Wilmington, Delaware, United States, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The radiation dose management industry was worth US$ 237.8 million in 2022. The market is expected to reach US$ 808.4 million by 2031. The radiation dose management market is expected to reach a CAGR of 14.8% during the forecast period. AI and machine learning could enhance the functionality of radiation dose management systems. AI algorithms in order to identify and predict future risks associated with their practice analyze a physician’s medical history and individual characteristics.
Healthcare professionals may receive immediate feedback about medical imaging doses during future systems. Patients can receive necessary diagnostic information with the least amount of radiation exposure by adjusting imaging protocols on the spot. Radiation dose management may continue to be shaped significantly by regulatory bodies. Patient safety may be improved through the introduction of stricter guidelines and requirements.
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Key Findings of the Market Report
- Software solutions are expected to drive demand for the radiation dose management market.
- Based on modality, demand for radiography and mammography segments will drive demand for the market in the years ahead.
- In terms of application, the oncology segment is projected to lead the market by 2031.
- Hospitals are likely to see a high demand for the radiation dose management market.
Global Radiation Dose Management Market: Key Players
Medical and diagnostic organizations collaborate with radiation dose management companies to provide patients with high-quality care and accurate diagnoses. As market players attempt to consolidate their positions in the global market, they are revising their marketing strategies.
- Landauer
- Agfa-Gevaert Group
- Sectra AB
- INFINITT Healthcare Co. Ltd.
- Bayer AG
- PACSHealth LLC
- Koninklijke Philips N.V.
- GE Healthcare
- Thermo Fisher Scientific Inc.
- Medsquare SAS
- Siemens
- Fujifilm Holdings Corporation
- QAELUM NV
Global Radiation Dose Management Market: Growth Drivers
- Radiation dose management solutions are in greater demand as medical imaging techniques like X-rays, CT scans, and nuclear medicine gain popularity. Monitoring and managing doses become increasingly important as these diagnostic tools become more prevalent.
- Radiation safety for patients and healthcare professionals has increased awareness among healthcare providers and regulatory bodies. Radiation dose management solutions have been adopted in response to this awareness to minimize exposure to radiation during diagnostic procedures.
- Adopting radiation dose management solutions has been largely driven by strict regulations and guidelines regarding radiation exposure and patient safety. Regulatory compliance requires hospitals to implement systems for monitoring and managing doses.
- Several technological advances have resulted in more advanced solutions for monitoring and managing radiation doses. Integrating these systems with EHRs, AI, and analytics makes them more appealing to healthcare providers.
- A rise in chronic diseases contributes to the growth of the radiation dose management market by increasing the need for diagnostic imaging procedures. The need for effective dose management strategies is often required when dealing with conditions such as cancer.
- The shift towards patient-centric healthcare has made it essential to minimize radiation exposure and ensure the accuracy of diagnosis. In adopting radiation dose management solutions, healthcare providers seek to optimize imaging protocols and reduce the amount of unnecessary radiation exposure to their patients.
- The rising global healthcare budgets make it easier for healthcare facilities to invest in advanced technologies, such as radiation dose management. As a result, hospitals and diagnostic imaging centers can adopt these systems.
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Global Radiation Dose Management Market: Regional Landscape
- Radiation dose management is expected to dominate the market in North America. A strict set of regulations governs radiation safety and dose management in North America, particularly in the United States. Government agencies like the U.S. Food and Drug Administration (FDA) set standards and guidelines for radiation dose monitoring. Solutions for dose management are adopted in response to these regulations.
- Advanced imaging technologies like computed tomography scans and interventional radiology, require greater radiation dose management. As medical imaging advances, radiation exposure becomes more important for diagnostic and interventional procedures. Technological advancements are a strong focus on the market in North America.
- Many healthcare IT systems are being integrated into radiation dose management solutions, including picture archiving and communication systems (PACSs), electronic health records (EHRs), and other health information technology systems. As a result, the monitoring and management of doses are more efficient.
- Diagnostic imaging procedures are used more frequently in North America due to the prevalence of chronic diseases, such as cancer. Radiation dose management solutions are therefore being offered to healthcare facilities to minimize radiation exposure without compromising patient safety.
Global Radiation Dose Management Market: Segmentation
By Product and Services
- Software
- Integrated Solution
- Standalone Solution
- Services
By Modality
- Computed Tomography
- Radiography and Mammography
- Fluoroscopy and Interventional Imaging
- Nuclear Medicine Scan
- Others
By Application
- Oncology
- Cardiology
- Orthopedic
- Others
By End User
- Hospitals
- Ambulatory Care Settings
- Research Organizations
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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