Global Radiation Dose Management Market: Analysis and Forecast, 2021-2030

Jan 2021| BIS238B| BIS Research

Report Highlights

The radiation dose management market is projected to reach $567.3 million by 2030, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 10.96% between 2021 and 2030.

The comprehensive study of the radiation dose management market by BIS Research extensively covers the following:

  • Market numbers on application, and end-user segment and respective sub-divisions that are influencing the market
  • More than 20 products present in the market
  • Market share analysis for radiation dose management market and its product segments
  • Detailed global and regional market share analysis, including the scrutiny of 15 countries

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and COVID-19 impact on the market.

BIS Research study indicates that growing geriatric population, increasing installed bases of radiology equipment and number of scans, increasing prevalence of chronic and lifestyle associated diseases, increasing regulatory requirements for diagnostic devices, increasing concern related to radiation exposure, and growing awareness and initiatives for radiation dose management are fueling the growth of the market.

The market intelligence by BIS Research additionally throws a spotlight on the regulatory landscape, patent scenario, and the reimbursement landscape in the radiation dose management treatments.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, end user, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.

The types of product segments of the global market include pricing analysis and COVID-19 impact of the radiation dose management market.

To emphasize the impact of COVID-19 on the radiation dose management market, Swati Sood, Lead Analyst– BIS Research, states, "In the pre-COVID scenario, the market was expected to grow at a CAGR of 10.96% during the forecast period. The COVID-19 pandemic has resulted in a significant decline in the secondary procedures. However, the sale of the radiation dose management systems has decreased in 2020. The main reason for this is the decrease in secondary procedures.”

Key insights are drawn from in-depth interviews with the key opinion leaders of leading companies, market participants, and vendors. The key players profiled in the report include Agfa-Gevaert Group, Bayer AG, Bracco, Canon Inc., Fujifilm Holdings Corporation, Guerbet Group, General Electric Company, Imalogix, Infinitt Healthcare Co., ltd., Koninklijke Philips N.V., Medic Vision Imaging Solutions Ltd., Medsquare, MyXrayDose Ltd., Novarad Coroporation, PACSHealth, LLC, Qaelum NV, Sectra AB, SST Group Inc., Siemens Healthineers, Inc., and Virtual Phantom, Inc.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market.

Who should buy this report?

  • Radiation dose management manufacturers (emerging and established) to gain a holistic view about the market potential of various devices and software and the developing economies for business expansions
  • Healthcare companies keen on expanding their product portfolio into radiation dose management specialties

How market intelligence on radiation dose management can add value to an organization’s decision-making process

  • Aid in product development
  • Help in targeting a segment for launching a new product
  • Offer to go to market strategies for the different source type
  • Support in diversifying the product portfolio for radiation dose management devices
  • Aid in understanding the end-user requirement
  • Support in analyzing the market opportunities

Insightful Questions Covered to Enable Companies to take Strategic Decisions

  • How has COVID-19 impacted the global radiation dose management market?
  • What are the key regulations for the development, commercialization, and adoption of radiation dose management?
  • How does the pricing of the radiation dose software impact the overall market growth?
  • Which are the leading players that currently hold significant dominance in the global radiation dose management market?
  • What are the key strategies incorporated by the players of the global radiation dose management market to sustain the competition and retain their supremacy?
  • What is the patent landscape of the radiation dose management market for different modalities?
  • What is the current annual demand for different radiation dose management modalities, end user, and mode of deployment across different regions? What is their growth potential over the forecast period (2021-2030)?
  • What is the current market potential of radiation dose management, and what are the factors deciding the growth potential of radiation dose management for the forecast period?
  • What is the current revenue contribution of different modalities, and how would it evolve in the forecast period?
  • What are the various types of radiation dose management products available in the market? How many units of products have been installed in 2017, 2018, and 2019, respectively?
  • Which mode of deployment contributes to the highest CAGR (%) in the global radiation dose management market?
  • How does the end-user perception impact the growth of the global radiation dose management market?
  • Which countries contribute to a major share of the current demand, and which countries hold significant scope for expansion for business activities by players of the global radiation dose management market?

