Global Neuromodulation Devices Market Size, Share, Growth & by Product, Design Type, and Forecast 2032

The nuclear imaging devices market, which was valued at USD 2.90 billion in 2022, is predicted to grow to USD 4.59 billion by 2030, with a CAGR of 5.9% over that period.
The rising incidence of chronic diseases has been driving the market recovery during the past few years. As a result of an increase in patient hospital visits for imaging diagnosis, the sector experienced a tremendous increase in diagnoses and treatment. Along with radiation therapy and research, the Nuclear Regulatory Commission (NRC) of the United States regulates the production and use of nuclear imaging equipment. By granting licences to clinics, hospitals, and other medical facilities, it is able to enable 37 U.S. states to control the widespread use of specific radioactive elements.

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Market Segmentation
The nuclear imaging equipment market can be segmented based on several factors, including: Modality: The market can be segmented into SPECT (Single Photon Emission Computed Tomography) and PET (Positron Emission Tomography) systems.
Application: The market can be segmented into oncology, cardiology, neurology, and others.
End-User: The market can be segmented into hospitals, diagnostic imaging centers, and research institutes.
Region: The market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Technology: The market can also be segmented based on the technology used, such as hybrid imaging, standalone imaging, and portable imaging.
Geography: The market can also be segmented based on the geographic location of the imaging equipment such as mobile imaging units, fixed imaging units, and office-based imaging units. Segmentation based on these factors helps in better understanding of the market and aids in strategic decision-making by market players. It also helps in identifying new opportunities and tailoring products to meet the specific needs of different segments.

Key Players:
Siemens Healthineers AG
GE Healthcare
Philips Healthcare
Toshiba Medical Systems Corporation
Medtronic
Hitachi Medical Corporation
Digirad Corporation
Neusoft Medical Systems Co. Ltd.
CMR Naviscan Corporation
SurgicEye GmbH

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Regional Analysis
The nuclear imaging equipment market can be analyzed by region, as follows:
North America: North America is a major market for nuclear imaging equipment, driven by the high prevalence of chronic diseases and favorable reimbursement policies. The United States is the largest market in the region, followed by Canada.
Europe: Europe is another significant market for nuclear imaging equipment, driven by the aging population and high healthcare expenditure. Germany, France, and the United Kingdom are the largest markets in the region.
Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth rate in the nuclear imaging equipment market, driven by increasing healthcare expenditure, rising prevalence of chronic diseases, and improving healthcare infrastructure. China, Japan, and India are the largest markets in the region.
Latin America: The Latin America region is also expected to witness significant growth in the nuclear imaging equipment market, driven by increasing healthcare expenditure and rising prevalence of chronic diseases. Brazil and Mexico are the largest markets in the region.
Middle East & Africa: The Middle East & Africa region is expected to witness moderate growth in the nuclear imaging equipment market, driven by increasing healthcare expenditure and improving healthcare infrastructure. The United Arab Emirates and Saudi Arabia are the largest markets in the region. Overall, the Asia-Pacific region is expected to witness the highest growth rate in the nuclear imaging equipment market, while North America and Europe are expected to remain major markets. The market in Latin America and the Middle East & Africa is also expected to grow in the coming years.

COVID Impact
The COVID-19 pandemic has had a significant impact on the nuclear imaging equipment market. Some of the ways in which the pandemic has affected the market include: Delayed or cancelled procedures: With the focus on managing the pandemic, many hospitals and clinics have delayed or cancelled non-emergency procedures, including nuclear imaging scans. This has led to a decline in demand for nuclear imaging equipment.
Supply chain disruptions: The pandemic has caused disruptions in global supply chains, including those related to nuclear imaging equipment. This has led to delays in equipment delivery and installation, which has further impacted the market.
Reduced funding: The economic impact of the pandemic has led to reduced funding for healthcare facilities, limiting their ability to invest in expensive imaging equipment.
Increased demand for COVID-19 related imaging: The pandemic has also led to an increased demand for imaging equipment specifically for COVID-19 patients, such as CT and X-ray machines. This has diverted resources and attention away from other types of imaging equipment.
Shift towards telemedicine: The pandemic has accelerated the adoption of telemedicine, which has reduced the need for in-person consultations and imaging procedures. This has had an impact on the demand for nuclear imaging equipment, particularly in the outpatient setting. Overall, the COVID-19 pandemic has had a negative impact on the nuclear imaging equipment market. However, the market is expected to recover in the post-pandemic period as healthcare systems around the world resume normal operations and demand for imaging equipment picks up again.

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