| Delivery: 24-72 Working Hours | Report Code: LS10169 | Available Format: |
Radiation Detection, Monitoring and Safety Market Overview
Increasing use of radiation therapy for treatment and diagnosis purposes is expected to fuel the growth of the medical radiation detection, monitoring and safety market. According to the National Health Service (NHS), there were 41.4 million imaging tests reported in England between December 2016 to November 2017. Of these, 3.6 million imaging tests were performed in November 2017. During this period, X-ray examinations were conducted at a large-scale, as compared to ultrasound, computed tomography (CT) scans, and magnetic resonance imaging (MRI) scans.
The radiation detection, monitoring and safety market includes products, such as personal dosimeters, area process monitors, environment radiation monitors, surface contamination monitors, and radioactive material monitors that are used for detecting and monitoring radiations; where, personal dosimeters dominate the global market. Personal dosimeters are further sub-categorized into passive and active personal dosimeters. The radiation safety products category further includes full-body protection accessories, face protection and hand safety products.
Based on component, the radiation detection, monitoring and safety market has been categorized into gas-filled detectors, scintillators, and solid-state detectors. Gas-filled detectors hold a substantial share in this market. It is also projected to be the fastest growing category in this market in the coming years, mainly due to the factors such as, uniformities in the detection results as compared to other detectors; and user-friendly nature of these detectors.
Radiation detection, monitoring and safety products are primarily used in healthcare, homeland security and defense, industrial, and nuclear power plants. It has been observed that these products find broad range of applications in the healthcare industry, owing to the growing number of PET/CT scans being performed; increasing usage of nuclear medicine and radiation therapy for the diagnosis and treatment of various diseases; rising number of research activities; and growing prevalence of cancer.
Geographically, North America is expected to lead the radiation detection, monitoring and safety industry in the coming years, primarily due to the improving nuclear power industry, and increasing number of nuclear weapon research activities, and development centers in the region. Moreover, the stiffer regulations for these products in North America also supports the regional market growth.
The radiation detection, monitoring and safety market is expected to witness the fastest growth in Asia-Pacific (APAC) during the forecast period. This is primarily characterized by the ongoing expansion in the nuclear power production capacity in the developing countries of the region. Emerging countries, such as China, India, and Indonesia, have introduced many new proposals to expand the manufacturing capacity for nuclear power generation, which is expected to boost the growth of the APAC market in the coming years.
Radiation Detection, Monitoring and Safety Market Dynamics
Rising prevalence of cancer, increasing safety awareness among people working in radiation-prone environment, growing safety concerns after the Fukushima disaster, spur in the number of PET/CT scans, increasing adoption of nuclear medicine and radiation therapy for diagnosis and treatment of various diseases, and use of drones for radiation monitoring are some of the elements driving the growth of the radiation detection, monitoring and safety market.
FlyCam UAV partnered with the U.S. Nuclear Corporation, a radiation detection company, to detect radiation from aerial views. The unmanned aerial vehicle (UAVs) can be used to detect radiation leaks in nuclear power plants or flown into plumes of smoke from a burning building to provide immediate data about kind of hazards. It can also be used to monitor public events, sea ports or geographic areas to detect possible dirty radiological bombs or the use of chemical and biological agents.
Rising focus on nuclear power in the emerging economies
Increase in the number of nuclear power plants, technological advancements in radiation detection, and growing focus on clean and reliable sources of electricity generation in developing economies offers ample opportunities to the players to invest in the radiation detection, monitoring and safety market.
Availability of nuclear energy alternatives, such as renewable energy; shortage of nuclear power workforce; and nuclear power phase-out are some of the major factors hindering the growth of the market.
Radiation Detection Monitoring and Safety Market Competitive Landscape
Ongoing partnerships and product launches by the players in the radiation detection, monitoring and safety market are expected to increase their market share in the coming years. For instance, in October 2018, DiaCarta Inc., a diagnostic company and developer of products for nucleic acid-based detection assays, received $2 million through National Cancer Institute (NCI) Small Business Innovation Research (SBIR) contract to continue development of its RadToxTM cfDNA radiation therapy toxicity monitoring test kit for cancer patients.
Other than DiaCarta Inc., the radiation detection monitoring, and safety industry includes players such as Thermo Fischer Scientific Inc., AMETEK Inc., Fluke Corporation, ATOMTEX, Arktis Radiation Detectors Ltd., Mirion Technologies Inc., Comecer S.p.A., Fuji Electric Co. Ltd., General Electric Company, and Smiths Group.
The market study provides historical as well the forecast data for various geographies including the U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, Brazil, Mexico, Saudi Arabia, South Africa.
Prescient & Strategic (P&S) Intelligence Private Limited (formerly known as P&S Market Research Private Limited) was born out of the idea of helping businesses achieve breakthroughs through intelligent decision making, underpinned by a thorough understanding of industry dynamics
Enquire Before Purchase