Global Radiation Dose Management Market Size
Global Radiation Dose Management Market is expected to reach a total of US$ 1.00 billion by 2032 from US$ 330.87 million in 2023, at compound annual growth rate of 13.13% starting from 2024 to 2032. The increase is due to factors such as; increase in prevalence of diseases such as Cancer, fast growth in the health sector, and the investment in research and development.
Radiation Dose Management Industry Outlook
Radiation dose optimization refers to the practice of tracking and minimizing the extent of ionizing radiation people are subjected to when undergoing imaging services like computer tomography scans, plain radiography, or nuclear medicine. Thus, practice to minimize the radiation exposure to the patient as much as is necessary for the diagnostic imaging to be of quality. Accurate radiation dose control is an essential factor in the prevention of possible adverse effects related to radiation such as cancers and at the same time enhance the utilization of imaging techniques.All over the world, radiation dose management has proved to be vital as there has been an increased demand for diagnostic imaging. Healthcare facilities with an interest in utilizing the latest technologies for tracking dose and measuring radiation protection use the systems and software to track patients’ exposure constantly. These complex systems enable health care producers to make sound decision, streamline imaging strategies, and meet government guidelines. Optimal radiation dose reflects patients’ protection, helps quality assurance programs, and builds the public’s confidence in medical imaging, which improves the healthcare system’s quality in general.
Driving Forces of Global Radiation Dose Management
Increasing Use of Diagnostic Imaging:
Various imaging procedures such as CT scans, X-rays and PET scans being used more frequently to facilitate precise diagnosis and treatment planning has enhanced patients’ exposure to radiation. Thus, the medical practitioner has the responsibility of ensuring that radiation dose management is as effective as can be for the sake of the patient. This entails the ensuring the doses of radiation that a patient undergoes during these procedures is kept at optimal level to avoid compounding their condition while at the same time ensuring a high level of accuracy. To this end, many healthcare providers have incorporated a higher standard of dose management strategies and technology within the healthcare settings with an aim of arriving at ALARA. It also improves patient care and complies with the standards to prevent possible adverse effects of radiation in healthcare facilities.Stringent Regulatory Requirements:
The authorities of different countries and other regulatory organizations of the healthcare system have been implementing more strict measures and norms to control the use of radiation in medical facilities. The purpose of these regulations is to protect the health of patients; the exposure of X-rays during diagnostic imaging procedures, including computed tomography, nuclear medicine, and radiography. Radiation dose management systems are inmost used because of these mandates which are often demanded on healthcare facilities. These systems help the healthcare providers in observing, categorizing, and controlling the radiation doses offered to patients in real-time. Through strong dose management procedures, health centers and hospitals not only adhere to regulatory compliance but also improve the quality of patients’ treatment, reducing the adverse effects of radiation from medical procedures. This approach is in harmony with other general quality enhancement programs in the delivery of healthcare services.Rising Awareness of Radiation Risks:
Public knowledge of the possible predisposing factors and effects of radiation, specifically increased susceptibility to cancer, has led to heightened dose optimization standards among the healthcare practitioners. This increased awareness arises from constant researches revealing effects of accumulation of radiation implying on patient’s well-being in the long run. Dose management strategies are goals in healthcare imaging, in which radiation doses are made as low as is reasonably achievable (ALARA) while maintaining the facility’s diagnostic capability. This is a proactive method of looking at the patient’s safety issues and is in tune with patient-centered care as it eliminates unnecessary exposure to radiation. Therefore, dose management is a significant element in the clinical practice of healthcare providers to address potential negative effects and enhance patients’ outcomes when undergoing diagnosis or treatment.Technological Advancements:
Technological advancements in dose management like sophisticated software applications, along with remote monitoring devices are dramatically changing how radiation dosages are handled by the healthcare professionals. They allow the providers to accurately measure, quantify and manage the amount of radiation a patient receives during the imaging process. Real-time monitoring systems provide:- Instant feedback
- Enabling early changes in the dosage and in the imaging procedures to be performed.
- Minimizing adverse events to patients and maintaining lawful practices
China Radiation Dose Management Market
The market for radiation dose management is established in China, and is rapidly growing due to several factors. Use of the modern technologies of medical imaging for example the CT scans and the X-rays have enabled more patients to seek the technologies due to awareness of radiation related dangers. The management of radiation dose is being incorporated effectively by healthcare facilities. The sustained growth of demands on improving the medical infrastructure and the active regulation of radiation safety promote market development. Innovations in dose meter applications and Tracking systems enables the healthcare practitioners to meet dose measurement accuracy and regulation standards. With the advancement of the China healthcare industry, and considering the fact that radiation dose management market plays an important role in enhancing patient care and safety, it is expected to deliver steady growth in the future.Global Radiation Dose Management Company Analysis:
Some of the most recognized Radiation Dose Management firms include Bayer AG, Koninklijke Philips N. V., Thermo Fisher Scientific Inc, Mckesson Corporation, and Cerner Corporation.Global Radiation Dose Management Company News
September 2023: Qaelum NV and I-MED Radiology Network teamed up to expand Qaelum's DOSE and FOQA throughout the ANZ area.May 2023: Carestream Health has released the new DRX-LC Detector, which is intended to increase productivity for taking long-length orthopedic images while also enhancing picture quality, patient comfort, and diagnostic confidence.
February 2023: Carestream Health and Robarts Research Institute collaborated to enhance and exhibit the clinical utility of dual-energy, digital X-ray, and digital tomosynthesis technologies. Patients with pulmonary and cardiothoracic disorders might have better results.
December 2022: Fujifilm, in collaboration with the center, installed its newest CT scanner at the Soorya Diagnostics LLP Center in Tirur, Kerela. This would encourage a culture of screening and facilitate access to high-quality healthcare services for residents of the area.
Product & Service -Market Breakup in 2 Viewpoints
1. Radiation Dose Management Solutions2. Radiation Dose Management Services
Modality - Market Breakup in 4 Viewpoints
1. Computed Tomography2. Fluoroscopy & Interventional Imaging
3. Mammography
4. Nuclear Medicine
End Users - Market Breakup in 3 Viewpoints
1. Hospitals2. Ambulatory Care settings
3. others
Geography - Market Breakup of 23 countries :
North America
- United States
- Canada
- Colombia
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Netherlands
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Israel
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
Company Insights:
- Overview
- Strategy & Recent Development
- Product Portfolio
- Sales Analysis
Key Players Analysis:
1. Bayer AG2. Koninklijke Philips N.V.
3. Thermo fisher Scientific Inc
4. Mckesson Corporation
5. Cerner Corporation
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. SWOT Analysis6. Global Radiation Dose Management Market
4. Market Dynamic
7. Market Share
8. By Product & Services
9. By Modality
10. By End User
11. By Country
12. Key Players Analysis
Companies Mentioned
- Bayer AG
- Koninklijke Philips N.V.
- Thermo fisher Scientific Inc
- Mckesson Corporation
- Cerner Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 170 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 0.33 Billion |
| Forecasted Market Value ( USD | $ 1 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
