Radiation Detection and Monitoring Equipment Market to record USD 558.94 Mn growth — Technavio identifies North America as key growth region – QNT Press Release


NEW YORK , Aug. 1, 2022 /PRNewswire/ — The radiation detection and monitoring equipment market report by Technavio expects the market to observe an incremental growth of USD 558.94 million between 2020 and 2025. The market witnessed a YOY growth of 5.60% in 2021 and the growth momentum is expected to accelerate at a CAGR of 5.7% during the forecast period. Download a PDF Sample Report

The market is fragmented and is characterized by the presence of several regional and well-established global vendors. The vendors are focusing on new product launches and M&As to remain competitive in the market. For instance, in January 2021the company entered into exclusive negotiations with Paprec Group for possible disposal of its Operation and Maintenance activity, which includes its subsidiaries specialized in the operation and maintenance of energy recovery plants.

Technavio identifies AMETEK Inc., Constructions Industrielles de la Mediterranee, Fortive Corp., Fuji Electric Co. Ltd., Honeywell International Inc., Ludlum Measurements Inc., Mirion Technologies Inc., OSI Systems Inc., Polimaster LLC, and Thermo Fisher Scientific Inc. as some of the major market participants. The demand from healthcare facilities, increasing use of radiation detection and monitoring in different industries, and regulations mandating the use of radiation detection and monitoring equipment will offer immense growth opportunities. To leverage the current opportunities, Market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The radiation detection and monitoring equipment market is segmented as follows:

  • Product
    • Dosimeters
    • Area Monitors
    • Survey Meters
    • Others

The dosimeters segment will have the largest share of the market. The increasing use of dosimeters in occupational radiation environments in the nuclear industry, such as nuclear power plants and radiation sterilization facilities, as well as in medical facilities such as radiology centers is driving the growth of the segment.

  • Geography
    • North America
    • Europe
    • APAC
    • South America

North America will have the largest share of the market. The strong presence of key vendors, increasing adoption of technologically advanced radiation detection and monitoring equipment, and increasing demand from various end-users such as the healthcare and nuclear industries are driving the growth of the regional market . The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request a PDF Report Sample Here

To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow- growing segments. Backed with competitive intelligence and benchmarking, our research report on the radiation detection and monitoring equipment market is designed to provide entry support, customer profile, & M&As as well as go-to-market strategy support. The report covers the following areas :

Radiation Detection and Monitoring Equipment Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist radiation detection and monitoring equipment market growth during the next five years
  • Estimation of the radiation detection and monitoring equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the radiation detection and monitoring equipment market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of radiation detection and monitoring equipment market vendors

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