Global Radiation Dose Management Market at a CAGR of 18.4 % Growth, Trends and Absolute Opportunity

Global Radiation dose management markets By Product & Services (Radiation Dose Management Solutions, Radiation Dose Management Services), Modality (Computed Tomography, Fluoroscopy and Interventional Imaging, Radiography and Mammography, Nuclear Medicine), Application (Cardiology, Oncology, Orthopedic, Other Application), End- User (Hospitals, Ambulatory Care Settings, Other End Users)

Market Definition: Global Radiation Dose Management Market

Radiation dose management is used to manage and estimate the amount of dose that is required during a procedure so they can avoid the high radiation dose among patients. They prevent burns and radiation poisoning in patient which happen due to over radiation dose. They play a crucial role in reducing exposure of patients to damaging radiation doses under imaging procedures. They are widely used in application such as oncology, cardiology and other.

Market Drivers

• Increasing cases of chronic diseases enhances the use of medical imaging modalities which drives this market growth
• Strict government rules associated with the radiation dose will also accelerate the market growth
• Development in the installed base of radiology equipment also acts as a market driver
• Rising awareness about radiation dose management will also contribute as a factor for the market growth

Market Restraints

• Lack of funding will restrain the market growth
• Dearth of trained professional will also hamper the market growth
• Low adoption of radiation dose management solutions will also restrict the market growth

Market Analysis: Global Radiation Dose Management Market

Global radiation dose management market is set to witness a healthy CAGR of 18.4% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Growing demand for interventional radiology & nuclear medicine and increase usage of radio dose management for pediatrics procedures are the factor for the market growth.

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Segmentation: Global Radiation Dose Management Market

By Product & Services

• Radiation Dose Management Solutions
• Standalone Solutions
• Integrated Solutions
• Radiation Dose Management Services
• Support and Maintenance Services
• Implementation and Integration Services
• Consulting Services
• Education and Training Services

By Modality

• Computed Tomography
• Fluoroscopy and Interventional Imaging
• Radiography and Mammography
• Nuclear Medicine

By Application

• Cardiology
• Oncology
• Orthopedic
• Other Application

By End-User

• Hospitals
• Small Hospitals
• Large Hospitals
• Ambulatory Care Settings
• Other End Users

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Key Developments in the Market:

In November 2016, Royal Philips announced the launch of their 2nd generation DoseWise radiation dose management software platform which has the ability to track radiation exposure in clinicians and patients. This new platform will help the radiology department to deal with problems such as managing dose exposure so they can ensure safety and enhance access to patient data so they can make decision accordingly

In June 2015, GE Healthcare announced the launch of their new radiation dose tracking system which is specially designed for their CT systems. The cloud-based management software monitors, examines and records these information to assist enhance the dose concentrations of patient radiation during CT scans. This system also enhances the patient safety and also helps the physicians to manage the radiation dose level

Competitive Analysis:

Global Radiation dose management markets is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of radiation dose management market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Data collection and base year analysis is done using data collection modules with large sample sizes.