The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 120 pages.
Quadintel recently published a new research report on the Radiation Dose Monitoring Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Radiation Dose Monitoring Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
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The use of ionizing radiation in medical imaging processes has led to an increased risk of cancer among patients, leading to a need for radiation dose monitoring systems worldwide. This demand is rising in line with changing laws in developed nations, which require the recording of dosage along with increasing public pressure from patients and mass media. The global radiation dose monitoring market is anticipated to reach a value of USD 3.76 billion by 2023, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period of 2018-2023.
The market can be segmented by device, type, application, and region. The radiation dosimeters dominated the market with a share of nearly 75% in 2017, expected to expand at a higher CAGR compared to area process monitor during the forecasted period. The hardware and software market together accounted for more than 90% of the market share in 2017, while the service market grew at the highest rate during the forecasted period, owing to the need to train consumers and service providers.
The rise in radiology procedures and government initiatives towards radiation dose measurement have enabled the radiography market to have the highest market share of nearly 55% in 2017, expected to have the highest growth rate in the given forecast period. The tomography market is expected to follow the radiography market in terms of growth rate.
North America led the market with a share of nearly 45% in 2017, attributed to the presence of a large number of healthcare facilities, nuclear power plants, and global players in this region. However, with a rising patient population base and growing initiatives towards establishing nuclear power plants, the Asia-Pacific and Latin American markets are expected to witness the highest growth rate compared to developed nations in the coming five years.
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Several companies are making significant contributions to the radiation dose monitoring market, including GE Healthcare, Philips Healthcare, Landauer, Sectra, Mirion Technologies Inc., Fuji Electric, Ludlum, Canon Medical Systems Corporation, Medic Vision Imaging Solutions Ltd., and Novarad Corporation.
It also discusses market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, and future forecasts for various regions and/or countries.
North America’s market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered in the report, along with Latin America’s market size, Y-O-Y growth, market players analysis, and opportunity outlook. The report also covers Europe’s market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as the U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, and Rest of Europe. Asia-Pacific’s market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered as well, along with the Middle East and Africa’s market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East and Africa.
The demand for radiation dose monitoring is rising globally due to changing laws in developed nations and increasing public pressure from patients and mass media. The market can be segmented by device, type, application, and region, with radiation dosimeters dominating the market and the radiography market having the highest market share. North America is currently leading the market, but the Asia-Pacific and Latin American markets are expected to witness the highest growth rate in the coming years.
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The following are significant aspects of the industry that may be relevant:
Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry’s potential.
Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.
Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.
Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.
Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.
Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.
Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.
This report covers several key questions related to the global market, including:
- What can be expected for the market in the next decade?
- What are the primary drivers of growth in the global market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the market vary based on the size of the end market?
- What is the breakdown by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the market?
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