Radiation Dose Management Market is Expected to witness CAGR of 13.4% during 2024-2030

The Global Radiation Dose Management Market size is projected to grow at a CAGR of 13.4% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The surge in chronic illnesses, such as cancer, cardiovascular conditions, and respiratory ailments has led to a significant rise in the usage of medical imaging devices. This has consequently spurred a growing demand for radiation dose management solutions aimed at reducing patients' radiation exposure. These solutions encompass implementing barriers or technologies to minimize computed tomography (CT) doses and improve the control or mitigation of radiation doses, benefiting various healthcare professionals involved in imaging-related care.

Additionally, the expansion of radiology dose management practices across healthcare facilities has been largely propelled by the enforcement of robust guidelines and regulations focused on enhancing patient safety during imaging procedures. Key organizations such as the European Commission (EU) and the International Atomic Energy Agency (IAEA) have played pivotal roles in establishing and enforcing stringent guidelines governing the use of ionizing radiation in medical settings. These regulations span various activities, including medical imaging and radiotherapy, ensuring adherence to safety standards and minimizing radiation exposure risks. Thus, to address concerns linked to radiation exposure risks, there has been an increasing adoption of software solutions aimed at optimizing radiation doses while maintaining image quality.

Furthermore, integrating Artificial Intelligence (AI) in radiology dose management practices is poised to boost market growth. Continuous advancements in medical imaging technologies, including imaging modalities, software algorithms, and dose monitoring capabilities, drive innovation in radiation dose management solutions. AI & machine learning (ML) algorithms revolutionize radiation dosage management by enabling real-time exposure monitoring, personalized dose adjustments, and predictive analytics. Thus, with proven results demonstrating the higher efficacy of AI-integrated radiation dose management solutions, their adoption is projected to increase in the coming years, further states the research report, “Global Radiation Dose Management Market Analysis, 2024.”

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Radiation Dose Management Market Segmentation Analysis

By Component

- Solutions

-- Standalone Solutions

-- Integrated Solutions

- Services

-- Support & Maintenance Services

-- Implementation & Integration Services

-- Consulting Services

-- Education & Training Services

By Modality

- Computed Tomography

- Fluoroscopy & Interventional Imaging

- Radiography

- Mammography

- Others (MRI (Magnetic Resonance Imaging), Nuclear Medicine, etc.)

Computed Tomography to Lead the Radiation Dose Management Market Growth

Based on the modality segment, the market is further bifurcated into Computed Tomography, Fluoroscopy & Interventional Imaging, Radiography, Mammography, Nuclear Medicine, and Others (MRI (Magnetic Resonance Imaging), Nuclear Medicine, etc.). Among these, the segment for Computed Tomography (CT) has experienced rapid expansion within the Radiation Dose Management Market. This surge has been attributed to the escalating prevalence of targeted diseases like cardiovascular diseases & cancer, necessitating frequent diagnostic and monitoring procedures.

Moreover, healthcare providers are increasingly integrating CT scans into their diagnostic arsenal while prioritizing patient safety and adherence to legislative and accreditation standards. Also, as awareness grows regarding the risks associated with radiation exposure, there is an increasing focus on implementing solutions to effectively manage radiation doses during CT scans.

By Revenue Model

- Subscription-based Model

- Pay-per-use Model

By Application

- Diagnostic Imaging

- Radiation Therapy

- Interventional Procedures

- Pediatric Imaging and Therapy

- Oncology

- Emergency Medicine

- Others (Chronic Disease Management, Research & Development, etc.)

By End Users

- Hospitals

- Diagnostic Imaging Centers

- Cancer Treatment Centers

- Ambulatory Surgical Centers

- Others (Research Institutes, Government Agencies, etc.)

By Region

- North America

- South America

- Europe

- The Middle East & Africa

- Asia Pacific

North America to Dominate the Global Radiation Dose Management Market Growth

Geographically, North America has solidified its position as the frontrunner in the Global Radiation Dose Management Market, driven by robust growth fuelled by substantial investments in healthcare IT infrastructure and the widespread adoption of cutting-edge radiation software solutions. The region's dominance has also been attributed to various factors, including the significant presence of major industry players and the emergence of innovative startups, which have accelerated the uptake of radiation dose management solutions.

Furthermore, North America benefits from a proactive regulatory environment and stringent compliance measures, which have further boosted the adoption of radiation dose management solutions among healthcare providers

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Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Bayer AG, Bracco S.p.A., Koninklijke Philips N.V., GE HealthCare, Siemens Healthcare Private Limited, Sectra AB, Canon Medical Systems Corporation, Qaelum N.V., Agfa-Gevaert Group, Inc., Novarad Corporation, PACS Health LLC, Guerbet, INFINITT Healthcare Co Ltd., Medic Vision, Medsquare, etc. are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

What are the industry’s overall statistics or estimates (Overview, Market Size- By Value, Forecast Numbers, Segmentation, Market Shares)?
What are the market trends influencing the current scenario of the Global Radiation Dose Management Market?
What key factors would propel and impede the industry across the globe?
How has the industry been evolving in terms of geography & solution adoption?
How has the competition been shaping across the regions?
How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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