Radiation Detection, Monitoring, & Safety Market Demand, Growth Opportunities, Industry Revenue, Global Industry Trends & Forecast 2030 | Arktis Radiation Detection,Radiation Detection Company, Ultra Electronics,Polimaster

Global Radiation Detection, Monitoring, & Safety Market to Grow Rapidly due to Increasing Applications in Healthcare Sector
Increased acceptance of nuclear medicine and radiation therapy is expected to drive market growth over the forecast period as a result of growing global cancer incidences.

In 2012, about 14.1 million new cancer cases were registered and 8.2 million cancer-related deaths were reported worldwide, according to the International Agency for Research on Cancer (IARC), and it is estimated that the number will increase to 21.7 million new cancer cases and 13 million cancer-related deaths in the near future. It is expected that the global rise in forecasts will increase the demand for radiation therapy for cancer diagnosis during the forecast period.

Nuclear power provides a lot of energy and can satisfy the world's rising demand for electricity. There are questions about its safety, however. The threat of a nuclear explosion and the problems involved in handling radioactive waste are associated with a lot of health and safety issues. Cities and nations are installing small and large-scale renewable power sources due to human health and safety issues. Renewable energy sources overtook nuclear power-22.98 percent for renewables and 19.19 percent for nuclear power in April 2017, according to the US Energy Information Administration (EIA).

TOP Manufactures Company are: -

• Arktis Radiation Detection
• Radiation Detection Company
• AMETEK
• Ultra Electronics
• Arrow-Tec
• Polimaster

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Growth Drivers that Support the Global Radiation Detection, Monitoring, & Safety Market:

• Due to increasing applications for Geiger-Muller counters, ionization chambers, radiation survey meters, and proportional counters, the gas-filled detectors segment held the largest market share in 2015, based on composition. In addition, the factors that further increase demand are the user-friendly nature of these detectors, such as portable, durable as well as economical.

• The global market for radiation detection, control, and protection is classified into health care, homeland security and defense, industrial applications, nuclear power plants, and other applications dependent on application (environmental monitoring and academic research). Due to the increased expenditure on internal security and military spending, the homeland security & defense segment is projected to rise at the highest pace.

• In 2015, the largest share of the overall market was held by North America. The presence of a favorable regulatory environment and technological growth in this area can be attributed to this.

• North America's leading role in the global industry can also be partially attributed to the fact that most of the major suppliers in the global radiation detection, control, and protection market are located in the U.S. Favorable government support is expected to allow North America to maintain its dominant position during the forecast period through incentives and regulatory support for R&D in the sector.

Companies are Keen to Expand their Global Market

• Kromek released a new D3S SPRD (spectroscopic radiation detector) Personal Radiation Detector in May 2019. It is a palm size and very cost effective radioactive detection system. It can be linked to and viewed on a mobile phone, making it more effective. This product launch has extended the company's product range.

• Arktis Radiation Detectors Ltd produced the new flat panel gamma (FPG) detector in March 2019. The detector would greatly enhance the ability to detect radioactive materials in different applications. Such product innovations have seen a strong reaction from their clients and have boosted their sales and widened the consumer base.

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This release was published on openPR.