PUBLISHER: The Business Research Company | PRODUCT CODE: 1522310
PUBLISHER: The Business Research Company | PRODUCT CODE: 1522310
Radiation dose management involves a systematic approach to monitoring, optimizing, and controlling radiation exposure during medical imaging procedures such as X-rays, computed tomography (CT), fluoroscopy, and nuclear medicine scans. Its goal is to ensure that diagnostic images are obtained with the lowest possible radiation dose without compromising image quality needed for accurate diagnosis.
The radiation dose management market comprises two main components, software and services. Software encompasses programs, data, and instructions enabling computer systems and electronic devices to perform specific tasks. Various modalities include computed tomography, fluoroscopy and interventional imaging, radiography and mammography, and nuclear medicine. Applications span oncology, cardiology, orthopedic applications, and others. These solutions are utilized by various end-users such as hospitals, ambulatory care settings, and others.
The radiation dose management market research report is one of a series of new reports from The Business Research Company that provides radiation dose management market statistics, including the radiation dose management industry's global market size, regional shares, competitors with a radiation dose management market share, detailed radiation dose management market segments, market trends, and opportunities, and any further data you may need to thrive in the radiation dose management industry. This radiation dose management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The radiation dose management market size has grown rapidly in recent years. It will grow from $0.71 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The growth during the historic period can be attributed to several factors, increased awareness of radiation risks, regulatory requirements and standards, a rise in diagnostic imaging procedures, initiatives by healthcare providers, and advancements in imaging technologies.
The radiation dose management market size is expected to see rapid growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to several factors, the expansion of cloud-based solutions, increased awareness of patient safety, the incorporation of artificial intelligence (AI), the growing number of diagnostic centers, and the integration of advanced imaging modalities. Major trends expected during this period include technological advancements, product innovations, the development of advanced radiation dose-managing devices, the integration of artificial intelligence (AI), and the incorporation of the Internet of Things (IoT).
The anticipated rise in cancer cases is expected to fuel the expansion of the radiation dose management market. Cancer, characterized by the uncontrolled proliferation and spread of abnormal cells, is influenced by various factors such as genetic predisposition, lifestyle choices, environmental factors, and an aging population. Radiation dose management solutions play a crucial role in cancer care by enabling precise diagnosis and treatment while minimizing the risks associated with radiation exposure. For example, the World Health Organization projects that by 2050, there will be over 35 million new cancer cases, representing a 77% increase from the estimated 20 million cases in 2022. Consequently, the growing number of cancer cases is a significant driver for the radiation dose management market.
Leading companies in the radiation dose management sector are focusing on developing innovative technologies, including personal electronic dosimeters, to maintain their competitive edge. Personal electronic dosimeters are portable devices that provide real-time information about the type and dosage of radiation exposure received during operations. For instance, in March 2022, Tracerco, a UK-based company specializing in diagnostic and measurement solutions, launched the PED2 range of dosimeters. These next-generation dosimeters utilize unique detection technology to enhance radiological safety performance. Supported by the cloud-based radiation dosimetry management software platform DoseVision2, PED2 facilitates efficient dose record-keeping for compliance and simplifies device configuration and management.
In April 2023, AURELIUS Group, a German asset management company, acquired the Offset Solutions division of Agfa-Gevaert Group. This acquisition enables AURELIUS Group to continue providing specific consumables and services, including film, while enhancing its focus on growing businesses for future success. Agfa-Gevaert Group, headquartered in Belgium, is a medical imaging company specializing in radiation dose management.
Major companies operating in the radiation dose management market are INFINITT Healthcare Co. Ltd., Bayer AG, Thermo Fisher Scientific Inc., Canon Inc., Siemens Healthcare, FUJIFILM Holdings Corporation, Philips Healthcare, GE Healthcare, Fortive Corporation, Mindray Medical International Limited, Sectra AB, Bracco Imaging S.P.A., Neusoft Medical Systems, United Imaging Healthcare, Agfa-Gevaert Group, Dedalus S.P.A, Guerbet, Mirion Technologies Inc., Landauer, Novarad Corporation, Volpara Health Limited, Medic Vision, PACSHealth LLC, Medsquare, Nanjing Perlove Medical Equipment Co. Ltd.
North America was the largest region in the radiation dose management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiation dose management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the radiation dose management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The radiation dose management market consist of revenues earned by entities by providing services such as optimization of imaging protocols, dose monitoring and tracking, and radiation safety consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The radiation dose management market consists of sales of real-time dose monitoring devices, radiation dose registries and benchmarking tools, patient dose management systems, and dose optimization tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Radiation Dose Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on radiation dose management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for radiation dose management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radiation dose management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.