Global Radiation Dose Management Market

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 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.

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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).

The 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. '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'

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.

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.

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.

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Global Radiation Dose Management Market

Report ID: SQMIG45A2277

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