Radiation Detection, Monitoring and Safety Market - Industry Analysis, Market Size, Share, Trends, Growth and Forecast 2020 - 2025

Report Code: HCR 0551 Report Format: PDF + Excel (Delivery in 48 Hrs)
Radiation Detection Monitoring & Safety Market size is estimated to be $2.4 billion in 2019, growing at a CAGR of 6.9% during the forecast period 2020-2025. Rising use of radioactive materials among various end use such as defense, healthcare, medical research and in various industrial application is a significant factor driving the radiation detection monitoring and safety market during the forecast period 2020-2025.Increasing prevalence of cancer and the radiation used for killing cancer cells is also contributing to its market growth. Furthermore, radiation detectors utilize the interaction of ionizing radiation to produce UV or visible light are called scintillation detectors. In addition these detectors yield information about energy distribution of incident radiation and thus can be utilized in spectrometers. Furthermore, hospitals, doctors and dentist use a variety of nuclear materials to diagnose, monitor and treat a wide assortment of metabolic process and medical condition in humans.

Report Coverage
The report: “Radiation Detection Monitoring and Safety Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Radiation Detection Monitoring & Safety Market.

By Product-Personal Dosimeters, Area Process Monitors, Environmental Radiation Monitor, Surface Contamination Monitors, Radioactive Material Monitor. 
By Detection Type- Gas Filled Detector, Scintillators and Solid State Detectors.
By Safety Type- Full Body Protection, Face Protection, Hand Protection and Others.
By End-Use- Healthcare, Homeland Security & Defense, Industrial Application and Others.
By Geography-North America, Europe, Asia-Pacific and RoW.

Key Takeaways
  • By product, the Personal Dosimeters are projected to have the fastest growth rat with a CAGR of 6% during the forecast period 2020-2025. This is owing to the rise in technological advancements for detection of radiation. 
  • Growing number of cancer patients and the use of high energy radiation to damage cancer cells DNA and destroy their ability to divide and grow is a significant factor driving the radiation detection monitoring and safety market.
  • North America dominated radiation detection monitoring and safety market in 2019 owing to the better healthcare infrastructure, technological development, improved industrial infrastructure, presence of major players and a higher rate of adoption of new technologies in the region.
  • Increasing number of cancer patients all over the world and the use of radiation therapy to kill cancer cells is a significant factor driving the Radiation Detection Monitoring and Safety Market during the forecast period 2020-2025.

By Detection Type- Segment Analysis 
By Detection Type the Radiation Detection Monitoring & Safety Market is segmented into Gas Filled Detector, Scintillators and Solid State Detectors. Among these the Gas Filled Detector accounted for the largest market share in 2019 owing to its growing application in Geiger-Muller counter, ionization chambers and proportional chambers. Furthermore, these detector are cheap with a large variety of application and size, large output signal is produced from tube. In addition these detectors are portable, durable, user-friendly and economical thereby driving the radiation detection monitoring and safety market during the forecast period 2020-2025.

By End-Use- Segment Analysis
Healthcare is the dominant end use vertical of radiation detection monitoring and safety market in 2019. Moreover, it is projected that this segment is set to have a substantial market growth during the forecast period 2020-2025.Growing number of cancer patients and the use of high energy radiation to damage cancer cells DNA and destroy their ability to divide and grow is a significant factor driving the radiation detection monitoring and safety market. Furthermore, radiation therapy is the use is the use of high energy radiation to treat cancer. In addition a radiation oncologist use radiation to cure cancer to relieve cancer patients pain or eliminate others symptoms owing to cancer. Moreover, according to the World Health Organization Cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018.Globally, about 1 in 6 deaths is because of cancer.

Geography- Segment Analysis
North America accounted for 45% of the Radiation Detection Monitoring and Safety Market share in 2019 owing to the technological development, improved industrial infrastructure, better healthcare infrastructure, presence of major players and a higher rate of adoption of new technologies in the region. In fact, diagnostic x-ray or radiation therapy has been administered to about 7 out of every 10 Americans. As a result medical procedures using radiation have saved thousands of lives through the detection and treatment of conditions ranging from hyperthyroidism to bone cancer thereby contributing to its market growth. Furthermore, the increasing use of personal dosimeters, radionuclide and environmental monitoring is also contributing to its market growth.

