According to the recent study the radiation detection system market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by 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.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 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)
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“Detection and monitoring market is expected to remain the largest segment during the forecast period.”
Based on product, the radiation detection system market is segmented into detection and monitoring and safety. Lucintel forecasts that the detection and monitoring market is expected to remain the largest segment due to the extensive demand for detection and monitoring devices in the healthcare, homeland security and defense, and energy and power industries.
“Within the radiation detection system market, the medical and healthcare segment is expected to remain the largest end use industry”
Based on end use industry the medical and healthcare segment is expected to witness the highest growth over the forecast period 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 dominate the radiation detection system market in near future”
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.
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Major players of radiation detection system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Thermo Fisher Scientific, Fortive, Mirion Technologies, Alpha Spectra, Ludlum Measurements, IBA Worldwide, and AliMed are among the major radiation detection system providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/radiation-detection-system-market.aspx or [email protected]