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REDDING, Calif., Dec. 06, 2022 (GLOBE NEWSWIRE) — According to a new market research report titled, ‘Radiation Dose Management Market by solution and service, modality (CT, nuclear medicine, fluoroscopy, mammography), application (oncology, cardiology, orthopedics, neurology), end user (hospitals, ambulatory care) – global forecast to 2029,’ published by Meticulous Research®The radiation dose management market is projected to reach $749.1 million by 2029, with a CAGR of 13.3% from 2022 to 2029.
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Radiation dose management has increased due to the increased availability and reliance on high-dose imaging modalities for rapid and comprehensive diagnosis and treatment. However, medical imaging procedures pose a risk due to high radiation doses to patients. To address this, major players are launching radiation dose management products. For example, in November 2021, Siemens Healthineers (Germany) launched the NAEOTOM Alpha, the world’s first CT scanner with photon counting technology. This system increases resolution and reduces radiation dose by up to 45 percent for ultra high resolution (UHR) scans compared to conventional CT detectors. This reduction in radiation dose allows regular examinations such as lung cancer screening using CT imaging on a routine basis for a large patient population.
The demand for radiation dose management is experiencing a surge due to the increasing use of diagnostic imaging modalities, concerns about radiation exposure, and increasing awareness of radiation dose management.
The impact of COVID-19 on the radiation dose management market
The use of imaging equipment in patients with COVID-19 posed a serious risk to other patients and healthcare workers. Therefore, many countries have postponed non-urgent diagnostic imaging operations, which has reduced reliance on medical imaging. In addition, during the pandemic, the US Centers for Disease Control and Prevention and the American College of Radiology did not recommend the routine use of chest radiographs or CT scans alone for the diagnosis of COVID-19. Furthermore, the American College of Radiology has issued guidelines that CT and X-rays should not be used as a first-line diagnostic or screening tool for COVID-19. This had a temporary negative impact on the market.
The radiation dose management market is segmented by offering (solutions, services), modality (computed tomography, fluoroscopy and interventional imaging, nuclear medicine, radiography and mammography), application (oncology, cardiology, orthopedics, neurology, other applications), end user ( Settings ambulatory care, hospitals, other end users). The study also evaluates industry competitors and analyzes their market share at the regional and state level.
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Based on the supply, in 2022 the solutions segment is expected to hold the largest market share. Increasing use of medical imaging due to rise in prevalence of chronic diseases and existence of regulations on exposure to ionizing radiation are the factors contributing to the largest market share.
On the basis of modality, the computed tomography segment is expected to hold the largest market share in 2022. The increased number of computed tomography examinations and the increase in awareness about exposure to radiation dose contribute to the large market share of this segment.
On the basis of application, in 2022, the oncology segment is expected to hold the largest market share. The large market share of this segment is attributed to the growing burden of cancer and increased use of imaging modalities in oncology.
On the basis of end-user, the hospital segment is expected to hold the largest market share in 2022. Large patient population, rise in chronic diseases, awareness of early diagnosis, preference for non-invasive medical procedures and technological advancements in imaging modalities contribute to the large market share of this segment.
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On the basis of geography, North America is expected to hold the largest share of the radiation dose management market in 2022. A large share of this market is attributed to factors such as advanced healthcare infrastructure, technological advancements, high awareness of radiation exposure, and stringent accreditation and regulatory requirements related to radiation exposure. According to the American Cancer Society’s recommendations for early detection of cancer, women between the ages of 40-54 should undergo regular screening mammography starting at age 45. In addition, US health care expenditures increased from $2.658 billion in 2009 to $3.795 billion in 2019. These factors have contributed significantly to the large market share in the region.
The report also includes an extensive assessment of the key strategic movements of the leading market players in the industry over the past years (2020-2022). In recent years, the global radiation dose management market has witnessed strategic developments such as product launches and enhancements.
Some of the key players operating in the global radiation dose management market are Bayer AG (Germany), Siemens Healthineers GmbH (Germany), Bracco Imaging SpA (Italy), FUJIFILM Holdings Corporation (Japan), GE Healthcare (US), Medsquare (France) . ), Novarad Corporation (USA), PACSHealth, LLC. (USA), Koninklijke Philips NV (Netherlands), Kaelum NV (Belgium), Sectra AB (Sweden), Agfa Healthcare (Belgium), Canon Inc. (Japan), Guerbet (France), Medic Vision (USA) and Volpara Health Limited (USA).
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Scope of the report:
Radiation Dose Management MarketBy offer
Radiation Dose Management Market, by Modality
- Computed tomography
- Fluoroscopy and interventional imaging
- Nuclear medicine
- Radiography and mammography
Radiation Dose Management Market, by Application
- Oncologists
- cardiology
- Orthopedics
- Neurologists
- Other applications
Note: Other applications include dermatology and ophthalmology
Radiation dose management market, by end user
- Ambulatory care settings
- Hospitals
- Other end users
Note: Other end users include diagnostic centers, research institutions and academic centers.
Radiation Dose Management Marketby geography
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLATAM)
- Middle East and Africa
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