Drivers – Radiation Detection Monitoring and Safety Market
  • Increasing Number of Cancer Patients
With the increasing number of cancer patients all over the world and the use of radiation therapy to kill cancer cells is a significant factor driving the Radiation Detection Monitoring and Safety Market during the forecast period 2020-2025.Moreover, according to the World Health Organization cancer is the second leading cause of death globally and is responsible for an estimated 9.6 million deaths in 2018.Globally about 1 in 6 deaths is because of cancer.
  • Technological Advancements in Radiation Detection 
Technological advancements and growing innovation in radiation detection serves as a significant factor for its market growth. Developments in radiation imaging a significant application of nuclear technology for all kinds real world need including security inspection, anti-smuggling, operation and medicine is driving the market. Furthermore, THU has produced accelerating tubes for industrial and medical accelerators with high energy levels ranging from 2.5-20Mev.

Challenges – Radiation Detection Monitoring and Safety Market
  • High Cost Of Equipment
High Cost of Equipment serves as a setback for the growth of  Radiation Detection Monitoring and Safety Market during the forecast period 2020-2025.As it contain cameras, scanners, detectors, sources and image scanning system eventually increasing its overall cost. Therefore high cost of equipment disrupts the market growth during the forecast period 2020-2025.

Radiation Detection Monitoring and Safety Market Industry Outlook 
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in the Terahertz and Infrared Spectroscopy Market. Terahertz and Infrared Spectroscopy Market top 10 companies are Thermofisher Scientific Inc, Canberra Industries Inc, Bar-Ray Products Inc, Amtek Inc, Biodex Medical System Inc, Nuclear Control System, Arrow-Tech Inc, Radiation Detection Company Inc, Fuji Electric Co Ltd and Mirion Technologies Inc.

Developments:
  • March 2020: Thermofisher Scientific and Nano Pin Technologies Inc collaborated to advance blood-based infectious disease detection technology through the development of highly sensitive liquid chromatography mass spectrometry (LC-MS) based work flows.
1. Radiation Detection Monitoring and Safety Market Overview
    1.1 Definitions and Scope
2. Radiation Detection Monitoring and Safety Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Detection Type
    2.4 Key trends by Safety Type
    2.5 Key trends by End-use
    2.6 Key trends by Geography
3. Radiation Detection Monitoring and Safety Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Radiation Detection Monitoring and Safety Market- Startup companies Scenario Premium (Premium) 
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Radiation Detection Monitoring and Safety Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Radiation Detection Monitoring and Safety Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Radiation Detection Monitoring and Safety Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Radiation Detection Monitoring and Safety Market – By Product(Market Size –$Million/$Billion)
    8.1 Personal Dosimeters
    8.2 Area Process Monitors
    8.3 Environmental Radiation Monitor
    8.4 Surface Contamination Monitor
    8.5 Radioactive Material Monitor
9. Radiation Detection Monitoring and Safety Market – By Detection Type(Market Size –$Million/$Billion)
    9.1 Gas Filled Detector
        9.1.1 Ionizational Chambers
        9.1.2 Proportional Chambers
        9.1.3 Geiger-Muller Counter
    9.2 Scintillators
        9.2.1 Organic
        9.2.2 Inorganic
    9.3 Solid State Detector
        9.3.1 Diamond Detector
        9.3.2 Semiconductor Detector
10. Radiation Detection Monitoring and Safety Market – By Safety Type(Market Size –$Million/$Billion)
    10.1 Full Body Protection
    10.2 Face Protection
    10.3 Hand Protection
    10.4 Others
11. Radiation Detection Monitoring and Safety Market – By End-Use(Market Size –$Million/$Billion)
    11.1 Healthcare
    11.2 Industrial
    11.3 Homeland Security
    11.4 Others
12. Radiation Detection Monitoring and Safety Market - By Geography (Market Size -$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. Radiation Detection Monitoring and Safety Market - Entropy
14. Radiation Detection Monitoring and Safety Market – Industry/Segment Competition Landscape   (Premium) 
    14.1. Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Country- Key companies
        14.1.4 Best Practices for Companies
15. Radiation Detection Monitoring and Safety Market – Key Company List by Country Premium (Premium)
16. Radiation Detection Monitoring and Safety Market Company Analysis
    16.1 Company Revenue, Products, M&A, Developments
    16.2 ThermoFisher Scientific Inc.
    16.3 Canberra Industries Inc.
    16.4 Bar-Ray Products Inc.
    16.5 Amtek Inc
    16.6 Biodex Medical System Inc.
    16.7 Nuclear Control System
    16.8 Arrow-Tech Inc.
    16.9 Radiation Detection Company Inc.
    16.10 Fuji Electric Co Ltd
    16.11 Mirion Technologies Inc.
*Financials for private companies would be provided on a best efforts basis”.