Israel will invest in radiation detection

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6318552114_80ac8b6146_mIsrael is going to invest in improving its means of detecting radiation that can be harmful to the population. Radiation protection is the science of protecting the human population and environment from the harmful effects of ionizing radiation, such as electromagnetic and particulate radiations.

According to a research performed by the MarketsandMarkets research company, the global radiation protection market, on the basis of industry, is classified into five segments, namely, medical, manufacturing, defense, nuclear power plants, and homeland security. It is poised to grow at a Compound Annual Growth Rate (CAGR) of 6.0% to reach $1,231 million in 2017. Radiation protection for medical applications holds the largest share – 60% – of the global radiation protection market.

The radiation protection industry has witnessed a myriad of technological advancements over the past two decades. It is expected that this trend will continue in the future in a bid to solve present challenges and fill unmet needs of the market. Manufacturers have now been focusing on the development of technologically advanced radiation protection devices and accessories such as hand-held radiation detectors, lead-free aprons and gloves, and software applications that are able to provide better protection from exposure to harmful radiations.

Increasing use of radiation therapy and nuclear medicine in the treatment and diagnosis of diseases, rising incidences of cancer, growing awareness among radiation professionals, and technological advancements are the major drivers propelling the growth of this market. However, a few pivotal factors hindering growth are lack of proper standardization and calibration protocols for radiation protection devices, dearth of adequate skills and training among radiation professionals, and scarcity of raw materials to manufacture radiation safety accessories.

The key players in the medical protection market are Landauer Inc. (U.S.), Mirion Technologies Inc. (U.S.), Radiation Detection Company (U.S.), Thermo Fisher Scientific Inc. (U.S.), AmRay Medical (Ireland), Bar-Ray Products Inc. (U.S.), Biodex Medical Systems Inc. (U.S.), Protech Radiation Safety (U.S.), ProtecX (U.K.) and UnforsRaySafe AB (Sweden).

Illustration Pictures with courtesy of IDF’s spokesman unit