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Radiation Dose Management Market size is projected to reach $586.7 Million by 2032, Industry CAGR 10.30%

Submitted by tanzeelbis on Tue, 04/11/2023 - 23:33

While radiation exposure from medical imaging has witnessed a declining trend in the past few years owing to technological advancements such as the incorporation of dose-lowering technologies in imaging systems, the concern regarding the harmful and biological effects of radiation exposure is still prevalent.

Radiation Dose Management Market was valued at $212.8 million in 2021 and is anticipated to reach $586.7 million by 2032, witnessing a CAGR of 10.30% during the forecast period 2022-2032. The growth in the global radiation dose management market is expected to be driven by the rising prevalence of chronic disorders requiring diagnostic intervention, the growing focus on interventional radiology (IR), and the growing awareness surrounding patient safety and the harmful and biological effects of overexposure to ionizing radiation.

Market Segmentation:

Segmentation 1: by Modality

CT Scanners
X-Ray, CR, and DR
Mammography Systems
Interventional Angiography Systems/Angio CT
Fluoroscopy Systems
PET Scanners and SPECT
Hybrid Imaging
The global radiation dose management market (by modality) was dominated by the CT scanners segment in 2021, and the trend is expected to continue till the end of the forecast period 2022-2032.

Segmentation 2: by Product

Radimetrics Enterprise Platform
DoseWatch and DoseWatch Explore
teamplay Dose
NEXO [DOSE]
tqm/Dose and DoseMonitor
Radiation Dose Monitor
Imalogix Platform
Syncro-Dose
NovaDose
DoseWise Portal
SafeCT
MyXrayDose
DoseM
Dose Tracking System
DoseTrack
The global radiation dose management market (by product) is dominated by the Radimetrics Enterprise Platform, followed by DoseWatch.

Segmentation 3: by Mode of Deployment

Web-Based
On-Premise
Cloud-Based
The global radiation dose management market (by mode of deployment) is dominated by the web-based segment.

Segmentation 4: by End User

Hospitals
Diagnostic Centers
Others
The global radiation dose management market (by end user) is dominated by the hospitals segment.

Segmentation 5: by Region

North America - U.S. and Canada
Europe - Germany, France, U.K., Italy, Spain, Netherlands, and Rest-of-Europe
Asia-Pacific - Japan, China, India, Australia and New Zealand, South Korea, and Rest-of-Asia-Pacific
Latin America - Brazil, Mexico, and Rest-of-Latin America
Middle East and Africa
North America held the largest share of 43.71% in 2022, followed by Europe at 24.45%. Additionally, Asia-Pacific is anticipated to grow considerably at high growth, registering a CAGR of 11.83%, respectively, during the forecast period 2022-2032.

Some of the prominent names established in this market are:

Agfa-Gevaert Group
• Bracco
• Bayer AG
• Canon Inc.
• FUJIFILM Holdings Corporation
• Guerbet
• General Electric Company
• Imalogix
• Infinitt Healthcare Co., Ltd.
• Koninklijke Philips N.V.
• LANDAUER
• Medic Vision Imaging Solutions Ltd.
• Medsquare
• MyXrayDose Ltd.
• Novarad Corporation
• PACSHealth, LLC
• Qaelum NV
• Sectra AB
• SST Group Inc.
• Siemens Healthineers AG
• Virtual Phantoms Inc.
Key Features of Currently Available Dose Management Software

Most market players in the global radiation management market offer vendor-neutral and multi-modality software solutions. The vendor-neutrality feature enables end users to compare the dose data obtained from various models of imaging equipment across different manufacturers, each employing its own dose-reduction techniques.

COVID-19 Impact and Post-COVID-19 Scenario

The COVID-19 pandemic had a negative impact on imaging volumes in 2020. According to a paper published in the Radiological Society of North America (RSNA) in April 2020, titled, ‘The Economic Impact of the COVID19 Pandemic on Radiology Practices,’ imaging volumes were affected with the greatest decline observed in outpatient settings, followed by emergency departments and inpatient settings.

Furthermore, there was a significant decline in various diagnostic procedures globally, such as positron emission tomography (PET) and CT scans.

The following is expected in the post-COVID-19 scenario:

▪ Hospitals and other healthcare institutions are expected to reallocate budgets toward the radiology department

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How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of radiation dose management software available for use in hospitals and diagnostic centers. Moreover, the study provides the reader with a detailed understanding of the different radiation dose products based on the modalities they are compatible with (CT scanners, X-Ray, CR, and DR, mammography system, interventional angiography systems/angio CT, fluoroscopy systems, PET scanners and SPECT, and hybrid imaging), the modes on which they can be deployed (cloud-based, web-based, and on-premises), and the end users who can adopt such software (hospitals, diagnostic centers, and others).

Growth/Marketing Strategy: The global radiation dose management market has seen developments by key players operating in the market, such as partnerships, collaborations and business expansions, and new product launches. Partnerships accounted for the maximum number of key developments, i.e., nearly 70.00% of the total developments in the global radiation dose management market.

Competitive Strategy: Key players in the global radiation dose management market analyzed and profiled in the study involve players that offer radiation dose software. Moreover, a detailed market share analysis of the players operating in the global radiation dose management market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market. To know more visit: https://bit.ly/3o4sBZK

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