The growth of Radiation Dose Management market is driven by the increasing use of medical imaging technology due to the increasing incidence of chronic diseases, increasing concerns about radiation dose exposure, the increasing installed base of radiation equipment and increasing awareness about radiation dose management.
[226 Pages Report] The global radiation dose management market size is projected to reach USD 423 million by 2025 from USD 220.22 million in 2020, at a CAGR of 13.9% during the forecast period.
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The radiation dose management solutions segment accounted for the larger share of the radiation dose management market. The large share of this segment can be attributed to the increasing adoption of radiation dose management solutions by healthcare providers owing to the growing regulations regarding ionizing radiation across the globe.
Based on application, The rising prevalence of cancer, the need for advanced diagnostic technologies has increased. This has resulted in the rising adoption of imaging techniques for cancer detection and treatment planning, thus driving the demand for radiation dose management software as well.
Based on end users, The hospitals segment accounted for the largest market share. The rising patient population, growing awareness about the benefits of early disease diagnosis, technological advancements in imaging modalities, and the increasing awareness of the harmful effects of radiation exposure are some of the major factors responsible for the high demand for radiation dose management solutions in hospitals.
North America accounted for the largest share of the radiation dose management market. The large share of North America can be attributed to factors such as the stringent legislative and accreditation requirements regarding the reporting and optimization of radiation doses, high adoption of HCIT technologies, and the presence of stringent regulatory requirements regarding patient safety.
Key Market Players
The major players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (US), PACSHealth, LLC (US), and Sectra Medical Systems (Sweden). Other prominent players in this market include Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (US), Siemens Healthineers (Germany), Agfa HealthCare (Belgium), Canon (Japan), and Qaelum N.V. (Belgium).
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Critical questions answered in the report:
- What is the projected market value of the global radiation dose management market?
- What is the estimated growth rate (CAGR) of the global radiation dose management market for the next five years?
- Who are the major players offering radiation dose management solutions and services in the market?
- Which modality segment of the global radiation dose management market is expected to witness the highest growth?
- Which end user segment is expected to grow at the highest CAGR during the forecast period?