The radiation dose management market is projected to reach USD 422.65 million by 2025 from USD 220.22 million in 2020, at a CAGR 13.9% from 2020 to 2025. Radiation dose management is a software solution that is used to collect, control, analyze, and optimize radiation doses delivered to patients during image-guided surgery, medical imaging examinations, interventional procedures, and nuclear medicine. The information collected is stored in the form of a Dose Archiving and Communication System (DACS). The growth of this market is driven by the rising incidence of chronic diseases, growing awareness and industry initiatives for radiation dose management, and the increasing number of diagnostic centers and installation base of radiology equipment.
The radiation dose management market is a highly consolidated market and is dominated by various players. The major players operating in this market are Bayer AG (Germany), GE Healthcare (US), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Canon Inc. (Japan), PACSHealth, LLC (US), Sectra AB (Sweden), Bracco Imaging S.p.A. (Italy), Qaelum N.V. (Belgium), Agfa Healthcare (Belgium), Novarad Corporation (US), Medic Vision (US), Volpara Solutions Inc. (US), Guerbet (France), Medsquare (France), and INFINITT Healthcare Co. Ltd. (South Korea).
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Bayer AG (Germany)
Bayer AG (US) held the leading position in the radiation dose management market in 2019. The company provides its radiation dose management solutions (radimetrics) through its Consumer Health business segment. The company entered this market by acquiring Radimetrics (Canada) in November 2012. The company is a well-established brand and has been present in the market for nearly a decade, which gives it a competitive edge over other players. It is innovation-centric and invests heavily in R&D for maintaining its market share. It is also customer-oriented and maintains a strong relationship with its customers, which helps it maintain its leadership position.
GE Healthcare (US)
GE Healthcare (US) accounted for the second-largest share of the global radiation dose management market in 2019. The company provides its radiation dose management solutions through the Healthcare Systems division. The company offers financial & administrative, clinical, and service IT solutions. GE Healthcare offers a comprehensive dose tracking and management system with radiation dose monitoring, namely, DoseWatch. The company also offers several programs (staff training, dosing protocol optimization, quality control and quality assurance testing, and accreditation) to help medical imaging providers improve patient care through effective management, tracking, monitoring, and reporting of radiation dose exposure to patients.
Radiation Dose Management Market by Products & Services (Standalone Solutions, Integrated Solutions, Services), Modality (Computed Tomography, Nuclear Medicine), Application (Oncology, Cardiology, Orthopedic), End User (Hospitals) - Global Forecast to 2025
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