The exposure to ionizing utilized in the
medical imaging procedures has left patients with an augmented perils of cancer
rather than alleviating namely menaces. This, as a result, has demanded the
acceptance of the radiation dose monitoring systems around the globe. The
requirement for the radiation dose monitoring is increasing across the globe in
line with shifting laws in the industrialized nations, which demand recording
of dosage along with growing public pressure from the victims and mass media.
Hence, the global radiation dose monitoring market is predicted to reach the
value of USD 3.76 Bn by 2023, increasing at a compound annual growth rate
(CAGR) of 8.5% during the review duration of 2018-2023.
The effective rise in the awareness related to
the radiography and their impending side effects, radiation dose monitoring
market revelations the significant growth opportunities. Moreover, the growing
patient size base affecting to augment in the chronic diseases, number of
elderly populace, and a positive increase in the number of radiography studies
are effective determinants of growth in the market.
According to the report analysis, ‘Global
Radiation Dose Monitoring Market (2018-2023)’ states that in the global
radiation dose monitoring market, there are numerous key players which
positively performing more positively for leading the fastest market growth and
registering the handsome value of market share around the globe throughout the
short span of time while delivering the better consume satisfaction, providing
effective services at a reasonable price and spreading the awareness related to
the effective impactful services includes GE Healthcare, Philips Healthcare,
Landauer, Sectra, Mirion Technologies, Inc., Fuji Electric, Ludlum, Canon
Medical Systems Corporation, Medic Vision Imaging Solutions, Ltd., Novarad
Corporation and several others.
Based on the device sector, the radiation
dosimeters registered the market with a share of nearly 75% in 2017. It is
predicted to enlarge at a higher CAGR as associated to area procedure monitor
during the reviewed period. This is primarily owing to the growth in the number
of radiological processes, increasing awareness among the public with relate to
the radiation exposure, and the augment in the number of nuclear facilities
across the globe.
Additionally, based on the type, because to
the fostering requirement of the radiation dose monitors around the globe, the
hardware and software market together dominated for more than 90% of the market
share in 2017. Not only has this, the demand to train consumers and service
delivers helped the service market increase at the highest rate during the
reviewed period.
Although, based on the application, the
effective increase in the radiology procedures throughout the globe and the
augment in the government initiatives towards radiation dose measurement,
permitted the radiography market to have the maximum market share of
approximately 55% in 2017. This segment is also predicted to have the maximum
growth rate in the given review period. In addition to that, tomography is
anticipated to follow the radiography market in terms of growth rate.
Furthermore, with growing patient population
base and increasing initiatives towards establishment of nuclear power plants,
the Asia-Pacific region and Latin American markets are predicted to observe the
highest growth rate in assessment to developed nations in the upcoming five
years. Therefore, in the near years, it is anticipated that the market of
global radiation dose monitoring will increase around the globe more
significantly over the coming years.
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