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Radiation Dose Management Market, Size, Share, Global Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 170 Pages
  • August 2023
  • Region: Global
  • Renub Research
  • ID: 5521686

Radiation Dose Management Market was US$ 292.86 Million in 2022

Global radiation dose management market is expected to reach US$ 785.81 Million by 2030, according to the report. The goal of radiation dose management is to maintain radiation doses for patients undergoing medical imaging as low as reasonably achievable (ALARA), putting their safety first. This is essential for lowering the chance of cancer brought on by radiation exposure. Added patient safety, reduced costs, and greater diagnostic accuracy are all advantages. Choosing low-radiation modalities, maximizing imaging settings, and applying shielding are examples of implementation tactics. In addition to improving overall care during medical imaging, this method lowers the risk of cancer, increases diagnostic accuracy, lowers expenses, and improves patient safety.



Systems for dose management are employed for quality control, optimization, adherence to diagnostic reference levels, and patient exposure to ionization emissions. In compliance with regional and governmental regulations, dose management systems support the activities and responsibilities of radiation protection. They provide assistance to medical imaging specialists such as radiologists, doctors, and medical physics experts (MPE).

Between 2022 and 2030, the global radiation dose management market is anticipated to expand at a CAGR of 13.13%

Dosage optimization in pediatric radiology is challenging due to variations in body size and composition across different age groups. This is crucial, as children are more susceptible to the harmful effects of radiation. The National Cancer Institute reports that millions of CT scans are performed on children in the United States annually. However, most dosage data and trends are based on adult studies, leading to a growing trend of reducing radiation doses in pediatric imaging exams. In the United States, more than 80 Million computed tomography (CT) scans are performed each year, according to Harvard Medical School research. With procedures like CT angiography, colonography, and dual-energy and perfusion CT, these scanning techniques have had a significant impact on the field of medical diagnosis and therapy.

Excessive radiation exposure poses long-term health risks. Research by the National Institute of Health discovered that brain scan doses in the US were eight times higher than recommended limits. Concerns led the US FDA to recommend tailored protocols for manufacturers and imaging facilities. To enhance patient safety during CT scans, the FDA advises hospitals to establish dose adjustment standards, which are typically followed globally.

High-end CT systems are rapidly being used in the majority of hospitals and imaging facilities with innovative dose reduction technology. The burden of manual dose collection for CT conducted in a center is lessened by the dosage tracking software. This helps identify incorrect dose selection early on.So, the value of the global radiation dose management market was US$ 292.86 Million in 2022.

Radiation dose management solutions dominate the global market

Radiation Dose Management Solutions and Radiation Dose Management Services comprise the global radiation dose management market. The increasing use of medical imaging, driven by the rising incidence of chronic diseases and the availability of imaging modalities, exposes more patients to radiation. Simultaneously, growing awareness among patients and healthcare providers about the risks of radiation exposure creates a demand for solutions that minimize such risks. Moreover, healthcare providers are compelled to adopt radiation dose management solutions to comply with escalating regulatory requirements. Technological advancements have further improved the effectiveness and affordability of these solutions, contributing to their widespread adoption.

In the modality segment of the global radiation dose management market, computed tomography is anticipated to record the highest growth rate

By Modality, global radiation dose management is divided into Computed Tomography, fluoroscopy, interventional imaging, mammography, and Nuclear Medicine. Manufacturers integrate technology for accurate dose estimation in CT scans to mitigate radiation exposure. New CT equipment reduces doses using hardware and software. Bayer's Radimetric Enterprise Platform automates dose documentation with the MedradStellant CT injection system. Canon Medical Systems' Aquilion One/Genesis Edition CT captures the entire brain image with a low dose and reduced noise.

Nuclear medicine procedures utilize higher radiation doses due to the injection of radioactive isotopes. Managing radiation doses is crucial to minimizing cancer risks. The increasing use of nuclear medicine procedures, driven by new radiopharmaceuticals and awareness of their benefits, necessitates radiation dose management solutions to comply with regulatory requirements.

Hospitals lead the global radiation dose management market

Based on End-User, the global radiation dose management market is fragmented into hospitals, ambulatory care settings, and others. Hospitals require radiation dose management solutions due to their central role in medical imaging and the wide range of procedures they perform. Strict regulatory requirements for low radiation doses drive the adoption of these solutions. Hospitals have the resources to invest in and implement effective radiation dose management programs, including financial and human resources.

United States dominates the radiation dose management market due to stringent legislative and accreditation requirements for reporting and optimizing radiation doses

The United States, Canada, Germany, the United Kingdom, France, Italy, the Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, and the UAE are the countries comprising the global radiation dose management market. The Recommendations for the Early Detection of Cancer from the American Cancer Society state that women between the ages of 40 and 54 should start getting regular mammograms around age 45. The demand for radiation dose management solutions is influenced by the adoption of cutting-edge technologies, stringent government regulations, and an elevated awareness of radiation hazards. In order to preserve their leadership in the radiation dose management market, major market participants make significant investments in R&D and standardization.

