According to a report ,“Radiation Detection, Monitoring And Safety Market Analysis By Product (Personal Dosimeters, Area Process Monitors, Radioactive Material Monitors), By Detection Type, By Safety Type By End-use, And Segment Forecasts, 2018 – 2024″ published by Grand View Research, Inc., The radiation detection, monitoring & safety market is expected to reach USD 1.6 billion by 2024, 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.
Key Takeaways from the report:
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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
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The hospitals category in the end-use segment is anticipated to exhibit at a significant pace, owing to the rising adoption of cancer diagnostics
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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
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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
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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
U.S. radiation detection, monitoring & safety market, by detection type, 2013-2024 (USD Million)
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Global radiation detection, monitoring & safety market share, by end-use, 2015
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.
Grand View Research has segmented the radiation detection, monitoring and safety market on the basis of product, detection type, safety type, end-use, and region:
Global Radiation Detection, Monitoring & Safety Product Outlook (Revenue, USD Million, 2013 – 2024)
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Personal Dosimeters
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Area Process Monitors
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Environmental Radiation & Surface Contamination Monitors
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Radioactive Material Monitors
Global Radiation Detection, Monitoring & Safety Detection Type Outlook (Revenue, USD Million, 2013 – 2024)
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Gas-filled Detectors
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Scintillators
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Solid-state Detectors
Global Radiation Detection, Monitoring & Safety Type Outlook (Revenue, USD Million, 2013 – 2024)
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Full-body Protection
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Face & Hand Protection
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Others
Global Radiation Detection, Monitoring & Safety End-use Outlook (Revenue, USD Million, 2013 – 2024)
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Hospitals
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Non-hospitals
Radiation Detection, Monitoring & Safety Regional Outlook (Revenue, USD Million, 2013 – 2024)
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North America
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U.S.
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Canada
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Europe
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UK
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Germany
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Asia Pacific
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Japan
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China
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India
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Latin America
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Mexico
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Brazil
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MEA
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South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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