Radiation Detector Market to Generate $31.5 Bn in 2019

Says Latest report on ASDReports

According to a new report now available on ASDReports, the market for radiation detectors will grow from $25.7 billion (USD) in 2014 to $31.5 billion in revenues in 2019. The report, 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. 

About the Report:

This report follows 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 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.

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Source: ASDReports - Market Research
Date: Oct 30, 2014