According to FutureWise analysis the market for Radiation Dose Management in 2023 was US$ 0.33 billion, and is expected to reach US$ 0.94 billion by 2031 at a CAGR of 14.10%.
Radiation dose is defined as radiation effect on the skin; it depends on the intensity of radiation, exposure time and sensitivity of the skin. The management of radiation dose components includes information of radiation dose recording software, real-time staff dose monitoring, regulatory compliance and technologies to reduce the dose. There are various techniques like scintigraphies which can deliver low dose radiation with high-quality images of diagnosis, which can calculate and record the dose level and helps in the managing the patient data and sharing with regulatory authorities. Nowadays more patients are investigated through radiation technology to deliver accurate information on disease/disorder.
The growing importance of imaging techniques in the preliminary diagnosis of chronic diseases led to the increasing demand for radiation dose management. Rising demand is further augmented by increasing safety concerns of radiation fuelled the growth of the global radiation dose management market. Further, the rising complexity of imaging techniques led to the development of specific guidelines for better management of radiation dose in primary healthcare settings. Additionally, changing healthcare environment and regulatory scenarios to minimize the radiation complications have boosted the growth of the market. In the recent past, radiation dose management is becoming an integral part of healthcare systems to minimize radiation exposure. The market is expected to witness double growth rate during the forecast period due to increasing adoption radiation dose management techniques in healthcare systems.
North America and Europe radiation dose management markets account major share in the global market due to high penetration among the end-user segments. European radiation dose management market is expected to witness new market players due to rising capital investments among end-user segment. Rising economic conditions in Asia Pacific region is expected to create a potential opportunity space for the market. Latin America and Rest of the world market are expected to witness significant growth rate during the forecast period.