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Radiation Detection System Market Report: Trends, Forecast and Competitive Analysis

December 2022 | 150 pages | ID: R83881DA05FAEN
Lucintel

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Radiation Detection System Market Trends and Forecast

The future of the radiation detection system market looks promising with opportunities in the medical and healthcare, industrial, homeland security and defense, and energy and power industries. The global radiation detection system market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are growing demand of radiation detection systems considering the prevalence of cancer, awareness towards health leading to increasing number of PET/CT scans, and expansion in military expenditure leading towards the risk of exposure to high radiation level.

Emerging Trends in the Radiation Detection System Market

Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of molecular imaging and introduction of new radiopharmaceuticals with advanced technologies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global radiation detection system market report, please download the report brochure.

Radiation Detection System Market by Segment

The study includes a forecast for the global radiation detection system market by product, composition, end use industry, and region, as follows:

Radiation Detection System Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Detection and Monitoring
o Personal Dosimeters

? Passive Dosimeters

? Active Dosimeters
Area Process Monitors
Environment Radiation Monitors
Surface Contamination Monitors
Radioactive Material Monitors
Others
  • Safety
o Full-Body Protection Products
Face Protection Products
Hand Safety Products
Others
  • Others
Radiation Detection System Market by Composition [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Gas-Filled Detectors
o Geiger–Muller Counters
Ionization Chambers

? Dosimeters

? Radiation Survey Meters
Proportional Counters
  • Scintillators
o Inorganic Scintillators
Organic Scintillators
  • Solid-State Detectors
o Semiconductor Detectors

? Ionizing Radiation Detectors

? Terahertz Radiation Detectors
Diamond Detectors

Radiation Detection SystemMarket by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Medical and Healthcare
  • Industrial
  • Homeland Security and Defense
  • Energy and Power
  • Others
Radiation Detection System Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Radiation Detection System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies radiation detection system companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the radiation detection system companies profiled in this report include.
  • Thermo Fisher Scientific
  • Fortive
  • Mirion Technologies
  • Alpha Spectra
  • Ludlum Measurements
  • IBA Worldwide
  • AliMed
Radiation Detection System Market Insights
  • Lucintel forecasts that detection and monitoring will remain the largest segment over the forecast period due to the extensive demand for detection and monitoring devices in the healthcare, homeland security and defense, and energy and power industries.
  • Medical and healthcare is expected to remain the largest segment due to the growing demand for radiation detection systems attributed to increasing prevalence of cancer and other related diseases. The knowledge and awareness for nuclear medicine and radiation therapy has also grown which adds in the growing utilization of radiation detection systems in medical and healthcare market.
  • North America will remain the largest region due to the increasing number of active nuclear power plants, growing awareness for radiation safety, and presence of key players in the region.
Features of the Radiation Detection System Market
  • Market Size Estimates: Radiation detection system market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Radiation detection system market size by various segments, such as by product, composition, end use industry, and region
  • Regional Analysis: Radiation detection system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product, composition, end use industry, and regions for the radiation detection system market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the radiation detection system market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ

Q1. What is the radiation detection system market size?

Answer: The global radiation detection system market is expected to reach an estimated $xx billion by 2028.

Q2. What is the growth forecast for radiation detection system market?

Answer: The global radiation detection system market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the radiation detection system market?

Answer: The major drivers for this market are growing demand of radiation detection systems considering the prevalence of cancer, awareness towards health leading to increasing number of PET/CT scans, and expansion in military expenditure leading towards the risk of exposure to high radiation level.

Q4. What are the major segments for radiation detection system market?

Answer: The future of the radiation detection system market looks promising with opportunities in the medical and healthcare, industrial, homeland security and defense, and energy and power industries.

Q5. What are the emerging trends in radiation detection system market?

Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of molecular imaging and introduction of new radiopharmaceuticals with advanced technologies.

Q6. Who are the key radiation detection system companies?

Answer: Some of the key radiation detection system companies are as follows:
  • Thermo Fisher Scientific
  • Fortive
  • Mirion Technologies
  • Alpha Spectra
  • Ludlum Measurements
  • IBA Worldwide
  • AliMed
Q7. Which radiation detection system segment will be the largest in future?

