According to FutureWise analysis the market for Dosimetry in 2023 is US$ 2.89 billion, and is expected to reach US$ 4.96 billion by 2031 at a CAGR of 7.00%.
The increasing insistence for applications related to dosimeters for cancer related treatments, rising demand for dosimeters in industrial sites are some of the factors responsible for the proliferation of the market. Growing usage of radioactive areas in power production, medical imaging, defence sector and medical research coupled with varied industrial processes and increased threat from nuclear weapons operated by terrorist organizations has emphasized the necessity of reliable equipment that shall provide protection from radioactive rays. Such factors shall propel the dosimetry market growth.
Many key players are producing devices that can be used as dosimeters and can measure harmful and toxic gases owing to the increased usage of radioactive materials in industrial processing, power production and other sectors. Furthermore, advancements in technology in developing accurate detection devices shall boost the market growth. For example, the availability of dosimeter instruments like electronic radiation measuring instruments, automated reader instruments, thermoluminescent dosimeters and alarm badges has widened the range of applications, especially in the developing nations. Moreover, the increased development of nuclear facilities for industrial applications shall propel the growth of the market substantially.