What is the total market value of Radiation Dose Management Market report?
Expected Revenue Growth:
[226 Pages Report] The global radiation dose management market size is projected to reach USD 423 million by 2025 from USD 220.22 million in 2020, at a CAGR of 13.9% during the forecast period.
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What This Report Will Provide?
The study involved four major activities to estimate the current size of the radiation dose management market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size.
Major Growth Boosters:
The growth in this market is attributed to the increasing use of medical imaging modalities due to the rising incidence of chronic diseases, increasing concerns over radiation dose exposure, growth in the installed base of radiology equipment, and growing awareness on radiation dose management.
COVID -19 IMPACT ON THE RADIATION DOSE MANAGEMENT MARKET
Several countries across the globe have seen non-urgent diagnostic imaging surgeries being postponed due to the pandemic. These procedures utilize additional resources and increase the risk of complications; depending on the procedure, they also increase the chance of needing equipment, resources, or materials such as hospital beds and PPE.
Regional Growth Analysis:
North America accounted for the largest share of the radiation dose management market. The large share of North America can be attributed to 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.
Key Market Players
The major players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (US), PACSHealth, LLC (US), and Sectra Medical Systems (Sweden). Other prominent players in this market include Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (US), Siemens Healthineers (Germany), Agfa HealthCare (Belgium), Canon (Japan), and Qaelum N.V. (Belgium).
Recent Developments:
- Sectra AB launched Sectra Dosetrack.
- Sectra AB launched Gadolinium Tracking in its dose monitoring solution.
- DOSE, Qaelum’s dose management solution, expanded its reach in radiology and medical imaging departments in the UK.
Frequently Asked Questions (FAQ):
- What is the projected market value of the global radiation dose management market?
- What is the estimated growth rate (CAGR) of the global radiation dose management market for the next five years?
- Who are the major players offering radiation dose management solutions and services in the market?
- Which modality segment of the global radiation dose management market is expected to witness the highest growth?
- Which end user segment is expected to grow at the highest CAGR during the forecast period?
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