According to a new Future Market Insights (FMI) analysis, increased adoption of dosimeters in various healthcare centres would boost the global Dosimetry Market Revenue over US$ 4.3 Billion by 2029.
Strict government rules governing radiation toxicity levels, greater understanding of radiation’s negative effects, and growing worries about the health of individuals working in radiation-exposed areas have pushed the development of Dosimetry.
The increasing use of radiopharmaceuticals for diagnostic purposes may raise radiation levels in hospitals. As a result, the risk of radiation-related disorders among healthcare personnel has increased. The usage of wearable dosimeters by hospitals to analyse radiation levels among their workers has increased, creating opportunities for the Dosimetry market to grow.
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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:
- In 2022, the United States is expected to account for approximately 90.8% of the North American Dosimetry market.
- In 2022, Germany is expected to account for 20.9% of the European dosimetry market.
- In 2022, the Chinese dosimetry market is expected to be valued US$138.3 million.
- In 2022, India’s dosimetry market will account for roughly 49.5% of the global market.
- Personal electronic dosimeters are expected to have the highest market share of 60.9% in 2022, rising at a CAGR of roughly 6.7% during the projected period.
- Wearable dosimeters will lead the market by modality, accounting for 67.2% of total market revenue share in 2022.
- By Energy, Active Dosimeters will lead the market and is projected to account for 69.1% of the total market revenue share in 2022.
- By End User, Industrial segment is anticipated to hold the maximum share of 24.8% 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
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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