PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1238842
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1238842
Radiation Dose Management Market size was valued at USD 350.9 Million in 2022, expanding at a CAGR of 12.1% from 2023 to 2030.
To reduce the risk of patients receiving high radiation doses during procedures like CT scans, radiation dose management is utilized in hospitals, imaging facilities, and research facilities.
The market is anticipated to grow throughout the forecast period due to factors such the rising incidence of chronic diseases like cancer, the availability of cutting-edge devices, and growing consumer awareness of radiation dosage management. Patients who had computed tomography (CT) have been exposed to more radiation, which has led to radiation sickness and burns. Manufacturers are incorporating technologies for accurate dose prediction for a CT operation due to significant dosage exposures experienced during CT scans. Patients are at less danger of radiation exposure because to new CT equipment with incorporated dose reduction hardware and software. For instance, Bayer's Radiometric Enterprise Platform uses Certegra and the Medrad Stellant CT injection device to automate the dose recording.
The US FDA advised manufacturers and imaging facilities to follow protocols particular to each scanning process in light of growing concerns. In order to improve patient safety during CT scans, the United States FDA also advises hospitals to develop dosing standards for dose adjustment, which are typically followed by all the main nations worldwide. With the use of advanced CT scanners, the majority of hospitals and imaging facilities are embracing new dose reduction technology solutions. The stress of manually collecting doses for CT procedures carried out in a centre is lessened by the dosage tracking software. This aids in the early identification of improper dose selection. As a result, market growth for radiation dose management is anticipated in the near future.
The Global Radiation Dose Management Market is segmented on the basis of Products & Services, Modality, End User, and Region.
The market is divided into three categories based on Products & Services: standalone solutions, integrated solutions, and services. The services segment dominates the market. The increasing demand for radiation related treatments in complex diagnosis are contributing to segment growth.
The market is divided into four categories based on Modality: computed tomography, fluoroscopy and interventional imaging, nuclear medicine, and radiography & mammography. The computed tomography segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for CT scans in hospitals for treatments.
The market is divided into three categories based on End User: ambulatory surgical centers, hospitals, and others. The hospitals segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increasing demand for imaging and CT scan in hospitals.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America accounted for the largest industry share in 2022 and is projected to continue its dominance during the forecast period. The growing prevalence of radiation brain scans are contributing to market growth.
Due to the continued development in Radiation Dose Management technology in the coming years, the worldwide market for Radiation Dose Management is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers.
Products makers compete on a variety of aspects, including products & services costs, performance, products making, End User, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new products & services launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in 2021, Bayer AG announced the launch of Radiometrics v3.0, the newest evolution of its enterprise dose management application.
This proposed research study on Radiation Dose Management market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Radiation Dose Management market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Radiation Dose Management market
Impact of COVID-19 on Radiation Dose Management market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Radiation Dose Management market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Radiation Dose Management market, we have also included competitive landscape and key innovator analysis for the Radiation Dose Management market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Radiation Dose Management market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Radiation Dose Management market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows: