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Radiation Dose Management Market

P&S Market Research-Radiation Dose Management Market report

Global Radiation Dose Management Market Size, Share, Development, Growth and Demand Forecast to 2023

Delivery : 24-72 Working Hours
Report Code: LS11111
Available Format: pdf
Category : Healthcare IT

Market Overview

Radiation dose refers to the total amount of ionizing radiation absorbed by the tissues. Humans are exposed to the ionizing radiation through natural sources such as soil, water, and sun and other human made sources such as X-ray machines and other medical devices. The effect of the radiation depends on the dose of the radiation absorbed by the tissues in the body. The radiation can impair the functioning of the organs and tissues beyond a certain threshold, and can lead to acute impacts such as hair loss, acute radiation syndrome, radiation burns, and skin redness. High radiation dose can also give rise to severe other health issues effects such as cancer in human beings. Global radiation dose management market is expected to witness significant growth in the forecast period (2017-2023), due to increasing concerns with respect to excess exposure to radiation.

The radiation overexposure is increasing due to advancements in technology and prevalence of various diseases, that require radiation emitting medical device. According to the WHO, around 37 million nuclear medicine procedures are performed globally, with more than 3,600 million diagnostic radiology examinations being performed, and 7.5 million radiotherapy treatments are given annually.

On the basis of products and services, the global radiation dose management market is segmented into solutions and services. The solution segment held the largest share in the global market in 2016, and is expected to grow significantly in the forecast period. The growth is attributed to the compliance attained by integrating radiation dose monitoring, tracking, and analytics software with other systems such as RIS, PACS, and EHR to track, monitor and archive the dose information of patients and upgrade the safety of the patients.

Based on modality, the radiation dose management market is segmented into computed tomography, radiography & mammography, fluoroscopy and interventional imaging, and nuclear medicine. Radiography & mammography held the largest share of the global radiation dose management market in 2016, mainly due to its application in the diagnosis of cancer and high prevalence of heart diseases.

Based on end user, the radiation dose management market is segmented into hospitals, ambulatory care services, and research institutions and academic medical centers. Hospitals held the largest share of the global market in 2016, due to the presence of large volume of patients in the hospitals.

Market Dynamics

Growth Drivers

Global radiation dose management market is expected to grow significantly during the forecast period (2017-2023). The major factors driving the growth of the global market include, increasing burden of radiation exposure, regulatory requirements, increasing emphasis on enhancing quality of patient care, and industry initiative to increase awareness on radiation dose management.

In 2010, Food and Development Authority’s Center for Devices and Radiological Health (CDRH) launched an initiative to reduce unnecessary radiation exposure from medical imaging and held a public meeting in the U.S. on device improvements to reduce unnecessary radiation exposure from medical imaging.

Restraints

The risk and complications associated with the radiation dose management due to less awareness and knowledge about these solutions in emerging countries, and lack of standard protocol for adopting radiation dose management solutions, act as major barriers for the growth of the global radiation dose management market.

Opportunities

The improving healthcare infrastructure in emerging economies, technological advancements, and increasing awareness of nuclear medicine and interventional radiology are creating ample opportunities for the growth of the global radiation dose management market.

The government in emerging economies such as India, China, Brazil, and Mexico, is increasingly spending on healthcare. According to the World Bank, Brazil spent 8.3% of its $2.456 trillion GDP on healthcare, in 2014. Similarly, China spent 5.5% of its GDP on healthcare, whereas, Mexico spent 6.3% of GDP in healthcare, in 2014.

Insights by Geography

Geographically, North America was the largest market for radiation dose management in 2016, followed by Europe. The North American radiation dose management market is primarily driven by technological advancements, presence of large number of hospitals and health systems and high healthcare expenditure in the region.

Asia-Pacific is expected witness the fastest in the forecast period (2017-2023). The expected growth is mainly attributable to increasing need to curtail the soaring healthcare costs, rising accreditation requirements, and changing regulations.

Competitive Landscape

Some of the key players in the global radiation dose management market are Bayer AG, General Electric Company, PACSHealth LLC, Philips N.V., Fujifilm Holdings Corporation, Novarad Corporation, Siemens AG, Agfa Gevaert, Sectra AB, and QAELUM N.V.

In July 2017, Philips Healthcare announced a partnership with West Physics, to create a turn-key computed tomography radiation dose management program. The partnership aimed to focus on health systems to comply with the new dose management requirements from accrediting regulatory bodies, helping hospitals establish effective radiation safety programs to optimize radiation dose delivery. The partnership combined dose tracking technology from Philips and medical physics expertise from West Physics into Philips DoseWise portal to help hospitals establish programs for managing CT protocol optimization, thereby optimizing CT equipment through protocol management and benchmarking and meet regulatory standards.

In March 2017, The Connecticut Hospital Association (CHA) and Bayer AG announced an alliance to establish the U.S. first-ever statewide radiation dose management repository system for patients undergoing certain radiological procedures. The repository used Bayer AG’s Radimetrics, a radiation and contrast dose management and analytics tool that provides clinicians with data needed for them to help ensure that their patients receive the lowest necessary radiation dosage.

MARKET SEGMENTATION
By Products & Services

  • Solutions
    • Standalone solutions
    • Integrated solutions
  • Services
    • Implementation and integration services
    • Support and maintenance services
    • Consulting services
    • Education and training services

By Modality

  • Computed tomography
  • Radiography & mammography
  • Fluoroscopy and interventional imaging
  • Nuclear medicine

By End User

  • Hospitals
  • Ambulatory care settings
  • Research institutions and academic medical centers

Geographical Segmentation

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)

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