The Infinium Global Research analyzes the Radiation Dosimeters Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global radiation dosimeters market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of radiation dosimeters. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the radiation dosimeters market during the period. The global radiation dosimeters market is projected to grow at a CAGR of 5% over the forecast period of 2020-2026.
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A radiation dosimeter is an instrument used to measure exposure to ionizing radiation and helps to detect high-energy beta, gamma, or x-ray radiation. The radiation dosimeters market is majorly driven by increasing demand from the application industries such as healthcare, aerospace, and nuclear power. The professionals working in these industries are normally exposed to harmful radiations such as x-rays and gamma rays. Thus, to measure the levels of harmful radiations in the facilities, these industries use dosimeters. Moreover, the rising prevalence of cancer is escalating the demand for the radiation therapy, which in turn, boosts the growth of dosimeter market.
The worldwide spread of the coronavirus (COVID-19) is materially affecting the environment in which the communities and healthcare providers operate. The production of radiation dosimeters has declined rapidly over the period of pandemic. Disruption of supply chain and shortage of labor are majorly hampering the production of radiation dosimeters. Moreover, the demand for dosimeters has dropped from the end-users during the pandemic. The aerospace and nuclear power industry are working on reduced capacities. On the other hand, the healthcare industry is focusing more on tacking the COVID-19 crisis, pausing other functions. This, in turn, is expected to hamper the market over short term.
Medical Sector to Offer the Wide Range of Applications for Radiation Dosimeters
Radiation technology is useful for a variety of commercial applications in industries such as healthcare (medical), nuclear, and aerospace among others. Radiation dosimeters are routinely used in occupational radiation environments in the nuclear industry and at medical facilities such as physical labs and radiation centers. A radiation dosimeter detects and measures high-energy beta, gamma, or x-ray radiation that a person has been exposed to and help to avoid over exposure to the harmful radiations. Further, a radiation dosimeter is important for worker protection and to detect the potentially hazardous effects of radiation. Additionally, recent evaluations of this technology have demonstrated that the range, accuracy, and reliability of this technique are far superior to the traditional technologies.
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North America to be the Dominant Region in Radiation Dosimeters Market
Geographically, North America generated the largest revenue in the radiation dosimeters market in 2019 and is expected to continue its dominance over the forecast years. Factors such as increasing demand from highly established medical industries and the rising number of cancer patients is anticipated to drive the market growth. However, the Asia Pacific region is anticipated to witness significant growth over the forecast period owing to improved healthcare policy and increasing healthcare awareness among the population.
Companies Operating in the Radiation Dosimeters Market Focusing on Product Advancement for Effective Results
The radiation dosimeters market is moderately competitive and fragmented with the presence of several multinational and regional players. The major players Landauer, Inc., Mirion Technologies, Inc, Ludlum Measurements, Inc, Thermo Fisher Scientific and Radiation Detection Company, Inc., are continuously focusing on technological development and facilitate other organic and inorganic strategies to gain a competitive edge in the market.
For instance, in March 2019, Thermo Fisher launched its new dosimetry monitoring service. The new service enables medical and imaging facilities, dental offices, veterinary clinics, nuclear power plants, laboratories and other facilities with radiation safety requirements to streamline management of their safety programs. Moreover, key players are using the complementary metal-oxide-semiconductor (CMOS) to convert X-rays to detectable signals which offer effective X-ray detection application. Further, these manufacturers are focusing on having a strategic collaboration to gain competitive market share.
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