The global Radiation, Detection, Monitoring & Safety Market is expected to grow significantly, from a valuation of approximately $3.132 billion in 2023 to around $5.452 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 8.3%. This growth is driven by increasing safety concerns regarding nuclear infrastructure and rigorous regulatory measures that necessitate the use of radiation detection devices in sectors such as healthcare, defense, and manufacturing. The rising application of radiation in medical treatments, especially oncology, is also contributing to market expansion, as enhanced monitoring systems are required to protect patients and healthcare workers. In addition, fears related to radiological terrorism are leading to increased investments in advanced radiation detection technologies. North America currently leads the market due to stringent regulations and a robust healthcare infrastructure. Key players in the market include Fortive, Thermo Fisher Scientific, Mirion Technologies, Fuji Electric, and AMETEK.
Wed, 14 May 2025 14:30:00 GMT | PR Newswire