USD 585.2 Million
Radiation Dose Management Market Size, Share, Growth Analysis, By End-user(Hospitals & Specialty Clinics, Diagnostic Centers, and Others), By Procedure(Computed Tomography, Nuclear Medicine, Radiography and Mammography, Fluoroscopy and Interventional Imaging), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2277 |
Region:
Global |
Published Date: April, 2024
Pages:
194
|Tables:
65
|Figures:
76
Radiation Dose Management Market Insights
Global Radiation Dose Management Market size was valued at USD 585.2 Million in 2022 and is poised to grow from USD 662.9 Million in 2023 to USD 1917.68 Million by 2031, growing at a CAGR of 14.2% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Diagnostic Center
Fastest Growth
Diagnostic Center
Growth Rate
14.2% CAGR
Global Radiation Dose Management Market ($ Bn)
Country Share for North America Region (%)
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Radiation Dose Management Market Segmental Analysis
Based on end-user, the market is segmented into hospitals & specialty clinics, diagnostic centers, and others. Based on procedure, the market is segmented into computed tomography, nuclear medicine, radiography and mammography, fluoroscopy and interventional imaging, and others. Region wise, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
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.
Global Radiation Dose Management Market By End-User (%)
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Radiation Dose Management Market Regional Insights
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.
Global Radiation Dose Management Market By Geography
- Largest
- Fastest
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Radiation Dose Management Market Dynamics
Drivers
Integration of Artificial Intelligence (AI) into Radiology Practices Driving Market Growth
- There is a significant trend in the market for integrating artificial intelligence into radiology practices. Artificial intelligence (AI) technologies are increasingly used in various healthcare services, including radiology practices. The integration of artificial intelligence into imaging techniques can play a big role in this software. Additionally, AI algorithms can help optimize imaging systems by optimizing image reconstruction techniques and predicting specific individual radiation doses. For example, according to a recent study published in July 2023 in the journal of the Radiological Society of North America (RSNA), AI can use information from low-frequency chest CT scans to improve the risk of death from lung cancer,CVD, and other causes.
Restraints
High Cost of Imaging Techniques
- The high cost of radiation monitoring software and other dose monitoring systems can be a significant barrier for many hospitals, especially smaller ones. For example, according to the Iranian Journal of Radiology, the monthly cost of imaging services in January 2023 is US$1. $10,457.5 in 2019 and $26,482.2 in 2021, respectively.
Lack of Infrastructure in Developing Countries
- Moreover, lack of infrastructure and healthcare facilities in less developed countries poses a significant challenge to the implementation of radiation monitoring software, which may restrain the market growth.
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Radiation Dose Management Market Competitive Landscape
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
- Landauer
- Agfa-Gevaert Group
- Sectra AB
- PACSHealth, LLC
- Koninklijke Philips N.V.
- GE Healthcare
- Thermo Fisher Scientific Inc.
- Medsquare SAS
- Siemens
- Fujifilm Holdings Corporation
- QAELUM NV
- Bayer AG.
- General Electric Company
- Koninklijke Philips N.V.
- Siemens Healthcare GmbH
- FUJIFILM Holdings Corporation
- Sectra AB
- Medic Vision Imaging Solutions
- Agfa-Gevaert Group
- Novarad Enterprise Healthcare Solutions
- Guerbet
Recent Developments
- In September 2023, Kaylam NV partnered with I-MED Radiology Network to expand Kaylam DOSE and FOQA in the ANZ region.
- In May 2023, Carestream Health introduced its new DRX-LC Detector, which is designed to improve image quality, patient comfort and diagnostic confidence, and to improve imaging delays in orthopedics.
- In January 2023, Carestream Health partnered with Roberts Research Institute to improve and demonstrate the benefits of digital X-ray, digital tomosynthesis, and dual-energy technologies to improve outcomes for patients with cardiopulmonary disease.
Radiation Dose Management Key Market Trends
- Technological Advancements in Imaging Techniques to Enhance Market Growth: Radiation imaging manufacturers have developed imaging tools and software to reduce radiation and improve image quality Radiologists worldwide use iterative reconstruction algorithms and other image correction techniques to reduce radiation levels needed to generate high-quality diagnostic imaging using an advanced version. For example, in August 2021, Affidea announced the introduction of version 3.2 of GE Healthcare’s DoseWatch software, as well as new business intelligence tools that allow for better dose monitoring. Furthermore, standardized imaging systems ensure consistent radiation control and accuracy, leading to continuous improvements in imaging technology and increased adoption, leading to market growth.
Radiation Dose Management Market SkyQuest Analysis
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 2022 | USD 585.2 Million |
| Market size value in 2031 | USD 1917.68 Million |
| Growth Rate | 14.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Radiation Dose Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Radiation Dose Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
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