Answer:Lucintel forecasts that detection and monitoring will remain the largest segment over the forecast period due to the extensive demand for detection and monitoring devices in the healthcare, homeland security and defense, and energy and power industries.

Q8. In radiation detection system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to the increasing number of active nuclear power plants, growing awareness for radiation safety, and presence of key players in the region.

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the radiation detection system market by product (detection and monitoring and safety), composition (gas-filled detector, scintillator, and solid-state detector), end use industry (medical and healthcare, industrial, homeland security and defense, energy and power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to radiation detection system market or related radiation detection system companies, radiation detection system market size, radiation detection system market share, radiation detection system analysis, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
1. EXECUTIVE SUMMARY

2. GLOBAL RADIATION DETECTION SYSTEM MARKET: MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2017 TO 2028

3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Radiation Detection System Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Radiation Detection System Market by Product
  3.3.1: Detection and Monitoring Products
    3.3.1.1: Personal Dosimeters
      3.3.1.1.1: Passive Dosimeters
      3.3.1.1.2: Active Dosimeters
    3.3.1.2: Area Process Monitors
    3.3.1.3: Environment Radiation Monitors
    3.3.1.4: Surface Contamination Monitors
    3.3.1.5: Radioactive Material Monitors
    3.3.1.6: Others
  3.3.2: Safety
    3.3.2.1: Full-Body Protection Products
    3.3.2.2: Face Protection Products
    3.3.2.3: Hand Safety Products
    3.3.2.4: Others
  3.3.3: Others
3.4: Global Radiation Detection System Market by Composition
  3.4.1: Gas-Filled Detectors
    3.4.1.1: Geiger–Muller Counters
    3.4.1.2: Ionization Chambers
      3.4.1.2.1: Dosimeters
      3.4.1.2.2: Radiation Survey Meters
    3.4.1.3: Proportional Counters
  3.4.2: Scintillators
    3.4.2.1: Inorganic Scintillators
    3.4.2.2: Organic Scintillators
  3.4.3: Solid-State Detectors
    3.4.3.1: Semiconductor Detectors
      3.4.3.1.1: Ionizing Radiation Detectors
      3.4.3.1.2: Terahertz Radiation Detectors
    3.4.3.2: Diamond Detectors
3.5: Global Radiation Detection System Market by End Use Industry
  3.5.1: Medical and Healthcare
  3.5.2: Industrial
  3.5.3: Homeland Security and Defense
  3.5.4: Energy and Power
  3.5.5: Others

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2017-2028

4.1: Global Radiation Detection System Market by Region
4.2: North American Radiation Detection System Market
  4.2.1: North American Radiation Detection System Market by Product: Detection and Monitoring and Safety
  4.2.2: North American Radiation Detection System Market by End Use Industry: Medical and Healthcare, Industrial, Homeland Security and Defense, Energy and Power, and Others
4.3: European Radiation Detection System Market
  4.3.1: European Radiation Detection System Market by Product: Detection and Monitoring and Safety
  4.3.2: European Radiation Detection System Market by End Use Industry: Medical and Healthcare, Industrial, Homeland Security and Defense, Energy and Power, and Others
4.4: APAC Radiation Detection System Market
  4.4.1: APAC Radiation Detection System Market by Product: Detection and Monitoring and Safety
  4.4.2: APAC Radiation Detection System Market by End Use Industry: Medical and Healthcare, Industrial, Homeland Security and Defense, Energy and Power, and Others
4.5: ROW Radiation Detection System Market
  4.5.1: ROW Radiation Detection System Market by Product: Detection and Monitoring and Safety
  4.5.2: ROW Radiation Detection System Market by End Use Industry: Medical and Healthcare, Industrial, Homeland Security and Defense, Energy and Power, and Others

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Radiation Detection System Market by Product
  6.1.2: Growth Opportunities for the Global Radiation Detection System Market by Composition
  6.1.3: Growth Opportunities for the Global Radiation Detection System Market by End Use Industry
  6.1.4: Growth Opportunities for the Global Radiation Detection System Market by Region
6.2: Emerging Trends in the Global Radiation Detection System Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Radiation Detection System Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Radiation Detection System Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Thermo Fisher Scientific
7.2: Fortive
7.3: Mirion Technologies
7.4: Alpha Spectra

7:5: LUDLUM MEASUREMENTS

7.6: IBA Worldwide
7.7: AliMed


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