Dosimeter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Dosimeter Market is segmented by Type (Electronic Personal Dosimeter, Thermo Luminescent Dosimeter, Optically Stimulated Luminescence Dosimeters, Film Badge Dosimeter), Application (Active, Passive), End-user Industry (Healthcare, Oil & Gas, Mining, Nuclear Plants, Industrial, Manufacturing), and Geography.

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 7.68 %

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Market Overview

The Dosimeter Market was valued at USD 2686.2 million in 2020 and USD 4213.8 million by 2026. The market is further projected to grow at a CAGR of over 7.68% during the forecast period (2021 - 2026). The COVID-19 pandemic outbreak has introduced several new challenges faced by technical services in radiation protection and safety. The pandemic created economic turmoil for small, medium, and large-scale industries alike, across the world. Amidst the pandemic, hospital establishments across the world are involved in procuring several new X-ray machines and mobile X-ray units for diagnosis and treatment evaluation of COVID-19 patients, in the process of developing a fully-equipped outpatient department and isolation wards. The increased demand for procuring X-ray imaging of corona-infected patients and the radiation-induced therapies for cancer patients, within the healthcare industry has provided the required impetus for market growth.

  • Dosimeters find application across the growing demand of the medical industry as well as industrial sites where workers may be exposed to toxic and harmful gases, thereby driving the demand for the market during the forecast period.
  • The rising demand for dosimeter application for cancer treatments in the medical industry, during which patients are given very specific and targeted amounts of radiation in order to destroy cancer cells is expected to drive the demand for the market.
  • Dosimeters market is having a surging demand across the places where people deal with hazardous waste or radioactive substances, such as hospitals, nuclear power plants.
  • Increasing usage of radioactive materials across areas, such as diverse industrial processes, power production, medical research, medical imaging, and the defense sector, coupled with the heightened global threat of terrorist-operated nuclear weapons, has intensified the need for reliable equipment that offers protection from radioactive radiation, thereby driving the demand for the dosimeter market.
  • Radiation protection aims to reduce unnecessary radiation exposure with a goal to minimize the harmful effects of ionizing radiation. In the medical field, the use of ionizing radiation has become an inescapable tool used for the diagnosis and treatment of a variety of medical conditions. Whereas considering non-medical cases, hazardous environments such as space, mines, reactors etc. use cases are increasing rapidly. Amidst these drivers, the accuracy required is a restraint. The device shows factor 1.5 in either direction for doses near the limit and Factor 2.0 for lower doses and when used for neutrons a worse accuracy is expected.

Scope of the Report

Dosimeters are scientific equipment used to measure the amount of energy deposited by ionizing radiation that is used to estimate the effective dose received by the human body through exposure to external ionizing radiation. Dosimeters contain phosphor crystals that trap electrons freed by various forms of harmful radiation. These take the form of small badges or wrist bands worn on the body are used to measure the dosage of harmful radiation that their wearers have been exposed to over a given period of time. The study further analyzes the overall impact of COVID-19 on the demand-side market dynamics and the ecosystem, in a near and short-term basis. The recent changes in trade scenarios are also analyzed in the study.

Type
Electronic Personal Dosimeter (EPD)
Thermo Luminescent Dosimeter (TLD)
Optically Stimulated Luminescence Dosimeters (OSL)
Film Badge Dosimeter
Other Types
Application
Active
Passive
End-user Vertical
Healthcare
Oil and Gas
Mining
Nuclear Plants
Industrial
Manufacturing
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Industrial Sector is Gaining Traction Across the Emerging Economies

  • Companies are developing devices that can measure toxic and harmful gases and that are capable of being used as dosimeters, due to the increasing use of radioactive materials in areas, such as power production, industrial processing, medical research and processing, and the security sector, has intensified the need for equipment offering protection against radioactive radiations.
  • Technological developments in the segment have resulted in the development of more accurate detection devices, that have led to the introduction of portable, durable, and economical devices, further augmenting the growth of the market. For instance, the availability of dosimeter instruments, such as automated reader instruments, electronic radiation measuring instruments, alarm badges, and thermoluminescent dosimeters (TLD) are increasing the range of applications across emerging economies.
  • Furthermore, the growing development of nuclear energy and facilities for industrial work is expected to boost the adoption of radiation detection and monitoring equipment, thereby rising the surging demand for the dosimeter market across the emerging economies.
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Europe to Register the Largest Market Share

