CHICAGO, April 25, 2019 /PRNewswire/ -- According to the new market research report "Radiation Dose Management Market by Products & Services (Standalone, Integrated Solutions, Education & Training Services), Modality (Computed Tomography, Nuclear Medicine), and End User (Hospitals, Ambulatory Care Settings) - Global Forecast to 2024", published by MarketsandMarkets™, the Radiation Dose Management Market is projected to reach USD 447 million by 2024 from USD 206 million in 2019, at a CAGR of 16.7%.
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The growth in this market is attributed to the increasing use of medical imaging modalities due to the rising incidence of chronic diseases, increasing concerns over radiation dose exposure, growth in the installed base of radiology equipment, and growing awareness on radiation dose management.
Radiation dose management solutions accounted for the larger share of the Radiation Dose Management Market in 2018
On the basis of product & service, the Radiation Dose Management Market is segmented into radiation dose management solutions and radiation dose management services. In 2018, the radiation dose management solutions segment accounted for the larger share of the Radiation Dose Management Market. The large share of this segment can be attributed to the increasing adoption of radiation dose management solutions by healthcare providers owing to the growing regulations regarding ionizing radiation across the globe.
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By modality, the computed tomography segment accounted for the largest market share in 2018
On the basis of modality, the Radiation Dose Management Market is segmented into computed tomography (CT), fluoroscopy and interventional imaging, mammography, and nuclear medicine. The computed tomography segment accounted for the largest market share in 2018. The increasing number of CT examinations worldwide and the rising awareness of radiation dose exposure are the major factors driving the growth of this segment.
Hospitals are the largest end users of the Radiation Dose Management Market
Based on end users, the Radiation Dose Management Market is segmented into hospitals, ambulatory care settings, and other end users. The hospitals segment accounted for the largest market share in 2018. The rising patient population, growing awareness about the benefits of early disease diagnosis, technological advancements in imaging modalities, and the increasing awareness of the harmful effects of radiation exposure are some of the major factors responsible for the high demand for radiation dose management solutions in hospitals.
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North America dominates the global Radiation Dose Management Market
The Radiation Dose Management Market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2018, North America accounted for the largest share of the Radiation Dose Management Market. The large share of North America can be attributed to factors such as the stringent legislative and accreditation requirements regarding the reporting and optimization of radiation doses, high adoption of HCIT technologies, and the presence of stringent regulatory requirements regarding patient safety.
The major players in the Radiation Dose Management Market are Bayer AG (Germany), GE Healthcare (US), PACSHealth, LLC (US), and Sectra Medical Systems (Sweden). Other prominent players in this market include Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (US), Siemens Healthineers (Germany), Agfa HealthCare (Belgium), Canon (Japan), and Qaelum N.V. (Belgium).
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