Global Radiation Dose Management Market to Reach US$ 896.3 Million by 2032, Propelled by Rising Use of Diagnostic Imaging Modalities

IMARC Group's latest report, titled "Radiation Dose Management Market by Component (Software, Services), Modality (Computed Tomography, Fluoroscopy and Interventional Imaging, Radiography and Mammography, Nuclear Medicine), Application (Oncology, Cardiology, Orthopedic Applications, and Others), End User (Hospitals, Ambulatory Care Setting, and Others), and Region 2024-2032," finds that the global radiation dose management market size reached US$ 307.2 Million in 2023. Radiation dose management is a medical approach that aims to optimize, regulate, or block radiation doses through various methods, such as computed tomography (CT) reduction technologies and the use of barriers. It involves a range of tools and information for monitoring patient exposure, optimizing dose management, ensuring quality assurance, and providing real-time staff dose monitoring. It is a valuable tool for radiographers, medical practitioners, medical physics experts (MPE), and other healthcare professionals involved in imaging. It helps prevent high radiation dose exposure to patients by facilitating data collection, processing, statistical comparisons, reporting, and management of radiation dose-related information. As a result, radiation dose management finds extensive applications in hospitals, imaging centers, and research institutes across the globe to estimate the required dose for a procedure. 

Global Radiation Dose Management Market Trends:

The rising use of diagnostic imaging modalities represents the primary factor driving the market growth. Moreover, radiation dose management plays a crucial role in collecting and consolidating the large amounts of dose data generated by imaging modalities automatically. In line with this, the widespread adoption of various imaging modalities, including ultrasound, magnetic resonance imaging (MRI), computer tomography (CT), positron emission tomography (PET), and X-ray imaging, is positively influencing the market growth. Additionally, the increasing use of radiation dose management for identifying, analyzing, and processing significant dose events and exporting dose data for reporting has catalyzed market growth. Besides this, the rising integration of artificial intelligence (AI) and the Internet of Things (IoT) technologies that provide real-time information on the radiation dose received by patients and improve safety is propelling market growth. Apart from this, the surging awareness about the benefits of radiation dose management, including the reduced burden of manual collection of doses for CT performed in a center and the early detection of wrong dose selection, is another major growth-inducing factor. Furthermore, the implementation of favorable government initiatives to encourage dose management systems is contributing to market growth. Other factors, including ongoing extensive research and development (R&D) activities, increasing incidences of chronic diseases, rapid expansion in the healthcare industry, and inflating consumer disposable incomes, are also anticipated to create a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 896.3 Million by 2032, expanding at a CAGR of 12.3% during 2024-2032. 

Market Summary:

• Based on the component, the market is bifurcated into software (integrated and standalone solutions) and services. Currently, software dominates the market, holding the largest market share.
• On the basis of the modality, the market is divided into computed tomography, fluoroscopy and interventional imaging, radiography and mammography, and nuclear medicine. Amongst these, computed tomography accounts for the majority of the market share.
• The market has been segmented based on the application into oncology, cardiology, orthopedic applications, and others. At present, oncology represents the largest market segment.
• On the basis of the end user, the market has been divided into hospitals, ambulatory care settings, and others. Currently, hospitals exhibit a clear dominance in the market. 
• Region-wise, North America (the United States and Canada) holds the leading position in the market. Other major regions include Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
• The competitive landscape of the market has also been examined, with some of the key players being Bayer Pharmaceuticals (Bayer AG), General Electric Company, INFINITT Healthcare Co. Ltd., Koninklijke Philips N.V., Medsquare, Novarad Corporation, PACSHealth LLC, Qaelum, Sectra AB, Siemens Healthcare Private Limited (Siemens AG), Volpara Health Limited, etc.

Report Scope:

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