Nuclear Imaging Devices And Equipment Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033

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.

Market Overview -
Nuclear imaging devices and equipment are used in the diagnosis of diseases by using small amounts of radioactive substances in the patients and are used in a wide range of medical applications including cardiology, obstetrics/gynecology, vascular, urology, and other medical applications.

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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

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.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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