Dosimetry Market on Track to Attain US$ 4.3 Billion Valuation by 2029

According to a recent Future Market Insights (FMI) report, growing dosimetry market adoption at various healthcare facilities will cause market revenues to surpass US$ 4.3 billion by 2029.

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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Key Takeaways:
•The adoption of personal electronic dosimeters for real-time monitoring is expected to gain traction, and contribute more than 60% of revenue share during the forecast period.

•Growing adoption of wearable dosimeters by hospital professionals to analyse radiation levels is expected to contribute to the significant revenue share of the segment.

•Passive dosimeters dominate the market by energy, as these are relatively cheaper than active dosimeters.

•In terms of end user, industrial and medical are expected to collectively gain more than 40% of market share during the forecast period.

•North America is the leading market, while the dosimetry market in South Asia is expected to grow at significant rate, owing to increasing healthcare infrastructure and industrialization.

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Acquisition Key Strategy Followed by Leading Manufacturers.The global Dosimetry Market is expected to reach US$ 2.7 Billion in 2022, with a CAGR of 6.8% indicating positive market growth over the forecast period.
According to Future Market Insights, the Wearable Dosimetry by Modality market is expected to reach US$ 1.8 Billion in 2022, accounting for more than half of the total dosimetry market..

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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