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Nuclear Imaging Devices And Equipment Market 2024-2033: Latest Trends, Recent Developments, Growth Strategy And Major Players
Nuclear Imaging Devices And Equipment Market
The Business Research Company offers in-depth market insights through Nuclear Imaging Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nuclear imaging devices and equipment market size has grown strongly in recent years. It will grow from $4.52 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising use of diagnostic medical imaging, high incidences of cancer and cardiovascular diseases and rising government initiatives.
The nuclear imaging devices and equipment market size is expected to see strong growth in the next few years. It will grow to $6.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising healthcare expenditure, increasing geriatric population and increase in healthcare access. Major trends in the forecast period include advancements in pet/ct (positron emission tomography/computed tomography), development of innovative spectral detector angio ct solutions, use of artificial intelligence (ai)-enabled applications, focusing on use of latest digital technologies, focusing on product innovation and focusing on partnerships and collaborations.
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Market Segmentation:
The nuclear imaging devices and equipment market covered in this report is segmented -
1) By Product Type: SPECT Systems, PET Systems, Planar Scintigraphy Systems
2) By Application: Oncology, Cardiology, Neurology, Other Applications
3) By End-User: Hospitals, Imaging Centers, Academic & Research Institutes, Other End-Users
Major Driver - Rising Prevalence Of Chronic Conditions Fuels Growth In The Nuclear Imaging Devices And Equipment
The increasing prevalence of chronic conditions is expected to propel the growth of the nuclear imaging devices and equipment market going forward. Chronic conditions, also known as chronic diseases, refer to long-lasting medical conditions that persist over an extended period of time, typically for three months or more. Nuclear imaging devices and equipment provides diagnosis and monitoring of chronic diseases by providing valuable insights into disease progression, treatment efficacy, and patient management. For instance, in September 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, each year there are 41 million deaths worldwide, accounting for 74% of all fatalities attributed to chronic diseases. This includes 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Therefore, the increasing prevalence of chronic conditions is driving the growth of the nuclear imaging devices and equipment market.
Competitive Landscape:
Major companies operating in the nuclear imaging devices and equipment market report are Siemens Healthineers AG, Koninklijke Philips N.V., Canon Inc, General Electric Company, Cardinal Health, Inc, Agfa-Gevaert Group, NTP Radioisotopes SOC Ltd, SurgicEye GmbH, DongCheng Pharmaceutical Group, Cura, Neusoft Medical Systems Co., Ltd, Digirad Corporation, Abbott India Limited, BioMérieux India, Philips Healthcare, Edan Diagnostics, Mediso Medical Imaging Systems Ltd, Shimadzu Corporation, TestLine Clinical Diagnostics s.r.o., Toshiba Medical Systems Corporation, Bangs Laboratories Inc, Cepheid, BCL X-Ray Canada Inc., Absolute Imaging Inc., Alliar Medicos a Frente, Boris Berenstein, BP Medicina Diagnostica, Cepem, CETAC, Clinica da Imagem do Tocantins, Curium, DB Diagnosticos do Brasil, DDD Diagnostics, DASA, Roche Diagnostics India Pvt Ltd, Bracco Imaging SpA, CMR Naviscan Corporation, Canon Medical Systems Corporation
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Top Trend - Hybrid Imaging Technologies Transforming Nuclear Medical Imaging
Companies in the nuclear imaging devices and equipment market are using hybrid imaging technologies such as positron emission tomography/computed tomography (PET/CT), single-photon emission computed tomography/computed tomography (SPECT/CT), and positron emission tomography/magnetic resonance imaging (PET/MRI) for nuclear medical imaging. These hybrid systems provide precise images with better resolution and both morphological and physiological information in just one instance of testing. For instance, a SPECT/CT system for skeletal evaluation offers accurate localization and improves the specificity of information provided by CT.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nuclear Imaging Devices And Equipment Market Characteristics
3. Nuclear Imaging Devices And Equipment Market Trends And Strategies
4. Nuclear Imaging Devices And Equipment Market - Macro Economic Scenario
5. Nuclear Imaging Devices And Equipment Market Size And Growth
…..
27. Nuclear Imaging Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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