Increasing adoption of dosimeters at various healthcare centers would push the global Dosimetry Market revenue beyond a value of US$ 4.3 Billion by 2029, as projected by a new Future Market Insights (FMI) report.
Strict government regulations regarding radiation toxicity levels, growing awareness about the harmful effect of radiation, and rising concerns about the health of employees working in environments with radiation exposure have prompted the use of Dosimetry.
Rising adoption of radiopharmaceuticals used for diagnostic purposes can increase the radiation levels in hospitals. This has, in turn, increased the risk of radiation-related diseases among healthcare professionals. There has been a rise in the adoption of wearable dosimeters by hospitals to analyse radiation levels among their staff, which has created opportunity for the growth of the Dosimetry market.
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“Rise in the install base of internal radiation therapy machines in the past decade has necessitated the need for active dosimeters for real-time monitoring of radiation exposure of hospital staff”, says an FMI analyst.
Key Takeaways from Dosimetry Market Study
- The US is estimated to account for around 8% of the North America Dosimetry market in 2022.
- Germany is estimated to account for 9% of the Europe dosimetry market in 2022.
- The dosimetry market in China is estimated to be worth US$ 138.3 Millionin 2022.
- Dosimetry market in India captures a market share of nearly 5%in 2022 in the global market.
- By product, personal electronic dosimeters are anticipated to hold the maximum share of9%in 2022, expanding at rate of nearly 6.7% during the forecast period.
- By Modality, Wearable dosimeters will lead the market and is projected to account for 2%of the total market revenue share in 2022.
- By Energy, Active Dosimeters will lead the market and is projected to account for1%of the total market revenue share in 2022.
- By End User, Industrial segment is anticipated to hold the maximum share of 8% in 2022, expanding at rapid rate of 6.6%CAGR during the forecast period.
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Acquisition Key Strategy Followed by Leading Manufacturers
Leading manufacturers in the Dosimetry market are focusing on the acquisition strategy to enhance their product portfolio and expand their regional presence. For instance, in 2017, Fortive acquired Landauer, a leading global provider of subscription-based technical and analytical services to determine occupational and environmental radiation exposure.
In 2016, Mirion Technologies Inc. acquired Canberra Industries. Mirion’s acquisition of Canberra brings together two of the most respected and experienced industry players, and offers comprehensive and compelling solutions for the global customer base.
Major Players are:
- Honeywell
- Fisher Scientific Inc.
- Landauer, Inc. (Fortive)
- Mirion Technologies Inc.
- Fuji Electric Corporation of America
- Polimaster Inc.
- JP Laboratories Inc
- Others
Want more insights on the Dosimetry market?
A new study by Future Market Insights opines on the evolution of the Dosimetry market from 2014 to 2021, and presents demand projections for 2022 to 2029, on the basis of product (personal electronic dosimeters, self-reading dosimeters, processed dosimeters), modality (wearable and non-wearable), energy (active dosimeters and passive dosimeters), and end user (industrial, medical, oil and gas, defence, homeland security, mining, environmental, others), across seven prominent regions.
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Dosimetry Market by Category
By Product Type:
- Personal Electronic Dosimeter
- Self-reading Dosimeters
- Processed Dosimeters
By Modality:
- Wearable
- Collar level
- Chest level
- Waist level
- Wrist level
- Finger level
- Non-wearable
By Energy:
- Active Dosimeters
- Passive Dosimeters
- Optically Stimulated Luminescence Dosimeter (OSLD)
- Thermoluminescence Dosimeters (TLD)
- Radiophotoluminescence (RPL)
By End User:
- Industrial
- Medical
- Oil and Gas
- Defense, Homeland Security
- Mining
- Environmental
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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