About Radiation Detection Products
Radiation monitoring involves the measurement of radionuclide contamination or radiation dose. The reason for radiations in the atmosphere or environment can be radiation leakage from a nuclear plant or a nuclear disaster. Thus, apart from just assessment or control of exposure to radiation or radioactive substances, the interpretation of the results is also a very important aspect of radiation monitoring.
Technavios analysts forecast the global radiation detection products market to grow at a CAGR of 5.54% during the period 2016-2020.
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Global Radiation Detection Products Market 2016-2020
Report recognizes the following companies as the key players in the global radiation detection products market: Mirion Technologies, Landauer, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Carestream Health, FujiFilm Holdings, Esaote, FLIR Systems, Fluke, GE Healthcare, Hitachi Healthcare, Hologic, James Fisher and Sons, Toshiba Medical Systems, Shimadzu, Philips Healthcare, and Siemens Healthcare.
Commenting on the report, an analyst from Reports team said: The latest trend gaining momentum in the market is availability of integrated radiation monitoring solution. Advances in technology have resulted in improvements in semiconductor fabrication process, availability and development of nano-materials, improvement in transistor development scaling from 22 nanometers (nm) to 14 nm and now 10 nm, and improvement in connectivity solutions (especially the wireless connectivity such as 3G and 4G and the upcoming 5G). All these advances have enabled the manufacturers of radiation detection products to launch new designs and products.
According to the report, one of the major drivers for this market is increasing energy consumption. The energy consumption across the globe has been increasing although the energy price showed a weak rise in 2015. The energy consumption from emerging economies continued to grow in 2015. In terms of nuclear energy consumption, China recorded more than a 20% increase in consumption, which is equivalent to approximately 40 million tons of oil.
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Further, the report states that one of the major factors hindering the growth of this market is high initial cost of investment. The global radiation detection equipment market is highly dependent on government funding, as well as economic conditions of the country. From a nuclear waste management point of view, these devices are limited to countries that are dependent on nuclear energy, i.e., the country that has a higher number of nuclear reactors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Covered in this report
The report covers the present scenario and the growth prospects of the global radiation detection products market for 2016-2020. To calculate the market size, the report considers the radiation detection equipment used for the various application segments such as healthcare and medicine, industrial and scientific application, and domestic security and military use.
The market is divided into the following segments based on geography:
Technavio’s report, Global Radiation Detection Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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