PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481289
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481289
Radiation Dose Management Market size is poised to grow at 13.2% CAGR from 2024-2032 driven by the increasing adoption of advanced medical imaging technologies. The widespread use of CT, X-ray, and fluoroscopy procedures in diagnostic and interventional settings has led to higher radiation exposure risks. To that end, healthcare providers are turning to radiation dose management solutions to monitor and optimize doses for ensuring patient safety. The demand for accurate dose tracking, real-time monitoring, and optimization tools is rising, particularly with the growing prevalence of chronic diseases requiring frequent imaging.
Furthermore, collaborations between healthcare technology companies and research institutions are driving innovations in dose monitoring and optimization solutions. For instance, in November 2023, Qaelum NV, a leading developer of novel healthcare solutions, and Philips, a global pioneer in health technology, formed a strategic partnership to redefine radiation dose control in medical imaging to improve patient safety and streamline healthcare operations. Such cutting-edge products are meeting the evolving needs of healthcare providers for radiation safety and efficiency, further contributing to the market growth.
The radiation dose management industry is segmented into products & services, modality, applications, mode of deployment, revenue model, end-use, and region.
Based on products & services, the market size from the solutions segment, further sub-segmented into standalone and integrated, is anticipated to garner 13% CAGR from 2024-2032. Healthcare facilities are increasingly adopting comprehensive solutions that offer real-time monitoring, dose tracking, and optimization tools to ensure patient safety. These solutions also provide healthcare providers with the ability to efficiently manage radiation doses while reducing unnecessary exposure and potential risks to patients. The demand for advanced analytics, dose reporting, and workflow integration capabilities will boost the segment growth.
In terms of application, the radiation dose management industry from the cardiology segment witnessed high demand in 2023 and is estimated to attain a 13.7% growth rate between 2024 and 2032. Cardiac procedures often involve radiation exposure, necessitating precise management to ensure patient safety. The increasing prevalence of cardiovascular diseases and the rising adoption of interventional cardiology procedures are also contributing to the demand for radiation dose management solutions. Additionally, the increasing focus on patient safety and regulatory compliance has spurred healthcare facilities to deploy radiation dose management solutions for cardiology departments.
Regionally, the Asia Pacific radiation dose management industry is set to exhibit 14.1% CAGR through 2032 attributed to the increasing adoption of advanced medical imaging technologies, rising awareness of radiation safety, and the growing number of healthcare facilities. With the strong focus on patient safety and regulatory compliance, healthcare providers in the region are investing in radiation dose management solutions. Additionally, the rising prevalence of chronic diseases requiring imaging procedures and the strong need to minimize radiation exposure will augment the regional industry outlook.