The recent report by MarkNtel Advisors mentioned that the Global Radiation Dose Management Market size is assessed to grow at a CAGR of around 13.4% during the forecast period, i.e., 2024-30. The demand for medical imaging devices has increased tremendously owing to the rise in chronic diseases like cancer, cardiovascular issues, and respiratory illnesses. Additionally, the demand for radiation dose management solutions that intend to decrease the contact of patients with radiation has also increased.
Moreover, the Radiation Dose Management Market is highly fueled by several additional aspects such as technological developments, amplified usage of interventional imaging & nuclear medicine, better approval of electronic health records, an increasing elderly population, greater healthcare expenses, and prominence on interventional radiology and nuclear medicine. With the increasing consciousness concerning the rising risks of ionizing radiation, healthcare providers embrace radiation dose management solutions to enhance exposure while safeguarding image quality, thus boosting the Global Radiation Dose Management Market growth in the latest years.
Breaking Down the Assorted Market Segmentation of the Global Radiation Dose Management Market
- By Component (Solutions (Standalone Solutions & Integrated Solutions) and Services (Support & Maintenance Services, Implementation & Integration Services, Consulting Services, and Education & Training Services)
- By Modality (Computed Tomography, Fluoroscopy & Interventional Imaging, Radiography, Mammography, and Others (MRI (Magnetic Resonance Imaging), Nuclear Medicine, etc.))
- By Revenue Model (Subscription-based Model and Pay-per-use Model)
- By Application (Diagnostic Imaging, Radiation Therapy, Interventional Procedures, Pediatric Imaging & Therapy, Oncology, Emergency Medicine, and Others (Chronic Disease Management, Research & Development, etc.))
- By End Users (Hospitals, Diagnostic Imaging Centers, Cancer Treatment Centers, Ambulatory Surgical Centers, and Others (Research Institutes, Government Agencies, etc.))
- By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)
The Hospitals segment is leading in the Global Radiation Dose Management Market. The segment’s growth is owed to the escalating cases of chronic disorders, and augmented adoption of radiology practices across hospitals leading to the rise in the use of radiation. With the growing utilization of radiation practices, hospitals are swiftly embracing radiation dose management solutions to cater to serious requirements like safeguarding the protection of patient, abiding by the regulatory standards, and enhancing workflow processes.
North America has stressed its supremacy in the Global Radiation Dose Management Market. The growth of North America region is fueled by the considerable investments in healthcare IT infrastructure and the extensive deployment of innovative radiation software solutions. The promising aspects of the region, such as the prominent existence of key industry companies and the occurrence of inventive startups, functioned as facilitators for the augmented implementation of radiation dose management solutions. Also, the region’s proactive regulatory environment and strict compliance regulations additionally strengthen the endorsement of radiation dose management solutions among healthcare providers.
Unveiling the Significant Market Players in the Global Radiation Dose Management Market
The leading market players in the Global Radiation Dose Management Market include Bayer AG, Bracco S.p.A., Koninklijke Philips N.V., GE HealthCare, Siemens Healthcare Private Limited, Sectra AB, Canon Medical Systems Corporation, Qaelum N.V., Agfa-Gevaert Group, Inc., Novarad Corporation, PACS Health LLC, Guerbet, INFINITT Healthcare Co Ltd., Medic Vision, Medsquare, and others. These market players are persistently using tactics and market strategies to retain their dominating stance in the market further boosting the overall market growth.
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