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Nuclear Medicine Market is Expected to Gain Popularity Across the Globe by 2031

02-15-2024 08:01 AM CET | Health & Medicine

Press release from: Transparency Market Research

Nuclear Medicine Market is Expected to Gain Popularity Across

Nuclear medicine is a branch of medical imaging that utilizes small amounts of radioactive materials to diagnose and treat a variety of diseases. The global nuclear medicine market is poised for significant growth from 2023 to 2031, driven by technological advancements, increasing incidence of cancer and cardiovascular diseases, and growing demand for effective diagnostic and therapeutic procedures.

The nuclear medicine market is expected to witness substantial growth during the forecast period, with a CAGR of 9.2%. This growth can be attributed to the rising prevalence of chronic diseases, such as cancer and cardiovascular disorders, and the increasing adoption of nuclear medicine for early diagnosis and treatment.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ (๐”๐ฌ๐ž ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐Œ๐š๐ข๐ฅ ๐ˆ๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ข๐œ๐ค ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4672&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Market Size and Growth:

The global nuclear medicine market was valued at US$ 5.2 Bn in 2022 and is projected to reach US$ 11.4 Bn by 2031. This growth is driven by the increasing use of nuclear medicine in oncology, cardiology, and neurology, among other medical specialties.

Market Segmentation:

By Service Type:

Diagnostic Nuclear Medicine
Therapeutic Nuclear Medicine

By Sourcing Type:

In-house
Outsourced

By Application:

Oncology
Cardiology
Neurology
Others

By Industry Vertical:

Hospitals
Diagnostic Centers
Research Institutes

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=4672&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Regional Analysis:

North America: The largest market for nuclear medicine, driven by technological advancements and the presence of key market players.
Europe: Witnessing significant growth due to the increasing incidence of cancer and cardiovascular diseases.
Asia Pacific: Expected to grow at a rapid pace, attributed to the improving healthcare infrastructure and rising healthcare expenditure.

Market Drivers and Challenges:

Drivers: Technological advancements, increasing prevalence of chronic diseases, and growing demand for effective diagnostic and therapeutic procedures.
Challenges: High cost of nuclear medicine procedures and the stringent regulatory environment.

Market Trends:

Increasing focus on personalized medicine and molecular imaging.
Growing adoption of hybrid imaging techniques, such as PET/CT and SPECT/CT.
Rising demand for radiopharmaceuticals for therapeutic applications.

Competitive Landscape:

The global nuclear medicine market is highly competitive, with the presence of several key players, including Siemens Healthineers, GE Healthcare, and Cardinal Health, among others. These players are focusing on strategic initiatives, such as mergers & acquisitions, collaborations, and product launches, to strengthen their market presence.

๐‡๐š๐ฏ๐ž ๐€๐ง๐ฒ ๐๐ฎ๐ž๐ซ๐ฒ? ๐€๐ฌ๐ค ๐“๐จ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=4672&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Future Outlook:

The nuclear medicine market is expected to witness continued growth during the forecast period, driven by technological advancements and the increasing adoption of nuclear medicine for the diagnosis and treatment of various diseases.

Key Market Study Points:
The market size and growth potential of the global nuclear medicine market.
The key drivers, challenges, and trends shaping the market.
The competitive landscape and strategies adopted by key players.
The regional outlook and growth prospects of the market.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

Biobanking Market -https://www.globenewswire.com/news-release/2023/04/26/2655340/0/en/Biobanking-Market-Size-to-Exhibit-USD-87-4-Bn-by-2031-owing-to-the-Increasing-Investments-in-Biobanking-Infrastructure-TMR-Study.html

Clinical Laboratory Services Market - https://www.globenewswire.com/news-release/2023/04/25/2654412/0/en/Clinical-Laboratory-Services-Market-to-Surpass-USD-561-1-Bn-by-2031-Owing-to-Increase-in-Demand-for-Early-Diagnosis-and-Technological-Innovations-in-Pathology-Transparency-Market-R.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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