New York, NY, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Radiation Dose-Reduction System Market by Services Type (Solutions and Services), by Application (Computed Tomography, Fluoroscopy & Interventional Imaging, Nuclear Medicine, and Radiography & Mammography), and by End-User (Specialty Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018- 2024”. 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.
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.
Browse through 18 Tables & 27 Figures spread over 115 Pages and in-depth TOC on “Global Radiation Dose-Reduction System Market: Industry Type, Size, Share, Trends and Forecast, 2018- 2024”.
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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.
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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.
North America dominated the radiation dose-reduction system market with more than 40% of the total market share in 2017. The U.S. was the leading country with the highest growth rate in the region, due to the presence of advanced healthcare facilities and diagnostic imaging, and growing awareness about the side effects of radiation. In addition, the growing prevalence of cancer in the region is also anticipated to fuel the growth of the North American radiation dose-reduction system market. According to cancer incidence and mortality statistics reported by the American Cancer Society, more than 40,000 cases of cancer are reported every year in the U.S. The U.S. is expected to maintain this leading position over the forecast period as well.
Browse the full "Radiation Dose-Reduction System Market by Services Type (Solutions and Services),by Application (Computed Tomography, Fluoroscopy & Interventional Imaging, Nuclear Medicine, and Radiography & Mammography), and by End-User (Specialty Clinics, Hospitals, and Others): Global Industry Perspective, Comprehensive Analysis,and Forecast, 2018- 2024" report at https://www.zionmarketresearch.com/report/radiation-dose-reduction-system-market
The second largest regional market in 2017 was Europe. The region is expected to show a significant rate of growth in the upcoming years, owing to increasing government regulations regarding radiation dose reduction. Favorable reimbursement policies and the presence of advanced medical facilities, such as multispecialty hospitals and diagnostic centers, are positively impacting the growth of the European radiation dose-reduction system market.
The Asia Pacific region is the fastest growing market for radiation dose-reduction system. Emerging markets, such as China and India, are anticipated to dominate the radiation dose-reduction system market in the Asia Pacific region. This growth can be attributed to the rapidly developing healthcare infrastructure and the rising awareness regarding the harmful effects of radiation.
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Latin America and the Middle East and Africa are emerging markets for radiation dose-reduction system, growing at a significant growth rate. The market growth in Brazil and the rest of Latin America can be attributed to the continuously developing healthcare sector in the region. The Middle East and Africa are estimated to witness slow growth in the upcoming years, due to the lack of advanced healthcare facilities in the region.
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
- Solutions
- Integrated solutions
- Standalone solutions
- Services
- Maintenance and support services
- Implementation & integration services
- Consulting services
- Training services
Global Radiation Dose-Reduction System Market: By Application
- Computed Tomography
- Fluoroscopy & Interventional Imaging
- Nuclear Medicine
- Radiography & Mammography
Global Radiation Dose-Reduction System Market: By End-User
- Hospitals
- Specialty Clinics
- Others
Global Radiation Dose-Reduction System Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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