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Nuclear Imaging Devices And Equipment Global Market Report 2024 To 2033 | Siemens Healthineers AG, Koninklijke Philips N.V., Canon Inc, General Electric Company
Nuclear Imaging Devices And Equipment Market Share
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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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Major Key Players of the Market:
Bill & Melinda Gates Foundation, Direct Relief, Médecins Sans Frontières, AmeriCares, The American Red Cross, The Nature Conservancy, UNICEF USA, OxFam, Feed the Children, The Rotary Foundation, Smile Foundation, Nanhi Kali, GiveIndia Foundation, Goonj, HelpAge India, Sightsavers, Child Rights and You (CRY), Pratham Education Foundation, Sammaan Foundation, Care India, KISS Foundation, Educate Girls, Slum Soccer, Akshaya Patra Foundation, Friends of Nature (FON), Global Village of Beijing (GVB), China Primary Health Care Foundation, Shanghai Charity Foundation, China Youth Development Foundation (CYDF), Amity Foundation, China Children and Teenagers' Foundation (CCTF), Tencent Charity Foundation, The China Women's Development Foundation (CWDF), China Population Welfare Foundation, China Foundation for Poverty Alleviation, Narada Foundation, Tzu Chi Foundation, Association for Aid and Relief, Japan (AAR), ADRA Japan (ADRA), Friends of the Earth Japan, Afghan Mobile Mini Circus for Children, Animals Asia Foundation, Borneo Orangutan Survival Foundation, Amnesty International, Save The Children, Spark, Charities Aid Foundation (CAF), Association for Cultural Technical and Educational Cooperation (ACTEC), Kashubian Folk University, Linking Foundation, AIDPOL Ltd, Perspektivy, United Way, MPC Social Services, Nastenka, Vera Hospice Charity Fund, VAMOS!, Children International, Cure Violence, Partners in Health, Acumen Fund, YMCA, Feeding America, Wikimedia Foundation, The Favela Foundation funds, BrazilFoundation, Hogar Bambi Venezuela, Solaris Perú, Sumando Manos Foundation, Dubai Foundation for Women & Children, Khalifa Bin Zayed Al Nahyan Foundation, The Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation, Sheikh Mohammed bin Rashid Al Maktoum's foundations, Al Maktoum Foundation, Noor Dubai, UAE Water Foundation (Suqia), Human Appeal International, AIDS Foundation of South Africa, CHOSA South Africa, World Vision South Africa, The South African Red Cross Society.
Nuclear Imaging Devices And Equipment Market 2024 Key Insights:
• 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%.
• Rising Prevalence Of Chronic Conditions Fuels Growth In The Nuclear Imaging Devices And Equipment
• Hybrid Imaging Technologies Transforming Nuclear Medical Imaging
• Western Europe was the largest region in nuclear imaging devices and equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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