Radiation Monitoring and Safety Market â€˘Forecast 2022 http://www.marketsandmarkets.com/Market-Reports/radiation-protection-market-987.html
The global radiation safety market is projected to reach USD 2.26 Billion by 2022 from USD 1.71 Billion in 2017, at a CAGR of 5.7% during the forecast period. The key factors propelling the growth of this market are growing security threats, growing prevalence of cancer worldwide, increasing safety awareness among people working in radiation-prone environments, growing safety concerns post the Fukushima disaster, growing security budgets of global sporting events, growth in the number of PET/CT scans, increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, and use of drones for radiation monitoring.
The radiation detection, monitoring, and safety market is segmented on the basis of product, composition, application, and region. Based on product, the market is segmented into radiation detection and monitoring products and radiation safety products. Radiation detection and monitoring products are expected to grow at the highest CAGR during the forecast period. http://www.marketsandmarkets.com/Market-Reports/radiation-protection-market-987.html
Based on composition, the global radiation safety market is segmented into gas-filled detectors, scintillators, and solid-state detectors. Gas-filled detectors accounted for the largest share of the global radiation detection, monitoring, and safety market in 2017. This segment is also projected to grow at the highest CAGR in the forecast period owing to uniformities in their detection over other detectors and user-freindly nature of these detectors such as durable, portable, and economical.
â€˘ Based on application, the radiation safety market is segmented into healthcare, homeland security and defense, industrial applications, nuclear power plants, and other applications (environmental monitoring and academic research). In 2017, the healthcare segment accounted for the largest share of the global radiation detection, monitoring, and safety market. The large share of this segment can be attributed to the growth in the number of PET/CT scans and increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, increasing research activities, and growing incidence of cancer. The homeland security & defense segment is expected to grow at the highest CAGR from 2017 to 2022 owing to the increased spending on internal security and military expenditure. â€˘ Geographically, the market has been segmented into North America, Europe, Asia Pacific, and RoW. Of these, the North American region accounted for the largest share of the market in 2017. The large share of this region can be attributed to the factors such as favorable government initiatives, increasing number of nuclear power plants, rising prevalence of cancer, and increasing awareness of radiation safety.
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