  • Due to the increasing prevalence of cancer in Europe, diagnostic centers have adopted the use of radiation therapies and nuclear medicines. These radiations require proper medical radiation detection, monitoring, and safety equipment to detect the exposure of radiation in the environment. This is a major factor driving the growth of dosimeters in the region
  • In a plan to invest in health service, the United Kingdom pledged an extra GBP 2.8 billion for National Health Service (NHS) by the end of 2019/20, with a GBP 350 million fund released immediately to help the health service tackle winter pressures. NHS has achieved record levels of cancer survival in the country. The new resource funding has increased the demand for radiation monitoring equipment in the country.
  • The number of cancer patients in the European nations is on the surge. For instance, according to Union for International Cancer Control, in 2019, it was found that over 50% of Spanish individuals surveyed were very concerned about developing or redeveloping cancer in their lifetime, the highest level of concern among the selected European countries.
  • According to 2020 estimates of the JRC (conducted for EU), the cancer burden is estimated to have risen to 2.7 million new cases (all types, excluding non-melanoma skin cancer) and 1.3 million deaths in 2020. These estimates reveal that cancer affects men slightly more than women, with 54% of new cases and 56% of deaths.
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Competitive Landscape

The dosimeter market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in the measurement, and assessment of the electronic component, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

  • January 2020 - An International Atomic Energy Agency (IAEA) peer review mission concluded that Japan has strengthened inspections as part of extensive efforts in recent years to improve its regulatory framework for nuclear and radiation safety.
  • September 2020 - An extensive EU-funded research project was launched to investigate the effects of chronic exposure to low doses of radon and other naturally occurring radioactive material (NORM) on humans and the environment. The EUR 22 million (USD 26 million) five-year RadoNorm project involves 56 partners from 22 European countries.

Recent Development

  • June 2020 - Legion Healthcare Partners announced its partnership with the American Association of Medical Dosimetrists to innovate and develop the Proton Beam Dosimetry Educational and Training Program. Such partnerships have become increasingly common, which indicates the mixture of education and business to advance the dosimeter market.
  • December 2020 - Mirion Technologies acquired Dosimetrics GmbH, a company dealing with the development and production of OSL personal radiation dosimeters and dosimetry solutions, including readers, erasers, software, accessories, and automation systems.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Impact of COVID-19 on the Market

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Demand for Radiation and Monitoring Devices across the Medical Sector

      2. 4.3.2 Rising Application of Radioactive Substances across the Industrial Sector

    4. 4.4 Market Challenges

      1. 4.4.1 Product Accuracy, Stringent Government Regulations, and High Costs

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Porters Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Electronic Personal Dosimeter (EPD)

      2. 5.1.2 Thermo Luminescent Dosimeter (TLD)

      3. 5.1.3 Optically Stimulated Luminescence Dosimeters (OSL)

      4. 5.1.4 Film Badge Dosimeter

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Active

      2. 5.2.2 Passive

    3. 5.3 End-user Vertical

      1. 5.3.1 Healthcare

      2. 5.3.2 Oil and Gas

      3. 5.3.3 Mining

      4. 5.3.4 Nuclear Plants

      5. 5.3.5 Industrial

      6. 5.3.6 Manufacturing

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Profiles

      1. 6.1.1 Landauer Inc.

      2. 6.1.2 Mirion Technologies Inc

      3. 6.1.3 Thermo Fisher Scientific Inc.

      4. 6.1.4 Arrow-Tech Inc.

      5. 6.1.5 Fuji Electric Co. Ltd

      6. 6.1.6 ATOMTEX

      7. 6.1.7 Tracerco Limited

      8. 6.1.8 Unfors RaySafe AB

      9. 6.1.9 Automation and Messtechnik GmbH

      10. 6.1.10 SE International Inc.

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

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Frequently Asked Questions

The Dosimeter Market market is studied from 2018 - 2026.

The Dosimeter Market is growing at a CAGR of 7.68% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Landauer Inc., Mirion Technologies Inc., Thermo Fisher Scientific, Fuji Electric Co. Ltd., ATOMTEX Foulards Srl are the major companies operating in Dosimeter Market.

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