Amid the rising intensity of competition in established regions and a
vast set of untapped opportunities in emerging markets as government
bodies put more emphasis on the improvement of healthcare
infrastructure, emerging markets such as Asia Pacific and Latin
America could prove to be the most promising investments for
companies in the global radiation dose management market. Companies
in the market will benefit from an increased focus on the improvement
of efficiency of value chains, from marketing to export in new
regional markets and logistics to distribution, observes Transparency
Market Research in a recent report.
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Some of the leading companies in the market are INFINITT Healthcare
Co. Ltd., Afga-Gevaert N.V., Sectra AB, PACSHealth, LLC, GE
Healthcare, Bayer Healthcare AG, Thermo Fisher Scientific,
Koninklijke Philips N.V., Fujifilm Holdings Corporation, and QAELUM
NV.
According to the report, the global radiation dose management market
was estimated at US$1,432.0 mn in 2016 and is expected to expand at
an impressive CAGR of 9.1% from 2017 to 2025, rising to an estimated
value of US$3,066.1 mn in 2025.
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Of the key applications of the global radiation dose management
market, the oncology segment held the dominant share in 2016. The
segment is also expected to continue to expand at a promising pace
over the forecast period as well, holding a substantial share of the
overall market over the report’s forecast period, owing chiefly to
the increasing number of cancer cases globally.
Geographically, the market in North America accounted for a dominant
share in the global market in 2016 and continues to remain a regional
market with highly promising growth opportunities. The promising
expansion of the regional market is attributed to the
well-established healthcare sector, presence of some of the world’s
leading medical device companies, and strong reimbursement policies.
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Radiation therapy is one of the important modes of remedy employed
for a diverse varieties of disease such as cancer. However, radiation
treatment is often associated with several side effects caused due to
the ionization of healthy cells in the process of targeting diseased
cells. To mitigate these side effects, monitoring of the radiation
dose, which refers to the quantity of radiation absorbed by the
patient, is of high importance. An increasing awareness regarding the
patient safety is compelling healthcare practitioners to employ
effective measures for radiation dose management.
The vast rise in the number of chronic diseases such as
cardiovascular conditions, a variety of cancers, rising safety
concerns, improving quality of patient care, and growing number of
diagnostics screening test are expected to emerge as the key factors
driving the global market for radiation dose management. The market
is also expected to be positively influenced owing to the massive
rise in government initiatives aimed at the improvement of healthcare
infrastructure and the increased inclusion of advanced digital
technologies in healthcare systems.
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