Radiation Dose Management Market Size, Share & Trends by 2028

Radiation Dose Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service/Software (Radiation Dose Management Services and Radiation Dose Management Software), By Medium (Computed Tomography, Radiation and Mammography, Fluroscopy and Mammography, Others), End User (Hospitals, Research and Medical Institutes, Others)

  • Report Code : TIPHE100001217
  • Category : Healthcare IT
  • Status : Published
  • No. of Pages : 206
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The radiation dose management market is projected to reach US$ 646.87 million by 2028 from US$ 270.32 million in 2021; it is estimated to grow at a CAGR of 13.3% during 2021–2028.

Radiation therapy is an essential branch of medical science. Various diseases like cancer, cardiovascular diseases, etc. are diagnosed and treated through electromagnetic waves. It is used extensively to treat different types of cancer. However, radiation therapy also has side effects. Therefore, monitoring the correct radiation dose is highly essential in any radiation-based medical procedure. The radiation dose is the amount of radiation thrown onto the patient. Radiation dose management comprises information on radiation dose recording software; real-time staff dose monitoring; regulatory compliance; and dose reduction technologies, such as interactive reconstruction software.

The growth of the radiation dose management market is attributed to the growing concerns related to radiation exposure and rising cases of cancer demanding radiation therapy. However, the organizational challenges and lack of benchmarking for dose optimization hampers the market growth.    

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Radiation Dose Management Market: Strategic Insights

radiation-dose-management-market
Market Size Value inUS$ 270.32 million in 2021
Market Size Value byUS$ US$ 646.87 million by 2028
Growth rateCAGR of 13.3% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
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Lucrative Regions in Radiation Dose Management Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing Focus on Interventional Radiology and Nuclear Medicine

Rapid advances in medical technology, device manufacturing, and imaging equipment have resulted in the refinement of original procedures with better techniques and an expansion of the indications for procedures. New techniques have been developed and some techniques are migrated to other imaging modalities. Due to the high imaging efficiency, more interventional radiological and nuclear medicine procedures are being performed worldwide. According to the Society of Nuclear Medicine, approximately 20 million nuclear medicine procedures are performed in the US each year. As reported by the World Nuclear Association, more than 10,000 hospitals worldwide use radioisotopes in medicine and 90% of radioisotope procedures are diagnostic. Market players such as Bayer Healthcare and Sectra Medical Systems offer dose management software specifically for RDM in interventional imaging and nuclear medicine. Therefore, the growing focus on the interventional radiology and nuclear medicine is providing opportunities for the growth of the market.

Service/Software-Based Insights

Based on service/software, the global radiation dose management market has been segmented into radiation dose management services and radiation dose management software. The radiation dose management software segment held the largest share of the market in 2021 and is anticipated to register the CAGR of 13.6% in the market during the forecast period.   

Radiation Dose Management Market, by Service/Software – 2021 and 2028

healthcare-it
Radiation Dose Management Market, by Service/Software – 2021 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Medium-Based Insights

Based on medium, the global radiation dose management market is segmented into computed tomography, radiation and mammography, fluroscopy and mammography, and other medium. The computed tomography segment held the largest share of the market in 2021 and is anticipated to register a CAGR of 13.8% in the market during the forecast period.

End User -Based Insights

Based on end user, the radiation dose managements market is segmented hospitals, research and medical institutes, and others. The hospital segment held the largest share of the market in 2021 and is estimated to register the highest CAGR of 13.6% in the market during the forecast period.

Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the radiation dose management market players focus on the partnership strategy to expand their clientele, which, in turn, permits them to maintain their brand name across the world.

Company Profiles

  • FUJIFILM Holdings Corporation
  •  Bayer AG
  • Bracco Imaging S.p.A
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Medsquare
  • Novarad Corporation
  • QAELUM INC
  • Sectra AB
  • PACSHealth, LLC
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Service/Software, By Medium, End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, UK, US

Frequently Asked Questions


Who are the key players in the radiation dose management market?

The radiation dose management market majorly consists of the players such as FUJIFILM Holdings Corporation; Bayer AG; Bracco Imaging S.p.A; GE Healthcare; Koninklijke Philips N.V.; Medsquare; Novarad Corporation; QAELUM INC; Sectra AB; PACSHealth, LLC: among others.

What is the regional market scenario of radiation dose management?

Global radiation dose management market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for radiation dose management. The market growth in the country is attributed to the 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. And, North America is the fastest-growing region growing at the CAGR of 13.8% during the forecast period.

Which End user held the largest share in the radiation dose management market?

The hospitals segment dominated the global radiation dose management market and accounted for the largest revenue share of 51.14% in 2021.

Which medium held the largest share in the radiation dose management market?

The Computed Tomography segment dominated the global radiation dose management market and held the largest revenue share of 42.54% in 2021.

What is radiation dose management?

Radiation dose management involves services and software that keep records of the radiation doses, real time dose monitoring, regulatory compliance. It is an information technology which is considerate in lowering the dose with integrative reconstruction software. The software assists to find the right way to radiation dose for a patient to get treated by the integration of medical technology and insightful data & services.

What are the driving factors for the radiation dose management market across the globe?

Key factors that are driving the growth of this market are growing concerns related to radiation exposure, and rising cases of cancer demanding radiation therapy.

Which service or software held the largest share in the radiation dose management market?

The Radiation Dose Management software segment dominated the global radiation dose management market and held the largest revenue share of 77.67% in 2021.

List of Companies - Radiation Dose Management Market           

  1. FUJIFILM Holdings Corporation
  2. Bayer AG
  3. Bracco Imaging S.p.A
  4. GE Healthcare
  5. Koninklijke Philips N.V.
  6. Medsquare
  7. Novarad Corporation
  8. QAELUM INC
  9. Sectra AB
  10. PACSHealth, LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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