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Key Factor Supporting Single-Photon Emission Computed Tomography (SPECT) Market Development in 2025: Rising Cancer Prevalence Driving The Single-Photon Emission Computed Tomography (SPECT) Market
Single-Photon Emission Computed Tomography (SPECT)
How Large Will the Single-Photon Emission Computed Tomography (SPECT) Market Size By 2025?
The market for single-photon emission computed tomography (SPECT) has thrived and evolved significantly in the past few years. The market value that stood at $2.37 billion in 2024 is predicted to rise to $2.53 billion in 2025, marking a compound annual growth rate (CAGR) of 6.7%. The notable growth observed in the historic period can be linked to factors such as an increased need for diagnostic imaging, a surge in chronic disease incidence, advancements in radiopharmaceuticals, the growth of the aging population, and heightened spending in healthcare.
How Big Is the Single-Photon Emission Computed Tomography (SPECT) Market Size Expected to Grow by 2029?
Expected to observe significant growth in the years to come, the single-photon emission computed tomography (SPECT) market size is projected to reach $3.59 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. This forecasted growth can be credited to factors such as the increasing focus on precision medicine, the increasing use in neurological imaging, a worldwide rise in cancer cases, advancements in the development of radiotracers, and its integration into multimodal imaging platforms. Future trends to keep an eye on include improvements in image reconstruction technology, the growth of mobile SPECT imaging services, the increasing emphasis on cardiac imaging, advances in detector technology, and a rise in clinical research initiatives.
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Which Key Market Drivers Powering Single-Photon Emission Computed Tomography (SPECT) Market Expansion and Growth?
The increasing incidence of cancer is anticipated to fuel the expansion of the single-photon emission computed tomography (SPECT) market. The escalation in cancer cases can be attributed to an aging population, poor lifestyle habits, and environmental conditions. Alongside other imaging techniques such as computed tomography (CT) and Magnetic Resonance Imaging (MRI) scans, single-photon emission computed tomography (SPECT) aids in the detection, staging, and monitoring of cancer. For example, the World Health Organization reported in September 2023 that there were 41 million deaths globally, accounting for 74% of annual deaths due to non-communicable diseases (NCDs) or chronic conditions. Of these, 17.9 million were due to cardiovascular diseases, 9.3 million to cancer, 4.1 million to chronic respiratory diseases, and 2.0 million to diabetes. Consequently, the rising incidence of cancer cases is propelling the growth of the single-photon emission computed tomography (SPECT) market.
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Which Fast-Growing Trends Are Poised to Disrupt the Single-Photon Emission Computed Tomography (SPECT) Market?
Advancements in technology are increasingly becoming a significant trend in the single-photon emission computed tomography (SPECT) market. Firms operating in this market are utilizing cutting-edge technologies like high-resolution imaging to maintain their market standing. Siemens Healthcare, a medical device and medical solution manufacturer based in Germany, for example, introduced its Symbia Pro. Spectra SPECT/CT Scanner in June 2022. This particular device boasts of advanced imaging technology, enhanced accessibility, and optimal low-dose imaging. It also provides automated SPECT motion correction and personalized clinical tools, designed specifically for cardiology, oncology, orthopedics, and neurology applications. Moreover, it includes the myExam Companion feature that facilitates automated workflow guidance.
What Are the Emerging Segments in the Single-Photon Emission Computed Tomography (SPECT) Market?
The single-photon emission computed tomography (SPECT) market covered in this report is segmented -
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
Subsegments:
1) By Hybrid SPECT Systems: SPECT Or CT Systems, SPECT Or MRI Systems
2) By Standalone SPECT Systems: Single-Head SPECT Systems, Multi-Head SPECT Systems
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Who Are the Global Leaders in the Single-Photon Emission Computed Tomography (SPECT) Market?
Major companies operating in the 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.
Which are the Top Profitable Regional Markets for the Single-Photon Emission Computed Tomography (SPECT) Industry?
North America was the largest region in the single-photon emission computed tomography (SPECT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the single-photon emission computed tomography (SPECT) market report during the forecast period. The regions covered in the single-photon emission computed tomography (spect) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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