Global nuclear imaging equipment market is expected to grow at a CAGR of 4.8%, during 2017 - 2023. According to the study, the global nuclear imaging equipment market is likely to grow significantly during the forecast period, due to rising prevalence of cancer and cardiovascular diseases, increasing geriatric population and increasing prevalence of neurological disorders. In addition, rising healthcare expenditure and launch of technologically advanced products contribute to the growth of the overall market. High cost of imaging techniques is the key factor restraining the global market growth.
As per the findings of the research, based on products, the SPECT is the largest category, in the global nuclear imaging equipment market. Hybrid SPECT, further forms the larger part of the global market for SPECT. Oncology has been the largest application of the global market, followed by cardiology, neurology and others. Hospitals has been the largest end user of nuclear imaging equipment, followed by diagnostic centers, research institutes and others.
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Geographically, North America has been the largest market for nuclear imaging equipment, with the U.S. being the largest contributor to the regional market. Increasing prevalence of cancer and cardiovascular diseases and presence of technological advanced products has been driving the growth of the North American market for nuclear imaging equipment. In Europe, Germany has been the largest contributor to the market for nuclear imaging equipment, followed by France and the U.K. The market is expected to witness the fastest growth in Asia-Pacific, during 2017 - 2023, owing to increasing cases of cancer, cardiovascular diseases, neurological disorders and increasing geriatric population.
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According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of World Health Organization (WHO) that promotes cancer research, 12.7 million new patients were detected with cancer in 2008, globally, and the number is expected to reach 21.4 million by 2030. In addition, according to WHO, in 2012, 8.2 million deaths took place globally due to cancer, out of which 1.6 million were due to lung cancer, while 745,000 deaths resulted from liver cancer and 400,000 deaths were an outcome of esophageal cancer.
Some of the key players in the global nuclear imaging equipment market include Siemens AG, GE Healthcare, Philips Healthcare, Digirad Corporation and Neusoft Medical Systems Co., Ltd., Cannon Inc., DDD Diagnostics, CMR Naviscan Corporation, SurgicEye GmbH and Mediso Medical Imaging Systems Ltd.
GLOBAL NUCLEAR IMAGING EQUIPMENT MARKET SEGMENTATION
By Product
- Single Photon-Emission Computed Tomography (SPECT)
- Hybrid SPECT Systems
- Standalone SPECT Systems
- Hybrid Pet
- Planar Scintigraphy
By Application
- Oncology
- Cardiology
- Neurology
- Others
By End User
- Hospitals
- Diagnostic Centers
- Research Institutes
- Others
By Geography
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
The growth in this market is mainly driven by the shift from standalone to hybrid modalities, advances in radiotracers, the increasing focus on personalized medicine, investments through public-private partnerships to modernize diagnostic imaging centers, and the increasing incidence and prevalence of cancer and cardiac ailments.The report Nuclear Imaging Equipment Market is expected to reach USD 3.4 billion by 2025 from USD 2.6 billion in 2020, at a CAGR of 4.9% during the forecast period.
Ask for PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98Market Segmentation: -By product, the SPECT imaging systems segment is expected to account for the largest share of the Nuclear Imaging Equipment market in 2020Based on product, the nuclear imaging equipment market is segmented into hybrid PET imaging systems, SPECT imaging systems, and planar scintigraphy imaging systems.
The large share of this segment can be attributed to high adoption of SPECT imaing systems on account of lower cost as compared to hybrid PET imaging systems,By application, the oncology segment is expected to account for the largest share of the nuclear imaging equipment market in 2020Based on application, the nuclear imaging equipment market is segmented into oncology, cardiology, neurology, and other applications.
The oncology application segment is expected to register the highest CAGR during the forecast period.
The major factors contributing to the growth of this segment include the rising incidence and prevalence of cancer across the globe, initiatives taken by public and private organizations to curb the rising cancer prevalence, and the development of advanced systems and radiotracers for oncology.By end-user, the hospitals end-user segment is expected to account for the largest share of the Nuclear Imaging Equipment market in 2020Based on end user, the nuclear imaging equipment market is segmented into hospitals, imaging centers, academic & research centers, and other end users.
Hospitals accounted for the largest share of the global nuclear imaging equipment market in 2019.
The PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography) scanning are two leading technologies in the market of nuclear imaging equipment market for cancer and neurological imaging.
Nuclear imaging is an emerging imaging method that employs a little amount of radioactive material associated with bodily cell components or chemicals attaching to tumor cells.
Radioactive compounds may be found in the body using particular detecting devices to identify when and where they concentrate, and this technology has the ability to improve the prevention of disease, clinical research, medical diagnosis, and therapy.
Usually, the patient receives a sugar injection with radioactively tagged sugar; if it is present and is traced with the aid of a scanner, it accumulates radioactive sugar on the tumor in the body.
The reasons leading to PET and SPECT market include raising awareness of the benefits of nuclear imaging among doctors and clinical scientists, along with expanding applications such as cancer and neurology illnesses.
In addition, the growing geriatric population and expanding horizons of SPECT and PET imagery applications are boosting the nuclear imaging equipment market due to continual discovery and new radio pharmaceuticals.Technology allows for a division of PET, PET/CT, SPECT, and SPECT/CT on the nuclear imaging equipment market.
Global Nuclear Imaging Equipment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Nuclear Imaging Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/42387-nuclear-imaging-equipment-market-reportThe report also covers the complete competitive landscape of the global Nuclear Imaging Equipment market with company profiles of key players such as: SiemensGE HealthcarePhilips HealthcareDigiradNeusoft Medical SystemsToshiba MedicalsystemsSurgiceyeDdd-DiagnosticCmr NaviscanMediso Medical Imaging SystemsThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeSPECTHybrid PETPlanar ScintigraphyBy ApplicationHospitalsImaging CentersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Nuclear Imaging Equipment Market @ https://www.decisiondatabases.com/contact/download-sample-42387 The Global Nuclear Imaging Equipment Market has been exhibited in detail in the following chapters –Chapter 1 Nuclear Imaging Equipment Market Preface Chapter 2 Executive SummaryChapter 3 Nuclear Imaging Equipment Industry AnalysisChapter 4 Nuclear Imaging Equipment Market Value Chain AnalysisChapter 5 Nuclear Imaging Equipment Market Analysis By TypeChapter 6 Nuclear Imaging Equipment Market Analysis By ApplicationChapter 7 Nuclear Imaging Equipment Market Analysis By GeographyChapter 8 Competitive Landscape Of Nuclear Imaging Equipment CompaniesChapter 9 Company Profiles Of Nuclear Imaging Equipment IndustryPurchase the complete Global Nuclear Imaging Equipment Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-42387Other Reports by DecisionDatabases.com:Global Ophthalmic Imaging Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global 3D Medical Imaging Equipments Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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