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Radiation Dose Management Market Share, Growth Driver, Segment Analysis and Future Scope

03-26-2020 09:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Radiation Dose Management Market Share, Growth Driver, Segment

The radiation dose management market is projected to advance at a 46.0% CAGR during 2017-2023. This is due to the increasing awareness and industry initiatives, concerns associated with radiation overexposure, focus on enhancing quality of patient care, and prevalence of chronic diseases and regulatory requirements for diagnostic techniques. RDM refers to the solutions which can be easily integrated with other systems including electronic health record, picture archiving and communication system, and radiology system for monitoring, tracking, and archiving the patient dose and aids in improving patient safety.

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When product & services is taken into consideration, the radiation dose management market is categorized into services and solutions. Between these two, the solutions category held the larger share of the market during the historical period and is further expected to dominate the market during the forecast period. The category is further bifurcated into standalone and integrated solutions, between which, the integrated solutions classification accounted for the major share of the major during the historical period and is projected to dominate the market during the forecast period as well.

Another key driving factor of the radiation dose management market is the rising concern associated with radiation exposure. A major purpose of radiological protection is the prevention of adverse effects of the radiation, which can cause immense harm to a patient. Exposure to high doses of radiation over a short span of time can result in radiation sickness and at times even life-threatening diseases, such as cancer. Some symptoms of radiation sickness are bleeding, nausea, mouth & skin sores, fainting, hair loss, vomiting, diarrhea, and confusion.

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The increasing awareness and industry initiatives are also among the key factors contributing considerably to the growth of the radiation dose management market. The Medical Imaging and Technology Alliance works with imaging equipment manufacturers to help them develop industry and international standards for imaging systems and provide expert recommendations on quality and safety checks. This is to keep in check the safety of the patients and to optimize device performance. Moreover, the awareness among patients regarding the harmful effects of radiation has led to an increased need for regulating radiation dose.

Hence, the market is growing due to the increasing prevalence of chronic diseases, rising awareness and industry initiatives, and surging concern regarding radiation exposure.

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About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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