Technavio’s market research analyst predicts that the global dosimetry equipment market will grow at a CAGR of nearly 6% during the forecast period. The rising health and safety concerns among workers in radiation-prone areas is one of the primary drivers for market growth. The awareness about the health hazards of radiation is rising among the workers employed in radiation-prone areas such as nuclear power plants and radiation therapy centers. The increasing access to the Internet has led to the rise in awareness about the ill effects of radiation exposure and the workers are now well-informed about the safety standards. Companies are concentrating on training the employees about the radiation hazards and the safety measures to be taken while exposed to radiation prone areas. This will increase the awareness of the workers and will consequently drive the demand for dosimetry equipment such as ring dosimeters, subsequently fueling market growth.
In terms of geography, North America dominated the dosimetry equipment market during 2016 and the region will continue its market dominance over the next four years as well. The increased demand for the dosimetry equipment in the healthcare sector will be one of the major factors fueling the growth of the market in this region.
Competitive analysis and key vendors
The dosimetry equipment market is intensely competitive and consists of several well-established vendors providing similar products. The market players are working on capturing the market by acquiring companies with expertise in providing services to specific sectors such as medical or nuclear power. The vendor competition in the market is based on new product launches, additional features such as mobile integration, and providing dosimetry services for industrial applications such as defense, healthcare, nuclear power, academia, and research.
Key vendors in the market are:
Thermo Fisher Scientific
Other prominent vendors include Hitachi, Ludlum Measurements, Mirion Technologies, and Polimaster.
Segmentation by application and analysis of the dosimetry equipment market
During 2016, the healthcare segment dominated the dosimetry equipment market and is expected to continue its dominance over the next four years. The rising use of radiation therapy for cancer treatment, medical imaging, and radiation sterilization of health care products, will drive the segment’s growth prospects in this global market.
Segmentation by product- type and analysis of the dosimetry equipment market
Thermoluminescent dosimetry (TLD)
Optically stimulated luminescence (OSL)
This market study estimates that the TLD segment accounted for the majority of shares of the dosimetry equipment market during 2016. The market is foreseen to continue its dominance during the forecast period as well and this is mainly due to its capacity to measure the dose as low as 1 rem compared to other types of dosimetry equipment.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global dosimetry equipment market?
What are the key market trends impacting the growth of the global dosimetry equipment market?
What are the challenges to market growth?
Who are the key vendors in the global dosimetry equipment market?
What are the market opportunities and threats faced by the vendors in the global dosimetry equipment market?
Trending factors influencing the market shares of the APAC, EMEA, and North America.
What are the key outcomes of the five forces analysis of the global dosimetry equipment market?
Technavio also offers customization on reports based on specific client requirement.
Dosimetry equipment products are sophisticated devices that monitor the dose of ionizing radiation. When the acceptable dose rate limit exceeds, they raise the alarm. A personal dosimeter is a device that keeps track of changes of radiation and gives the dose taken by the user over a period. This upcoming report is an integral part of the hardware and semiconductor industry and offers an in-depth overview of upcoming sectors like computing devices and embedded systems. Technavio also offers information on various parameters including the shifts in customer preferences and the various factors that will drive and challenge the growth of the vendors in the industry’s marketspace. Additionally, to help clients gain a competitive edge over other market players, Technavio’s reports also provide detailed information on all the suppliers in the computing devices industry.
To accurately forecast the hardware and semiconductor industry’s growth prospects, our market research specialists follow a triangulated approach of primary and secondary research techniques and also make an in-depth analysis of the various factors, including advancements in technology and the demand for different products and services across various geographical regions. To help clients frame new strategies for growth, our upcoming industry research report on the global dosimetry equipment market for the forecast period of 2017 to 2021 offers executable insights devised from the statistics collected from sources such as manufacturers, channel partners, regulatory bodies, and decision makers.
This upcoming report on the global dosimetry equipment market also considers the growth of resembling markets such as radiography and signal jammer, which are expected to grow at a CAGR of almost 2% and about 5%, respectively by 2021. According to our market research analysts, an increased need for the development of miniaturized and portable devices will be one of the significant factors driving the computing devices market’s growth in the coming years. Based on client’s requirements, Technavio also provides customized reports, which will help vendors and global players targeting niche customer segments establish their presence in the computing devices market.
The upcoming industry research report for the global dosimetry equipment market also identifies the key drivers, emerging trends, and the tests currently faced by the hardware and semiconductor industry and also presents insights into displays, human machine interface, semiconductor equipment, and sensors.