Radiation Detection and Monitoring Equipment Market Globally Grow With 6% CAGR Rate During 2020-2024 | Business

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LONDON–(BUSINESS WIRE)–Nov 17, 2020–

The radiation detection and monitoring equipment market is expected to grow by USD 558.94 million, progressing at a CAGR of about 6% during the forecast period.

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Technavio has announced its latest market research report titled Global Radiation Detection and Monitoring Equipment Market 2020-2024 (Graphic: Business Wire)

The demand from healthcare facilities is one of the major factors propelling market growth. However, factors such as high cost of equipment will hamper the market growth.

More details:https://www.technavio.com/report/radiation-detection-and-monitoring-equipment-market-industry-analysis

Radiation Detection and Monitoring Equipment Market: Product Landscape

A dosimeter is a small radiation monitoring device worn to measure an individual’s accumulated ionizing radiation dose, which is obtained from external sources to evaluate the potentially harmful health effects of radiation. These devices are routinely used 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. The radiation detection and monitoring equipment market share growth by the dosimeters segment will be faster than the growth of the market by the other segments.

Radiation Detection and Monitoring Equipment Market: Geographic Landscape

North America was the largest radiation detection and monitoring equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The strong presence of key vendors, the increasing adoption of technologically advanced radiation detection and monitoring equipment, and the growing demand from various end-users such as the healthcare and nuclear industries will significantly drive the radiation detection and monitoring equipment market growth in this region over the forecast period. Over 38% of the market’s growth will originate from North America during the forecast period. The US is the critical market for radiation detection and monitoring equipment in North America. Market growth in this region will be slower than the growth of the market in APAC.

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Companies Covered:

  • 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
  • Thermo Fisher Scientific Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Dosimeters – Market size and forecast 2019-2024
  • Area monitors – Market size and forecast 2019-2024
  • Survey meters – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • Thermo Fisher Scientific Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201117006341/en/

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KEYWORD:

INDUSTRY KEYWORD: HEALTH TECHNOLOGY MANUFACTURING OTHER MANUFACTURING RADIOLOGY HARDWARE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/17/2020 10:45 PM/DISC: 11/17/2020 10:45 PM

http://www.businesswire.com/news/home/20201117006341/en

Copyright Business Wire 2020.



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