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Radiation Dose Management Market Dynamics, Key Findings, Opportunity Assessment & Forecast till 2030

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bisresearch reports
 Radiation Dose Management Market Dynamics, Key Findings, Opportunity Assessment & Forecast till 2030

According to BIS Research, the radiation dose is defined as the amount of radiation that will affect the skin. This depends on the time of exposure, the intensity of radiation, and skin sensitivity. 

The radiation dose management market is witnessing a significant increase in the market size due to the ongoing COVID-19 pandemic. The overall market was estimated to be $231.1 million in FY2019, and it is expected to grow at a CAGR of 10.96% during the forecast period, 2021-2030. Presently, more than 21 companies are operating in this market, including already existing and emerging medical device companies. The global radiation dose management market has witnessed significant growth, attributing to the increasing concern related to radiation exposure and increasing installed bases of radiology equipment and number of scans.

Further, the increasing prevalence of chronic and lifestyle associated diseases, growing geriatric population, and increasing regulatory requirements for diagnostic devices are the prominent factors propelling the growth of the global radiation dose management market.


Trends for Radiation Dose Management

The two trends of the opportunities for expanding radiation dose management are as follows:

  •  Artificial intelligence to aid treatment planning: Artificial intelligence has captured the imagination and attention of doctors over the past couple of years. AI offers a paradigm shift in how clinicians work to significantly boost workflow efficiency and improve care and patient throughput. AI will augment doctors’ ability to find the key, relevant data needed to care for a patient and will present it in a concise and easy format.
  •  Improving radio-sensitivity and personalizing radiation dose: The detection of radiosensitivity of lymphocytes, with the genetic polymorphisms, can be used to relate personalized radiotherapy.


 Global Radiation Dose Management: Market Segmentation

 

 Key Findings
  •  In recent years, there has been an implementation of new rules by governments to deploy radiation tracking software, thus raising the need for radiation dose management products in various markets. This trend is expected to continue in the future and will further increase the demand for radiation dose management.
  •  The global radiation dose management market is witnessing considerable technological advancements owing to the entry of various emerging companies in the global market.

Opportunity Assessment
  •  China, India, Australia, and South Korea, among other countries have populations with a high risk of developing chronic and lifestyle-associated diseases. It drives the adoption of diagnostic devices for diagnosis and treatment, which in turn would surge the demand for radiation dose management software in these emerging countries.
  •  Companies that are specifically operating in areas of a high geriatric population, such as Japan and China, could expand their product portfolio.
  •  In the coming years, the technologically advanced imaging and therapeutic systems would increase the demand for radiation dose management software to maintain the safety of the patient during the diagnosis and treatment.

 Market Dynamics

Increasing regulatory requirements for diagnostic devices, increasing installed bases of radiology equipment and the number of scans, and increasing awareness of overexposure to radiation are the primary driving factors behind the growth of the radiation dose management market. The market is further expected to proliferate at a rapid pace owing to the growing geriatric population, growing awareness and initiatives for radiation dose management, and the increasing prevalence of chronic and lifestyle-associated diseases.

However, there are significant restraints that tend to limit the growth of the radiation dose management market. The major restraints are the lack of benchmarking of radiation dose and the lack of skilled and trained professionals. The following chapter describes the three major segments that are covered under the market dynamics section and their impact on the existing global radiation dose management market. The following figure exhibits key segments that are covered under market dynamics.


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Key Questions Answered in this Report:

• How has COVID-19 impacted the global radiation dose management market?

• What are the key regulations for the development, commercialization, and adoption of radiation dose management?

• How does the pricing of the radiation dose software impact the overall market growth?

• Which are the leading players that currently hold significant dominance in the global radiation dose management market?

• What are the key strategies incorporated by the players of the global radiation dose management market to sustain the competition and retain their supremacy?

• What is the patent landscape of the radiation dose management market for different modalities?

• What is the current annual demand for different radiation dose management modalities, end user, and mode of deployment across different regions? What is their growth potential over the forecast period (2021-2030)?

• What is the current market potential of radiation dose management, and what are the factors deciding the growth potential of radiation dose management for the forecast period?

• What is the current revenue contribution of different modalities, and how would it evolve in the forecast period?

• What are the various types of radiation dose management products available in the market? How many units of products have been installed in 2017, 2018, and 2019, respectively?

• Which mode of deployment contributes to the highest CAGR (%) in the global radiation dose management market?

• How does the end-user perception impact the growth of the global radiation dose management market?

• Which countries contribute to a major share of the current demand, and which countries hold significant scope for expansion for business activities by players of the global radiation dose management market?


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This market intelligence report provides a multi-dimensional view of the global radiation dose management market in terms of market size and growth potential. This research report aims at answering various aspects of the global radiation dose management market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion. 


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Global Radiation Dose Management Market

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