Radiation Monitoring and Safety Market

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MarketsandMarkets Presents

• Radiation Monitoring and Safety Market 
• Forecast 2020

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• The scope of the study is confined to
  photomultiplier tubes (PMTs), silicon
  photomultipliers (SiPMs), and others (PIN and
  avalanche photodiodes) hence, the market size is
  estimated only for the abovementioned product
  segments.
• The radiation safety market is projected to reach
  USD 652.8 Million by 2020 from USD 512.1 Million
  in 2015, at a CAGR of 5.0 in the next five years
  (2015 to 2020). The growth of the overall
  radiation safety market can be attributed to
  growing safety concerns post the Fukushima
  disaster, technological advancements, growing
  security threats, growing security budgets of
  global sporting events, increasing incidence of
  cancer, growth in the number of PET/CT scans, and
  growing threat of nuclear terrorism.

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• http//www.marketsandmarkets.com/Market-Reports/ra
  diation-protection-market-987.html
• In the coming years, the radiation safety market
  is expected to witness the highest growth in the
  Asia-Pacific region. This can be attributed to
  high spending on homeland security in Asia,
  Japans decision to continue with the use of
  nuclear power, high growth expected in Chinas
  nuclear power industry, presence of global and
  local players in the Chinese market, increasing
  number of nuclear power plants in India, and
  increasing installations of nuclear imaging
  systems in India.

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• North America is expected to account for the
  largest share of the global radiation safety
  market. This can be attributed to the increasing
  prevalence of cancer, rising adoption of nuclear
  imaging systems, government initiatives and
  increase in the number of nuclear power plants in
  the U.S., growing security concerns, and rising
  number of conferences.
• The report segments the radiation safety market
  based on product, application, and region.
• The PMTs segment is expected to account for the
  largest share of the radiation safety market, by
  product, in 2015. This is attributed to growing
  research activities to increase the applications
  of PMTs, expansion by leading players into
  emerging markets, and increasing number of
  nuclear power plants. However, the SiPMs segment
  is also expected to grow at the highest rate
  during the forecast period. This is mainly due to
  its benefits over other detectors, increasing
  research activities, and growing number of
  SiPM-related conferences and webinars. Due to
  their distinguished properties, especially their
  high quantum efficiency as compared to
  established PMTs and higher gain compared to
  APDs, they can potentially replace PMTs and APDs
  in many applications.

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