Radiation Dose Management Market

Report ID : 1427 | Published : 2022-10-29 | Pages: 177 | Format: PDF/EXCEL

The market size of the global radiation dose management market in the year 2021 is valued at 229.80 million and is predicted to reach 743.37 million by the year 2030 at an 14.27% CAGR during the forecast period.

The effect of radiation on the skin is referred to as "radiation dosage," depending on exposure, skin sensitivity, and radiation intensity. The management of radiation dosage components includes real-time staff dose monitoring, radiation dose tracking software knowledge, technology to reduce exposure, and regulatory compliance. For instance, scintigraphy is a method that aids in administering low-dose radiation while producing high-quality images of diagnosis, calculating and documenting the dose level, managing patient data, and sharing with regulatory authorities. The major factors driving the radiation dose management market are the increasing demand for patient safety and improved healthcare services, the increase in dose management campaigns around the world with the goal of patient safety, and the growth in awareness regarding radiation safety among patients, physicians, and technicians. The prevalence and danger of chronic diseases are rising, as are patient understanding of the effects of prolonged radiation exposure and the growing uptake of electronic health records, all of which is accelerating the expansion of the radiation dose management market.

Additionally, the market for radiation dose management benefits from rising healthcare awareness and spending. The rise in pediatric operations and growing interest in nuclear medicine and interventional radiology create lucrative opportunities for the players in the radiation dose management market during the anticipated decade. On the other hand, inadequate financing and a lack of benchmarks for dose optimization are the main factors anticipated to restrain the growth of the radiation dose management market.

 

Market Segmentation:

The radiation dose management market is segmented by product, component and application. Based on product, the market is segmented into dosimeters and area process monitors. Based on the component, the market is segmented into software and services. Based on the application, the market is segmented into radiography, angiography, mammography, fluoroscopy, and interventional imaging.

Based on product, the dosimeters category is accounted as a significant contributor to the radiation dose management market.

The dosimeter category dominated the market in 2021. The growing use of dosimeters in the medical industry due to the rise in cancer cases worldwide is a significant element influencing segment revenue growth. As radioactive materials are used more often in various sectors, such as different industrial processes, power production, medical imaging, medical research, and the defence industry, there is a growing need for dependable equipment that shields against radioactive radiation. As the number of imaging devices rises, so will the hospital staff's exposure to radiation. Dosimeters will unavoidably become more necessary as the requirement for radiation protection for hospital staff members grows.

The software category witnessed growth at a rapid rate.

The software category dominated the market in 2021 because the software for monitoring dose management is becoming more widely used. Due to its ability to promote protocol modification, reduce risky behaviours, and facilitate systematic dose performance control, dosage monitoring software is crucial to radiologic quality management. Dosimetric data can currently be automatically retrieved, stored, and evaluated using software solutions. Most of these IT resources are web-based and may be installed on hospital networks so that all authorized users can access them.

The North American radiation dose management market holds a significant regional revenue share.

The North American radiation dose management market is expected to register the highest market share in revenue soon. Major factors influencing market revenue growth include significant investments in healthcare infrastructure and increased adoption of cutting-edge technologies in the medical sector. Increasing automation in the medical sector is also a significant element boosting market revenue growth. Governments in various nations have started several awareness campaigns about the disease's early detection and diagnosis. This is yet another essential element that supports the ongoing expansion of market revenue. Due to the abundance of qualified healthcare professionals in the U.S., this market generated the most significant revenue share. In addition, Asia Pacific is projected to proliferate in the global radiation dose management market. An important driver boosting market revenue growth in this region is substantial investments in healthcare infrastructure. Medical imaging diagnoses are also being used in healthcare institutions in China, India, and other nations because of their many advantages. This substantially boosts market revenue growth. Breast cancer, deep vein thrombosis, coronary heart disease, and other medical conditions can all be diagnosed using medical imaging technologies like X-rays, mammography, computed tomography, and fluoroscopy. Japan's market captured the most significant revenue share because of its robust economic situation.

Competitive Landscape

Key players in the radiation dose management market are Bayer AG, General Electric Company, Koninklijke Philips N.V., Siemens Healthcare GmbH, FUJIFILM Holdings Corporation, Sectra AB, Medic Vision, Agfa-Gevaert Group, Novarad and Guerbet.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Radiation Dose Management Market Snapshot

Chapter 4. Global Radiation Dose Management Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Dosimeters

5.2.2. Area Process Monitors

Chapter 6. Market Segmentation 2: by Component Estimates & Trend Analysis

6.1. by Component & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Component:

6.2.1. Software

6.2.2. Services

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis

7.1. by Application & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

7.2.1. Radiography

7.2.2. Angiography

7.2.3. Mammography

7.2.4. Fluoroscopy and Interventional Imaging

Chapter 8. Radiation Dose Management Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

8.1.2. North America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Component, 2019-2030

8.1.3. North America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

8.1.4. North America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

8.2. Europe

8.2.1. Europe Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

8.2.2. Europe Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Component, 2019-2030

8.2.3. Europe Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

8.2.4. Europe Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

8.3.2. Asia Pacific Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Component, 2019-2030

8.3.3. Asia Pacific Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

8.3.4. Asia Pacific Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

8.4. Latin America

8.4.1. Latin America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

8.4.2. Latin America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Component, 2019-2030

8.4.3. Latin America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

8.4.4. Latin America Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

8.5.2. Middle East & Africa Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Component, 2019-2030

8.5.3. Middle East & Africa Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2030

8.5.4. Middle East & Africa Radiation Dose Management Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Bayer AG

9.2.2. General Electric Company

9.2.3. Koninklijke Philips N.V.

9.2.4. Siemens Healthcare GmbH

9.2.5. FUJIFILM Holdings Corporation

9.2.6. Sectra AB

9.2.7. Medic Vision

9.2.8. Agfa-Gevaert Group

9.2.9. Novarad

9.2.10. Guerbet

9.2.11. Other Prominent Players

Segmentation of Radiation Dose Management Market-

By Product-

  • Dosimeters
  • Area Process Monitors

By Component-

  • Software
  • Services

By Application-

  • Radiography
  • Angiography
  • Mammography
  • Fluoroscopy and Interventional Imaging

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

 

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