Global Radiation Detection and Monitoring Equipment Market 2018-2022
About Radiation Detection and Monitoring Equipment
Radiation detection and monitoring products are instruments used to detect, identify, and monitor specific forms of radiation (for e.g., alpha, beta, gamma, and neutron) in nuclear power, environmental, industrial, medical, and security applications.
Technavio’s analysts forecast the Global Radiation Detection and Monitoring Equipment Market to grow at a CAGR of 5.66% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the radiation detection and monitoring equipment market. To calculate the market size, the report considers the revenue generated from the retail sales of radiation detection and monitoring equipment across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Radiation Detection and Monitoring Equipment Market 2018-2022
Technavio recognizes the following companies as the key players in the global radiation detection and monitoring equipment market: Fortive, Fuji Electric, Ludlum Measurements, Mirion Technologies, Polimaster, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing adoption of service contracts. The technology applied in radiation detection and monitoring devices is continually evolving because of enhancements in the range and readout methods as well as additional features such as global positioning systems (GPS), networking options, and storage of the accumulated dose.”
According to the report, one driver influencing this market is the rising demand for radiation monitoring system from the healthcare sector. There is a surge in demand for different types of radiation detectors in healthcare facilities owing to growing use of radiation-based equipment in the diagnosis and treatment of various disorders.
Further, the report states that one challenge affecting this market is the high cost of equipment. The growth of the global radiation detection and monitoring equipment market is hindered by the high cost of equipment.
Thermo Fisher Scientific
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