Dosimetry Equipment Market: Precise Measurement Drives Growth in Radiation Safety

The global dosimetry equipment market is experiencing steady growth, fueled by the increasing use of radiation in healthcare, industry, and research. This press release provides a comprehensive overview of the market, analyzing trends, drivers, restraints, and growth opportunities. It also delves into key market insights, a SWOT analysis, recent strategic developments, and mergers and acquisitions.

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Market Overview and Trends

The dosimetry equipment market encompasses devices that measure the amount of ionizing radiation an individual or object is exposed to. These devices play a crucial role in ensuring radiation safety in various applications, including:

Healthcare: Radiation therapy for cancer treatment

Industry: Radiography for non-destructive testing

Research: Nuclear medicine and radiation physics experiments

According to a report by Reports and Data, the dosimetry equipment market is expected to reach USD 700 million by 2026, growing at a CAGR of 3.7 % .This growth is attributed to the rising incidence of cancer, advancements in radiation therapy techniques, and stringent regulations mandating radiation safety measures.

Drivers and Restraints

Key Drivers:

Growing demand for accurate dose monitoring in radiation therapy: As personalized medicine gains traction, the need for precise dose delivery and monitoring in radiation therapy is increasing. This is driving the adoption of advanced dosimetry equipment like electronic personal dosimeters (EPDs) and optically stimulated luminescence (OSL) detectors.

Stricter regulations on radiation safety: Regulatory bodies worldwide are implementing stricter regulations to ensure worker and patient safety in radiation-exposed environments. This necessitates the use of reliable dosimetry equipment.

Technological advancements: Advancements in sensor technology and miniaturization are leading to the development of more efficient, user-friendly, and cost-effective dosimetry devices.

Restraints:

High initial cost of advanced equipment: Advanced dosimetry equipment can be expensive, posing a challenge for budget-constrained healthcare institutions and research facilities.

Lack of awareness in developing countries: In some developing countries, awareness about the importance of radiation safety and the benefits of dosimetry equipment remains low.

Growth Opportunities

Emerging markets: Rising healthcare expenditure and increasing industrialization in developing regions like Asia Pacific present significant growth opportunities for dosimetry equipment vendors.

Integration with wireless technologies: Integrating dosimetry equipment with wireless technologies can facilitate real-time data transmission and remote monitoring, enhancing user convenience and data accessibility.

Focus on wearables: The development of wearable dosimeters for continuous monitoring offers potential in occupational health and safety applications.

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Key Market Insights

The technological advancement of dosimeter has been very slow, still using some variation of the technology from decades back. For the need of cheaper and better alternatives of the current dosimeter, recently in 2018, a team of scientists from the Purdue University, Indiana, started the development of a low-cost wearable sensor, which measures the amount of the ionizing radiation by using the metabolic response of yeast.

The sensor is a film type device fabricated on a paper substrate with yeast cells patterned between two electrodes. Exposing a (dry) sensor to high-energy ionizing radiation causes damage to the proteins and DNA of the yeast, which in turn intervenes with the metabolic processes participating in glucose fermentation once the yeast is treated with water. The impairment is detectable as a decrease in the electrical conductivity when compared with non-irradiated yeast and is proportional to the radiation dose exposure. Prof. Babak Ziaie has said that these results highlight the potential of this method for the fabrication of flexible electronics in the near future. The main challenge for such devices is large-scale manufacturing, packaging, and development of handheld readout units.

Key players in the global Dosimetry Equipment market:

Arrow Tech Inc.

Fuji Electric Co. Ltd.

LANDAUER

Panasonic Corp.

Thermo Fisher Scientific

SOEKS USA

Southern Scientific Ltd.

Polimaster Ltd.

Dosimetry Equipment Market segmented based on Type:

Thermoluminescent Dosimetry (TLD)

Optically Stimulated Luminescence (OSL)

Electronic personal dosimeter (EPD)

MOSFET dosimeter

Film badge dosimeter

Quartz fiber dosimeter (QFD)

Dosimetry Equipment Market segmented based on Application:

Healthcare

Industrial

Defense

Dosimetry Equipment Market segmented based on Region/Country:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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This release was published on openPR.