Radiation Dose Management Market Size Report, Industry Share, Analysis, Growth, 2030

Radiation Dose Management Industry Prospective:

The global radiation dose management market size was evaluated at $3.5 billion in 2022 and is slated to hit $7.77 billion by the end of 2030 with a CAGR of nearly 4.79% between 2023 and 2030.

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Radiation Dose Management Market: Overview

Radiation is the energy that is emitted as a wave or particle that comes from a source and travels through materials or spaces. Additionally, radiation dose is the amount of radiation energy absorbed by the body which is measured in a number of ways. Furthermore, effective dose, equivalent dose and absorbed dose are some of the forms of radiation dose. Moreover, radiation dose management is a standard that provides healthcare experts with additional equipment to regulate and optimize the dose in CT scans and other modalities. This radiation dose management plays an important role in lowering the exposure of patients undergoing imaging procedures to these harmful radiation doses.

Key Insights

• As per the analysis shared by our research analyst, the global radiation dose management market is projected to expand annually at the annual growth rate of around 4.79% over the forecast timespan (2023-2030)
• In terms of revenue, the global radiation dose management market size was evaluated at nearly $3.5 billion in 2022 and is expected to reach $7.77 billion by 2030.
• The global radiation dose management market is anticipated to grow rapidly over the forecast timeline owing to large-scale demand for CT scans, imaging methods, and fluoroscopy.
• In terms of modality, the computed tomography segment is slated to register the highest CAGR over the analysis period.
• Based on end-user, the hospitals segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific radiation dose management industry is projected to register the fastest CAGR during the assessment timeline.

Radiation Dose Management Market: Growth Factors

Growing demand for patient safety will drive the global market trends by 2030

Increasing necessity for patient protection & safety, stringent state & federal regulations, and obligations laid down for the healthcare providers are playing vital roles in the growth of this industry.  Rise in the cases of chronic ailments and growing awareness about the side effects caused due to over-exposure to radiation dose can proliferate the expansion of the market across the globe. Increase in the deployment of radiology devices will prompt the global market demand. Large-scale demand for CT scans, imaging methods, and fluoroscopy can spike the market elevation across the globe. New product launches will further influence the expansion of the market globally over the coming years. For instance, in the first half of 2018, Sectra AB introduced Gadolinium Tracking for expanding its radiation dose monitoring solution portfolio.

Radiation Dose Management Market: Restraints

Lack of fund allocation for radiation dose management activities will impede the global industry surge over 2023-2030

Insufficient funding in radiation dose management and lack of standard protocols are hindering the growth of the global radiation dose management industry across the globe.

Radiation Dose Management Market: Opportunities

Growing focus of industry players on use of nuclear medicine & radiology to open new growth opportunities for the global market

Surge in the focus of firms on practicing interventional radiology & nuclear medicine will offer new growth avenues for the radiation dose management market globally over the upcoming years.

Radiation Dose Management Market: Challenges

Lack of standard protocols over the use of radiation doses in various developing countries can obstruct the global industry expansion

Lack of radiation dose benchmarking for radiology methods by governments in emerging economies can pose a huge challenge for the global radiation dose management industry expansion in the years ahead.

Radiation Dose Management Market: Segmentation

The global radiation dose management market is sectored into product, application, and region.                

In modality terms, the global radiation dose management market is segregated into computed tomography, fluoroscopy & interventional imaging, radiography & mammography, and nuclear medicine segments. Furthermore, the computed tomography segment, which accrued nearly 60% of the global market revenue share in 2022, is projected to record the fastest CAGR in the years ahead. The growth of the segment in the assessment timeframe can be subject to an increase in the number of CT examinations across the globe.

Based on the end-user, the global radiation dose management industry is sectored into ambulatory care settings, hospitals, and other end-users segments. Moreover, the hospitals segment, which garnered a huge chunk of the global industry revenue share in 2022, is projected to lead the global industry over the analysis timespan. The segmental expansion over the assessment timeframe can be owing to rising awareness about the benefits of early diagnosis of ailment and technological advancements in imaging modalities.

Radiation Dose Management Market: Report Scope

Radiation Dose Management Market: Regional Insights

North America is anticipated to maintain global market domination over the expected timeline

North America, which contributed about half of the global radiation dose management market revenue in 2022, is likely to retain its market dominance over the projected timespan. Furthermore, the regional market growth can be due to strict laws as well as accreditation needs related to optimizing and reporting radiation doses along with large-scale acceptance of HCIT systems and string laws associated with patient safety.

Asia-Pacific radiation dose management industry is set to register the fastest CAGR in the upcoming years can be due to the presence of strong healthcare systems in the region. Moreover, the availability of advanced radiation dose-managing devices in countries such as India, South Korea, China, Japan, and Taiwan will further proliferate the growth of the industry in APAC. Moreover, the presence of key players in the region will further steer the regional industry trends.

Radiation Dose Management Market: Competitive Space

The global radiation dose management market profiles key players such as:

• Sectra Medical Systems
• Novarad Corporation
• PACSHealth LLC
• Bayer AG
• Fujifilm Holdings Corporation

The global radiation dose management market is segmented as follows:

By Modality

• Computed Tomography
• Fluoroscopy & Interventional Imaging
• Radiography & Mammography
• Nuclear Medicine

By End-User

• Hospitals
• Ambulatory Care Settings
• Other End-Users

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa