Safety Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Radiation Detection, Monitoring, and Safety Market Value Analysis & Forecast
- Promising Radiation Detection, Monitoring, and Safety Development by Major Companies
- Detailed Radiation Detection, Monitoring, and Safety Portfolio of the Major Companies
- Major Deals in the Radiation Detection, Monitoring, and Safety Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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