Press release
Single-Photon Emission Computed Tomography (SPECT) Market: Explosive Growth to $3.59 Billion by 2029 Backed by Advanced Radiopharmaceuticals and Precision Medicine
Single-Photon Emission Computed Tomography (SPECT) Market Size
What Is The Projected Market Size Of The Global Single-Photon Emission Computed Tomography (SPECT) Market And Its Growth Rate?
The single-photon emission computed tomography (SPECT) market has been experiencing a robust growth:
• 2024 Market Size: $2.37 billion
• 2025 Market Size: $2.53 billion (6.7% CAGR)
• 2029 Market Size: $3.59 billion (9.2% CAGR)
The growth can be majorly attributed to the growing diagnostic imaging needs, rising incidence of chronic diseases, advancements in radiopharmaceuticals, and increasing healthcare expenditure. Moreover, an expanding aging population and the growing emphasis on precision medicine are also adding fuel to the market growth.
What Is Driving The Growth In The Single-Photon Emission Computed Tomography (SPECT) Market?
The increasing prevalence of cancer cases globally has been a key factor driving the growth of the single-photon emission computed tomography (SPECT) market. Single-photon emission computed tomography (SPECT) aids in the diagnosis, staging, and monitoring of cancer which makes it an indispensable tool in healthcare. The rise in chronic diseases has been attributed to factors such as the aging population, unhealthy lifestyle choices, and environmental factors. As cited by the World Health Organization, in September 2023, non-communicable diseases (NCDs) or chronic diseases caused approximately 41 million deaths globally. Thus, with the rise in the prevalence of cases of cancer, the growth of the single-photon emission computed tomography (SPECT) market is expected to continue its upward trajectory.
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Who Are the Key Players Driving Single-Photon Emission Computed Tomography (SPECT) Market Growth?
The major players contributing to the global single-photon emission computed tomography (SPECT) market include:
• GE Healthcare Technologies Inc.
• Siemens AG
• Digirad Corporation
• Mediso Ltd.
• Bracco Diagnostic SpA
• Cardinal Health Inc.
• Curium Pharma UK Ltd.
• Spectrum Dynamics Medical Inc.
• Koninklijke Philips N.V.
• Beijing Hamamatsu Photon Techniques Inc.
• Canon Medical Systems Corporation
• Esaote S.p.A.
• MR Solutions Ltd.
• TriFoil Imaging Inc.
• Gamma Medica Inc.
• Guerbet SA
• Lantheus Medical Imaging Inc.
• Neusoft Medical Systems Co. Ltd.
• Cubresa Inc.
• NeuroLogica Corp.
What Are The Key Trends In The Single-Photon Emission Computed Tomography (SPECT) Market?
Key trends surfacing in the market include:
• Enhanced image reconstruction techniques
• Mobile SPECT imaging services
• Growing emphasis on cardiac imaging
• Innovations in detector technology
• Increasing clinical research initiatives
What Are The Segments Of The Global Single-Photon Emission Computed Tomography (SPECT) Market?
The Global Single-Photon Emission Computed Tomography (SPECT) market is categorized into the following segments:
1) By Type: Hybrid SPECT Systems, Standalone SPECT Systems
2) By Type Of Radioisotopes: Tc-99m, Ra-223, Ga-67, I-123, Other Radioisotopes
3) By Application: Oncology, Cardiology, Neurology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Other End User
Which Region Leads The Single-Photon Emission Computed Tomography (SPECT) Market?
In 2024, North America held the largest share in the single-photon emission computed tomography (SPECT) market. However, it is Asia-Pacific that is projected to be the fastest-growing region during the forecast period. The other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Single-Photon Emission Computed Tomography (SPECT) Market Global Market Report?
- Market Size Analysis: Analyze the Single-Photon Emission Computed Tomography (SPECT) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Single-Photon Emission Computed Tomography (SPECT) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Single-Photon Emission Computed Tomography (SPECT) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Single-Photon Emission Computed Tomography (SPECT) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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