Radiation Dose-Reduction System Market by Services Type (Solutions and Services), by Application (Computed Tomography, Fluoroscopy & Interventional Imaging, Nuclear Medicine, and Radiography & Mammography), and by End-User (Specialty Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis,and Forecast, 2018- 2024

Global radiation dose-reduction system market expected to reach USD 2475 million by the end of 2024, growing at a CAGR of around 45.6% between 2018 and 2024. Radiation dose management solutions and services are widely utilized around the world for monitoring radiation dose in computed tomography and other radiation-based diagnosis modalities.

01-Nov-2018 | Number of pages: 115 | Report Code: ZMR-3495 | Report Format : | Status : Published

Analysis

Medical imaging helps physicians to view different internal areas of the human body and assist them in obtaining vital clinical information. Noninvasive diagnosis is assisted through imaging procedures that allow disease monitoring and support surgical and medical treatment planning. For several diseases, early detection is essential to reduce morbidity and opt for better treatment options. However, like all medical procedures, medical imaging, and nuclear medicine imaging exams present both benefits and risks. Medical imaging procedures use ionization radiations, which expose patients to high-intensity radiation doses, which might increase a person’s risk of developing cancer. Thus, managing the risks associated with radiation doses through medical imaging procedures have become a necessity for safe healthcare.

Currently, many modalities are available in the market to reduce and limit heavy radiation doses. The demand for these radiation dose-reduction systems has increased to a great extent around the world, owing to the growing awareness regarding the harmful side effects of radiation. Moreover, growing focus on the implementation of robotics for dose reduction and exposure to the operations expected to contribute toward this market’s growth. However, the high costs of radiation systems and a dearth of experienced radiologists and professionals are hindering the global radiation dose-reduction system market. Growing technological advancements in the production of new and lighter skeleton materials with advanced sensors, electronics, and software might offer lucrative business opportunities in the future.

Global Radiation Dose Reduction System Market

Radiation dose-reduction system market is segmented based on services type, application, and end-user. The service type segment is bifurcated into solutions and services. Integrated solutions and standalone solutions are the sub-segments of solutions segment. The services segment is sub-divided into maintenance and support services, implementation and integration services, consulting services, and training services. On the basis of application, the global radiation dose-reduction system market is segmented into computed tomography, fluoroscopy and interventional imaging, nuclear medicine, and radiography and mammography. Computed tomography segment has dominated the application segment by accounting the largest revenue share generated by global radiation dose-reduction system market in 2017. The growth was majorly due to the large-scale adoption of CT scans for medical diagnosis and strict regulations for radiation dose reduction.

Based on end-user, the radiation dose-reduction system market is segmented into hospitals, specialty clinics, and others. The hospital segment was the major revenue grossing segment in the year 2017, due to the increasing number of installations of radiation dose-reduction systems and the rise in the diagnostic procedures for diagnosis and treatment of diseases in hospitals. The specialty clinic segment was the fastest growing segment with highest CAGR in 2017. 

Based on the geography, the global radiation dose-reduction system market is divided into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the global market for radiation dose-reduction system in terms of revenue generation followed by Europe during the forecast period. The AsiaPacific region was the fastest growing market with the highest year-over-year growth rate in 2017. The Middle East and Africa and Latin America are expected to experience a comparatively slow rate of growth in the radiation dose-reduction system market in the upcoming years.

Some of the key players in the radiation dose-reduction system market are, Siemens AG, Bayer AG, PACSHealth, LLC, General Electric Company, Bracco Imaging S.p.A, Novarad Corporation, Agfa Gevaert, Sectra AB, and Qaleum N.V.


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