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Radiation therapy is a vital branch of medical science. Using electromagnetic waves, various diseases are diagnosed and treated. It is extensively used for treatment of various types of cancer. However, radiation therapy also poses adverse side-effects. Hence, during any radiation based medical procedure, monitoring right dose of radiation is paramount.

The quantity of radiation casted to a patients is defined as radiation dose. Further, it is measured in several forms such as effective dose, equivalent dose, and absorbed dose.

Safety Concerns against Adverse Effects of Radiation Boosts Adoption of Radiation Dose Management Technique

Growing cases of chronic diseases such as cancer and cardiovascular diseases are propelling demand for radiation dose. Moreover, rising safety concerns regarding use of radiation, improvement in quality of patient care, and growing number of diagnostics screening tests are some of the key factors driving the global radiation dose management market.

As per report published by Transparency Market Research, the global radiation dose market is anticipated to expand at a lucrative CAGR of approximately 26.7% between 2018 and 2026 (forecast period). On the basis of given predicted CAGR, the market is estimated to reach a value equivalent to US$ 1,361.5 Mn by 2026, whereas the market size stood at a value of US$ 143.2 Mn in 2017.

Oncology Segment Accounts for Maximum Market Share

On the basis of application, the global radiation dose management market categorized into cardiology, orthopedic, oncology, and others. Among all, the oncology segment is estimated to capture largest share in radiation dose management market. Prominence of the segment is attributed to increasing incidence of cancer across the globe and radiation therapy being the effective treatment options among all.

The growth of the global radiation dose management market is estimated to observe substantial growth over the tenure of analysis. A dose of clinical radiation is not like the one that of drugs. With regards to radiation dose, there are different units of and types of units of measurement. A radiation dose will inform us about the impact the radiation has on tissue. This dose can be computed in a number of ways. What those distinct doses can tell us are mentioned as below:

  • Absorbed dose is the one that is utilized in the assessment of the capacity of biochemical adjustments in particular tissues.
  • Equivalent dose is used in the evaluation of how much biological harm is anticipated from the absorbed dose as different radiation types come with distinctive unfavorable properties.)
  • effective dose is used to evaluate the capability for long-term outcomes that might arise in the future

There are numerous portions in which dose is measured (e.g., mGy, mSv). Radiation dose is a measurement of the way a lot energy is deposited into a material from a supply of radiation. It is computed in units known as rads.

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On the subject of judging protection from radiation, there are a lot of uncertainties. The only actual statistics we have on the health outcomes of radiation are the ones that come from the sufferers of the nuclear bombings in Japan or from the victims of other such very high-radiation related mishaps. Receiving a huge dose of radiation in a very brief time (say for hours or days) could be very dangerous. In reality, 50% of humans getting more than three hundred REM in a brief time will die within 30 days time from extreme radiation poisoning. In a bid to get this type of dose, one would actually need to stand very near (without any kind of protection) to a nuclear chain reaction or some other extreme source of radiation, say for example, a freshly spent gas rod. Therefore, obviously, a lot of radiation is very terrible and can even prove to be fatal.

Less severe doses can nonetheless have critical health outcomes. Radioactive debris flow through cells, disintegrating their DNA and do away with them, or inducing them to turn out to be cancerous. Our skin gives proper protection toward a good deal of the radiation we come across on each day basis. But, whilst taken up or ingested into the body (like inside the thyroid), very small quantities of radioactive fabric can cause serious contamination and loss of life.

The global radiation dose management market is quite a fragmented one with the presence of many local as well as international players. Some of the leading firms in the global radiation dose management market comprise Koninklijke Philips N.V., Fujifilm Holdings Corporation, Novarad Corporation, Sectra Medical Systems AB, PACShealth LLC, and Bracco Imaging SpA.

Demand to Ride on the Back of the Growing Need for Determination of Exact Dose of Radiation

Radiation dose management in the healthcare sector has facilitated customers in reducing their workflow with additional security, efficiency, and correct information management. These benefits are predicted to bolster growth of the global radiation dose management market in the years to come. In addition, the advent of radiation dose management as assisted physicians and doctors to figure out the accurate dose of the radiation. The upward push in the utilization of the radiation dose management has benefitted the healthcare professionals to deal with cancer sufferers quite well. The rise in the occurrences of various types of cancer is driving the demand for radiation data management software and services, which, in turn, is predicted to propel growth of the global radiation dose management market over the period of analysis. Radiation dose management is predicted to offer scope for various strategic moves such as acquisitions and mergers of healthcare corporations and IT groups for the growth of global radiation dose management market during the forecast period.

