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Radiation Dose Management (RDM)
Market to Cross $1.7 billion by 2023
According to the study, the global radiation dose management market islikely to develop at a CAGR of 46.0% during 2017-2023. RDM solutions andservices are offered for various imaging modalities such as computedtomography (CT), nuclear medicine, fluoroscopy and interventionalimaging, radiography and mammography, and others.
Radiation dose management solutions and services are mostly utilized formonitoring radiation dose in CT. Globally, certain standards have been setup by the government to avoid high dose of radiation and have linked thesedoses to reimbursements, so that the radiologists give priority to the newguidelines. For instance, in 2014, National Equipment ManufacturersAssociation (NEMA) established certain guidelines under XR-29, forpromoting low radiation dose standards. According to these guidelines, ifthe dose standards for CT are not followed it can bring down thereimbursement, as much as 15% for CT scanners that don’t meet thestandards set forward by XR-29. Therefore, stringent regulatoryrequirements for diagnostic techniques supports the demand for radiationdose management solutions and services.
Radiation Dose Management (RDM) Market
Access Report Summary with Deatiled TOC on "Radiation DoseManagement (RDM) Market by Product & Services (Solutions, Services), byModality (Computed Tomography, Nuclear Medicine, Fluoroscopy &Interventional Imaging, Radiography & Mammography), by End User(Hospitals, Super Speciality Clinics), by Geography (U.S., Canada, Germany,France, U.K., Italy, Spain, Japan, China, India) - Global Market Size, Share,Development, Growth and Demand Forecast, 2013-2023“
at: https://www.psmarketresearch.com/market-analysis/radiation-dose-management-market
Due to the harmful effects of radiation the patients are becoming awareabout the ways to reduce the levels of radiation dose. There are many otheras well that are being taken to develop systems by integrating digitaltechnologies with healthcare services that provide reduced dose withbetter image quality, thereby driving the market demand.
Radiation Dose Management (RDM) Market
As per the findings of the research, radiation dose management solutions occupiedthe larger share of the global market in 2016, since these solutions enable thehealthcare providers to track and evaluate the radiations emitting from differentdiagnostic procedures. The players in the industry provide services such asimplementation and integration, support and maintenance, consulting and trainingand education. Among all the services, implementation and integration held thelargest share of the market in 2016, since these services are associated withinstallation of solutions and integration with other systems in the healthcaresettings.
Radiation dose management solutions and services are used for managing radiationdose from different imaging modalities. On the basis of modality, CT registered thelargest share of the market in 2016, as it involves high doses of radiation, resultingin a marked increase in radiation exposure in the population.
Hospitals and super speciality clinics are the key end user of the RDM solutions andservices and held largest share in 2016, mainly due to increasing number ofinstallation of these solutions and growing number of diagnostic procedures in thetreatment and management of diseases in the hospitals.
Insights on market segments
Radiation Dose Management (RDM) Market
Geographically, North America has been the largest market for RDM, with the U.S. being thelarger contributor to the regional market, as compared to Canada. The leading position of theNorth American market is mainly attributable to the high number of CT examinationsperformed, increasing prevalence of chronic diseases and rising adoption of radiation dosemanagement software in the region. The Medical Imaging and Technology Alliance (MITA) hastaken aggressive efforts to optimize patient dose across the industry in the U.S., which isfurther expected to increase the demand for RDM solutions in the region.
The European Directives has set some standard for safety and health in the workplace. Thesedirectives have to be transposed into the national legislation of the member states of theEuropean Union, by February 2018, which is likely to increase the adoption of solutions andservices by healthcare providers in the region to maintain the safety standards for radiationdose in diagnostic imaging.
There are several movements being made to reduce the dose of interventional radiology,which provides growth opportunities to increase market share of RDM solutions and servicesproviders. For instance, with the explosive growth of interventional oncology, the Society ofInterventional Oncology (SIO) has been founded to focus entirely on the sub-specialty field ofinterventional radiology in order to reduce the use of radioactive material for radiationtherapy.
North America stands as the largest radiation dose management market
Radiation Dose Management (RDM) Market
Globally, the key players in the radiation dose management market areintroducing new solutions with advanced features to increase their marketshare. For instance, in November 2016, Koninklijke Philips N.V. introducedDoseWise Portal 2.2, a next-generation radiation dose managementsoftware platform for healthcare providers to record, track and analyseradiation exposure to patients and clinicians.
Key players in the market are introducing new products to offer advanced radiation dose management solutions
Radiation Dose Management (RDM) Market
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