China's growing healthcare industry and increased investment in medical facilities drive the demand for radiation dose management solutions. Rising public awareness of radiation hazards and government initiatives, such as national guidelines and programs, further promote adoption. With a large pool of skilled professionals and a competitive labor market, China is expected to experience rapid growth in the radiation dose management market.

Key Players

Thermo Fisher Scientific Inc., Koninklijke Philips N.V., Mckesson Corporation, Cerner Corporation, and Bayer AG are few of the leading businesses vying for customers in the global radiation dose management market. Global firms now hold a majority of the market share in the radiation dose management sector, which is relatively competitive. Few new competitors are concentrating on product innovation and are entering the market as a result of the growing technical improvements.

This latest report “Global Radiation Dose Management Market, Product & Services (Radiation Dose Management Solutions, and Radiation Dose Management Services), Modality (Computed Tomography, Fluoroscopy & Interventional Imaging, Mammography, and Nuclear Medicine), End-User (Hospitals, Ambulatory Care settings, and others), Countries (United States, Canada, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Australia, Saudi Arabia, UAE, Israel, and South Africa), Companies (Thermo Fisher Scientific Inc., Koninklijke Philips N.V., Mckesson Corporation, Cerner Corporation, and Bayer AG)” provides a detailed analysis of Global Radiation Dose Management Market.

Product & Services - Global Radiation Dose Management Market has been covered from 2 viewpoints:

1. Radiation Dose Management Solutions
2. Radiation Dose Management Services

Modality - Global Radiation Dose Management Market has been covered from 4 viewpoints:

1. Computed Tomography
2. Fluoroscopy & Interventional Imaging
3. Mammography
4. Nuclear Medicine

End-User - Global Radiation Dose Management Market has been covered from 3 viewpoints:

1. Hospitals
2. Ambulatory Care settings
3. Others

Countries - Global Radiation Dose Management Market has been covered from 23 viewpoints:

1. North America
1.1 United States
1.2 Canada
1.3 Mexico

2. Latin America
2.1 Argentina
2.2 Brazil
2.3 Colombia

3. Europe
3.1 Germany
3.2 United Kingdom
3.3 France
3.4 Italy
3.5 Netherlands
3.6 Spain

4. Asia Pacific
4.1 China
4.2 South Korea
4.3 Japan
4.4 India
4.5 Indonesia
4.6 Malaysia
4.7 Australia

5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 Israel
5.4 South Africa

Company Insights:

  • Overview
  • Recent Development
  • Sales Analysis

Company Analysis:

1. Thermo Fisher Scientific Inc.
2. Koninklijke Philips N.V.
3. Mckesson Corporation
4. Cerner Corporation
5. Bayer AG

Frequently Asked Questions about the Global Radiation Dose Management Market

What is the estimated value of the Global Radiation Dose Management Market?

The Global Radiation Dose Management Market was estimated to be valued at $292.86 Million in 2022.

What is the growth rate of the Global Radiation Dose Management Market?

The growth rate of the Global Radiation Dose Management Market is 13.1%, with an estimated value of $785.81 Million by 2030.

What is the forecasted size of the Global Radiation Dose Management Market?

The Global Radiation Dose Management Market is estimated to be worth $785.81 Million by 2030.

Who are the key companies in the Global Radiation Dose Management Market?

