HOME Research Insight Key Players in the Medical Radiation Detection, Monitoring, and Safety Market Focus on Product Launches, Expansions, Acquisitions, and Partnerships



Key Players in the Medical Radiation Detection, Monitoring, and Safety Market Focus on Product Launches, Expansions, Acquisitions, and Partnerships


The medical radiation detection, monitoring, and safety market is expected to reach USD 1,215.4 Million by 2021 from USD 887.0 Million in 2016, at a CAGR of 6.5%. Increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, growing incidence of cancer, increasing safety awareness among people working in radiation-prone environments, growing healthcare industry worldwide, and rising insurance coverage has led to the wide application of medical radiation detection, monitoring, and safety products, thus driving their market growth.

The medical radiation detection, monitoring, and safety market is highly fragmented in nature due to the presence of a few large players. The key players in the detectors market are Atomtex SPE (Republic of Belarus), Ludlum Measurements, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), LND, Inc. (U.S.)., Thermo Fisher Scientific, Inc. (U.S.), Landauer, Inc. (U.S.), IBA Dosimetry GmbH (Germany), Biodex Medical Systems (U.S.), Fluke Biomedical (U.S.), Arrow-Tech (U.S.), Radiation Detection Company (U.S.), Laurus Systems, Inc. (U.S.), Centronic, Ltd. (U.K.), LND, Inc. (U.S.), GE Measurement and Control (U.K.), Saint-Gobain Ceramics & Plastics, Inc. (U.S.), Hitachi Metals America, Ltd. (U.S.), Siemens Aktiengesellschaft (Germany), Eljen Technology (U.S.), Eksma Optics (Lithuania), Laser Components (Germany), and Gentec Electro-Optics (U.S.).

Landauer, Inc. (U.S.) dominated the global medical radiation detection, monitoring, and safety market in 2015. The company is a provider of technical and analytical services that determine the exposure of environmental and occupational radiation hazards on personnel. The company derives a majority of its revenue from the North American market. It focuses on providing sophisticated products to assure improved patient radiation monitoring as well as broaden its product offerings in the market.

Mirion Technologies, Inc. (U.S.) accounted for the second-largest share of the global medical radiation detection, monitoring, and safety market in 2015. Mirion provides radiation detection, measurement, analysis, and monitoring products and services to the nuclear power, medical, military, and homeland security markets. The company has 13 production facilities in France, Germany, the U.K., Finland, China, Canada, and the U.S. To further strengthen its position and increase its share in the market, the company pursues inorganic growth strategies such as acquisitions. In July 2016, Mirion Technologies acquired Canberra Industries, Inc. (U.S.), a producer of radiation monitoring systems and analysis instrumentation. The acquisition combined the strengths of both the companies, creating a premier supplier of radiation safety solutions for the nuclear, defense, and medical industries.

The key strategies followed by most companies in the medical radiation detection, monitoring, and safety market are new product and service launches. This strategy accounted for the largest share of the overall growth strategies mapped from 2014 to 2016. Some of the leading players that adopted this strategy include IBA Worldwide (Belgium), Sun Nuclear Corporation (U.S.), PTW Freiburg GmbH (Germany), Biodex Medical Systems, Inc. (U.S.), and Unfors RaySafe AB (Sweden), among others.

Besides, there are developments by industry leaders like acquisitions; expansions; partnerships; and others like ownership transfer, certification, and system upgrade to strengthen their market presence.

Related Reports:

Medical Radiation Detection, Monitoring & Safety Market by Detection Type (Gas-Filled Detectors, Geiger Muller, Survey Meter, Solid-State), Products (Personal Dosimeters, OSL, Badges), Safety (Apron, Shields, Face Mask, Gloves), End User - Forecast to 2021

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