The global Radiation Dose Monitoring market size is expected to be worth around US$ 13.9 billion by 2030, according to a new report by Vision Research Reports.
The global Radiation Dose Monitoring market size was valued at US$ 11.8 billion in 2020 and is anticipated to grow at a CAGR of 18.2% during forecast period 2021 to 2030.
The advantage of automated dose monitoring systems to track individual and cumulative radiation dose exposure in patients is driving significant demand for the product.
Dose monitoring is achieved by the use of software and designated products such as dosimeters. Dose management software analyzes, identifies, and optimizes radiation dose performance with precise data. This data aids the physicians to provide quality care to the patients. Furthermore, easy integration of software into existing medical architecture of hospitals will boost the value of existing medical systems and ensure safety of using them.
Area of application commonly employing the use of medical imaging is radiography, angiography, mammography, fluoroscopy & interventional imaging and nuclear medicine. Several medical imaging technology manufacturers are constantly involving in the incorporation of the radiation dose monitoring tools in these imaging platforms. X-ray and computed tomography technique are known to emit a large amount of radiation as compared to other imaging platforms. The overall market exhibits promising growth prospects pertaining to high prevalence of chronic diseases, effective and reliable treatment methods focusing on care, and increasing patient awareness.
Dosimeters accounted for the largest market share in 2020, on account of its utility in human emission protection. Dosimeters are useful in the measurement of dosage in both medical as well as industrial processes.
As of 2015, area process monitors are expected to be the second largest growing segment in owing to its application in ionization emission exposure monitoring in medical practice. These monitors assist practices with high accuracy and reliability in radiation detection and alerts when there is a breach in permitted levels of radiation.
The software (dose tracking, monitoring, & analytics software) segment in dose monitoring & management market is leading with the highest revenue share in 2015. Factors estimated - responsible for this phenomenon is its utility in easy collection and analysis of patient ionization emission exposure across multi-facility, multi-modality, and multi-vendor imaging environments. Software employed for monitoring radiation doses enables health care professionals to monitor the levels as per the standard ionization emission exposure guidelines, and thus improve the overall quality of life of the patients at a risk of acquiring cancer.
On the other hand, the services segment recorded healthy growth in 2020. Increasing patient awareness on factors such as the adverse risks of emissions from medical imaging has mandated healthcare systems to scrutinize medical ionization emission quality assurance. This has resulted in high demand for support and maintenance services. Implementation and integration services, education and training services and consulting services constitute various types of services.
Radiography is the dominating segment in 2020 which includes digital as well as computed radiography. Radiography is growing due to its increasing use in the diagnosis of cancer. Cancer, being a significant disease burden and its increasing risk due to an increase in geriatric population group worldwide - radiography segment is expected to be leading in revenue generation.
and angiography represents prominent segments and are growing at a healthy CAGR followed by radiography. Angiography procedures are conducted in patients with angina (chest pain) and those suspected of coronary artery disease. The high disease burden of heart related diseases such as heart attack and coronary artery disease worldwide coupled with increasing breast cancer cases, results in high growth of angiography and mammography segments.
North America region accounts for highest revenue generator in 2020, followed by Europe. The U.S. follows a strict diagnostic imaging standard, recently stated by the Joint Commission in 2014 to observe safety and monitoring of ionization emission dose levels. Furthermore, computed tomography was identified to be one of the leading causes of cancer and responsible for around 2% to 3% of the oncology cases diagnosed annually in the United States in the year 2007, which has been rising since. The threat of radiation exposure from diagnostic imaging and the presence of regulatory requirements for the use of ionization emission have been identified as major factors influencing growth in the region.
The Asia Pacific market is expected to grow at a rapid rate. Countries like Japan and South Korea are under the scanner for high radiation levels. Furthermore, a developing medical setup to improve healthcare delivery in APAC, mainly in countries such as China, India, Brunei, Thailand and Indonesia is expected to fuel further growth in the region
GE Healthcare, Sectra, Medicvision, Philips Healthcare, Toshiba MSC, Bayer AG, Landauer, Inc. and Thermo Fisher Scientific, Inc
Component Outlook Software
Fluoroscopy & Interventional Imaging
Area Process Monitors
The Radiation Dose Monitoring market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Radiation Dose Monitoring market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Radiation Dose Monitoring market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Radiation Dose Monitoring market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Radiation Dose Monitoring market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Radiation Dose Monitoring capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Radiation Dose Monitoring by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Radiation Dose Monitoring market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Radiation Dose Monitoring market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Radiation Dose Monitoring market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Radiation Dose Monitoring industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Radiation Dose Monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Radiation Dose Monitoring market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Radiation Dose Monitoring market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Radiation Dose Monitoring market. These factors have benefited the growth of the global market for Radiation Dose Monitoring. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Radiation Dose Monitoring. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Radiation Dose Monitoring are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.