Global Radiation Detection Products Market 2016-2020

Global Radiation Detection Products Market 2016-2020

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.

Technavio’s analysts forecast the global radiation detection products market to grow at a CAGR of 5.54% during the period 2016-2020.

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:

• Americas
• APAC
• EMEA

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.

Key vendors

• Mirion Technologies
• Landauer
• Thermo Fisher Scientific

Other prominent vendors

• Carestream Health
• FujiFilm Holdings
• Esaote
• FLIR Systems
• Fluke
• GE Healthcare
• Hitachi Healthcare
• Hologic
• James Fisher and Sons
• Toshiba Medical Systems
• Shimadzu
• Philips Healthcare
• Siemens Healthcare

Market driver

• Increasing energy consumption
• For a full, detailed list, view our report

Market challenge

• High initial cost of investment
• For a full, detailed list, view our report

Market trend

• Availability of integrated radiation monitoring solution
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Radiation Detection Products Market 2016-2020

Technavio 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 Technavio’s 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.

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.



Companies Mentioned

Mirion Technologies, Landauer, Thermo Fisher Scientific, Carestream Health, FujiFilm Holdings, Esaote, FLIR Systems, Fluke, GE Healthcare, Hitachi Healthcare, Hologic, James Fisher and Sons, Toshiba Medical Systems, Shimadzu, Philips Healthcare, Siemens Healthcare.