According to the report, the global radiation dose-reduction system market accounted for about USD 178 million in 2017 and is expected to reach USD 2475 million by the end of 2024, growing at a CAGR of around 45.6% between 2018 and 2024.
Sarasota, FL -- (SBWIRE) -- 11/25/2018 -- 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. Several standards have been put in place by the government and regulatory authorities to avoid high radiation doses in clinical practice to avail quality clinical services. For instance, in the U.S., FDA's regulatory authority center for Devices and Radiological Health (CDRH)in 2010 launched an initiative to reduce unnecessary radiation exposure from medical imaging. In the same way, national equipment manufacturers association has established guidelines under XR-29, for promoting low-radiation dose standards. Therefore, obligatory stringent regulatory requirements for diagnostic techniques are positively influencing the growth of the global radiation dose-reduction system market.
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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. Services segment is further sub-divided into maintenance and support services, implementation and integration services, consulting services, and training services. The radiation dose-reduction system market is segmented on the basis of application into computed tomography, fluoroscopy and interventional imaging, nuclear medicine, and radiography and mammography. The computed tomography segment accounted for the largest market share globally in 2017. This was due to the rising demand for advanced CT examination systems from the healthcare industry. Furthermore, the regulation of radiation doses in computed tomography positively influences the growth of radiation dose-reduction system market, as CT alone contributes almost half of the total radiation exposure from medical use.
Radiation dose-reduction system market is segmented based on end-user into hospitals, specialty clinics, and others. The hospital segment dominated then end-user segment in 2017, due to the increasing concerns for patient safety and improved healthcare services. Specialty clinics segment was the fastest growing end-user segment in 2017 and is projected to grow at the highest CAGR during the forecast timeframe.
The global radiation dose-reduction system market was dominated by North America in 2017and generated maximum market revenue generated in 2016. Europe was the second-largest regional market in 2017. The European high radiation dose-reduction system market is driven by increasing adoption of imaging services for disease diagnosis and the presence of advanced medical infrastructure following strict rules and regulations for superior clinical practice. The Asia Pacific region is anticipated to be the fastest growing market with great opportunity for growth in the forecast period. The market growth inBrazil and the rest of Latin America are attributed to the continuously developing healthcare sector in the region. The Middle East and Africa region are estimated to witness steady growth during the forecast period.
The report profiles major key players in the global radiation dose-reduction system market, which includesSiemens 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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This report segments the global radiation dose-reduction system market as follows:
Global Radiation Dose-Reduction System Market: By Service Type
Maintenance and support services
Implementation & integration services
Global Radiation Dose-Reduction System Market: By Application
Fluoroscopy & Interventional Imaging
Radiography & Mammography
Global Radiation Dose-Reduction System Market: By End-User
Global Radiation Dose-Reduction System Market: By Region
The Middle East and Africa