(PRWEB UK) 14 February 2013
According to the new report Radiation Detection, Monitoring & Safety Market, the global radiation protection (detection, monitoring, and safety) market was valued at $920.0 million in 2012, and is expected to reach $1,231.2 million by 2017 at a CAGR of 6.0% from 2012 to 2017.
The medical industry was the largest segment in this market; it is poised to grow at a CAGR of 6.0% to reach $702.4 million by 2017. The global radiation protection market for medical applications will witness challenging and dynamic market conditions over the years to come, primarily driven by technological advancements and globalisation.
The high procedural volume of nuclear medicine and radiation therapy in the treatment and diagnosis of diseases is the key factor driving the growth of the radiation protection market for medical applications. In addition, increasing incidence of cancer cases, growing awareness among radiation professionals, and technological advancements are fueling the growth of this market.The market for certain radiation detection and monitoring devices, such as ionisation chambers, has grown due to the evolution of portable hand-held ionisation detectors in recent years.
Factors hindering the growth of this market are lack of proper standardisation and calibration for radiation protection devices, dearth of adequate skills and training among radiation professionals, and scarcity of raw materials to manufacture radiation safety accessories.
View the report: Radiation Detection, Monitoring & Safety Market
(Geiger Counter, Ionization Chamber, Scintillator, Terahertz detector, Dosimeter, Environment Monitor, Shield, Lead Apron, Eyewear & Glove)