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What fueled the previous growth in the radiation dose management market?

The market size of radiation dose management has seen a swift expansion of late. The growth will escalate from $0.85 billion in 2024 to $1.02 billion in 2025, boasting a compound annual growth rate (CAGR) of 19.7%. The historical period growth owes its acceleration to factors such as enhanced consciousness about radiation hazards, rules and standards set by regulatory bodies, a rise in diagnostic imaging processes, initiatives of healthcare providers, and the surge in advancements in imaging technologies.

What will be the radiation dose management market size in the future?

The radiation dose management market size is expected to see rapid growth in the next few years. It will grow to $2.06 billion in 2029 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to the expansion of cloud-based solutions, rising awareness of patient safety, rising incorporation of artificial intelligence (AI), increasing number of diagnostic centers, and growing integration of advanced imaging modalities. Major trends in the forecast period include technological advancements, product innovations, advanced radiation dose-managing devices, integration of artificial intelligence (AI), and integration of the Internet of Things (IoT).

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What main drivers are fueling expansion in the radiation dose management market?

The upward trend in cancer cases is projected to promote the expansion of the radiation dose management market. Characterized by uncontrolled and abnormal cell growth that can lead to the formation of a tumor, cancer, and its increasing cases, stem from an intricate mix of reasons. These include family history, lifestyle choices, genetic predispositions, environmental factors, and the aging population. Radiation dose management systems are employed in cancer treatment to ensure precision in diagnosis and treatment while reducing the risks tied to radiation exposure. The World Health Organization (WHO), a Switzerland-based intergovernmental agency, stated in February 2024 that the number of new cancer cases is anticipated to surpass 35 million by 2050. This indicates a substantial 77% increase from the projected 20 million cases in 2022. Thus, the rise in cancer cases is a crucial factor propelling the development of the radiation dose management market.

What key areas define the segmentation of the global 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

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What are the top market players propelling the growth of the radiation dose management industry?

Major companies operating in the radiation dose management market are INFINITT Healthcare Co. Ltd., Bayer AG, Thermo Fisher Scientific Inc., Canon Inc., Siemens Healthcare, FUJIFILM Holdings Corporation, Philips Healthcare, GE Healthcare, Fortive Corporation, Mindray Medical International Limited, Sectra AB, Bracco Imaging S.P.A., Neusoft Medical Systems, United Imaging Healthcare, Agfa-Gevaert Group, Dedalus S.P.A, Guerbet, Mirion Technologies Inc., Landauer, Novarad Corporation, Volpara Health Limited, Medic Vision, PACSHealth LLC, Medsquare, Nanjing Perlove Medical Equipment Co. Ltd.

What key trends are currently impacting the radiation dose management market’s development?

Leading businesses within the radiation dose management market are pioneering novel technologies, including personal electronic dosimeters, to maintain their market dominance. Personal electronic dosimeters are compact, transportable gadgets that deliver immediate data about the type and dose of radiation exposure that responders receive during a session. For example, in March 2022, Tracerco, a UK-based firm specialising in diagnostic and measurement solutions and offering scanning and radiation protection services, introduced the PED2 series of dosimeters. These latest-generation personal electronic dosimeters use a unique detection technology to enhance radiological safety performance for clients. The PED2 is backed by DoseVision2, a sturdy cloud-based radiation dosimetry management software platform that aids in efficient dose record-keeping for regulatory compliance, as well as easy device configuration and management.

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What regions are dominating the radiation dose management market growth?

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.

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