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?

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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?

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37% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for radiation dose management solutions in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions. 

The advanced healthcare infrastructure in the region, the presence of established vendors, and the increased adoption of technologically advanced radiation dose management solutions will facilitate the radiation dose management solution market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Solution Segments in the Radiation Dose Management Solution Market?

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The radiation dose management solution market share growth by the services segment will be significant during the forecast period. The services segment is expected to grow steadily. This is mainly attributed to the increasing adoption of radiation dose management solutions.

This report provides an accurate prediction of the contribution of all the segments to the growth of the radiation dose management market size and actionable market insights on post COVID-19 impact on each segment.

 

Radiation Dose Management Solution Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 11.96%
Market growth 2021-2025	$ 166.06 million
Market structure	Fragmented
YoY growth (%)	10.90
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 37%
Key consumer countries	US, China, Germany, Japan, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bayer AG, Bracco Spa, Canon Inc., Fortive Corp., FUJIFILM Holdings Corp., General Electric Co., Guerbet, Koninklijke Philips NV, PACSHealth LLC, and Sectra AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Radiation Dose Management Solution Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive radiation dose management solution market growth during the next five years
• Precise estimation of the radiation dose management solution market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the radiation dose management industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of radiation dose management market vendors

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