The global radiation detection, monitoring, and safety market is projected to grow from USD 1.8 billion in 2025 to approximately USD 3.44 billion by 2034, with a CAGR of 7.44% during this period. North America held a significant market share in 2024, driven by stringent environmental regulations and high demand in healthcare and industrial sectors. The U.S. market alone is expected to reach around USD 1.31 billion by 2034. In the Asia Pacific region, rapid industrialization and nuclear power expansion are anticipated to drive growth, particularly in China and India, where healthcare investments are increasing. Europe is also set to grow due to its emphasis on nuclear safety and regulatory standards. The integration of AI and IoT technologies is enhancing the capabilities of radiation monitoring devices, allowing for real-time data analysis and improved safety measures. However, the high cost of detection equipment remains a barrier for smaller organizations. The personal dosimeters segment dominated the market in 2024, with gas-filled detectors also showing strong demand due to their wide applications. The hospitals segment led revenue generation owing to the high usage of radiation-based imaging and therapy.
Mon, 16 Jun 2025 13:42:02 GMT | Precedence Research