Radiation Dose Management Solution Market by Solution and Geography - Forecast and Analysis 2021-2025

The radiation dose management solution market share is expected to increase by USD 166.06 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 11.96%.

This radiation dose management solution market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers radiation dose management solution market segmentation by solution (services and products) and geography (North America, Europe, Asia, and ROW). The radiation dose management solution market report also offers information on several market vendors, including Bayer AG, Bracco Spa, Canon Inc., Fortive Corp., FUJIFILM Holdings Corp., General Electric Co., Guerbet, Koninklijke Philips NV, PACSHealth LLC, and Sectra AB among others.

What will the Radiation Dose Management Solution Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Radiation Dose Management Solution Market Size for the Forecast Period and Other Important Statistics

Radiation Dose Management Solution Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing adoption of medical imaging equipment is notably driving the radiation dose management market growth, although factors such as the high cost of healthcare technology solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the radiation dose management solution industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Radiation Dose Management Solution Market Driver

One of the key factors driving growth in the radiation dose management solution market is the increasing adoption of medical imaging equipment. The conduction of medical imaging examinations is steadily increasing owing to the rising prevalence of various diseases. Globally, ionizing radiation is used for imaging in more than 70 million diagnostic radiology procedures and 700,000 diagnostic NM procedures every week. There has also been a significant increase in the number of interventional radiological procedures. The increasing demand for medical imaging examinations has led to an increase in the demand for various medical imaging equipment. The growing trend of replacing legacy medical imaging systems with technologically advanced systems and the increasing focus on early diagnosis and prevention also drive the adoption of medical imaging equipment, which, in turn, will increase the demand for radiation dose management solutions

Key Radiation Dose Management Solution Market Challenge

The high cost of healthcare technology solutions will be a major challenge for the radiation dose management solution market during the forecast period. Depending on the study volume, the cost of a radiation dose monitoring software ranges between $15,000 and $20,000 per hospital per year. Vendors purchasing software such as DoseWise, offered by Koninklijke Philips, also need to incur costs on server fees. End-users also need to spend on additional staff to manage information governance and software compatibility arrangements for proper installation and use of these technologies. A significant portion of small- and mid-sized hospitals may not have adequate patient pools to justify the budgeting of radiation dose management software financially. This limits the growth of the global radiation dose management solution market.

This radiation dose management solution market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Radiation Dose Management Solution Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Bayer AG
• Bracco Spa
• Canon Inc.
• Fortive Corp.
• FUJIFILM Holdings Corp.
• General Electric Co.
• Guerbet
• Koninklijke Philips NV
• PACSHealth LLC
• Sectra AB

This statistical study of the radiation dose management solution market encompasses successful business strategies deployed by the key vendors. The radiation dose management market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The radiation dose management solution market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Radiation Dose Management Solution Market?