This report provides exclusive insights into the COVID-19 impact on the Radiation Dose Management Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Radiation Dose Management Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Radiation Dose Management Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on radiation dose management market provides in-depth analysis of segments and sub-segments in global as well as regional radiation dose management market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional radiation dose management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global radiation dose management market. According to the report the global radiation dose management market is projected to grow at a CAGR of 42% over the forecast period of 2018-2024.
Radiation is the transmission of energy in the form of electromagnetic wave, especially high power particles which cause ionization. The amount of radiation energy absorbed by the body is called the radiation dose. Radiation dose is described in three different ways such as absorbed dose, Equivalent dose, and Effective dose. Absorbed dose is used to measure the amount of energy deposited in human tissue. Equivalent dose is used to calculate the amount of biological damage expected from the absorbed dose. Effective dose is used to access the potential for long-term effects that might occur in the future. Moreover, radiation dose management includes real-time dose monitoring and radiation dose recording software.
According to the World Health Organization, Cancer is one of the most common causes of death, with nearly 7 million deaths each year worldwide. The major factor such as growing prevalence’s of chronic diseases such as cancer and cardiovascular across the globe are driving the growth of the radiation dose management market. Radiation therapy is a vital remedy for treating diseases such as cancer. Moreover, increasing awareness related to radiation safety among the patient and growing concerns regarding the radiation overexposure, and rising uses of computed tomography for the diagnosis of different diseases are some of the key factors fuelling the growth of the market. However, lack of funding for adoption of the Radiation Dose Management Solutions is expected to restrain the growth of the radiation dose management market. Going further, the on-going technological advancement and growing focus on interventional imaging and nuclear medicine are major factors that can offer growth opportunities over upcoming years.
Among the regions, North America accounted to be the largest region in the radiation dose management market. The factors responsible for the growth of the market in this region are stringent standards set by the government for the patient safety to avoid a high dose of radiation and increasing the occurrence the chronic diseases. Furthermore, the Asia Pacific region is expected to have significant growth in radiation dose management market over the forecast period. Countries like China and India are the fastest growing region in the Asia Pacific region. Improved healthcare infrastructure and increased healthcare expenditure and growing adoption of the imaging system are the major factors the driving the growth in the Asia Pacific region.
The report on global radiation dose management market covers segments such as type, application, and end user. On the basis of type, the global radiation dose management market is categorized into radiation dose management software and radiation dose management service. On the basis of application the global radiation dose management market is categorized into radiography, oncology, cardiology, mammography, fluoroscopy and interventional imaging, computed tomography, imaging and orthopedic. On the basis of an end, user the global radiation dose management market is categorized into hospitals, ambulatory care setting, and research institutes and academic medical centers.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global radiation dose management market such as Bayer AG, Landauer, Inc., INFINITT Healthcare Co. Ltd., PACSHealth, Koninklijke Philips N.V., GE Healthcare, Fujifilm Holdings Corporation, Agfa HealthCare, Sectra AB and Medsquare.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global radiation dose management market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of radiation dose management market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the radiation dose management market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the radiation dose management market to understand the present and future trends in this market and formulate their strategies accordingly.