Radiation detection, monitoring and safety market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031) owing to the rising prevalence of cancer, growing use of nuclear medicine and radiation therapy for the diagnosis, increasing radiation safety awarness, and increasing use of radiation monitoring in different industries. They are essential in a variety of fields and situations where radiation exposure is a possibility, including nuclear power plants, healthcare institutions, industrial locations, research labs, and homeland security.
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The market is witnessing rapid growth due to growing use of nuclear medicine and radiation therapy for the diagnosis and high prevalence of cancers. Nuclear medicine uses radiation to provide information about the functioning of a person’s specific organs, or to treat disease. Radiotherapy can be used to treat some medical conditions, especially cancer, using radiation to weaken or destroy particular targeted cells. According to the World Nuclear Association, the demand for radioisotopes rising by around 5% each year and around 40 million nuclear medicine procedures are performed annually. About 1 in 50 individuals in developed nations (which account for 25% of the global population) use diagnostic nuclear medicine annually and the frequency of radioisotope therapy accounts for approximately a one-tenth of this cases. In the US there are over 20 million nuclear medicine procedures per year, and in Europe about 10 million, with 2 million of these being therapeutic.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Radiation Detection, Monitoring and Safety Market Report Segment
By By Radiation Detection and Monitoring Products Type
- Area Process Monitors
- Environment Radiation Monitors
- Surface Contamination Monitors
- Personal Dosimeters
- Radioactive Material Monitors
By Radiation Safety Products Type
- Full-Body Protection Products
- Face Protection Products
- Hand Safety Products
- Other (Apron, Gloves)
By Application
- Healthcare
- Homeland Security & Defense
- Nuclear Power Plants
- Industrial
Global Radiation Detection, Monitoring and Safety Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global radiation detection, monitoring and safety market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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