Market Report Coverage - Radiation Dose Management

Market Segmentation

  • Modality-CT Scanners, X-Ray, CR and DR, Mammography System, Interventional Angiography Systems/Angio CT, Fluoroscopy systems, PET scanners and SPECT, and Hybrid Imaging.
  • Mode of Deployment- Web-Based, On-Premises, and Cloud-Based
  • Products- Radimetrics Enterprise Platform, DoseWatch, Teamplay Dose, Nexo [Dose], tqm/Dose and DoseMonitor, Radiation Dose Monitor, Imalogix Platform, Syncro-Dose, NovaDose, DoseWIse Portal, SafeCT, MYXrayDose, DoseM, Dose Tracking System and DoseTrack
  • End-User- Hospital, Diagnostic Centers and others

Regional Segmentation

  • North America – U.S., Canada
  • Europe – Germany, U.K., France, Italy, Spain, Netherlands, Russia and Rest-of-Europe
  • Asia-Pacific – Japan, China, India, South Korea, Australia and New Zealand, and Rest-of-Asia-Pacific
  • Latin America-Brazil, Mexico, and Rest-of-Latin America
  • Rest-of-the-World - Middle East, and Africa

Growth Drivers

  • Growing geriatric population
  • Increasing installed bases of radiology equipment and number of scans
  • Increasing prevalence of chronic and lifestyle associated diseases
  • Increasing regulatory requirements for diagnostic devices
  • Increasing concern related to radiation exposure
  • Growing awareness and initiatives for radiation dose management

Market Challenges

  • Lack of skilled and trained professionals
  • Lack of benchmarking of dose optimization
  • High cost associated with radiation dose management system

Market Opportunities

  • Technological advancements in medical imaging
  • Impact of cloud-based solutions
  • Regulatory focus on pediatric procedures
  • Regional expansion and increasing adoption of radiation dose management software in emerging economies

Key Companies Profiled

Agfa-Gevaert Group, Bayer AG, Bracco, Canon Inc., Fujifilm Holdings Corporation, Guerbet Group, General Electric Company, Imalogix, Infinitt Healthcare Co., ltd., Koninklijke Philips N.V., Medic Vision Imaging Solutions Ltd., Medsquare, MyXrayDose Ltd., Novarad Coroporation, PACSHealth, LLC, Qaelum NV, Sectra AB, SST Group Inc., Siemens Healthineers, Inc., and Virtual Phantom, Inc.

Key Questions Answered in this Report:

  • How has COVID-19 impacted the global radiation dose management market?
  • What are the key regulations for the development, commercialization, and adoption of radiation dose management?
  • How does the pricing of the radiation dose software impact the overall market growth?
  • Which are the leading players that currently hold significant dominance in the global radiation dose management market?
  • What are the key strategies incorporated by the players of the global radiation dose management market to sustain the competition and retain their supremacy?
  • What is the patent landscape of the radiation dose management market for different modalities?
  • What is the current annual demand for different radiation dose management modalities, end user, and mode of deployment across different regions? What is their growth potential over the forecast period (2021-2030)?
  • What is the current market potential of radiation dose management, and what are the factors deciding the growth potential of radiation dose management for the forecast period?
  • What is the current revenue contribution of different modalities, and how would it evolve in the forecast period?
  • What are the various types of radiation dose management products available in the market? How many units of products have been installed in 2017, 2018, and 2019, respectively?
  • Which mode of deployment contributes to the highest CAGR (%) in the global radiation dose management market?
  • How does the end-user perception impact the growth of the global radiation dose management market?
  • Which countries contribute to a major share of the current demand, and which countries hold significant scope for expansion for business activities by players of the global radiation dose management market?

Market Overview

The radiation dose management market is witnessing a significant increase in the market size due to the ongoing COVID-19 pandemic. The overall market was estimated to be $231.1 million in FY2019, and it is expected to grow at a CAGR of 10.96% during the forecast period, 2021-2030. Presently, more than 21 companies are operating in this market, including already existing and emerging medical device companies.

Healthcare experts at BIS are continuously analyzing the impact of industrial and regulatory decisions on the radiation dose management market. The market is driven by certain factors such as growing geriatric population, increasing installed bases of radiology equipment and number of scans, increasing prevalence of chronic and lifestyle associated diseases, increasing regulatory requirements for diagnostic devices, increasing concern related to radiation exposure, and growing awareness and initiatives for radiation dose management.

Within the research report, the market is segmented based on product type, patient age, end-user, and regional analysis. Each of these segments covers the market’s snapshot over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

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