Demand from healthcare facilities to boost the radiation equipment market growth

Technavio has been monitoring the radiation detection and monitoring equipment market and it is poised to grow by $ 558.94 mn during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. AMETEK Inc., Constructions Industrielles de la Mediterranee, Fortive Corp., Fuji Electric Co. Ltd., Honeywell International Inc., Ludlum Measurements Inc., Mirion Technologies Inc., OSI Systems Inc., Polimaster LLC, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand from healthcare facilities has been instrumental in driving the growth of the market. However, the high cost of equipment might hamper market growth.

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Radiation Detection and Monitoring Equipment Market 2020-2024: Segmentation

Radiation Detection and Monitoring Equipment Market is segmented as below:

• Product
  • Dosimeters
  • Area Monitors
  • Survey Meters
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

Radiation Detection and Monitoring Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The radiation detection and monitoring equipment market report covers the following areas:

• Radiation Detection and Monitoring Equipment Market Size
• Radiation Detection and Monitoring Equipment Market Trends
• Radiation Detection and Monitoring Equipment Market Industry Analysis

This study identifies service contracts for equipment as one of the prime reasons driving the radiation detection and monitoring equipment market growth during the next few years.

Radiation Detection and Monitoring Equipment Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist radiation detection and monitoring equipment market growth during the next five years
• Estimation of the radiation detection and monitoring equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the radiation detection and monitoring equipment market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of radiation detection and monitoring equipment market vendors. BusinessWire