Key companies in the Global Radiation Dose Management Market include Thermo Fisher Scientific Inc., Koninklijke Philips N.V., Mckesson Corporation, Cerner Corporation and Bayer AG.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Radiation Dose Management Market
6. Market Share - Global Radiation Dose Management Market
6.1 By Product & Services
6.2 By Modality
6.3 By End-User
6.4 By Country
7. Product & Services - Global Radiation Dose Management Market
7.1 Radiation Dose Management Solutions
7.2 Radiation Dose Management Services
8. Modality - Global Radiation Dose Management Market
8.1 Computed Tomography
8.2 Fluoroscopy & Interventional Imaging
8.3 Mammography
8.4 Nuclear Medicine
9. End User - Global Radiation Dose Management Market
9.1 Hospitals
9.2 Ambulatory Care Settings
9.3 Others
10. Country - Global Radiation Dose Management Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Latin America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Colombia
10.3 Europe
10.3.1 Germany
10.3.2 United Kingdom
10.3.3 France
10.3.4 Italy
10.3.5 Netherlands
10.3.6 Spain
10.4 Asia Pacific
10.4.1 China
10.4.2 South Korea
10.4.3 Japan
10.4.4 India
10.4.5 Indonesia
10.4.6 Malaysia
10.4.7 Australia
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 Israel
10.5.4 South Africa
11. Porters Five Forces - Global Radiation Dose Management Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Radiation Dose Management Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Bayer AG
13.1.1 Overview
13.1.2 Recent Development
13.1.3 SWOT Analysis
13.1.4 Sales Analysis
13.2 Koninklijke Philips N.V.
13.2.1 Overview
13.2.2 Recent Development
13.2.3 SWOT Analysis
13.2.4 Sales Analysis
13.3 Thermo Fisher Scientific Inc
13.3.1 Overview
13.3.2 Recent Development
13.3.3 SWOT Analysis
13.3.4 Sales Analysis
13.4 Mckesson Corporation
13.4.1 Overview
13.4.2 Recent Development
13.4.3 SWOT Analysis
13.4.4 Sales Analysis
13.5 Cerner Corporation
13.5.1 Overview
13.5.2 Recent Development
13.5.3 SWOT Analysis
13.5.4 Sales Analysis
List of Figures
Figure 01: Global - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 02: Global - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 03: Product & Services - Radiation Dose Management Solutions Market (Million US$), 2018 - 2022
Figure 04: Product & Services - Forecast for Radiation Dose Management Solutions Market (Million US$), 2023 - 2030
Figure 05: Product & Services - Radiation Dose Management Services Market (Million US$), 2018 - 2022
Figure 06: Product & Services - Forecast for Radiation Dose Management Services Market (Million US$), 2023 - 2030
Figure 07: Modality - Computed Tomography Market (Million US$), 2018 - 2022
Figure 08: Modality - Forecast for Computed Tomography Market (Million US$), 2023 - 2030
Figure 09: Modality - Fluoroscopy & Interventional Imaging Market (Million US$), 2018 - 2022
Figure 10: Modality - Forecast for Fluoroscopy & Interventional Imaging Market (Million US$), 2023 - 2030
Figure 11: Modality - Mammography Market (Million US$), 2018 - 2022
Figure 12: Modality - Forecast for Mammography Market (Million US$), 2023 - 2030
Figure 13: Modality - Nuclear Medicine Market (Million US$), 2018 - 2022
Figure 14: Modality - Forecast for Nuclear Medicine Market (Million US$), 2023 - 2030
Figure 15: End User - Hospitals Market (Million US$), 2018 - 2022
Figure 16: End User - Forecast for Hospitals Market (Million US$), 2023 - 2030
Figure 17: End User - Ambulatory Care Settings Market (Million US$), 2018 - 2022
Figure 18: End User - Forecast for Ambulatory Care Settings Market (Million US$), 2023 - 2030
Figure 19: End User - Others Market (Million US$), 2018 - 2022
Figure 20: End User - Forecast for Others Market (Million US$), 2023 - 2030
Figure 21: United States - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 22: United States - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 23: Canada - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 24: Canada - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 25: Mexico - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 26: Mexico - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 27: Argentina - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 28: Argentina - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 29: Brazil - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 30: Brazil - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 31: Colombia - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 32: Colombia - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 33: Germany - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 34: Germany - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 35: United Kingdom - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 36: United Kingdom - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 37: France - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 38: France - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 39: Italy - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 40: Italy - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 41: Netherlands - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 42: Netherlands - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 43: Spain - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 44: Spain - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 45: China - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 46: China - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 47: South Korea - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 48: South Korea - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 49: Japan - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 50: Japan - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 51: India - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 52: India - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 53: Indonesia - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 54: Indonesia - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 55: Malaysia - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 56: Malaysia - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 57: Australia - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 58: Australia - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 59: Saudi Arabia - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 60: Saudi Arabia - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 61: UAE - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 62: UAE - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 63: Israel - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 64: Israel - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 65: South Africa - Radiation Dose Management Market (Million US$), 2018 - 2022
Figure 66: South Africa - Forecast for Radiation Dose Management Market (Million US$), 2023 - 2030
Figure 67: Bayer AG - Global Revenue (Billion US$), 2018 - 2022
Figure 68: Bayer AG - Forecast for Global Revenue (Billion US$), 2023 - 2030
Figure 69: Koninklijke Philips N.V. - Global Revenue (Billion US$), 2018 - 2022
Figure 70: Koninklijke Philips N.V. - Forecast for Global Revenue (Billion US$), 2023 - 2030
Figure 71: Thermo Fisher Scientific Inc - Global Revenue (Billion US$), 2018 - 2022
Figure 72: Thermo Fisher Scientific Inc - Forecast for Global Revenue (Billion US$), 2023 - 2030
Figure 73: Mckesson Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 74: Mckesson Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2030
Figure 75: Cerner Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 76: Cerner Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2030
List of Tables
Table 01: Global - Radiation Dose Management Market Share by Product & Services (Percent), 2018 - 2022
Table 02: Global - Forecast for Radiation Dose Management Market Share by Product & Services (Percent), 2023 - 2030
Table 03: Global - Radiation Dose Management Market Share by Modality (Percent), 2018 - 2022
Table 04: Global - Forecast for Radiation Dose Management Market Share by Modality (Percent), 2023 - 2030
Table 05: Global - Radiation Dose Management Market Share by End-User (Percent), 2018 - 2022
Table 06: Global - Forecast for Radiation Dose Management Market Share by End-User (Percent), 2023 - 2030
Table 05: Global - Radiation Dose Management Market Share by Country (Percent), 2018 - 2022
Table 06: Global - Forecast for Radiation Dose Management Market Share by Country (Percent), 2023 - 2030

Companies Mentioned

  • Thermo Fisher Scientific Inc.
  • Koninklijke Philips N.V.
  • Mckesson Corporation
  • Cerner Corporation
  • Bayer AG

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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