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Nuclear Imaging Services Market Growth to Remain Stable during the Projection Period

12-06-2021 12:16 PM CET | Health & Medicine

Press release from: Transparancy Market Research

Nuclear Imaging Services Market

Nuclear Imaging Services Market

Nuclear Imaging Services Market

Nuclear medicine (NM) is a field of medical imaging that employs the usage of tiny quantities of radioactive chemicals for diagnosis as well as treatment of many illnesses. Nuclear imaging entails the application of methods that give quantitative as well as qualitative data on physiological processes inside the body of beings. Nuclear medicine procedures such as PET, scintiography, and single photon emission computed tomography (SPECT) make use of a gamma camera and a radiotracer element in a bid to capture a picture for clinical diagnosis. Growing usage of this technique in the diagnosis and treatment of diseases is anticipated to support growth of the global nuclear imaging services market. Various cardiac diseases such as ventricular arrhythmia, myocardial infarction, thrombosis, and cardiac failures are diagnosed and treated using nuclear imaging with radiotracer components.

The global nuclear imaging services market is expected to expand as the elderly population increases worldwide and the occurrence of chronic illnesses such as cancer rises. In addition to that, the number of nuclear medicine operations is expected to skyrocket in the coming years. The rise in imaging procedures indicates that a growing number of people are struggling with chronic illnesses. The inability to find enough radiologists to fulfill the growing demand for diagnostic imaging services is expected to have an impact on the global nuclear imaging services market in the years to come.

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Nuclear Imaging Services Market

Nuclear medication (NM) is a part of clinical imaging that utilizes modest quantities of radioactive substances for analysis and helpful treatment of different sicknesses. Nuclear imaging includes the utilization of methods that give subjective and quantitative data about the physiological cycles inside the human body. Single-photon discharge figured tomography (SPECT), scintigraphy, and PET are different procedures in nuclear medication that utilization a radiotracer component and gamma camera to catch a picture for clinical diagnostics. Nuclear imaging with radiotracer components is utilized for the analysis and treatment of different heart problems like cardiovascular localized necrosis, heart disappointment, ventricular arrhythmia, and apoplexy.

Expansion in the geriatric populace, ascend in the pervasiveness of persistent sicknesses, for example, malignancy across the globe supports the development of the worldwide nuclear imaging services market. In addition, the quantity of nuclear medication strategies is expected to increment altogether soon. Flood in the quantity of imaging methodology infers that expanding number of individuals are experiencing constant problems. This is projected to impel the worldwide nuclear imaging services market in the following not many years. In addition, quick innovative progressions including the advancement of half-breed advances, for example, SPECT/CT and PET/CT to build picture evaluation are probably going to fuel the development of the worldwide market.

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Nuclear Imaging Services Market - Introduction

Nuclear medicine (NM) is a branch of medical imaging that uses small amounts of radioactive substances for diagnosis and therapeutic treatment of various diseases. Nuclear imaging involves use of techniques that provide qualitative and quantitative information about the physiological processes within the human body. Single photon emission computed tomography (SPECT), scintiography, and PET are various techniques in nuclear medicine that use a radiotracer element and gamma camera to capture an image for clinical diagnostics. Nuclear imaging with radiotracer elements is used for the diagnosis and treatment of various cardiac disorders such as cardiac infarction, cardiac failure, ventricular arrhythmia, and thrombosis.

Nuclear Imaging Services Market – Competitive Landscape

In February 2019, RadNet Inc. signed a definitive agreement to acquire outpatient radiology practice of Kern Radiology Medical Group, Inc. The firm owns five imaging centers based in California, providing multimodal offerings including MRI, CT, nuclear medicine, ultrasound and bone density, and interventional procedures. The strategy enabled the company to expand its presence in existing market and broaden its customer base in the county.
In June 2016, GE Healthcare launched an advanced molecular imaging systems i.e., digital PET/CT system and SPECT/CT that enable clinicians to improve the detection of smaller lesions and enhance quantitative accuracy due to CZT technology in these systems.
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RadNet, Inc.

Founded in 1985, RadNet Inc. is a leading player offering high-quality and cost-effective diagnostic outpatient imaging services in the U.S. The company operates through a network of 344 owned and operated outpatient imaging centers. The firm offers various diagnostic imaging services including CT, MRI, PET, X-ray, nuclear medicine, ultrasound, mammography, fluoroscopy, and other related procedures.

Siemens Healthineers AG

Founded in 1847, Siemens Healthineers AG is a global provider of health care solutions and services. The company develops, manufactures, and sells a diverse range of market-leading and innovative diagnostic, imaging, and advanced therapy products and services to healthcare providers around the world. The imaging segment offers products and services in computed tomography, magnetic resonance, nuclear medicine, ultrasound, X-ray systems, and molecular imaging.

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Other prominent service providers operating in the global nuclear imaging services market include Nueclear Healthcare Limited, MedQuest Associates, Inc. (Novant Health), Dignity Health (CommonSpirit Health), I-MED Radiology Network (Permira), Sonic Healthcare, and Alliance Healthcare Services, Inc. Other leading equipment manufacturers operating in the global market are GE Healthcare, Positron Corporation, and Koninklijke Philips N.V. These players focus on launch of innovative products and engage in merger, acquisitions, partnerships, and joint ventures to expand product offerings, increase customer base, and strengthen position in the market.

Abbott:

Abbott is another key player operating in the global valvular heart disease market with vast product portfolio. Abbott has established its presence in the global market through acquisition of St. Jude Medical in 2017. In January 2019, Abbott acquired Cephea Valve Technologies, Inc. This acquisition enabled the company to strengthen its position in valvular heart disease market.

Medtronic:

Medtronic offers its valvular heart disease products under its Cardiac & Vascular Group (CVG). In 2018, around 38% of the company’s revenue was contributed by its CVG business segment. Medtronic has one of the industry leading portfolio of Nuclear Imaging Services products.

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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