Radiation Dose Management Market by Products, Services, Application & End User - 2022

The global market is segmented on the basis of products & services, modality, end user, and region. On the basis of products and services, the market is segmented into solutions and services. The solutions market is further subdivided into standalone solutions and integrated solutions. The services market is subdivided into implementation and integration services, support and maintenance services, consulting services, and education and training services. By modality, the market is divided into computed tomography, fluoroscopy and interventional imaging, radiography & mammography, and nuclear medicine. The market is further segmented by end users into hospitals, ambulatory care settings, and research institutions and academic medical centers.

Radiation Dose Management Market

Geographically, the global market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2017, North America accounted for the largest share of the global radiation dose management market, followed by Europe, Asia-Pacific, and RoW. This is due to the presence of a large number of hospitals and health systems, changing regulations, increasing accreditation requirements, and the increasing need to curtail the soaring healthcare costs.

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However, the market in Europe is expected to grow at the highest CAGR during the forecast period. Government initiatives in this region to increase patient safety and the need to improve overall efficiency in healthcare organizations are driving the growth of the European market. The EU directives regarding the use of ionizing radiation, which will be repealed from February 6, 2018, is a prime factor for the increasing adoption of radiation dose management solutions by healthcare providers in Europe, which in turn is driving the growth of this geographic segment during the next two years

The key players in the radiation dose management market are Bayer AG (Germany), GE Healthcare (U.S.), PACSHealth LLC (U.S.), Philips Healthcare (Netherlands), Fujifilm Holdings Corporation (Japan), Novarad Corporation (U.S.), Siemens Healthineers (Germany), AGFA Healthcare (Belgium), Sectra AB (Sweden), QAELUM N.V. (Belgium), Bracco Imaging S.p.A. (Italy), and Medsquare (France). Key players in the radiation dose management market are pursuing several organic and inorganic growth strategies such as product launches & upgrades, partnerships, collaborations & agreements, acquisitions, and expansions to garner larger shares in the market.

The global radiation dose management market is estimated to grow at a CAGR of 42.0% from 2017 to 2022, to reach USD 931.3 Million by 2022 from USD 161.3 Million in 2017. This market is mainly driven by the increasing needs to cut radiation dose levels causing chronic diseases, need for regulatory compliance, and need for improved patient safety and for accurate and reliable systems to manage critical radiation dose levels and information. Moreover, the safe and ensured environment through radiation dose management systems results in a streamlined workflow, thus increasing the operational efficiency and quality of healthcare organizations. However, lack of funding and lack of standardized protocols for radiation dose management are expected to restrain the growth of this market to a certain extent in the developing regions.

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Source : https://www.aboutpharma.com/blog/2017/05/10/radiation-dose-management-market-worth-931-3-million-usd-by-2022/

Overview of Global Healthcare IT Market

Over the years, the adoption of HCIT solutions has increased significantly, mainly due to factors such as rising healthcare costs, increasing demand for more efficient and interoperable systems, and the challenges faced by providers (such as patient management, managing Big Data and analytics, and security breaches).

Government compliance and regulatory issues also increase the burden on both providers and HCIT companies. These challenges, in turn, trickle down to payers and accountable care organizations (ACOs). HCIT solutions can help address these issues.

MarketsandMarkets helps HCIT companies understand the pain points and provide appropriate strategies to deal with them. The services provided by our HCIT consultants include:

Adoption Rate Analysis of Various Solutions
• End-user Perception Analysis
• Budget Analysis
• Competitive Scenario, Regulations, and Market Assessment

Published Reports:

 "Patient Engagement Solution Market "

Patient engagement solutions involve healthcare information technology (HCIT) solutions, associated hardware, and services that are typically used to engage patients in their own health. These platforms enable patient centric healthcare delivery to ensure value-based care and enhance health outcomes.

The patient engagement solutions market is projected to reach USD 18.68 Billion by 2022 from USD 7.49 Billion in 2016, at a CAGR of 16.2%.

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Factors such as a rise in the aging population, increasing burden of chronic diseases and focus of patients on self-managing their care has led to an increase in the adoption of patient engagement solutions globally.

However, in spite of the numerous benefits certain barriers such as security of patient data and lack of interoperability are restraining the growth of this market. In this report, 2016 is considered as the base year and the forecast period is from 2017 to 2022.

"Healthcare IT Consulting Market "

 A number of factors such as growing digitization in healthcare, rapidly changing HCIT landscape, government support for healthcare IT solutions, growing HCIT expenditure, lack of skilled IT professionals in the healthcare industry, growing venture capital investments in health IT, and the need for data security are driving the growth of healthcare IT consulting market. On the other hand, end-user concerns regarding the confidentiality are restraining the growth of this market.

The global HCIT consulting services market is expected to reach USD 45.42 Billion by 2022 from USD 18.38 Billion in 2017, at a CAGR of 19.8%.

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"Computer Assisted Coding Market"

The growth of the market can be attributed to the transition to ICD-10 coding standards from ICD-9 in North America, the rising demand for CAC solutions, the growing need within the global healthcare system to curtail increasing healthcare costs, improve coding accuracy, and streamline the revenue cycle management procedures.

However, high implementation and maintenance expenses for computer-assisted coding and lack of IT professionals in the healthcare industry are likely to hinder the growth of the market to some extent.

The global computer-assisted coding market is projected to reach USD 4.75 Billion by 2022 at a CAGR of 11.5% during the forecast period.

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In 2016, the solutions segment dominated the product and service computer-assisted coding market. The solutions segment is subsegmented into standalone software and integrated software.

The integrated computer-assisted coding software segment is the fastest-growing segment of the global computer-assisted coding solutions. This can be attributed to the growing need for optimized computer-assisted coding software for seamless workflow and successful data integration within healthcare provider systems.