Radiation Dose Monitoring Market Report

Radiation Dose Monitoring Market Analysis By Component, By Application (Radiography, Angiography, Mammography, Fluoroscopy & Interventional Imaging, Nuclear Medicine), By Product (Dosimeters, Area Process Monitors), And Segment Forecasts, 2014 - 2025

Published: January 2017  |  80 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-746-9

Industry Insights

The global radiation dose monitoring market was valued at USD 1.8 billion in 2015 and is projected to grow at a CAGR of 8.2% over the forecast period. Increasing awareness about the radiography and their potential side effects, radiation dose monitoring market exhibits significant growth opportunities.

One of the major factors contributing towards the growth of the market is the increasing use of medical imaging technological platforms such as X-ray, computed tomography (CT), fluoroscopy and nuclear medicine. In addition, growing patient size base pertaining to increase in chronic diseases, number of elderly population, and a rise in number of radiography studies are significant determinants of growth in the market.

U.S. radiation dose monitoring market, by application, 2014 - 2025 (USD Million)

U.S. radiation dose monitoring market

Product Insights

Dosimeters accounted for the largest market share in 2015, 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.

Component Insights

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 2015. 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.

Germany radiation dose monitoring market, by component, 2015 (USD Million)

Germany radiation dose monitoring market

Application Insights

Radiography is the dominating segment in 2015 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.

Mammography 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.

Regional Insights

North America region accounts for highest revenue generator in 2015, 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.

Competitive Insights

Some of the key market players recognized in this market are GE Healthcare, Sectra, Medicvision, Philips Healthcare, Toshiba MSC, Bayer AG, Landauer, Inc. and Thermo Fisher Scientific, Inc.

The factors such as technological advancements, investment in research & development, and compliance with the regulatory policies are constantly driving innovation in the radiation dose monitoring market.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 & 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, China, India, Brazil, Mexico, South Africa, Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth and provides an analysis on the market trends in each of the submarkets from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the radiation dose monitoring market on the basis of component, application and product:

  • Component Outlook (Revenue, USD Million; 2014 - 2025)

    • Software

    • Service

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Radiography

    • Angiography

    • Mammography

    • Fluoroscopy & Interventional Imaging

    • Others

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Dosimeters

    • Area Process Monitors

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Mexico

      • Brazil

    • MEA

      • South Africa

      • Saudi Arabia

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