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Radiation Dose Management Market - Growth, Trends, and Forecasts (2020 - 2025)

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    Report

  • 115 Pages
  • June 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4622566
Radiation overexposure may cause long-term health consequences. In the study carried out by the National Institute of Health, to understand the impact of high dose radiation, it is observed that in the United States, patients are exposed to excess radiation brain scans, and the amount of dose received is eight times higher than the normal level. Due to increasing concerns, the United States FDA urged imaging centers and manufacturers to comply with protocols specific to each scanning procedure. The United States FDA also recommends hospitals to implement dosing protocols for dose adjustment for improving patient safety during CT scans which are usually followed by all the major countries across the globe.

Most hospitals and imaging centers are increasingly adopting new dose reduction technology systems with high-end CT systems. The dose tracking software reduces the burden of manual collection of doses for CT performed in a center. This is also beneficial in the early detection of wrong dose selection. Therefore, the growth of the radiation dose management market is expected in the coming future.

Key Market Trends

Computed Tomography is Expected to Register Highest CAGR in the Modality Segment

There has been an increase in radiation exposure in patients who underwent computed tomography (CT), causing burns and radiation poisoning. Due to high dose exposures, while undergoing CT scans, manufacturers are including technology for correct dose estimation for a CT procedure.

New CT equipment with dose reduction hardware and software-embedded technology reduces the risk of radiation exposure to patients. For instance, Bayer’s Radimetric Enterprise Platform automates the dose documentation with the use of Medrad Stellant CT injection system, with Certegra.

The Canon Medical Systems Aquilion One/Genesis Edition CT is able to reduce the need for multimodality exams, as it captures the image of the entire brain with a single 640-slice rotation. It also reduces the noise during the procedure, and the radiation dose is lowered by up to 82.4%. The Aquilion Precision System is the first FDA-approved ultra-high-resolution computed tomography.

Furthermore, with the rising burden of chronic diseases such as cancer, availability of advanced products and rising awareness about radiation dose management, the market is believed to grow over the forecast period.

United States is Expected to Hold the Largest Share in Over the Forecast Period

As per the report published by Harvard Medical School, it is estimated that in the United States, more than 80 million CT scans are performed, annually. The scanning procedures revolutionized the diagnosis and treatment, such as CT angiography, colonography, and dual-energy and perfusion CT.

However, there is an increasing concern on the exposure to high doses of radiation, due to risks associated with ionizing radiation. Thus, radiology departments are using low doses for CT scans. Many research centers and hospitals are using advanced state-of-art CT machines that are integrated with software and ERP’s for accurate estimation of radiation doses that can be compared with reference standards. The dose tracking software calculates the average dose based on the previous CT examination doses. Owing to the aforementioned factors, the US radiation dose management market is expected to grow at a healthy rate over the forecast period.

Competitive Landscape

The radiation dose management market for radiation dose management is moderately competitive and global players are dominating the market. With the rising technological advancements, few new entrants are focusing on product innovation and are penetrating the market. It is believed that these companies will hold a substantial share in the coming future.

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Table of Contents

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Cases of Chronic Diseases Demanding Radiation Therapy
4.2.2 Increasing Concerns over Radiation Overexposure
4.2.3 Rising Awareness and Industry Initiatives for Radiation Dose Management
4.3 Market Restraints
4.3.1 Low Adoption of radiation Dose Management Solutions in Emerging Countries
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Products & Services
5.1.1 Standalone Solutions
5.1.2 Integrated Solutions
5.1.3 Services
5.2 By Modality
5.2.1 Computed Tomography
5.2.2 Fluoroscopy and Interventional Imaging
5.2.3 Nuclear Medicine
5.2.4 Radiography and Mammography
5.3 By End User
5.3.1 Ambulatory Care Settings
5.3.2 Hospital
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bayer AG
6.1.2 Bracco Imaging SpA
6.1.3 Fujifilm Holdings Corporation
6.1.4 GE Healthcare
6.1.5 Medsquare
6.1.6 Novarad Corporation
6.1.7 PACShealth LLC
6.1.8 Koninklijke Philips N.V.
6.1.9 Qaelum NV
6.1.10 Sectra AB
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bayer AG
  • Bracco Imaging SpA
  • Fujifilm Holdings Corporation
  • GE Healthcare
  • Medsquare
  • Novarad Corporation
  • PACShealth LLC
  • Koninklijke Philips N.V.
  • Qaelum NV
  • Sectra AB

Methodology

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