Lucintel's latest market report analyzed that radiation detection system provides attractive opportunities in the medical and healthcare, industrial, homeland security and defense, and energy and power industries. The radiation detection system market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, detection and monitoring is the largest segment by product, whereas medical and healthcare is largest by end use industry. Emergence of molecular imaging and introduction of new radiopharmaceuticals with advanced technologies provides strategic growth path in this market.
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Based on product, the radiation detection system market is segmented into detection and monitoring and safety. The detection and monitoring segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the extensive demand for detection and monitoring devices in the healthcare, homeland security and defense, and energy and power industries.
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The Radiation Detection System Market is marked by the presence of several big and small players. Some of the prominent players offering radiation detection system include Thermo Fisher Scientific, Fortive, Mirion Technologies, Alpha Spectra, Ludlum Measurements, IBA Worldwide, and AliMed.
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