Radiation Detection, Monitoring And Safety Market Growth & Trends
The global radiation detection, monitoring and safety market size is expected to reach USD 2.52 billion by 2030, registering a CAGR of 7.4% from 2024 to 2030, 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.
Radiation Detection, Monitoring And Safety Market Report Highlights
- Personal dosimeters dominated the market and accounted for a share of 64.5% in 2023 and is expected to grow at the fastest CAGR over the forecast period.
- Gas-filled detectors accounted for the largest market revenue share in 2023, owing to increasing applications in Geiger-Muller counters, ionization chambers, radiation survey meters, and proportional counters.
- The full-body protection segment accounted for the largest market revenue share in 2023. This is attributable to its extensive applications in the form of aprons, barriers & shields.
- The hospitals segment dominated the market with a share of 65.7% in 2023 mainly due to the increasing adoption rate of the dosimeters and detectors in radiology, emergency care, dentistry, nuclear medicine, and therapy.
- North America radiation detection, monitoring and safety market dominated the market in 2023. It is attributable to favorable government initiatives encouraging the adoption of radiation detection, monitoring and safety across various industries.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Radiation Detection, Monitoring And Safety Market Variables, Trends, & Scope
Chapter 4. Radiation Detection, Monitoring And Safety Market: Product Outlook Estimates & Trend Analysis
Chapter 5. Radiation Detection, Monitoring And Safety Market: Detection Type Outlook Estimates & Trend Analysis
Chapter 6. Radiation Detection, Monitoring And Safety Market: Protection Type Outlook Estimates & Trend Analysis
Chapter 7. Radiation Detection, Monitoring And Safety Market: End Use Estimates & Trend Analysis
Chapter 8. Radiation Detection, Monitoring And Safety Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
- LANDAUER
- Mirion Technologies, Inc.
- Ludlum Measurements, Inc.
- Thermo Fisher Scientific Inc.
- Radiation Detection Company
- Arrow Tech.
- Centronic Limited
- Amray Group
- ATOMTEX
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.53 Billion |
| Forecasted Market Value ( USD | $ 2.52 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
