Dublin, Ireland (PRWEB) March 13, 2013
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 various industries covered in this report are healthcare, manufacturing, defense, nuclear power plants, homeland security, and others (waste management, mining, agriculture, and food irradiation).
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 globalization.
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 ionization chambers, has grown due to the evolution of portable hand-held ionization detectors in recent years.
Factors hindering the growth of this market are lack of proper standardization 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.
Companies mentioned in the report include Aadco Medical Inc., Amray Medical, Bar-Ray Products, Inc., Biodex Medical Systems, Inc., Burlington Medical Supplies Inc., Centronic Limited, Comecer S.P.A , Infab Corporation, Landauer Inc., Ludlum Measurements, Inc., Mirion Technologies, Inc., Protech Radiation Safety., Protecx, Radiation Detection Company Inc., Radtrac , Thermo Fisher Scientific Inc. and Unfors Raysafe Ab.
For more information visit http://www.researchandmarkets.com/research/fh7j7b/radiation
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Sector: Computing and Technology