Global Radiation Monitoring and Safety Market Trends and Analysis 2016 to 2023

Radiation Monitoring and Safety Market: Overview

Radiation monitoring is a process of measuring radiation dose or any radionuclide contamination for the purpose of controlling the exposure to radiation or radioactive substances. The environmental protection agencies across the world carry out rigorous tests to ensure that environmental radiation is under internationally agreed safety limits. These tests also ensure that any change in environmental radiation level is notified so as to provide warnings and necessary protection advice. The radiation doses from artificial radioactivity are smaller and do not constitute any significant health risk than that from natural radiation.

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Radiation Monitoring and Safety Market: Drivers

The radiation monitoring and safety market is experiencing significant growth currently due to increasing stability of manufacturing industries and nuclear power plants so as to prevent accidents. Moreover, rising government emphasis on the use of radiation detection instruments for ensuring homeland security and safety has significantly contributed to the growth of this market.

The growing nuclear terrorism threat is further driving the global radiation monitoring and safety market. Also, continuous incorporation of radioactive components into consumer products, radio luminous products, nuclear medicines and fluorescent lamps is pivotal to the radiation monitoring and safety market growth particularly in manufacturing industries. High awareness related to the harmful effect of radiations has led to rising need for radiation monitoring and safety products among end-users in the market. However, the shortage of raw materials for production and manufacturing as well as lack of skills among radiation professionals in handling monitoring devices are hindering the growth of this market.

Radiation Monitoring and Safety Market: Segmentation

The radiation monitoring and safety market is majorly segmented on the basis of product type and end-use applications. The radiation monitoring and safety market by product type include scintillator, silicon photomultipliers, fiber optic, and others (avalanche photodiodes (APD) and PIN diodes). Based on applications, the radiation monitoring and safety market is segmented into manufacturing, healthcare, biotechnology, homeland security & defense, automotive, research and high-energy physics, nuclear power plants, and others (oil & gas and space studies).

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