With the rapid growth in the healthcare industry, the installations of the imaging system are soaring. Increasing focus on improving the patient’s care and growing concerns over radiation overexposure are driving factors for the growth of radiation dose management market. Moreover, with the emergence of RDM solutions in emerging countries and reimbursement for accepting radiation dose management solutions are the key factors for driving the market of radiation dose management during 2020-25. Most of the leading healthcare institutes are adopting dose reduction systems with advanced CT scans. FDA also recommends doctors to improve patient’s safety by using high-end CT scans systems.
The companies operating in this space have been continuously investing in research and development to provide better products and services to the healthcare institutes across the globe. In 2016, Philips healthcare launched DoseWise 2nd generation radiation dose management software that records the radiation exposure to patients. Radiation Dose Management can monitor, optimize and evaluate the extent of radiation. Moreover, North America Society for Cardiovascular Imaging, Heart Rhythm Society and American College of Cardiology issued a consensus document on efficient utilization of radiations in 2018.
According to the MarkNtel Advisors’ research report, “Global Radiation Dose Management Market Analysis, 2020”, the CAGR of global radiation dose management market is expected to be around 16% during 2020-25. The lack of infrastructure in some emerging countries and the high cost of software curbs the growth of Radiation Dose Management market. However, growing government and private spending is expected to counter the existing challenge to a large extent in the upcoming years.
Hospitals Segment is accounted for the largest market share in 2019 in hospitals. The rising patient population, growing awareness about the benefits of disease diagnosis and increasing awareness of the harmful effects of radiation exposure are some major factors fueling the demand for radiation dose management in hospitals during 2020-25. With the growing regulations regarding ionizing radiation and increasing adoption of radiation dose management is projected to boost the dose radiation management market during 2020-25.
With the rising awareness of radiation dose, increasing chronic disease patients and improving healthcare infrastructure, the demand for Computer Tomography (CT) is expected to surge in coming years.
The oncology segment is anticipated to increase with the snowballing cancer patients across the world. Radiation therapy is widely considered to the remedial measure to cure cancer patients. Thus, radiation dose management is widely deployed in hospitals by doctors to control radiation dose levels.
Developments in Radiations Dose Management Industry
MPTronic came into a partnership with SST Group in 2015. The partnership was formed strategically to strengthen the distribution network in the United States and the Middle East. In 2017, Qaelum dose management solutions expanded in radiology and medical imaging systems in the United Kingdom. FDA approval was announced for ControlRad Trace in 2019 for the new radiation exposure management system and specializes in C-Arms medical imaging as revealed byMarkNtel Advisors’ in their research report, “Global Radiation Dose Management Market Analysis, 2020”.
According to the MarkNtel Advisors the major leading players are Philips Healthcare, GE Healthcare, Medsqaure, Fujifilm Holding Corporation, Novarad Corporation, Sectra AB, Bayer AG, Pacs Health, LLC, Cannon, Inc, Siemens Healthineers among others. Sectra AB launched Sectra Dose Track and Gadolinium tracking in dose management solutions.
“Global Radiation Dose Management Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for automotive ventilation seats providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
1. By Product and Services (Standalone Solutions, Integrated Solutions, Support and Maintenance Services, Education and Training Services, Implementation and Integration Services, Consulting Services)
2. By Modality (Nuclear Medicine, Radiography and Mammography, Computer Tomography, Fluoroscopy and Interventional Imaging)
3. By End User (Ambulatory Care Settings, Hospitals, Other End Users)
4. By Application (Cardiology, Oncology, Orthopedic)
5. By Region (North America, Latin America, Europe, Middle East and Africa and Asia-Pacific),
6. By Country (United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, Saudi Arabia, UAE, South Africa, China, India, Japan, Australia)
7. By Company (Philips Healthcare, GE Healthcare, Medsqaure, Fujifilm Holding Corporation, Novarad Corporation, Sectra AB, Bayer AG, Pacs Health, LLC, Cannon, Inc, Siemens Healthineers)
Key questions answered in the study:
1. What are the current and future trends of the global radiation dose management market?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the globe?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the global radiation dose management industry?
6. What are the customer orientation, purchase behavior, and expectations from global radiation dose management suppliers across various regions?