GLOBAL RADIATION DOSIMETER MARKET SIZE (2023 – 2030)

The Global Radiation Dosimeter Market was projected to be $2.67 billion in 2023, and by 2030 it is anticipated to be worth $4.76 billion. The market is estimated to expand at a CAGR of 7.5% between 2023 and 2030.

Market Overview

The quantity of radiation exposure a person may have got is measured using radiation dosimeters. These tools are crucial for people who are exposed to ionizing radiation in a variety of fields, including nuclear power, the healthcare industry, and industrial environments. The dosimeters can accurately quantify the dosage received by tracking radiation exposure over time, usually a day or a week.

The increasing usage of ionizing radiation in a variety of sectors, the growing emphasis on radiation safety, and the rising demand for radiation dosimetry services are just a few of the reasons driving the estimated steady growth of the worldwide radiation dosimeter market in the years to come. Nuclear power plants, hospitals, and industrial production facilities are just a few sectors that often employ these devices.

Radiation Dosimeter Market Drivers

Increasing safety regulations and guidelines boost the market growth

The growing number of safety laws and standards that are being enforced by governments and regulatory agencies is one of the major factors driving the radiation dosimeter industry. To protect personnel and avoid radiation-related mishaps, radiation dosimeter use is required in sectors including nuclear power, healthcare, and aerospace.

The U.S. Nuclear Regulatory Commission (NRC), for instance, mandates that all employees in the nuclear business wear radiation dosimeters to track their radiation exposure. To safeguard medical staff from radiation exposure, the International Atomic Energy Agency (IAEA) has published recommendations for the use of radiation dosimeters in healthcare institutions. The market is expanding as a result of the rising demand for radiation dosimeters caused by these rules and recommendations in a number of different sectors.

Increasing awareness about the harmful effects of radiation exposure drives the growth of the market

The rising awareness of the negative consequences of radiation exposure is another important factor driving the radiation dosimeter industry. High radiation exposure can lead to radiation sickness, cancer, and other health issues. Radiation dosimeter demand has increased as a result of growing public and occupational awareness of these concerns. These tools aid in the monitoring and management of radiation exposure, which can aid in the prevention of health issues.

Radiation Dosimeter Market Challenges

High initial investment costs impede the growth of the market

The initial cost of purchasing radiation dosimeters and other radiation monitoring equipment can be high. This can be a barrier for smaller organizations or those with limited budgets to invest in radiation safety measures. Furthermore, there are ongoing costs associated with the calibration and maintenance of radiation dosimeters, which can add to the overall cost of ownership.

The availability of alternative technologies restrains the market growth

Electronic personal dosimeters (EPDs) and area radiation monitors are examples of alternative technologies that may be used to quantify radiation exposure. Compared to conventional radiation dosimeters, these gadgets are frequently more affordable and simpler to use. As a result, some organisations may choose these alternative technologies over conventional radiation dosimeters, which may have an impact on the demand for radiation dosimeters.

Impact of COVID-19 on the Radiation Dosimeter Market

The COVID-19 pandemic has had a mixed impact on the radiation dosimeter market. On the one hand, the requirement to shield medical staff from radiation exposure during diagnostic and therapeutic operations has boosted the need for radiation dosimeters in healthcare institutions. On the other side, because of the pandemic's disruption of supply chains, there is a scarcity of the raw materials and parts needed to make radiation dosimeters. Also, the pandemic has caused a number of industrial projects to be delayed or abandoned, which has had an impact on the need for radiation dosimeters in industries including nuclear power and aircraft. Overall, the impact of COVID-19 on the radiation dosimeter market has been both positive and negative, and the industry is likely to recover as the pandemic situation improves.

GLOBAL RADIATION DOSIMETER  MARKET REPORT COVERAGE:

Radiation Dosimeter Market Segmentation

Radiation Dosimeter Market Segmentation – By Type

• Passive Dosimeter

• Active Dosimeter

Due to the rising need for real-time monitoring in hazardous work situations, the market for active dosimeters is anticipated to expand more quickly. Real-time radiation exposure monitoring is offered by active dosimeters. These dosimeters have radiation detection sensors that provide the wearer with rapid feedback. They are frequently employed in fields like nuclear power plants and research centres where employees are subjected to high radiation levels. In fields including nuclear energy, healthcare, and aerospace, passive dosimeters are often employed.

Radiation Dosimeter Market Segmentation – By Technology

• Thermoluminescent Dosimetry (TLD)

• Optically Stimulated Luminescence

• Electronic Personal Dosimeters

• Metal Oxide Semiconductor Field-Effect Transistor (MOSFET)

The radiation dosimeter market is predicted to witness the largest growth in the thermoluminescent dosimeters (TLD) category, based on current market trends and analysis. Passive dosimeters frequently employ the TLD technology, which is chosen for its great accuracy, stability, and affordability. Active dosimeters frequently employ the OSL technology, which is favoured because it can give real-time radiation exposure monitoring. To gauge how much ionising radiation a substance has received, EPD dosimeters employ semiconductor materials like silicon. Active dosimeters frequently employ the MOSFET technology, which is popular because it can give real-time radiation exposure monitoring.

Radiation Dosimeter Market Segmentation – By End-User

• Nuclear Power

• Healthcare

• Aerospace and Defense

The nuclear power industry anticipates a rise in demand for radiation dosimeters as more nuclear power plants are constructed globally and worker safety becomes a bigger priority. Radiation dosimeters are often used in the nuclear power sector. Workers who are involved in different nuclear power generation phases, such as fuel manufacture and waste management, are monitored for radiation exposure using these dosimeters. In the healthcare sector, radiation dosimeters are used to track radiation exposure in patients and medical staff during diagnostic and therapeutic procedures such as X-rays, CT scans, and radiation treatment. Radiation dosimeters are another tool used by the aerospace and defence industries to track worker radiation exposure from jobs like building nuclear weapons and exploring space.

Radiation Dosimeter Market Segmentation – By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

The radiation dosimeter market is predicted to develop at the fastest rate in the Asia Pacific region based on current industry trends and analysis. China and India, two of the nations with the fastest expanding economies in the world and key users of radiation dosimeters, are located in the Asia Pacific area. The need for radiation dosimeters is being driven by considerable expenditures being made in nuclear energy, healthcare, and research in the region. A well-established healthcare sector and strict radiation safety standards are likely to contribute to the radiation dosimeter market's predicted stable rise in North America and Europe. The Rest of the World region radiation dosimeter market is likely to grow due to the increasing investments in nuclear power and healthcare, along with the growing demand for safety and regulatory compliance.

Key Players

Here are some of the key players in the radiation dosimeter market:

1. Mirion Technologies, Inc.

2. Landauer, Inc.

3. Thermo Fisher Scientific Inc.

4. Fuji Electric Co., Ltd.

5. Radiation Detection Company, Inc.

6. Ludlum Measurements, Inc.

7. Ametek, Inc.

8. Polimaster Ltd.

9. Centronic Limited

10. Atomtex SPE

These companies offer a wide range of radiation dosimeters and related products, including personal dosimeters, environmental dosimeters, and area monitors. They also provide services such as calibration and maintenance to ensure the accuracy and reliability of their products. These key players are constantly investing in research and development to introduce innovative products and expand their product portfolios. They also undertake various strategies such as partnerships, collaborations, and acquisitions to strengthen their market position and increase their global presence.