Global Nuclear Medicine Equipment Market,By Product (Single-Photon Emission Computed Tomography (SPECT) (Standalone, Hybrid), Planar Scintigraphy, Hybrid Pet), by Application (Oncology, Cardiology, Neurology), by End-user (Hospitals, Imaging Centers, Academic & Research Centers), by Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Nuclear Medicine Equipment Market accounted to USD 1.7 billion in 2016 growing at a CAGR of 4.0% during the forecast period of 2017 to 2024.
Nuclear medicine equipment are the equipments used to examine different processes including metabolism, tissue blood flow, expression of cell receptors in normal and abnormal cells, neurotransmitter activity, homing, cell trafficking, and apoptosis.
Major Market Drivers and Restraints:
- Increasing incidences and prevalence of diseases such as cancer
- Technological advancements in medical imaging devices
- Government initiatives in modernizing diagnostic imaging centers
- High cost of nuclear imaging equipment
- Shorter half-life of radiopharmaceuticals
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By product, the market for nuclear medicine equipment market is segmented into single-photon emission computed tomography (SPECT), planar scintigraphy, hybrid pet. The single-photon emission computed tomography (SPECT) segment is further sub-segmented into standalone, and hybrid.
By application, the market for nuclear medicine equipment market is segmented into oncology, cardiology, neurology, and others.
On the basis of end-user, the nuclear medicine equipment market is segmented into hospitals, imaging centers, academic & research centers.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Europe
- Asia-Pacific(APAC)
- Middle East and Africa(MEA)
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Global Nuclear Medicine Equipment is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market
Some of the major players operating in this market are
- Philips Healthcare
- GE Healthcare
- Cardinal Health Inc
- Siemens AG
- Digirad Corporation
- Mediso Medical Imaging Systems, Ltd
- Toshiba Medical Systems Corporation
- DDD-Diagnostics A/S
- Neusoft Medical Systems Co. Ltd
- Mallinckrodt plc, SurgicEye GmbH
- CMR Naviscan Corporation (U.S.),
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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