The growth in Radiation Dose Management market is attributed to the increasing use of medical imaging modalities due to the rising incidence of chronic diseases, increasing concerns over radiation dose exposure, growth in the installed base of radiology equipment, and growing awareness on radiation dose management.
[226 Pages Report] The global radiation dose management market size is projected to reach USD 423 million by 2025 from USD 220.22 million in 2020, at a CAGR of 13.9% during the forecast period.
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Report Scope and Market Segmentation:
Report Metric | Details |
Market Size Available for Years | 2019–2026 |
Base Year Considered | 2020 |
Forecast Period | 2022–2026 |
Forecast Units | Value (USD Billion) |
Segments Covered | Products services, modality, applications, end user and region |
Geographies Covered | North America, Europe, APAC, LATAM, and MEA |
Companies Covered | Bayer AG (Germany), GE Healthcare (US), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Canon Inc. (Japan), PACSHealth, LLC (US), Sectra AB (Sweden), Bracco Imaging S.p.A. (Italy), Qaelum N.V. (Belgium), Agfa Healthcare (Belgium), Novarad Corporation (US), Medic Vision (US), Volpara Solutions Inc. (US), Guerbet (France), Medsquare (France), Medic Vision (US)) and INFINITT Healthcare Co. Ltd. (South Korea). |
Radiation dose management solutions accounted for the larger share of the radiation dose management market
On the basis of product service, the radiation dose management market is segmented into radiation dose management solutions and radiation dose management services. the radiation dose management solutions segment accounted for the larger share of the radiation dose management market.
By application, the oncology segment accounted for the largest market share
Based on application, the radiation dose management market is segmented into oncology, cardiology, orthopaedic application and other application. The oncology segment accounted for the largest market share. The rising prevalence of cancer, the need for advanced diagnostic technologies has increased.
Hospitals are the largest end users of the radiation dose management market
Based on end users, the radiation dose management market is segmented into hospitals, ambulatory care settings, and other end users. The hospitals segment accounted for the largest market share
North America dominates the global radiation dose management market
North America accounted for the largest share of the radiation dose management market. The large share of North America can be attributed to factors such as the stringent legislative and accreditation requirements regarding the reporting and optimization of radiation doses, high adoption of HCIT technologies, and the presence of stringent regulatory requirements regarding patient safety.
Bayer AG (Germany)
Bayer AG (US) held the leading position in the radiation dose management market in 2019. The company provides its radiation dose management solutions (radimetrics) through its Consumer Health business segment. The company entered this market by acquiring Radimetrics (Canada) in November 2012. The company is a well-established brand and has been present in the market for nearly a decade, which gives it a competitive edge over other players.
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