Radiation Dose Management Market to Grow at a CAGR of 46.0% Between 2017-2023

Posted on 2019-07-16 by P&S Intelligence in Healthcare // 0 Comments

CITY, Country, 2019-Jul-16 — /EPR Network/ —

The radiation dose management market size is expected to reach $1.7 billion by 2023, growing at a CAGR of 46.0% between 2017-2023. Key factors driving the market growth include increasing concerns associated with radiation overexposure, growing focus on improving quality of patient care, and growing awareness and industry initiatives.

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As per the findings of the research, radiation dose management solutions occupied the larger share of the global market in 2016, since these solutions enable the healthcare providers to track and evaluate the radiations emitting from different diagnostic procedures. The players in the industry provide services such as implementation and integration, support and maintenance, consulting and training and education. Among all the services, implementation and integration held the largest share of the radiation dose management market in 2016, since these services are associated with installation of solutions and integration with other systems in the healthcare settings.

Radiation dose management solutions and services are used for managing radiation dose from different imaging modalities. On the basis of modality, CT registered the largest share of the market in 2016, as it involves high doses of radiation, resulting in a marked increase in radiation exposure in the population.

Hospitals and super specialty clinics are the key end user of the radiation dose management market and held largest share in 2016, mainly due to increasing number of installation of these solutions and growing number of diagnostic procedures in the treatment and management of diseases in the hospitals.

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The European Directives has set some standard for safety and health in the workplace. These directives have to be transposed into the national legislation of the member states of the European Union, by February 2018, which is likely to increase the adoption of solutions and services by healthcare providers in the region to maintain the safety standards for radiation dose in diagnostic imaging.

There are several movements being made to reduce the dose of interventional radiology, which provides growth opportunities to increase market share of RDM solutions and services providers. For instance, with the explosive growth of interventional oncology, the Society of Interventional Oncology (SIO) has been founded to focus entirely on the sub-specialty field of interventional radiology in order to reduce the use of radioactive material for radiation therapy.

Some of the key players operating in radiation dose management market include Bayer AG, General Electric Company, PACSHealth, LLC, Bracco Imaging S.p.A, Novarad Corporation, Siemens AG, Koninklijke Philips N.V., Sectra AB, Agfa Gevaert, and Qaleum N.V.

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