Nuclear Imaging Equipment Market Analysis, Top Companies, New Technology, Demand and Opportunity Analysis

The nuclear imaging equipment market is expected to reach $3.1 billion by 2023, growing at a CAGR of 4.8% between 2017-2023.
Rising prevalence of cancer, neurological disorders and cardiovascular diseases, increasing geriatric population, surging healthcare expenditure and launch of technologically advanced products are some of the key drivers for the market growth.

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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 nuclear imaging equipment market, 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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Increasing prevalence of cancer and growth of aging population has created a positive impact on the growth of the global nuclear imaging equipment market. According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of WHO that promotes cancer research, around 12.7 million new patients were detected with cancer in 2008, globally, and the number is expected to reach 21.4 million by 2030. Further, a total of 8.2 million deaths took place in 2012, globally, due to cancer, of which 1.6 million deaths were due to lung cancer, while 745,000 deaths were due to liver cancer, and 400,000 deaths resulted from esophageal cancer. The increased pool of population undergoing cancer diagnostic tests and cancer screening has led to the growth of the market.

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.

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This release was published on openPR.