Radiation Dose Management Market Scope
The Radiation Dose Management are used for emission of energy in the form of particle or a wave that originated through a source that can easily travel through matter and space. Its offers different types of radiations dose such as effective dose, absorbed dose and equivalent dose. The radiation doses are mostly applicable in computed tomography, nucleaur medicine, fluoroscopy, mammography, radiotheraphy and interventional Imaging. The radiation dose management usability are observed in lowering patient exposure to harmful radiation dose undergoing imaging procedures. The radiation dose management market is rapidly increasing in global regions due to patients safety, state regulations and strict federal and obligations in the developed countries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Bayer AG (Germany), General Electric Company (United States), PACS Health, LLC (United States), Bracco Imaging S.p.A (Italy), Novarad Corporation (United States), Siemens AG (Germany), Sectra AB (Sweden), Agfa Gevaert (Belgium), Qaleum N.V. (Belgium), Fujifilm Holdings Corporation (Japan), Medsquare (France), INFINITT Healthcare Co. Ltd. (South Korea), Koninklijke Philips N.V. (The Netherlands) and Thermo Fisher Scientific (United States) |
CAGR | 16.5% |
"According to AMA, the Global Radiation Dose Management market is expected to see growth rate of 16.5% and may see market size of USD441.0 Million by 2030."The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Radiation Dose Management market throughout the predicted period.
Bayer AG (Germany), General Electric Company (United States), PACS Health, LLC (United States), Bracco Imaging S.p.A (Italy), Novarad Corporation (United States), Siemens AG (Germany), Sectra AB (Sweden), Agfa Gevaert (Belgium), Qaleum N.V. (Belgium), Fujifilm Holdings Corporation (Japan), Medsquare (France), INFINITT Healthcare Co. Ltd. (South Korea), Koninklijke Philips N.V. (The Netherlands) and Thermo Fisher Scientific (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mckesson Corporation (United States), Richardson Healthcare (United Kingdom), Ultraspect Inc. (United States), Medic Vision Imaging Solutions Ltd. (Israel), Erlanger Health Systems (United States) and Toshiba Medical Systems Corporation (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Radiation Dose Management market by Type , by Application (Hospitals and Clinics, Diagnostic Centers and Research Centers and Academic Medical Centers) and Region with country level break-up. On the basis of Type, Product Type are dominating the market in the year 2023 where as Services stood as second largest market share.
On the basis of application, Application segment is dominating the market in the year 2023 where as Hospitals and Clinics segment stood as second largest market.
On the basis of geography, the market of Radiation Dose Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In November 2023, Qaelum NV and Philips forged a global strategic partnership to advance radiation dose management solutions.
In march 7 2019, Thermo Fisher Scientific launched a new dosimetry monitoring service which is beneficial in providing medical and imaging facilities, veterinary clinics, laboratories, nuclear power plants, dental offices and other facilities. This service offers accumulated radiation dose with perfect precision and accuracy
“According to Medical Access and Chip Reauthorization Act (MACRA) its offers awareness across the healthcare industry to address growing concerns around the consequences of too much exposure, and a lack of standardization around dose management protocols and practices”.
Influencing Trend:
Increase demand of radiation dose management solutions in healthcare domain. and Upsurge demand due computed tomography and mammography.
Market Growth Drivers:
Increase Demand of Installed Base of Radiology Equipment., Rise In Demand of Radiation Dose in Medical Imaging Modalities Due to Increasing Incidence of Chronic Diseases. and Growing Awareness on Radiation Dose Management.
Challenges:
Lack of Benchmarking For Radiation Dose Optimization in Developing Countries.
Restraints:
Incidence of Pose Procedure Pain And Complications Hamper The Market Growth. and Less Adaptation of Radiation Dose Management in Emerging Countries.
Opportunities:
Focus on Improving Quality of Patient Care is Also Providing an Opportunity to Drive the Market Growth. and Rise in Demand of Radiation Dose in Nuclear Medicine and Interventional Radiology.
Key Target Audience
Radiation dose management Manufacturers, Radiation dose management Traders, End-Use Market Participants of Different Segments of Radiation dose management, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others