Rising prevalence of chronic diseases worldwide and technological advances in medical imaging modalities are among the key factors driving the global market revenue growth.
Rising prevalence of chronic diseases worldwide and technological advances in medical imaging modalities are among the key factors driving the global market revenue growth
Emergen Research has recently published its latest report titled “Radiation Dose Management Market, By Component (Software, Services), By Product (Dosimeters, Area Process Monitors, Others), By Application (Radiography, Angiography, Mammography, Fluoroscopy & Interventional Imaging, Others), and By Region Forecast to 2028”
According to Emergen Research, the global radiation dose management market size was USD 228.46 million in 2020 and is expected to reach USD 568.96 million in 2028 and register a revenue CAGR of 12.6% during the forecast period, 2021-2028.
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Market Dynamics:
Key factors providing impetus to the global radiation dose management market revenue growth are growing geriatric population, rising prevalence of chronic diseases such as cancer and cardiovascular diseases (CVDs) across the globe, rising awareness of early disease diagnosis and treatment, and increasing number of medical imaging and radiation procedures. Rapid adoption of technologically advanced medical imaging modalities such as computer tomography (CT), magnetic resonance imaging (MRI), and positron emission tomography (PET), rising concerns about sensitivity to radiation exposure, adverse health impacts of radiation exposure in several cases, and growing need for better radiation dose control and management are some of the other major factors driving the global market revenue growth.
Introduction of advanced radiation dose management software and solutions, including Bayer Healthcare’s Radimetrics eXposure radiation dose management software and Siemens’ cutting-edge Radiology Information System (RIS), rising focus on improving patient care quality, and rapidly advancing healthcare infrastructure are some factors further boosting revenue growth of this market.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Dosimeters Segment Accounted for Largest Revenue Share in 2020:
The dosimeters segment dominated other segments in terms of revenue share in the global market in 2020. Rising prevalence of chronic diseases such as cardiovascular diseases (CVDs) and cancer, increasing volumes of medical imaging and radiation procedures, growing concerns about sensitivity to radiation exposure, and growing use of dosimeters due to high effectiveness and accuracy in radiation dose monitoring are major factors contributing to revenue growth of this segment and are expected to continue to drive revenue growth over the forecast period.
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Radiography Segment to Account for Fastest Revenue CAGR:
The radiography segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Key factors driving revenue growth of this segment are increasing prevalence of cancer worldwide, rising awareness of early cancer diagnosis and treatment, increasing volumes of digital and computed radiography procedures, and rapid adoption of advanced radiography techniques.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America radiation dose management market led in terms of revenue share in the global market in 2020. Rising burden of chronic diseases such as cancer and cardiovascular diseases, rapidly growing geriatric population, increasing awareness of early cancer diagnosis, growing concerns about adverse health effects of radiation exposure, and increasing adoption of advanced radiation dose monitoring systems are major factors driving revenue growth of the North America market. Presence of avant-garde healthcare infrastructure and key market players in the region, including Thermo Fisher Scientific, GE Healthcare, and Landauer Inc., further boost the regional market revenue growth.
Major Companies in the Global Radiation Dose Management Market Include:
- Thermo Fisher Scientific
- Philips Healthcare
- Landauer Inc.
- GE Healthcare
- Medicvision
- Bayer AG
- Toshiba MSC
- Sectra
- Seimens Healthcare Private Limited
- Infinitt Healthcare Co. Ltd.
For the purpose of this report, Emergen Research has segmented the global radiation dose management market based on component, product, application, and region:
Component Outlook (Revenue, USD Million; 2018-2028)
- Software
- Services
Product Outlook (Revenue, USD Million; 2018-2028)
- Dosimeters
- Area Process Monitors
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- Radiography
- Angiography
- Mammography
- Fluoroscopy & Interventional Imaging
- Others
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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