Radiation Tester Market Size, Share, and Analysis, By Type (Dosimeters, Area Process Monitors, Radioactive Material Monitors, Environment Radiation Monitors, and Others), By Application (Medical Research, Defence & Homeland Security, Nuclear Power Plants, Manufacturing, Oil & Resource Exploration, and Others) and Regional Forecasts, 2022-2032
Radiation Tester Market Size, Share, and Analysis, By Type (Dosimeters, Area Process Monitors, Radioactive Material Monitors, Environment Radiation Monitors, and Others), By Application (Medical Research, Defence & Homeland Security, Nuclear Power Plants, Manufacturing, Oil & Resource Exploration, and Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
The Global Radiation Tester market size was USD 2.1 billion in 2021 and projected to grow from USD 2.4 billion in 2023 to USD 4.1 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
Radiation testers are the equipment used for identification, detection, or for measuring radioactive radiations of high energy. They are being used to measure radiation dose or contamination of radionuclide in increasing amounts which are the reasons for making assessment or control of exposure to radiation & radioactive substances. Increase in adoption of new products for research activities is increasing and is estimated to aid in market growth.
MARKET HIGHLIGHTS
The Global Radiation Tester Market is expected to reach USD 4.1 billion at a CAGR of 6.2% during forecast period owing to the increasing adoption of radiation testers in nuclear power plants, medical research, manufacturing process, oil & resource explorations etc. There has been an increased usage of radioactive elements in various fields like power production, medical research, and industrial processing, which has increased the demand and has created a scope for radiation testing equipment and is expected to propel the market growth during forecast period. Increased awareness on radiation-prone environment, and the occurrence of disease like cancer, led to the increased usage of radiotherapy in the healthcare industry, will create potential growth opportunities for radiation tester market.
Global Radiation Tester Market Segments:
- By Type
- Dosimeters
- Area Process Monitors
- Radioactive Material Monitors
- Environment Radiation Monitors
- Others
- By Application
- Medical Research
- Defence & Homeland Security
- Nuclear Power Plants
- Manufacturing
- Oil & Resource Exploration
- Others
MARKET DYNAMICS
Growth Drivers
Growing Safety Concerns is Expected to Boost the Growth of the Market
Rise in Nuclear Material Smuggling is Expected to Boost the Growth of the Market
Restraint
High Cost of Testing May Hamper the Market Growth
Key Players
- Thermo Fisher Scientific, Inc.
- Mirion Technologies, Inc.
- Bar-Ray Products, Inc.
- Radiation Detection Company, Inc.
- Amtek, Inc.
- Ludlum Measurements, Inc.
- Arrow-Tech, Inc
- Atomtex SPE.
- Landauer Inc.
- Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.