VANCOUVER, B.C., Oct. 7, 2020
- Market development is guided mainly by the growing usage of medical imaging modalities owing to the increasing prevalence of chronic diseases, increasing concerns about sensitivity to radiation dose, progress in the installed base of radiology equipment, and enhanced understanding of radiation dose control.
- Market Size – USD 202.9 Million in 2019, Market Growth - CAGR of 12.6%, Market Trends – High demand from developing nations.
VANCOUVER, B.C., Oct. 7, 2020 /PRNewswire/ -- The Global Radiation Dose Management Market is forecast to be worth USD 505.3 million by 2027, according to a new report by Emergen Research. Increasingly expanding healthcare facilities, led by rapidly growing imaging device deployments, are considered to be prominent drivers for the global demand for radiation dose control through the projected era. Following this, a growing focus on the introduction by policy authorities of uniform standards for radiation exposure is anticipated to improve radiation acceptance dose management systems in the coming years. For instance, the organization of the Heart Rhythm Society, the American College of Cardiology, the North American Society for Cardiovascular Imaging, and other organizations released a consensus paper on the practical usage of radiation when carrying out cardiovascular imaging in 2018.
Regulation of the radiation dose is used to monitor and measure the number of prescriptions needed during treatment such that it can avoid the high radiation dose among patients. In patients, they avoid burns and radioactive exposure that happens due to the over-dose of radiation. They play a crucial role in reducing patients' exposure to damaging doses of radiation under imaging procedures. Nevertheless, the shortage of healthcare facilities in developing countries and the higher implementation costs of electronic systems are likely to impede the development of the global radiation dose management market during the forecast period.
Area of use where diagnostic imaging is widely applied includes radiography, angiography, mammography, and fluoroscopy & interventional imaging, among others. Many suppliers of diagnostic imaging equipment are actively interested in integrating radiation exposure control devices into these imaging applications. Compared to other imaging methods, X-ray and computed tomography technologies release a significant volume of radiation. The industry demonstrates strong growth potential, owing to the high incidence of chronic illnesses, efficient and safe care-focused treatment approaches, and consumer consciousness-raising.
Due to the increasing prevalence of radiation-associated diseases, North America is expected to register a comparatively higher CAGR in the global radiation dose management market. According to evidence released in the American Heart Association Journal (AHAJ) in 2018, the patient incidence of cancer decreases following the first ten radiation exposures correlated with computed tomography angiography procedures. In the global radiation exposure control industry, Asia Pacific is projected to experience slightly slower growth due to higher device deployment costs and a lack of uniform standards in developing nations. Improving technologies and evolving healthcare infrastructure in developing countries, however, is projected to create a favorable climate for substantial global radiation dose management systems.
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Further key findings from the report suggest
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For the purpose of this report, Emergen Research has segmented the Global Radiation Dose Management Market based on the component, product, application, and region:
Component Outlook (Revenue, USD Million; 2017-2027)
Product Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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