The radiation detection, monitoring & safety market size is expected to reach USD 1.6 billion by 2024, according to a new report by Grand View Research, Inc., given the contentious nature of radioactive material, employed in varied spheres including consumer products, such as fluorescent lamps and radio luminous products, and in the field of nuclear medicine, there is an urging need for caution in their use.
Dosimeters
that furnish radioactivity measurements serve as effective tools to maintain
prescribed levels, laid down by international authorities. As a consequence, a
high demand for these measuring instruments is anticipated and consequentially,
the radiation detection, monitoring, and safety market is set to witness
profitable growth.
Furthermore,
increasing adoption of radioactive material in manufacturing industries
combined with the rising awareness of radiation safety is anticipated to
provide this market with lucrative growth opportunities in near future.
Increasing
adoption of protective gear is a major growth booster for safety devices
market, thereby propelling growth of overall industry. the protective gear
considered in the segment hand and face protection comprised of eyewear, face
masks, gloves, and attenuating sleeves. The need for safety wear arises due to
the deleterious effects associated with exposure to ionizing rays, which at
best, include burns and at worst, cause cancer as a result of genomic damage.
The full body protection devices are more used owing to effective coverage of
the entire body, shielding work personnel from long-term radioactive emission
exposure and the high-cost attached to these protective garments.
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Further key
findings from the study suggest:
- The area process monitors
category of the product segment is expected to grow at a lucrative CAGR of
above 6.0% owing to the wide range of commercially available solutions for
varied purposes that include iodine monitors, irradiation monitors,
spectroscopic monitors, and environmental monitors
- The hospitals category in
the end-use segment is anticipated to exhibit at a significant pace, owing
to the rising adoption of cancer diagnostics
- The industry players are
adopting strategies, such as technological innovation initiatives, new
product launches, and collaborations including mergers and acquisitions to
capitalize on their industry share
- The scintillators segment
falling under the detection type category is anticipated to grow at a
significant CAGR, attributable to applications in non-destructive
inspection, security, astrophysics, mineral resource hunting, and nuclear
medicine
- The face and hand protection
safety type segment is anticipated to grow substantially, due to the need
for safety measures where radioactive emissions are involved
- Key players in radiation
detection, monitoring and safety market include Landauer Inc., Mirion
Technologies, Inc., Ludlum Measurements, Inc., Thermo Fisher Scientific,
Radiation Detection Company, Inc., Canberra Industries, Inc., Arrow-Tech,
Inc., Centronic Limited, AmRay Medical, Atomtex SPE, and RAE Systems.
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Grand View Research has segmented
the global radiation detection, monitoring and safety market on the basis of
product, detection type, safety type, end-use, and region:
Radiation
Detection, Monitoring & Safety Product Outlook (Revenue, USD Million, 2013
- 2024)
- Personal Dosimeters
- Area Process Monitors
- Environmental Radiation
& Surface Contamination Monitors
- Radioactive Material
Monitors
Radiation
Detection, Monitoring & Safety Detection Type Outlook (Revenue, USD
Million, 2013 - 2024)
- Gas-filled Detectors
- Scintillators
- Solid-state Detectors
Radiation
Detection, Monitoring & Safety Type Outlook (Revenue, USD Million, 2013 -
2024)
- Full-body Protection
- Face & Hand Protection
- Others
Radiation
Detection, Monitoring & Safety End-use Outlook (Revenue, USD Million, 2013
- 2024)
- Hospitals
- Non-hospitals
Radiation
Detection, Monitoring & Safety Regional Outlook (Revenue, USD Million, 2013
- 2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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