Radiation Detection, Monitoring, & Safety Market – Estimated to Reach US$ 2.26 Billion by 2022, Analysed by Healthcare, Homeland Security & Defence, Industrial Applications

Key factors pushing growth of radiation detection, monitoring, & safety market are growing security threats, growing prevalence of cancer, increasing safety awareness among people working in radiation-prone environments, growing safety concerns post Fukushima disaster, security budgets of sporting events & number of PET/CT scans.

Pune, India - December 5, 2018 /MarketersMedia/ —

The global radiation detection, monitoring, and safety market is expected to reach USD 2.26 billion by 2022 from USD 1.71 billion in 2017, at a CAGR of 5.7% during the forecast period. The key factors propelling the growth of this market are growing security threats, growing prevalence of cancer worldwide.

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Radiation detection and monitoring products segment accounted for largest share of radiation detection, monitoring, & safety products market. Larger share of this segment can be attributed to extensive usage of radiation detection and monitoring products for various applications such as in diagnostic medical imaging, homeland security, nuclear power plants, & industrial applications.

The radiation detection, monitoring, and safety market is segmented on the basis of product, composition, application, and region. Based on product, the market is segmented into radiation detection and monitoring products and radiation safety products. Radiation detection and monitoring products are expected to grow at the highest CAGR during the forecast period.

Radiation Detection and Monitoring Products Market, By Composition
1 Introduction
2 Gas-Filled Detectors
3 Gm Counters
4 Ionization Chambers
5 Proportional Counters
6 Scintillators
7 Inorganic Scintillators
8 Organic Scintillators
9 Solid-State Detectors
10 Semiconductor Detectors
11 Diamond Detectors

Radiation Safety Market: By Application
1 Introduction
2 Healthcare
3 Homeland Security & Defense
4 Industrial Applications
5 Nuclear Power Plants

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The global radiation safety market is segmented into gas-filled detectors, scintillators, and solid-state detectors. Gas-filled detectors accounted for the largest share of the global radiation detection, monitoring, and safety market in 2017. This segment is also projected to grow at the highest CAGR in the forecast period owing to uniformities in their detection over other detectors and user-freindly nature of these detectors such as durable, portable, and economical.

The homeland security & defense segment is expected to grow at the highest CAGR from 2017 to 2022 owing to the increased spending on internal security and military expenditure. Nuclear energy alternatives such as renewable energy, shortage of nuclear power workforce, and nuclear power phase-out are expected to restrain the growth of this market during the forecast period to a certain extent.

Key Target Audience:
• Manufacturers of Radiation Detection, Monitoring, and Safety Devices and Accessories
• Suppliers and Distributors of Radiation Detection, Monitoring, and Safety Devices and Accessories
• Research and Consulting Firms
• Homeland Security and Defense Departments
• Hospitals
• Research Institutes
• Venture Capitalists

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Geographically, Radiation Detection, Monitoring, & Safety market has been segmented into North America, Europe, Asia Pacific, and RoW. Of these, the North American region accounted for the largest share of the market in 2017. The large share of this region can be attributed to the factors such as favorable government initiatives, increasing number of nuclear power plants, rising prevalence of cancer, and increasing awareness of radiation safety.

Objectives of the Study
• To define, measure, and describe the global radiation safety market by product, composition, application, and region
• To provide detailed information about the major factors influencing market growth (drivers, restraints, challenges, and opportunities)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of market segments in North America, Europe, Asia Pacific, and RoW
• To strategically analyze the market structure and profile key players in the global radiation monitoring market and comprehensively analyze their core competencies

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Release ID: 454851