The Report “Radiation Dose Management Market by Product (Dose Tracking, Monitoring, and Analytics Software, Consulting Services), by Application (Computed Tomography, Angiography, Fluoroscopy), by End User (Hospitals, Diagnostic Centers) – Global Forecasts to 2020″ is now available at RnRMarketResearch.com.
Presently, radiation dose management is a rising concern in the healthcare industry. The radiation dose management market is experiencing tremendous growth owing to the increasing demand for patient safety and adherence to stringent regulations regarding patient dose exposure. The advent of radiation dose management solutions has modernized the management of radiation dose in radiology departments while improving the patient safety in a drastic manner. These solutions are also supporting the meaningful use of EHRs and EMRs by helping in the maintenance of complete patient medical records in those systems. Growth in this market is primarily attributed to the need to maintain accurate radiation dose information of each patient to increase patient safety and improve healthcare services, manage and optimize patient radiation dose in healthcare systems with greater efficiency, and reduce compliance risks.
In this report, the radiation dose management market is segmented by products, applications, and end users. By products, the market is segmented into software and services. The software market is further subdivided into dose tracking, monitoring, and analytics software and post-image processing software. The services market is subdivided into implementation and integration services, support and maintenance services, consulting services, and education and training services. By application, the market is divided into computed tomography, fluoroscopy and interventional imaging, mammography, radiography, and others. The market is further segmented by end users into hospitals and clinics, diagnostic centers, and research and academic medical centers.
The global radiation dose management market is expected to grow at a CAGR of around 50% during the forecast period of 2015 to 2020. The market is mainly driven by the rising diagnostic imaging procedures performed across the globe, increasing risks of life-threatening diseases owing to the biological effects of radiation, stringent accreditation and regulatory requirements regarding radiation safety, and need to increase clinical efficiency and to improve quality of healthcare services.
Moreover, increasing awareness for radiation safety among patients, physicians, and technicians; and various dose management campaigns for increasing patient safety across the globe are further propelling the growth of this market. Various factors such as increased use of interventional imaging and nuclear medicine in medical imaging, and technology advancements for radiation dose management systems are providing significant growth opportunities for the market. However, factors such as lack of funding, lack of standardized protocols, and ignorance of technicians and physicians in healthcare organizations towards risks associated with radiation exposure are restraining the growth of this market up to a certain extent.
Presently, the dose tracking, monitoring, and analytics software segment forms a major portion of the radiation dose management software market. This is attributed to the compliance achieved by integrating radiation dose tracking, monitoring, and analytics software with other systems such as EHR, PACS, and RIS to monitor, track, and archive the patient dose information and to improve patient safety.
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By 2020, North America contributed the largest share to the global radiation dose management market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at higher CAGRs. However, the Asia-Pacific market is also showing a healthy CAGR during the forecast period, largely driven by the rising number of multispecialty hospitals, increased awareness among patients, increased healthcare spending, government initiatives for e-Health, and rising medical tourism in the region.
Prominent players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.K.), PACSHealth LLC (U.S.), Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.) Siemens Healthcare (Germany), AGFA Healthcare (Belgium), Sectra Medical Systems (Sweden), Toshiba Medical Systems Corporation (Japan), and McKesson Corporation (U.S.).
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