Menu ×

HEALTHCARE & PHARMACEUTICAL

Radiometric Detectors Market Segmentation by Application (Proximity Detection, RGB Color Sensing, Gesture Recognition, Light Sensing, and UV/IR Detection); and by End User (Diagnostic Laboratories, Research Institutes, and Biotechnology and Pharmaceutical Institutes) – Global Demand Analysis & Opportunity Outlook 2031

  • Text Size:

Extensive insights into the Growth of Radiometric Detectors Market amidst COVID-19

Get the detailed impact analysis of COVID-19 that has disrupted the entire world and affected many industries.

Request Insights


IN THE NEWS

  • December 2021- Mirion Technologies, Inc. completed the acquisition of Computerized Imaging Reference Systems, Inc. (“CIRS”), which is a leading company that offers medical imaging and radiation therapy phantoms for the medical industry.

  • May 2021- Berthold announced the launch of non-contact radiometric level measurement technology for improving the efficiency during cement production.

Global Radiometric Detectors Market Highlights Over 2022 - 2031

The global radiometric detectors market is estimated to garner a large amount of revenue by growing at a significant CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the rising number of research laboratories resulting from improvements in healthcare infrastructure, and increase in penetration of the product across the globe. According to a report by the World Health Organization (WHO), the global spending on health grew continually between 2000 and 2018, and reached a value of USD 8.3 trillion, or 10% of global GDP.

Along with these, growing awareness levels regarding automated in-built sensors and user-friendly interface that can be used in radiometric detectors are also expected to drive market growth in the forthcoming years. Furthermore, escalating usage of these detectors in pharmaceutical and chemical industries is projected to offer lucrative opportunities to the market in the near future.

Radiometric Detectors Market

The market is segmented by application into proximity detection, RGB color sensing, gesture recognition, light sensing, and UV/IR detection. Out of these, the UV/IR detection segment is anticipated to hold the largest share in the global radiometric detectors market on account of the high utilization of the device for measuring electromagnetic radiations from visible light. Apart from this, radiometric detectors are also used for spectral broadband irradiance measurements within a defined spectral range, which is also predicted to drive the growth of the market segment in the future. Additionally, on the basis of end user, the biotechnology and pharmaceutical institutes segment is assessed to acquire the largest share over the forecast period owing to the largescale adoption of the device for analyzing drug pathways and protecting laboratory environments.  CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Global Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Radiometric Detectors Market Regional Synopsis

Regionally, the global radiometric detectors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Europe is estimated to witness noteworthy growth over the forecast period on the back of the high rate of adoption of radiometric detectors, and growing healthcare spending in the region. Moreover, the market in North America is expected to grab the largest share during the forecast period ascribing to the increasing number of research laboratories and diagnostic centers in the region. It is evaluated that there are more than 10,000 new imaging centers businesses in the United States in 2022. In addition, strong footprint of market players is also projected to boost the growth of the market in the region.

Radiometric Detectors Market Share

The global radiometric detectors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global radiometric detectors market includes the following segments:

By Application

  • Proximity Detection
  • RGB Color Sensing
  • Gesture Recognition
  • Light Sensing
  • UV/IR Detection

By End User

  • Diagnostic Laboratories
  • Research Institutes
  • Biotechnology and Pharmaceutical Institutes

Growth Drivers

  • Rising Number of Research Laboratories Owing to Improvements in Healthcare Infrastructure
  • Increasing Penetration of the Product

Challenges

  • Low Popularity of Radiometric Detectors

Top Featured Companies Dominating the Market

  • Gigahertz-Optik, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • PerkinElmer Inc.
  • Geomatrix Earth Science Ltd
  • Inphora Inc.
  • Sierra Olympic Technologies Inc.
  • Mirion Technologies, Inc.
  • Ludlum Measurements, Inc.
  • Gamma Scientific Inc
  • Berthold Technologies GmbH & Co.KG

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved