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Mobile Gamma Cameras Market 2018 -- 2028 | By Indication Type (Cardiac Imaging, Breast Imaging, Hepatobiliary Imaging, GI Imaging, Renal Imaging, Brain Imaging)

01-10-2019 10:06 AM CET | Health & Medicine

Press release from: Future Market Insights

Mobile Gamma Cameras Market 2018 -- 2028 | By Indication Type

Mobile gamma camera is a portable version of the stationary gamma or angler camera used for nuclear imaging. Nuclear imaging involves injecting a radio nucleotide in the body or organ under study and record the resulting redioactivity by scanning with a gamma camera. Nuclear imaging is performed owing to its better resolution and selectivity than non-nuclear imaging such as MRI and ultrasound.

The mobile gamma camera types include single, dual and triple head and handheld mobile gamma camera. Single head mobile gamma camera are used mostly for organ-specific scanning such as cardiac and renal applications owing to their smaller field of view. Dual and triple head mobile gamma cameras are used for all purposes including whole body scanning owing to their faster scanning speed, greater resolution, sensitivity, selectivity and larger field of view. Handheld mobile gamma camera is a portable and highly miniturized version with limited functionality.

The single head mobile gamma camera has traditionally held the largest market share owing to its lower cost. However there is a definite trend in favor of dual head gamma cameras owing to their higher resolution, sensitivity and lower scanning times. They also result in lower exposure to radionucleotides owing to their faster scanning speed.

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In terms of revenue, the global mobile gamma camera market is projected to expand at a CAGR of 4.8% during the forecast period and is expected to be valued at US$ 75.2 Mn by the end of the forecast period. Asia Pacific is expected to witness siginificant growth in the global mobile gamma camera market, dominated by Japan, Australia and New Zealand and China.

The global mobile gamma camera market is segmented into seven major regions, namely North America, Western Europe, Eatern Europe, Asia Pacific and rest of world. In terms of value, North America is expected to be the dominant regional market for mobile gamma camera by 2028 and is expected to expand at a CAGR of 4.6% over the forecast period. Europe and Asia Pacific are expected to be the fast-growing markets in terms of revenue in the global mobile gamma camera market, registering CAGRs of 4.7% and 6.3%, respectively, over the forecast period. The rest of the world mobile gamma camera market is dominated by the gulf countries such as Saudi Arabia, UAE and Kuwait owing to their high healthcare expenditure and per capita income.

Technology gains is the large market opportunity for ther mobile gamma camera market. The development of solid state detector and high selectivity and specific radio nucleotides specialised for organ-specific scanning is expected to drive the adoption of mobile gamma cameras. The support to nuclear medicine and imaging by the governments of different countries is the other factors expected to boost the growth of the market for mobile gamma camera. Demographic drivers include the ageing of the world population and the growing healthcare expenditure around the world.

In North America, the U.S. is the dominant market for mobile gamma camera due to faster uptake of technology and large purchasing power. The excellent reimbursement and growing incidence of cancer and cardiopathies are also expected to support the growth of the market for mobile gamma camera. Besides, presence of large players such as Dlion, Digirad and others is also expected to drive the growth of the mobile gamma camera market in the U.S. The healthcare expenditure in the U.S. was almost 16% of its GDP in 2017, which amply reflects better pricing and market attractiveness. According to the Center for Disease Control (CDC) estimates the mortality of heart disease is around 630,000 each year, which costs about  US$ 200 billion each year.

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The second dominant market for mobile gamma camera is Germany owing to the presence of large medical device industry and presence of large players, such as DDD diagnostics. The growing healthcare infrastructure as well as healthcare expenditure of Europe, which accounts to average 10% of GDP, are factors driving the growth of the Europe mobile gamma camerra market. Other European nations with a sizeable market are France, the U.K. and Italy.

The Asia Pacific market is dominated by Japan, Australia and New Zealand. However, China is expected to witness fast growth in the Asia Pacific mobile gamma camera market. The rest of the world market is dominaed by the gulf countries owing to their high wealth and large public healthcare expenditure, which is approximately 75% of the GDP. The development of large sspecialty hospitals with greater purchasing power is driving a faster adoption of mobile gamma camera products. The consolidation of large healthcare providers coupled with greater healthcare insurance penetration is another driver of the mobile gamma camera market.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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