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In November 2016, Philips launched 2nd generation radiation dose management software, DoseWise, which enables the healthcare professionals to track and record radiation exposure in patients as well as clinicians. Medical imaging technology is getting superior and robust day by day. However, radiation exposure is a major concern which is considerably affecting patients as well as healthcare resources.
To achieve desirable radiation exposure, solutions such as radiation dose management are extensively used by imaging facilities. Radiation dose management systems are capable of monitoring, optimizing, and evaluating the extent of radiation exposure. Also, they can provide real-time insights.
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The insights provided by radiation dose management systems play a vital role in the decision-making process of medical imaging procedures. Consequences of improper radiation exposure can lead to acute illness, damaged blood cells, increased risk of cancer as well as genetic disorders and others.
Rapidly growing healthcare infrastructure, followed by swiftly growing installations of imaging systems is considered to be prominent factors for the global radiation dose management market growth during the forecast period. Combined with this, rising emphasis on implementation of standard regulations for radiation exposure by government authorities is expected to boost the adoption of radiation dose management systems in forthcoming years.
For instance, in 2018, the association of American College of Cardiology, Heart Rhythm Society, North American Society for Cardiovascular Imaging and other authorities issued a consensus document on the efficient utilization of radiations while performing cardiovascular imaging.
However, the lack of healthcare infrastructure in emerging nations, as well as the higher acquisition cost of the software systems are expected to hamper the growth of the global radiation dose management market during the forecast period.
Major key players covered in the global radiation dose management market report are Koninklijke Philips N.V., Bracco, QAELUM INC., Sectra AB, Siemens Healthcare Private Limited, Novarad, FUJIFILM Holdings Corporation, Agfa-Gevaert Group, PACSHealth, LLC., General Electric Company, Bayer AG, Medsquare, Infinitt Healthcare Co. Ltd. and others.
· Integrated Solution
· Standalone Solution
By Imaging Modality
· Nuclear Imaging
· Interventional Imaging
· Ambulatory Surgery Centers
· Diagnostic Centers
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
As per the current radiation dose management market trends, oncology in the application segment is expected to hold a significant share of the market owing to higher utilization of imaging facilities for the diagnosis of cancer.
Based on the region, the global radiation dose management market is segmented in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to register comparatively higher CAGR in global radiation dose management market owing to the growing prevalence of diseases associated with radiation exposure. According to data published in the American Heart Association Journal (AHAJ) in 2018, the risk of cancer in patient increases after first ten radiation exposures, which are associated with computed tomography angiography procedures. The Asia Pacific is expected to register marginally lower growth in the global radiation dose management market owing to higher costs of systems installations and lack of standard guideline in emerging nations. However, improving technology and rapidly growing healthcare infrastructure in emerging nations is expected offers a favourable environment for considerable growth of the global radiation dose management systems.
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