According to the latest edition of the dosimetry market report by Future Market Insights (FMI), the global dosimetry market is projected to be valued at approximately USD 3,144.10 million in 2024. The market is anticipated to experience significant growth, reaching an estimated USD 4,882.60 million by 2034, with a steady Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period.
The growth in the dosimetry market is being fueled by the increasing prevalence of chronic conditions such as cardiovascular diseases (CVD), cancer, and neurology-related disorders. These conditions are driving the demand for precise dosimetry solutions, which are crucial for monitoring and managing radiation exposure in medical treatments and research.
Key players in the dosimetry market are focusing on enhancing their product offerings and improving service delivery to capture a larger share of this growing market. Technological advancements and the development of more efficient and accurate dosimeters are driving market expansion.
Key Takeaways:
- Market Valuation: The global dosimetry market was valued at US$3,144.10 million in 2024, with a projected growth to US$4,882.60 million by 2034, reflecting an average growth rate of 4.5%.
- Rising Disease Prevalence: Increasing incidences of cardiovascular diseases, cancer, and neurology-related disorders are driving the demand for dosimeters, emphasizing the importance of radiation safety and monitoring in healthcare and other industries.
- Market Expansion: The dosimetry market continues to expand as players enhance their product offerings and elevate service delivery to cater to the growing demand for radiation safety solutions in diverse sectors.
- Innovation and Product Enhancement: Industry players are focusing on innovation and product enhancement to gain a greater share in the growing dosimetry market, offering advanced dosimeters with improved features and capabilities.
- Role in Radiation Safety: Dosimeters play a critical role in radiation safety by providing real-time monitoring and actionable insights to mitigate health risks associated with radiation exposure, ensuring occupational safety and regulatory compliance.
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.
A Old Full Report Analysis Click Here
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 (FMI)
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