Radiation Detection, Monitoring and Safety Equipment Market Competitive Situation and Trends By 2025

25th September 2018 - Global Radiation Detection, Monitoring and Safety Equipment Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. The Radiation detection, monitoring, and safety equipment are used to protect the environment as well as people from harmful effects of radiation. The high practical capacity of radiation therapy and nuclear medicine in the diagnosis and treatment of sicknesses is the main aspect driving the growth of the radiation protection market for medical applications.  

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Additionally, growing occurrence of cancer cases and technical developments are driving the growth of this market. On the other hand, the factors that hamper the development of this market are calibration for radiation protection devices, and lack of standardization, dearth of suitable skills and training among radiation professionals prove to be market constraints.

Radiation Detection, Monitoring, and Safety Equipment Market are categorized based on product type, applications, end users, and geography. This market is categorized based on product types such as Gas-Filled Detectors, Semiconductor-based Detectors, Scintillators. Radiation Detection, Monitoring, and Safety Equipment Industry are categorized based on end users into Healthcare, Manufacturing, Nuclear Power, Others.

Radiation Detection, Monitoring and Safety Equipment Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

North America has been at the forefront with regards to Radiation Detection, Monitoring, and Safety Equipment Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Radiation Detection, Monitoring and Safety Equipment Market include Biodex Medical Systems, Inc, Canberra Industries, Inc., Bar-Ray Products, Inc., Landauer, Inc., ProtecX, Thermo Fisher Scientific, Inc., Amtek, Inc., Mirion Technologies, Inc., and ProtechRadiation Safety. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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