Oncology to Be the Most Promising Application to Invest In
Among Application, oncology segment is projected to hold dominant share of global radiation dose management market during the forecast period and is likely to expand at CAGR of around 9.0% from 2017 to 2025. Growth of segment is attributed to increasing number of cancer cases. According to American Cancer Society, in 2016, more than 3.5 million women in the U.S. suffer from breast cancer and the number of patients is increasing. Others (neurology and gynecology) segment are expected to grow at a sluggish pace and acquire a stable market share of 2.1% by the end of 2025 and this is attributed to less prevalence of neurological diseases as compared to oncology and cardiovascular diseases. Hospitals are projected to be leading segment of end user over the forecast period and are likely to register growth at CAGR of over 9.0% from 2017 to 2025 and this is due to rise in the number of patients getting treated at hospitals.
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Europe to Resister Exponential Growth and Offer Huge Incremental Opportunity
In terms of value, North America was leading contributor in global radiation dose management market in 2016. Growth of the market in North America is attributed to well-established health care infrastructure, presence of key players in the region, and favorable reimbursement policies. Moreover, growth of the region is due to rising awareness regarding the use of integrated software technology for radiation monitoring which allows faster and accurate analysis. Healthcare spending in emerging markets such as Germany, France, Switzerland are rising, which is fueling the expansion of Europe radiation dose management market. Regaining economic growth in Latin American markets such as Brazil is augmenting healthcare expenditure through rise in private health insurance, entry of international device manufacturers and health care providers in this region. This factor is likely to propel Latin America radiation dose management market at CAGR of 7.8% from 2017 to 2025.
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Key Players such as Bayer HealthCare AG, GE Healthcare, Agfa-Gevaert N.V. and Koninklijke Philips N.V. are Likely to Continue to Lead the Global Radiation Dose Management Market
The report also provide profiles of leading players operating in global radiation dose management market include Landauer, Inc., Sectra AB, INFINITT Healthcare Co. Ltd. , PACSHealth, LLC , Thermo Fisher Scientific, Medsquare SAS, Siemens AG, Fujifilm Holdings Corporation, and QAELUM NV. Expansion of radiation dose management market through improving existing products and developing new products is one of the key strategy adopted by many key players, recent developments and launch of new system such as Kyleena a new low dose levonorgestrel-releasing intrauterine system by Bayer HealthCare AG and other key players reflect these strategies