There was an increase in radiation exposure in patients who underwent computed tomography (CT), inflicting burns and radiation poisoning. Because of high dose exposure at the same time as undergoing the existing process of CT scans, producers are including technology for proper dose estimation for a CT scan procedure. New CT scan systems with dose reduction hardware and software program-embedded technology reduce the chance of radiation exposure to patients. For instance, Bayer’s Radimetric employer Platform automates the dose documentation with the usage of Medrad Stellant CT injection system, with Certegra.

The Canon medical systems Aquilion One/Genesis edition CT is capable of lessening the need for multimodality assessments because it captures the photograph of the complete brain with a single 640-slice rotation. It additionally reduces the noise all through the process, and the radiation dose is reduced by as much as 82.4%. The Aquilion Precision system is the first FDA-approved ultra-high-resolution computed tomography.

In addition, with the increasing burden of persistent illnesses, which includes most cancers, availability of superior products and growing consciousness about the product, the global radiation dose management market is assumed to develop over the forecast period.

Driven by the US, North America is Estimated to Remain at the Forefront of Market Growth

North America is estimated to surface as the leading region in the global radiation dose management market.  According to the estimates of a report published by Harvard Medical School, over 80 million CT scans are performed every year in the US. The scanning process transformed the treatment and diagnosis landscape and introduced new treatment methods, such as dual-energy and perfusion CT, colonography, and CT angiography. However, there exists a rise in concern due the adverse effects of exposure to high doses radiation and associated risk. This increased concern is likely to support development of the radiation dose management market in the North America.

Radiation Dose Management Market - Overview

This report on the radiation dose management market analyzes the current and future scenario of the global market. The global radiation dose management market report comprises a detailed elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the country’s market with respect to the segments based on products and services, modality, application and end user. An elaborated qualitative analysis of drivers and trends has been provided in the market overview section. This section also provides market attractiveness analysis in terms of country, thus presenting a thorough analysis of the overall competitive scenario in the global radiation dose management market.

Based on products and services, the global radiation dose management market has been classified into software and services. The market segments have been analyzed based on the different radiation dose management solution and tools that are available in the market and widely utilized by healthcare organizations. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year.

Based on modality, the market has been segregated into computed tomography, radiography and mammography, fluoroscopy and interventional imaging, nuclear medicine scans, and others. In term of application, the market has been bifurcated into oncology, cardiology, orthopedic, and others. The market segments have been extensively analyzed based on imaging system used in time of diagnosis, which type of disease are diagnosed, and imaging with radiation dose management and medical reimbursements. The market size and forecast in terms of value (US$ Mn) for each segment have been provided for the period from 2016 to 2026. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2018 to 2026, considering 2017 as the base year. Based on end-user, the radiation dose management market has been split into hospitals, ambulatory care settings, research organizations, and others. The end-user segmentation has been done on the basis of purchase of radiation drug management system and solution, which is used for imaging diagnosis.

In terms of geography, the global radiation dose management market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

The report also profiles major players in the global radiation dose management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Key players operating in the global radiation dose management market include Landauer, Inc., Spectra AB, Agfa-Gevaert N.V., INFINITT Healthcare Co. Ltd., Bayer AG, PACSHealth, LLC, Koninklijke Philips N.V., GE Healthcare, Thermo Fisher Scientific, Fujifilm Holdings Corporation, and QAELUM NV.

The global radiation dose management market is segmented as follows:

Product and Services

  • Software
    • Integrated Solution
    • Standalone Solution
  • Services

Modality

  • Computed Tomography
  • Radiography and Mammography 
  • Fluoroscopy and Interventional Imaging
  • Nuclear Medicine Scans
  • Others

Application

  • Oncology
  • Cardiology
  • Orthopedic
  • Others

End-user

  • Hospitals
  • Ambulatory Care Settings
  • Research Organizations
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa (MEA)
    • South Africa
    • GCC Countries
    • Israel
    • Rest of MEA

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Radiation Dose Management Market