USD 297.9 million
Report ID:
SQMIG45A2277 |
Region:
Global |
Published Date: November, 2024
Pages:
194
|Tables:
65
|Figures:
76
Radiation Dose Management Market size was valued at USD 344 Million in 2023 and is poised to grow from USD 390.1 Million in 2024 to USD 1066.75 Million by 2032, growing at a CAGR of 13.4% during the forecast period (2025-2032).
Radiation dose management is the practice of minimizing and optimizing radiation exposure, especially when involved in radiology and imaging. The method contains information on radiation dose recording software, regulatory compliance, real-time staffing monitoring, and dose reduction technology, including interactive reconstruction software Such software ensures the use of radiation safely and effectively during diagnosis and treatment, reducing potential harm. The growth of the global radiation dose management market is attributed to the rise in medical imaging techniques across the globe.
Furthermore, the increasing risks associated with extreme radiation and the increasing demand for detecting emergency situations are expected to fuel the growth of the market during the forecast period. Furthermore, various strategies by key players are expected to boost market growth during the forecast period. For example, in November 2023, Kaylam NV partnered with Philips to revolutionize the radiation dose used in medical imaging, enhancing patient safety and improving healthcare efficiency.
Global Market Size
USD 297.9 million
Largest Segment
Diagnostic Center
Fastest Growth
Diagnostic Center
Growth Rate
13.4% CAGR
To get more reports on the above market click here to Buy The Report
Global Radiation Dose Management Market is segmented by Product & Services, Modality, Mode of Deployment, Revenue Model, Application, End User, and region. Based on Product & Services, the market is segmented into Solutions (Standalone Solutions, Integrated Solutions), Services (Support & Maintenance Services, Implementation & Integration Services, Consulting Services, Education & Training Services, Radiation Dose Management). Based on Modality, the market is segmented into Computed Tomography, Fluoroscopy & Interventional Imaging, Radiography, Mammography, and Nuclear Medicine. Based on Mode of Deployment, the market is segmented into On-Premises, Cloud-Based, Web-Based. Based on Revenue Model, the market is segmented into Capital/Annual Purchase Model, Pay-Per Procedure Model. Based on Application, the market is segmented into Oncology, Cardiology, Dental, Orthopaedic Application, Other Application. Based on End User, the market is segmented into Hospitals and Healthcare System, Ambulatory Surgery Centers, Diagnostic and Imaging Centers, Other End-users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by End-user
The diagnostic center is the dominating segment in the market. This segment growth is attributed to the increasing number of diagnostic centers worldwide. Patient visits to diagnostic centers are increasing, as outpatient clinics allow a more personalized approach, potentially providing better dosing strategies well. For example, according to data released by HealthValue Group in April 2023, the number of health care providers in the U.S. is expected to increase by 2.5 percent. will increase by 10 percent.
Hospitals and specialty clinics segment attained high market share. The growth of this segment is attributed to the increasing number of imaging devices and their use is diagnostic single photon emission computed tomography (SPECT) and positron emission tomography (PET) scan methods of radioisotopes. For example, according to the World Atomic Society in July 2023, more than 10,000 hospitals worldwide used radioisotopes for medical purposes, with approximately 90.0% of the treatments being diagnosed.
Analysis by Application
The orthopedic segment held the dominant position in the market. The benefits of these features will further enhance commercial growth in patients and orthopedic protection during orthopedic surgery. Orthopedic procedures generally require extensive use of imaging techniques such as X-rays, CT scans, and fluoroscopy. These mechanisms contribute significantly to radiation exposure to patients and healthcare professionals and require robust dose-management solutions. Awareness of the potential risks associated with radiation exposure is increasing among healthcare professionals. Orthopedic surgeons and radiologists must be especially vigilant in monitoring radiation doses to minimize potential long-term health effects for patients and staff. There have been significant technological advances in orthopedics, allowing for advanced imaging techniques and surgical techniques. These advances may require sophisticated quantitative solutions processing to improve image quality while reducing air consumption.
The oncology segment is expected to register the highest CAGR during the forecast period. The increase is attributed to increased demand for non-invasive methods such as diagnostic imaging including CT scans. Ionizing radiation, as well as the frequency of diagnosis, can make the condition worse. For example, a single chest CT scan for lung cancer would require between 100 and 800 such x-rays. Thus, the increasing need to integrate this software into computed tomography (CT) scanning systems is fueling the growth of the market.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the market with a revenue of USD 225.7 million by 2022 and is expected to remain dominant over the forecast period. Patient safety guidelines in radiology practices, govern ionizing radiation exposure inside management, helping to grow these software solutions in the region. In addition, many nuclear medicine techniques in the U.S. are expected to be developed. and availability of SPECT cameras will drive the market growth in North America.
For example, according to the World Atomic Energy Agency, by July, it will have more than 20.0 million nuclear reactors a year, followed by about 10.0 million in Europe.
The Asia Pacific region in the market is expected to grow at the highest CAGR during the forecast years. The growth is attributed to the increasing awareness of radiation dose management software, which is also driving high adoption in the sector. For example, according to the Economic Times magazine, India’s public health expenditure in January 2023 is 2.1% of GDP in 2022, up from 1.8% in 2021.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Integration of Artificial Intelligence (AI) into Radiology Practices Driving Market Growth
Restraints
High Cost of Imaging Techniques
Lack of Infrastructure in Developing Countries
Request Free Customization of this report to help us to meet your business objectives.
The global radiation dose management market is highly competitive and has several key players offering software and applications aimed at monitoring, analyzing and optimizing radiation dose in medical imaging techniques. For example, Philips Healthcare offers radiation dose management software and services through its DoseWise portfolio. This includes DoseWise Portal, a web-based dose management platform, and DoseAware, a real-time dose monitoring solution integrated with Philips imaging systems.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The increasing prevalence of chronic diseases and aging population has increased the number of medical imaging procedures performed worldwide and this has increased the need for practical radiation solutions ensuring patient safety and compliance. Healthcare professionals and regulatory agencies are increasingly aware of the potential hazards associated with radiation from medical imaging. Consequently, increasing attention is paid to implementing dose monitoring and optimization techniques to minimize radiation dose while improving image quality. Cost can deter adoption, especially in small healthcare facilities with limited budgets. Integrating radiation dose management software into existing IT systems and medical imaging systems can be complex and time-consuming. Compatibility issues and operational challenges arise, requiring customized solutions and professional services.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 344 Million |
Market size value in 2032 | USD 1066.75 Million |
Growth Rate | 13.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Radiation Dose Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Radiation Dose Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Radiation Dose Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Radiation Dose Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2277
sales@skyquestt.com
USA +1 351-333-4748