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How Will the CAGR of the Radiation Dose Management Market Influence Its Overall Growth by 2034?

The market size for radiation dose management has experienced swift expansion in the past few years. The projected growth from 2024’s $0.85 billion to $1.02 billion in 2025, aligns with a considerable compound annual growth rate (CAGR) of 19.7%. The impressive growth during the historical period is a result of heightened understanding of radiation dangers, regulatory prerequisites and standards, a surge in diagnostic imaging procedures, initiatives from healthcare providers, as well as progressive advancements in imaging technologies.

It is anticipated that the radiation dose management market will experience a significant expansion in the coming years, with its worth expected to reach $2.06 billion in 2029, reflecting a compound annual growth rate (CAGR) of 19.3%. The growth during the projected period is ascribed to the proliferation of cloud-based solutions, heightened cognizance around patient safety, rising adoption of artificial intelligence, an augmenting number of diagnostic centers, and the increasing merger of cutting-edge imaging modes. Predominant trends in the projected period encompass technological progress, product revolutions, novel and improved radiation dose regulation devices, the inclusion of artificial intelligence, and the amalgamation of the Internet of Things (IoT).

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Radiation Dose Management Market?

The surge in cancer incidences is projected to drive the expansion of the radiation dose management market. Cancer encompasses a variety of illnesses characterized by unrestricted development and propagation of anomalous cells in the body that may develop a lump or mass recognized as a tumor. The escalation in cancer cases can be attributed to numerous complex and interconnected factors like family heritage, lifestyle choices, genetic aspects, environmental exposure, and the ageing demographic. Radiation dose management solutions play a crucial role in cancer care by providing precise diagnosis and efficient treatment and mitigating the risks of radiation exposure. For instance, the World Health Organization (WHO), a Switzerland-based intergovernmental body, predicted in February 2024 that new cancer cases are likely to surpass 35 million by 2050, marking a 77% escalation compared to the anticipated 20 million cases in 2022. Hence, the burgeoning number of cancer cases is catalyzing the growth of the radiation dose management market.

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Who Are the Leading Companies Pioneering Change in the Radiation Dose Management Market?

Major companies operating in the radiation dose management market are:

• INFINITT Healthcare Co. Ltd.

• Bayer AG

• Thermo Fisher Scientific Inc.

• Canon Inc.

• Siemens Healthcare

What Are the Most Significant Trends Transforming the Radiation Dose Management Market Today?

Major firms in the radiation dose management industry are coming up with advanced technologies like personal electronic dosimeters in order to maintain their market dominance. These portable gadgets are small in size and offer immediate information regarding the type and dose of radiation exposure during a working period to those who respond. For example, Tracerco, a UK-based company that specialises in diagnostic and measurement solutions, as well as providing scanning and radiation protection services, launched the PED2 range of dosimeters in March 2022. This is an upgraded version of a personal electronic dosimeter with a unique detection technology purposed to enhance radiological safety performance for users. The PED2 is backed by DoseVision2, a sturdy cloud-based radiation dosimetry management software platform designed to assist in maintaining efficient dose records for compliance purposes. It further simplifies device configuration and management.

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Which Market Segments Are Driving Strategic Growth and Trends in the Radiation Dose Management Market?

The radiation dose management market covered in this report is segmented –

1) By Component: Software, Services

2) By Modality: Computed Tomography, Fluoroscopy And Interventional Imaging, Radiography And Mammography, Nuclear Medicine

3) By Application: Oncology, Cardiology, Orthopedic Applications, Other Applications

4) By End-User: Hospitals, Ambulatory Care Setting, Other End-Users

Subsegments:

1) By Software: Dose Monitoring Software, Dose Calculation Software, Reporting And Analytics Software

2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services

Which Regions Are Leading the Charge in Radiation Dose Management Market Development?

North America was the largest region in the radiation dose management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiation dose management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Definition of the Radiation Dose Management Market Impacting Future Growth?

Radiation dose management refers to the systematic approach used to monitor, optimize, and control the amount of radiation exposure received by patients, healthcare providers, and other individuals during medical imaging procedures, such as X-rays, computed tomography (CT), fluoroscopy, and nuclear medicine scans. Radiation dose management aims to ensure that diagnostic images are acquired with the lowest possible radiation dose while maintaining image quality sufficient for accurate diagnosis.

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