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Nuclear Imaging Devices And Equipment Market Expected to Achieve 2.5% CAGR by 2029: Growth Forecast Insights

07-18-2025 09:10 AM CET | Health & Medicine

Press release from: The Business Research Company

Nuclear Imaging Devices And Equipment

Nuclear Imaging Devices And Equipment

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Nuclear Imaging Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, a robust growth has been observed in the size of the nuclear imaging devices and equipment market. The market is expected to rise from $4.15 billion in 2024 to $4.43 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. This significant growth in the past years can be attributed to the increased application of diagnostic medical imaging, high occurrences of illnesses such as cancer and cardiovascular diseases, and a surge in government initiatives.

How Will the Nuclear Imaging Devices And Equipment Market Size Evolve and Grow by 2029?
In the coming years, the market size for nuclear imaging devices and equipment is anticipated to experience consistent growth. The market is projected to expand to $4.9 billion in 2029, with a compound annual growth rate (CAGR) of 2.5%. The growth during the forecast period can be associated with the surge in healthcare spending, a rising elderly population, and enhanced access to healthcare. The forecast period will also witness several significant trends like progress in pet/ct (positron emission tomography/computed tomography), the creation of groundbreaking spectral detector angio CT solutions, implementation of artificial intelligence (AI)-enabled applications, emphasis on the utilization of the newest digital technologies, product innovation, and focus on strategic partnerships and collaborations.

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What Drivers Are Propelling the Growth of Nuclear Imaging Devices And Equipment Market Forward?
The rise in chronic health conditions is anticipated to stimulate the expansion of the nuclear imaging devices and equipment market. Chronic health conditions or diseases are persistent, long-term medical issues, typically lingering for three months or more. Nuclear imaging devices and equipment are vital for diagnosing and monitoring chronic diseases by offering invaluable data on disease development, the effectiveness of treatments, and patient management. For example, the World Health Organization (WHO), a Switzerland-based intergovernmental group, reported in September 2022 that chronic diseases account for 74% of all deaths worldwide every year, totaling 41 million fatalities. This data comprises 17.9 million deaths due to cardiovascular diseases, 9.3 million due to cancer, 4.1 million from chronic respiratory ailments, and 2.0 million from diabetes. Consequently, the escalating prevalence of chronic conditions is fuelling the growth of the nuclear imaging devices and equipment market.

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Which Emerging Trends Are Transforming the Nuclear Imaging Devices And Equipment Market in 2025?
Businesses within the nuclear imaging devices and equipment market are leveraging hybrid imaging technologies like 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 healthcare imaging. These blended systems give exact pictures with improved resolution, delivering both morphological and physiological data in a single testing operation. For example, a SPECT/CT framework for assessing the skeleton provides precise positioning and heightens the specificity of details furnished by CT.

What Are the Key Segments in the Nuclear Imaging Devices And Equipment Market?
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

Subsegments:
1) By SPECT Systems: Single-Photon Emission Computed Tomography (SPECT) Cameras, Hybrid SPECT/CT Systems, SPECT Probes
2) By PET Systems: Positron Emission Tomography (PET) Scanners, Hybrid PET/CT Systems, PET Probes
3) By Planar Scintigraphy Systems: Gamma Cameras, Dual-Head Gamma Cameras, Single-Head Gamma Cameras

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Who Are the Key Players Shaping the Nuclear Imaging Devices And Equipment Market's Competitive Landscape?
Major companies operating in the nuclear imaging devices and equipment market include Siemens Healthineers AG, Koninklijke Philips N.V., General Electric Company, Cardinal Health, Inc, NTP Radioisotopes SOC Ltd, SurgicEye GmbH, Neusoft Medical Systems Co., Ltd, Digirad Corporation, Mediso Medical Imaging Systems Ltd, Shimadzu Corporation, BCL X-Ray Canada Inc., Absolute Imaging Inc., Alliar Medicos a Frente, Clinica da Imagem do Tocantins, Curium, DB Diagnosticos do Brasil, DASA, Bracco Imaging SpA, CMR Naviscan Corporation, Canon Medical Systems Corporation

What Geographic Markets Are Powering Growth in the Nuclear Imaging Devices And Equipment Market?
Western Europe was the largest region in nuclear imaging devices and equipment market in 2024. North America was the second-largest region in nuclear imaging devices and equipment market. The regions covered in the nuclear imaging devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Learn More About The Business Research Company
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