Glen Allen, VA: According to a new report from industry analyst firm NanoMarkets the market for radiation detectors will grow from $25.7 billion (USD) in 2014 to $31.5 billion in revenues in 2019. The report, “Radiation Detection Markets 2014-2021” analyzes and forecasts the potential for radiation detection equipment and continues the firm’s coverage that dates back to 2011.
The report states that gamma radiation detection devices is the biggest segment accounting for close to 40% of the market and should maintain this share throughout the forecasting period. Medical X-ray detection equipment will account for the next biggest market share (27% in 2014) but the firm expects it to decline towards the end of the forecasting period. In terms of growth rates, laboratories (especially Big Physics) are expected to record the highest growth rates followed by the nuclear power sector.
The report notes that firms to watch include, Berkeley Nucleonics Corporation, Canberra, Carestream Health, Fuji Electric, GE Healthcare, Hologic, Kromek, Ludlam Measurements, Philips Healthcare, Saphymo and Siemens Global.
Details of the report, including a table of contents are available at http://ntechresearch.com/market_reports/radiation-detection-markets-2014-2021
About the Report:
Radiation Detection Markets 2014-2021 (Nano-725)
This report follows on from NanoMarkets’ successful reports on radiation detection equipment and radiation detection materials in 2013. It identifies the new opportunities that continue to emerge from the sales of equipment designed to detect ionization radiation.
In this report, we explore the revenue potential for radiation detection over the next eight years in three diverse market sectors: industrial and laboratory, security and medical. The report also includes eight-year (volume and value) forecasts for key sensors used in radiation detection applications, such as medical gamma cameras, RIIDS, portal monitors, PET detectors, oil exploration and scientific sensors, etc. As in NanoMarkets previous reports in this space, all demand forecasts in this report are segmented by device type and world region. In addition, this report analyzes the products and marketing strategies of the leading suppliers of radiation detection equipment in the markets covered.
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts in radiation detection and materials spaces which it has been covering since 2011.
Visit https://www.ntechresearch.com for a full listing of NanoMarkets’ reports and other services.