Radiation Dose Monitoring Market is Anticipated To Generate Significant Revenues by 2025
Recent developments
In 2020, International medical imaging IT and cybersecurity company Sectra has signed a contract with the Swedish healthcare provider Region Halland to deliver its radiology imaging solution as a cloud service. The new service will provide a unified IT system for radiology where images and information will be accessible across the entire region, with Sectra assuming responsibility for operation of the system. This proves to be an opportunity for generation of demand for dose monitoring devices and software of Sectra, called Sectra DoseTrack.
In 2019, Royal Philips (Amsterdam, the Netherlands) expanded its radiology solutions portfolio with innovative teleradiology services, aimed at addressing the increasing shortage of radiologists, as well as the pressing need to improve access to precision diagnoses. This proves to be beneficial in increasing the reach of the technology to the needy people by creating awareness. It leads to increase in the demand in the market for radiation dosage control.
In 2018, GE announced the results of its strategic review, and plans to separate GE Healthcare into a standalone company and pursue an orderly separation from BHGE over the next two to three years to make its corporate structure leaner and substantially reduce debt. This will provide GE Healthcare Company from financial freedom and will lead to new product launches in radiation dosage monitoring sector.
In 2016, Dosage monitoring products received a new influx of energy from the GE Healthcare with DoseWatch Explore. DoseWatch Explore is Web-based, cloud-deployed, dose management software that tracks, analyzes and reports practice-level radiation dose data for GE computed tomography (CT) systems.
In September 2018, AngioDynamics said that it inked a deal to acquire dose monitoring tech developer RadiaDyne. The deal added RadiaDyne’s early-stage OARtrac real-time radiation dose monitoring platform and its IsoLoc, ImmobiLoc and Alatus balloon stabilizing technologies to Latham, N.Y.-based AngioDynamic’s oncology portfolio. This acquisition gives a promise to deliver on AngioDynamics commitment to build a world-class oncology portfolio.
In July 2018, Sectra Wins Memorial Hermann Enterprise Radiation Dose Monitoring Contract. Sectra installed its cloud-based, radiation dose monitoring software, Sectra DoseTrack, throughout Memorial Hermann Health System. The software increased patient safety by detecting patients’ radiation exposure, ensured compliance with regulatory requirements and standardized all radiation dose data throughout the enterprise.
In 2017, Medic Vision, the pioneer and US market leader in 3rd party XR-29 standard solutions, announced that it was granted a patent by the US Patent and Trademark Office on its XR-29 Dose-Check system (Patent No. 9693747), which is an integral part of the notable market-leading SafeCT-29 product suite. Since being officially launched, SafeCT-29 has been installed in hundreds of medical care centers throughout the US, making Medic Vision the leading NEMA XR-29 third-party compliance solution provider. This proves the reliability of the products in the market and plays an important role in creating demand for it.
In 2017, Royal Philips said that it partnered with West Physics to create a turn-key computed tomography radiation dose management program. The partnership combined dose tracking technology from Philips and medical physics expertise from West Physics into Philips DoseWise portal to help hospitals establish programs for managing CT protocol optimization, optimize CT equipment through protocol management and benchmarking and meet regulatory standards.
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