About Radiation Detection & Monitoring
The global market for radiation detection and monitoring is expected to be driven by the increasing demand from key end-users such as nuclear power plants and defense and military. The increasing construction of nuclear power plants in developing countries in APAC is expected to drive the market during the forecast period.
Technavio’s analysts forecast the global radiation detection and monitoring market to grow at a CAGR of 5.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global radiation detection and monitoring market for 2017-2021. To calculate the market size, the report considers the revenue generated from radiation detection and monitoring.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report –Global Radiation Detection and Monitoring Market 2017-2021
Technavio recognizes the following companies as the key players in the global radiation detection and monitoring market: Mirion Technologies, Thermo Fisher Scientific, LANDAUER, and Ludlum Measurements
Other Prominent Vendors in the market are: Arrow-Tech, FLIR Systems, Fuji Electric, International Medcom, John Caunt Scientific, Polimaster, Radiation Detection Company, Rapiscans Systems, RAE Systems, S.E. International, and Ultra Electronics Nuclear Control Systems
Commenting on the report, an analyst from Technavio’s team said: “Radiation therapy, generally using X-rays or gamma rays, is a highly targeted and effective way of destroying or inhibiting the growth of tumor cells. The dose of radiation used in radiation therapy is determined depending upon the stage and type of cancer. Accurate measuring and monitoring are required to avoid high level of radiation. For example, adjuvant therapy dose ranges from 40-60 gray for breast cancer. Professionals who are involved or exposed to radiation while treating cancer patients are also required to frequently check the dose of radiation they have received. Personal dosimeters and survey meters are used to ensure that the radiation devices do not leak any radioactive sources into the surroundings. The increasing incidences of cancer will have an impact on the growth of radiation detection and monitoring market. In 2012, about 14 million new cancer cases were reported globally, and it is expected that new cases of cancer will increase by 70% over the next two decades.”
According to the report, radioactive materials pose significant threats to military and defense personnel in areas of conflicts. Nuclear weapons can cause mass destruction if the radioactive material is released in densely populated areas. Defense and Homeland Security require radiation detection and monitoring equipment to eliminate the potential risks of nuclear attacks. An important factor driving the adoption of radiation detection devices in military and defense is the increasing instances of terrorist attacks. As these detection devices help detect and seize radioactive materials, manufacturers are offering defense and military specific detection instruments that are designed to meet military standards. For instance, in 2016, LANDAUER, a key vendor in the market, received a military order from the US National Guard for approximately 2,800 readers and 280,000 RadWatch systems, a personal in-field radiation monitoring system from the company.
Further, the report states that radiation may cause tissue damage depending on the rate of exposure, type of radiation, and part of the body exposed. Appropriate handling is critical to avoid exposure to radiation. Therefore, to ensure the safe use of radiation, professionals are trained. However, there is an acute shortage of radiation professionals such as radiation therapists who operate medical devices to target specific diseased cells; and radiation physicists who ensure that radiation machines deliver appropriate doses during treatment. The shortage of skilled professionals can have a negative impact on the management of radiological therapy.
Mirion Technologies, Thermo Fisher Scientific, LANDAUER, Ludlum Measurements, Arrow-Tech, FLIR Systems, Fuji Electric, International Medcom, John Caunt Scientific, Polimaster, Radiation Detection Company, Rapiscans Systems, RAE Systems, S.E. International, Ultra Electronics Nuclear Control Systems.
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