Global Nuclear Imaging System and Equipment Market: Segmented by Application and Geography Trends, Growth and Forecasts 2026
According to the current situation, the official counts of cases and deaths from COVID-19 have passed 4,000,000 and 280,000 at the time of this report. Many government announced a plan on reopening the national economy, but many countries are still at the stage of rising
Growing prevalence of chronic diseases such as cancer, heart diseases, and neurological disorders coupled with increasing awareness among people with regards to early diagnosis of diseases and technological advancements in medical sector are the factors driving growth of the global nuclear imaging system and equipment market. For instance, in November 2018, the Radiological Society of North America Research & Education Foundation granted US$ 40,000 for a joint research grants with Canon Medical Systems.
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High cost associated with installation and operation of nuclear imaging systems is the major factor restraining growth of the global nuclear imaging system and equipment market.
North America dominates the global nuclear imaging system and equipment market due to high prevalence of chronic diseases in the region leading to adoption of new imaging equipment. For instance, according to a report by the United States National Cancer Institute, over 1.7 million new cases of cancer and 609,640 cancer-related deaths were reported in the United States in 2018. Moreover, increasing advancements in medical sector is also propelling the market growth in the region.
Key players of the global nuclear imaging system and equipment market are GE Healthcare, Royal Philips Healthcare, Siemens Healthcare, DDD-Diagnostics A/S, Digirad Corporation, Toshiba Medical Systems Corporation, Mediso Medical Imaging Systems, Neusoft Medical Systems, CMR Naviscan Corporation, and SurgicEye.
In May 2018, Siemens Healthcare’s Biograph Vision was cleared by Food and Drug Administration.
In March 2019, Neusoft Medical Systems acquired South Korea-based Humanscan.
Major Type of Nuclear Imaging System and Equipment Covered in report:
Application Segments Covered in Report
Academic and research institute
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Industrial Impact of Covid-19 on Nuclear Imaging System and Equipment Industry:
The outbreak of the pandemic COVID-19 changed the market scenario on the global platform. Many of the regions are facing the biggest economic crisis owing to the lockdowns that were implemented due to the outspread of the coronavirus infection. As the only solution that has been found to contracting this disease is social distancing many countries have implemented strong regulations in regards to people gatherings. Owing to this many of the businesses are working with only 30% of its employees thus not able to bring the maximum production.
This can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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