The radiation detection, monitoring and safety industry is broadly categorized into three major segments based on the product type in radiation detection segment such as gas-filled detectors, scintillators and solid-state detectors. The gas-filled detectors is considered as one of the fastest growing segment in the radiation detection, monitoring and safety market with substantial revenue generation in the last few years. Globally, the radiation detection, monitoring & safety industry is predicted to grow at CAGR of 7.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The radiation detection, monitoring & safety industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, increase in the number of research & development activities in the region and existence of well-established medicinal infrastructure.
Asia-Pacific region is predicted to hold major market share in the radiation detection, monitoring & safety market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising healthcare infrastructure, increasing per capita income, growing prevalence of cancer related diseases, ever-growing population base, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the radiation detection, monitoring and safety industry are Landauer Inc., Mirion Technologies, Inc., Ludlum Measurements, Inc., Thermo Fisher Scientific Co., Radiation Detection Company, Inc., Canberra Industries, Inc., Arrow-Tech, Inc., Centronic Ltd., AmRay Medical Co., Atomtexs.P.e, and RAE Systems, Inc.
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