Global Particle Detectors Market Size By Product (Gas Ionization Detectors, Solid-state Detectors, Scintillation Detectors), By Application (Medical and Healthcare, Nuclear Power Plants), By Geographic Scope And Forecast

Particle Detectors Market Size And Forecast

Particle Detectors Market was valued at USD 2,302.30 Million in 2020 and is projected to reach USD 3,838.53 Million by 2028, growing at a CAGR of 6.14% from 2021 to 2028.

The growing application of particle detector in the medical and pharmaceutical sector is driving market growth. Increasing number of diagnostics centers and radiotherapy centers in developing and emerging nations has contributed immensely to the growth of this market. The Global Particle Detectors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Particle Detectors Market Definition

Radiation is the natural phenomenon in which unstable particles emit excess energy in the form of particles or waves. Medium to overexposure to this radiation can cause serious health problems whereas exposure to the ionizing radiation can also be fatal. In addition, prolonged exposure to the radiation has shown potential to cause cancer in humans. To reduce exposure to such radiations, detectors are essential, as they are capable of sensing even the slightest radiation. Particle detectors popularly known as radiation detectors or sensors are the detection device used for sensing and measuring ionization of several radiations. Commercially, there are several particle detectors that can easily detect and measure x-rays, gamma rays, alpha and beta particles, electrons, neutrons, and protons. Few of them are able to quantify radiation energy and some can only count ionizing events. There are different types of detectors available that vary in the exhibition and sensing. Gaseous Ionization Detectors, Scintillator, Solid-state radiation detectors are among the commonly used particle detectors. However, personal radiation detectors (PRDs), handheld survey meters, radiation isotope identification devices (RIIDs), radiation portal monitors (RPMs) are some other particle detectors.

Global Particle Detectors Market Overview

Particle or radiation detectors are gaining huge demand as there is a higher need for detecting and measuring the radiation to minimize risk associated with it. Regulatory authorities have chalked out a few safety standards for controlling radiation. The International Atomic Energy Agency has introduced a code of conduct to maintain safety and security of radioactive particles. Higher awareness and stringent regulation imposed by the regulatory authorities for monitoring of the radioactive particles are among the prime factors favoring the market growth. U.S. Nuclear Regulatory Commission (NRC), The Food and Drug Administration, The U.S. Environmental Protection Agency and several authorities have provided Safety Guide for shielding people from mild/over-exposure to radiation.

The growing application of the particle detector in the medical and pharmaceutical sector is driving the market growth. The prevalence of several medical conditions is on rise, which promotes the adoption of several nuclear medicine and diagnostic imaging techniques. Healthcare providers, staff and patients are often exposed to higher radiation that leads to serious health issues. This has brought attention toward installing particle detectors in medical facilities, x-ray centers, tomography and others. Growing incidence of various chronic diseases has shifted the demand for efficient diagnostic equipment. Increasing number of diagnostics centers and radiotherapy centers in developing and emerging nations have contributed immensely to the growth of this market. Rise in the expenditure on the military and defense equipment to deliver high national security has pushed the demand for particle detectors higher. In addition, Technological advancement in the area of particle detectors creates opportunities for the development of the global particle detectors market. However, limitation of particle detectors in various end-use applications and lack of skilled labor workforce is restraining the growth of the global market.

Global Particle Detectors MarketSegmentation Analysis

The Global Particle Detectors Market is segmented on the basis of Product, Application, and Geography.

Particle Detectors Market, By Product

• Gas Ionization Detectors• Solid-state Detectors• Scintillation Detectors• Others

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Based on Product, the market is bifurcated into Gas Ionization Detectors, Solid-state Detectors, Scintillation Detectors, and Others. Gas ionization detectors accounted for the largest market share and are projected to grow at the highest CAGR during the forecast period. Gas ionization detectors are made up of a gas volume enclosed in a container that is sealed to allow a continuous flow of the filling gas. A Geiger counter (also known as a Geiger-Muller tube) detects and measures all forms of radiation, including alpha, beta, and gamma. It is made up of a pair of electrodes that are surrounded by a gas. A strong voltage is applied across the electrodes. Helium or Argon is the most common gas used.

Particle Detectors Market, By Application

• Medical and Healthcare• Nuclear Power Plants• Industrial Applications• Homeland Security & Defense• Others

On the basis of Application, the Global Particle Detectors Market has been segmented into Medical and Healthcare, Nuclear Power Plants, Industrial Applications, Homeland Security & Defense, and Others. Medical and Healthcare accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. Ionizing radiation is one of the potential risks to the medical professional and patients resulting in acute health effects. Prolonged exposure to ionizing radiation may lead to chronic illness such as cardiovascular disease, cancer, thyroid, and others. Thus, there exists a higher need for radiation detectors to reduce potential risks. In healthcare facilities, radiation is commonly used in detection and diagnostics devices such as X-rays, mammograms, X-ray diffraction equipment, electron microscopes, CT scans, and many others. The demand for the radiation detector in nuclear medicine imaging is growing the prevalence of cancer.

Particle Detectors Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

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On the basis of regional analysis, the Global Particle Detectors Market is classified into North America, Europe, Asia Pacific Middle East and Africa, and Latin America. North America accounted for the largest market share and is projected to grow during the forecast period. The growth is anticipated owing to the favorable government initiatives, expanding the number of nuclear power plants, increasing prevalence of cancer, and increasing awareness of radiation safety. In addition, continual testing and R&D investments by various companies for the particle detector market are expected to boost the market.

Key Players

The “Global Particle Detectors Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Thermo Fisher Scientific Inc., Leidos Holdings, Inc., Fuji Electric Co., Ltd., Hitachi High-Tech Corporation, Fortive, Mirion Technologies, ORTEC (AMETEK), Coliy Group, Ecotest, Ludlum measurements inc., Arktis Radiation Detectors Ltd, Polimaster Ltd., and S.E. International, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Thermo Fisher Scientific to Expand Clinical Research Labs’ Capacity in Virginia

• Mirion Technologies, Inc. Completes Acquisition of Computerized Imaging Reference Systems, Inc.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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