NEW YORK , May 19, 2022 /PRNewswire/ — The radiation dose management solution market size is set to grow by USD 166.06 million from 2020 to 2025 as per the latest market report by Technavio. The report projects the market to progress at a CAGR of 11.96%. 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.
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Radiation Dose Management Solution Market: Segmentation Analysis
The market research report segments the radiation dose management solution market by Geography (North America, Europe, Asia, and ROW) and Solution (services and products).
The radiation dose management solution market share growth in the services segment will be significant for revenue generation. The services segment is expected to grow steadily. This is mainly attributed to the increasing adoption of radiation dose management solutions.
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Radiation Dose Management Solution Market: Drivers
The key factor 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
Radiation Dose Management Solution Market: Challenges
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 additional staff to manage information governance and software compatibility arrangements for the 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.
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The competitive scenario provided in the Radiation Dose Management Solution Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don’t wait, Make a strategic approach & boost your business goals with our Radiation Dose Management Solution Market Forecast Report – Buy Now!
Related Reports:
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Radiation Dose Management Solution Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.96% |
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Market growth 2021-2025 |
USD 166.06 million |
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Market structure |
Fragmented |
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YoY growth (%) |
10.90 |
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Performing market contribution |
North America at 37% |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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 |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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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. |
Table of Content
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Solution
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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