Radiation Monitoring and Safety Market Overview, Growth, and Oppotunities by 2031

MARKET OVERVIEW

Radiation monitoring is a technique for determining radiation dosage or any radionuclide contamination to monitor radiation or radioactive substance exposure. Environmental protection organizations worldwide conduct rigorous examinations to ensure that environmental radiation stays within globally agreed-upon safety limits. Furthermore, radioactive tracers in nuclear medicine enable early cancer identification and monitor illness progression via visual tracking of the radiopharmaceuticals, which offer concrete information on the molecular origin of the problem producing physical disruptions.

MARKET SCOPE

The "Global Radiation Monitoring and Safety Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the radiation monitoring and safety market with detailed market segmentation by product, composition, application, and geography. The report provides key statistics on the market status of the leading radiation monitoring and safety market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on product, the global radiation monitoring and safety market is segmented into radiation detection and monitoring products, and radiation safety products. The radiation detection and monitoring products is further segmented into area process monitors, personal dosimeters, environmental radiation monitors, radioactive material monitors, and surface contamination monitors. The radiation safety products is further segmented into face and hand protection, full-body protection, hand safety products, and others.

Based on composition, the market is bifurcated into gas-filled detectors, scintillators, and solid-state detectors

Based on application, the market is bifurcated into homeland security and defense, healthcare, industrial applications, nuclear power plants, and other applications 

MARKET DYNAMICS

Drivers

• Rising prevalence of cancer worldwide
• Growing security budgets of global sporting events
• Use of drones for radiation monitoring

Restraints

• Shortage of nuclear power workforce

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The radiation monitoring and safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the radiation monitoring and safety market in these regions.

IMPACT OF COVID-19 ON RADIATION MONITORING AND SAFETY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS
The report covers key developments in the radiation monitoring and safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from radiation monitoring and safety market are anticipated to lucrative growth opportunities in the future with the rising demand for radiation monitoring and safety in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the radiation monitoring and safety market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• LANDAUER
• Mirion Technologies, Inc.
• Ludlum Measurements, Inc.
• Thermo Fisher Scientific Inc.
• RDC, Inc.
• Arrow-Tech, Inc.
• Centronic Limited
• Amray Radiation Protection
• Arktis Radiation Detectors Ltd
• S.E. International, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Radiation Monitoring and Safety Report Scope