Press release
Global Nuclear Medicine Equipment Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Nuclear Medicine Equipment
How Big Is the Nuclear Medicine Equipment Market Size Expected to Be by 2034?
In recent years, the nuclear medicine equipment market has seen robust growth. Its value is projected to rise from $2.66 billion in 2024 to $2.81 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is a result of factors such as the increased demand for early disease detection, a surge in the elderly population, enhancements in healthcare infrastructure, elevated funding for research and development, and a growing need for functional imaging.
The market for nuclear medicine equipment is projected to experience robust increases in the next several years, expanding to $3.49 billion in 2029 with a 5.5% compound annual growth rate (CAGR). This expected growth during the projected timeline can be tied to numerous factors such as the surge in cancer cases, the escalating cost of nuclear imaging systems, the intensified emphasis on personalized medicine, the rising implementation of hybrid imaging systems, and an increased need for treatment and diagnostics of Alzheimer's and Parkinson's disease. Notable trends during this forecast timeframe include technology advancements, AI integration, hybrid imaging systems, the incorporation of telemedicine, and scaled-down devices.
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What Are the Emerging Segments Within the Nuclear Medicine Equipment Market?
The nuclear medicine equipment market covered in this report is segmented -
1) By Product: Single Photon Emission Computed Tomography, Hybrid Positron Emission Tomography, Planar Scintigraphy
2) By Application: Oncology, Cardiology, Neurology, Other Applications
3) By End User: Hospitals, Imaging Centers, Academic And Research Institutes, Other End Users
Subsegments:
1) By Single Photon Emission Computed Tomography (SPECT): Standalone SPECT Systems, Hybrid SPECT/CT Systems
2) By Hybrid Positron Emission Tomography (PET): PET/CT Systems, PET/MRI Systems
3) By Planar Scintigraphy: Cardiac Imaging Systems, Bone Scintigraphy Systems, Thyroid Imaging Systems
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What Long-Term Drivers Are Shaping Nuclear Medicine Equipment Market Trends?
The escalating occurrence of heart diseases is projected to spur the growth of the nuclear medicine equipment market. Cardiac ailments, encompassing a variety of conditions that impact the heart and blood vessels, can affect the function and structure of the heart, as well as the blood circulation to and from it. The rising incidence of these ailments primarily stems from factors like aging populations, lifestyle decisions such as unhealthy diets and sedentary habits, environmental exposures, and technological advancements in diagnostics leading to improved detection. Nuclear medicine equipment plays a critical role in managing these diseases by delivering accurate imaging and diagnostic data, facilitating earlier detection, correct staging, and effective monitoring. For example, British Heart Foundation data in January 2024 revealed that roughly 7.6 million individuals are afflicted with heart and circulatory diseases in the UK, including around 4 million men and 3.6 million women. These conditions account for roughly 27% of all deaths in the UK, resulting in over 170,000 annual deaths or an average of 480 deaths per day, equivalent to one death every three minutes. Hence, the growing prevalence of heart diseases is fostering the expansion of the nuclear medicine equipment market.
Who Are the Top Competitors in Key Nuclear Medicine Equipment Market Segments?
Major companies operating in the nuclear medicine equipment market are Fujifilm Holdings Corporation, Koninklijke Philips N.V., General Electric Company, Shimadzu Corporation, Mallinckrodt Pharmaceuticals, Curium Pharma, Bartec Technologies Ltd., Cardinal Health Inc., Canon Medical Systems Corporation, Digirad Corporation, TTG Imaging Solutions, Biodex Medical Systems Inc., Spectrum Dynamics Medical, Mediso Ltd., Cyclopharm Limited, Siemens Healthineers AG, Capintec Inc., Laboratorios Bacon S.A., Von Gahlen, Toshiba Medical Systems Corporation, Elysia-Raytest, MR Solutions Ltd., DDD-Diagnostic A/S, MILabs B.V.
What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
A primary focus for leading businesses in the nuclear medicine equipment market is the creation of sophisticated products like PET/CT scanners, which offer comprehensive, high-definition imagery of the body's metabolic actions. The PET/CT scanner is a state-of-the-art imaging tool used in nuclear medicine, merging positron emission tomography (PET) and computed tomography (CT) technologies. This dual-modality equipment provides both functional and anatomical imaging in one session, thereby enhancing doctors' ability to identify and diagnose several conditions with precision. An example of this is when Siemens Healthineers, a healthcare corporation based in Germany, introduced the Biograph Trinion PET/CT scanner in June 2024. This PET scanner is designed with a unique, adaptable axial field-of-view that facilitates technological upgrades on-site without incurring heavy renovation costs or hampering workflow. Equipped with a lutetium oxyorthosilicate (LSO) crystal detector, it offers excellent spatial resolution and a swift time-of-flight performance of 239 picoseconds. This optimises the detection of small lesions and provides substantial sensitivity of up to 128 cps/kBq, resulting in quick scans that minimise patient's exposure to radiation. The Biograph Trinion also incorporates a new air-cooled digital detector, making installation easier than conventional water-cooled systems.
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Which Regions Are Becoming Hubs for Nuclear Medicine Equipment Market Innovation?
North America was the largest region in the nuclear medicine equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nuclear medicine equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Nuclear Medicine Equipment Market?
2. What is the CAGR expected in the Nuclear Medicine Equipment Market?
3. What Are the Key Innovations Transforming the Nuclear Medicine Equipment Industry?
4. Which Region Is Leading the Nuclear Medicine Equipment Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the nuclear medicine equipment market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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