Radiation Dose Management Market Analysis, Size, and Share by 2028

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

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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.   

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.

Radiation Dose Management Market Regional Insights

The regional trends and factors influencing the Radiation Dose Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Radiation Dose Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Radiation Dose Management Market Report Scope

Radiation Dose Management Market Players Density: Understanding Its Impact on Business Dynamics

The Radiation Dose Management Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Radiation Dose Management Market are:

1. FUJIFILM Holdings Corporation
2. Bayer AG
3. Bracco Imaging S.p.A
4. GE Healthcare
5. Koninklijke Philips N.V.

Disclaimer: The companies listed above are not ranked in any particular order.

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