PUNE, India, March 29, 2016 /PRNewswire/ --
According to a new market research report "Radiation Monitoring and Safety Market by Product (Photomultiplier Tube, Silicon Photomultiplier, Avalanche Photodiode), & by Application (Healthcare, Biotechnology, Homeland Security, Automotive, Academic Research) - Analysis & Global Forecast to 2020", published by MarketsandMarkets, studies the global Radiation Monitoring and Safety Market for the forecast period of 2015 to 2020. This market is expected to reach USD 652.8 Million in 2020 from USD 512.1 Million in 2015, growing at a CAGR of 5.0%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 72 market data Tables and 44 Figures spread through 157 Pages and in-depth TOC on "Radiation Monitoring and Safety Market"
http://www.marketsandmarkets.com/Market-Reports/radiation-protection-market-987.html
Early buyers will receive 10% customization on this report.
The global Radiation Monitoring and Safety Market are segmented on the basis of product, application, and region.
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 above mentioned product segments.
By product, the Radiation Monitoring and Safety Market is categorized into photomultiplier tubes, silicon photomultipliers, and others (PIN and avalanche photodiodes (APD)). The photomultiplier tubes segment is estimated to account for the largest share of the global Radiation Monitoring and Safety Market, by product. This is attributed to factors such as growing research activities to increase the application horizon of PMTs, expansions by leading players into emerging markets, and increasing number of nuclear power plants. However, the silicon photomultiplier tubes segment is 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.
On the basis of application, the Radiation Monitoring and Safety Market is segmented into healthcare, homeland security & defense, biotechnology, academic research & high-energy physics, automotive, and other applications (nuclear power plants, oil well logging, space studies, and communication). In 2015, the healthcare segment is expected to command the largest share of the global Radiation Monitoring and Safety Market, by application. This segment is also projected to grow at the highest CAGR from 2015-2020. Increasing incidence of cancer, growing uptake of radiation protection in medical facilities, and rising research activities are expected to augment the demand for PMTs, SiPMs, and APDs in the healthcare industry in the coming years.
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is poised to account for the largest share of the Radiation Monitoring and Safety Market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period. Factors such as high spending on homeland security in Asia, the Japanese government's decision to reverse its nuclear power phase-out, high expected growth in China's 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 are expected to propel the growth of the Radiation Monitoring and Safety Market in the Asia-Pacific region.
Talk To Our Research Expert: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=987
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 are expected to drive the growth of the global Radiation Monitoring and Safety Market in the coming years.
Hamamatsu Photonics K.K. (Japan), SensL Technologies (Ireland), KETEK GmbH (Germany), AdvanSiD (Italy), Excelitas Technologies Corporation (U.S.), First Sensor AG (Germany), Hainan Zhanchuang Photonics Technology Co., Ltd. (China), Ludlum Measurements, Inc. (U.S.), Philips Healthcare (Netherlands), and Radiation Monitoring Devices, Inc. (RMD) (U.S.) are some of the key players in the Radiation Monitoring and Safety Market worldwide.
Browse Related Reports:
Medical Radiation Detection, Monitoring & Safety Market by Detection Type (Gas-filled, Geiger Muller, Dosimeters, Solid-state Detectors), Products (Personal Dosimeters, OSL, Badges), Safety (Apron, Shields, Face Mask, Gloves), End User - Forecasts to 2020.
http://www.marketsandmarkets.com/Market-Reports/medical-radiation-protection-market-1200.html
Radiation Detection Monitoring & Safety Market for Nuclear Power Plants, Homeland Security & Defense, Manufacturing Industry (Geiger counter, Scintillator, Dosimeter, Area Process, Survey Meter, Portal Monitors) - Trends & Global Forecasts to 2020.
http://www.marketsandmarkets.com/Market-Reports/radiation-protection-market-987.html
About MarketsandMarkets:
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Unit No. 802, 8th Floor,
Tower - 7, Magarpatta City SEZ,
Hadapsar, Pune - 411013,
Maharashtra, India.
Tel: +1-888-6006-441.
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article