The major factors that help in the market development are the implementation of the strict radiation safety regulations in the EU, increased investments in the nuclear power sector for capacity enhancement, and the growing need for real-time monitoring systems in the industrial and healthcare sectors. Healthcare centers and radiology units are swiftly adopting advanced digital dosimetry solutions that can ensure the accurate recording of dosage both for the doctors and patients, according to EURATOM and local regulatory standards.
To prevent the illegal trafficking of radioactive materials, Europe's emphasis on cross-border security and preparedness is leading to an increased procurement of radiation portal monitors and border surveillance systems for European countries. The ongoing advancements in wireless monitoring, cloud, connected dosimeters, AI, enabled analytical platforms, and rugged field detectors have created new possibilities for major technology providers. The top players in the Europe radiation detection, monitoring, and safety market are Thermo Fisher Scientific (US), Mirion Technologies, Inc. (US), Fortive (US), Fuji Electric (Japan), Ludlum Measurements, Inc. (US), and Arktis Radiation Detectors Ltd (Switzerland).
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The principal strategies that these companies have employed in the European radiation detection, monitoring, and safety market include product approvals and launches, acquisitions, collaborations, partnerships, and long-term supply agreements. Leading manufacturers are intensifying their efforts to release state-of-the-art digital dosimetry platforms, AI-powered radiation monitoring systems, and improved spectroscopic detectors so that they can upgrade their line of products and meet the changing regulatory requirements in Europe.
Thermo Fisher Scientific (US) has four major segments: Analytical Instruments, Specialty Diagnostics, Life Sciences Solutions, and Laboratory Products & Biopharma Services. The company's Analytical Instruments segment offers a comprehensive range of radiation detection, monitoring, and safety products and solutions. This segment consists of three primary business areas: Chromatography and Mass Spectrometry, Chemical Analysis, and Materials and Structural Analysis. Radiation detection and monitoring are part of the Chemical Analysis business, which is itself split into materials and minerals instruments, field safety instruments, and environmental and process instruments divisions. The field safety instruments division specifically offers products designed for applications in radiation safety. The company provides its products to a varied customer base, including nuclear power, environmental monitoring, industrial operations, healthcare, and security agencies. Its radiation detection and monitoring equipment are extensively utilized by government authorities at the national, regional, and local levels for screening cargo, vehicles, and individuals at borders and highly secured areas. These products also help first responders by giving them tools to handle emergency situations, ensure worker safety, and maintain radiation protection protocols in nuclear and industrial settings.
Mirion Technologies Inc. (US) is a major manufacturer of products for detecting, measuring, analyzing, and monitoring radiation worldwide and directly serves the nuclear, defense, medical, and research sectors. The company has two major business segments: Medical and Nuclear & Safety. Mirion's Medical segment offers a wide variety of radiation detection, monitoring, and safety products. Its portfolio includes dosimetry solutions, cancer diagnostics, radiotherapy quality assurance tools, nuclear medicine systems, and wearable dosimeters for measuring exposure to ionizing radiation. Besides, the company provides contamination and clearance monitors, identification and detection instruments, radiation monitoring systems, electrical penetration assemblies, and reactor instrumentation and control systems that are used in both normal operations and safety-critical scenarios.
Fortive (US) is an industrial technology corporation with a wide range of market-leading companies in its portfolio. Founded in 2016 as a spin-off from Danaher, Fortive has made significant strides in field solutions, product realization, sensing technologies, healthcare, transportation technology, and franchise distribution. The three main business units of Fortive are Advanced Healthcare Solutions, Precision Technologies, and Intelligent Operating Solutions. The company offers a wide range of radiation detection, monitoring, and safety products under its Advanced Healthcare Solutions. Its services include asset management, radiation safety monitoring, biomedical testing tools, cell therapy equipment design and manufacturing, instrument tracking, and reprocessing of instruments and devices.
Related Reports:
"Europe Radiation Detection, Monitoring, and Safety Market by Product (Personal & Area Dosimeters, Material & Full Body Monitors), Component (Gas-filled & Solid-state Detectors), Application (Safety & Security, Diagnostics & Therapy) Forecast to 2031"
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