The size of global radiation detection monitoring & safety market in terms of revenue was estimated to be worth $2.9 billion in 2024 and is poised to reach $4.4 billion by 2029, growing at a CAGR of 8.3% from 2024 to 2029. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.
Rising cancer incidence globally, radiation safety awareness, increase in the use of PET/CT scans, increased use of nuclear medicine.
The major players in this market are Fortive (US), Mirion Technologies Inc. (US), Thermo Fisher Scientific Inc. (US), Fuji Electric Co., Ltd. (Japan) and AMETEK Inc. (US) These players lead the market because of their extensive product portfolios and wide geographic presence.
The radiation detection and monitoring segment accounted for the largest share of the radiation detection monitoring safety industry, by product segment, in 2023
Based on types of products, the radiation detection, monitoring, and safety market is divided into radiation detection and monitoring products and radiation safety products. The radiation detection and monitoring products segment accounted for the largest share in 2023. The higher share of this segment is owing to the widespread use of radiation detection and monitoring for applications in medical imaging during diagnosis, homeland security and causes, nuclear power plants, and industrial settings. The widespread adoption of these products with advancements in technologies will increase its dominance in the market.
Gas-Filled Detectors segment of the radiation detection monitoring safety industry to register the highest growth rate during the forecast period
Based on composition type, the global radiation detection monitoring safety market is divided into gas-filled detectors, scintillators, and solid-state detectors. In 2023, the gas-filled detectors segment accounted for the largest share mostly due to the utility of these detectors and regularity of their detection outcomes in comparison to those of other detectors.
The Lead & Lead Composite segment accounted for the largest share of the radiation detection monitoring safety industry, by material type, in 2023
Based on material, the radiation detection monitoring safety market is segmented into lead & lead composite and other materials. The lead & lead composite segment accounted for the largest share of the market in 2023. Lead is one of the most widely used materials in the radiation safety market. In addition, its wide use in various industries, due to its efficient safety properties and relatively low price, has driven its adoption in the market.
The healthcare application hold for the largest share of the radiation detection monitoring safety industry, by application segment, in 2023
Based on application, the global radiation detection monitoring safety market is sub-segmented into healthcare, homeland security & defense, industrial applications, nuclear power plants and other applications. In 2023, the healthcare segment had the largest share of this market, due to high adoption of passive dosimeters and full-body detectors in radiology therapy in hospitals as well as availability of skilled and professional radiology workforce.
North America to dominate radiation detection monitoring safety industry
The global vmarket has been sub-divided into six major regions—North America, Europe, the Asia Pacific, Latin America, Middle East and Africa and GCC Countries. North America accounted for the largest share of the radiation detection, monitoring and safety market. The large share of this regional segment can be attributed to the rising nuclear power industry all over the country, increasing incidences of cancer and government awareness and initiatives regarding radiation safety in the region.
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