Global Radiation Dose Management Market growth is driven by the increasing concerns over radiation dose exposure in the forecast period,2024-2028.
According to TechSci Research report, “Radiation Dose Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, global radiation dose management market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing development in healthcare infrastructure along with swiftly growing installations of imaging systems. Additionally, rising emphasis on the implementation of standard regulations for radiation exposure by government authorities is expected to create lucrative opportunities for market growth in the coming years. Besides, rising demand for patient safety and enhanced healthcare services along with the rise in different dose management campaigns across the globe is further expected to support the market growth. Similarly, the rising prevalence of chronic diseases such as cardiovascular diseases and cancer is expected to create significant growth during the forecast period. Also growing adoption of HCIT technologies for the treatment of cancer will boost the market growth over the years.
However, a lack of dose optimization benchmarking across the globe slows down the growth of the global radiation dose management market in the forecast period. Similarly, the lack of standardized protocols and risks associated with radiation dose may hamper the radiation dose management market growth during the forecast period. Also, the lack of healthcare infrastructure in emerging nations as well as the higher acquisition cost of the software systems can further restrict the growth of the global radiation dose management market. Also, side effects associated with radiation dose for the treatment of cancer will further hamper the growth of the market over the years.
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The global radiation dose management market can be segmented by product, component, application, and by region.
Based on product, the global radiation dose management market can be divided into Dosimeters and Area Process Monitors. The dosimeters segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing applications of dosimeters in the medical field because of increasing cancer cases globally. Similarly, the increasing requirement for reliable equipment that protects from radioactive radiation including diverse industrial processes, and power production, is expected to create lucrative growth during the forecast period. Also, the growing demand for skilled professionals to handle the radiation dose is also drive the growth of the market during the forecast period.
Based on component, the market can be divided into Software and Service. The software segment is expected to dominate during the forecast period on account of the increasing adoption of software in dose management monitoring across the globe. Similarly, the growing demand for software-based devices for better imaging systems for the treatment of cancer is expected to boost the growth of the market during the forecast period.
Major companies operating in the global radiation dose management market are:
- 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
In may 2019, Control Rad announced FDA approval for its new radiation exposure management system, Control Rad Trace. The technology is designed to be utilized C-Arms medical imaging.
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“North America is expected to dominate in the global radiation dose management market due to the increasing significant investments in healthcare infrastructure and growing adoption of advanced technologies in the medical industry across the region. Furthermore, increasing number of key players for automation in the healthcare sector, and increasing investment by major key players to produce new technology are contributing to the demand for radiation dose management. Besides, increasing favorable government reimbursement policies and growing awareness about diagnosis and early screening of the diseases along with the availability of better treatment in the developed region along with the implementation of standard regulation for radiation exposure by government organizations is further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Radiation Dose Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product (Dosimeters and Area Process Monitors), By Component (Software and Service), By Application (Radiography, Angiography, Mammography, Fluoroscopy & Interventional Imaging), and By Region”, has evaluated the future growth potential of global radiation dose management market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global radiation dose management market.
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