Nuclear Imaging Devices And Equipment Market Poised to Hit $4.49 Billion by 2029 with Accelerating Growth Trends

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Nuclear Imaging Devices And Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size for nuclear imaging devices and equipment has seen a consistent increase in recent times. It is projected to increase from $3.85 billion in 2024 to hit $4 billion in 2025, which represents a compound annual growth rate (CAGR) of 3.8%. Factors contributing to the growth in the past periods include the escalating utilization of diagnostic medical imaging, a high prevalence of cancer and cardiovascular conditions, coupled with increased governmental initiatives.

How Will the Nuclear Imaging Devices And Equipment Market Size Evolve and Grow by 2029?
There is an anticipated stable expansion in the nuclear imaging devices and equipment market in the coming years. The market is projected to reach a valuation of $4.49 billion by 2029, growing at a compound annual growth rate (CAGR) of 2.9%. This growth over the forecast period is ascribed to factors such as the escalation of healthcare spending, the rise in the elderly population, and greater access to healthcare services. Noteworthy trends forecasted for this period encompass progressions in positron emission tomography/computed tomography (pet/ct), the creation of innovative spectral detector angio CT solutions, the adoption of artificial intelligence (AI) integrated applications, emphasis on contemporary digital technologies, product innovation, and a greater focus on partnerships and collaborations.

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What Drivers Are Propelling the Growth of Nuclear Imaging Devices And Equipment Market Forward?
The surge in chronic diseases is anticipated to drive the expansion of the nuclear imaging devices and equipment market. Chronic diseases, which are enduring medical conditions lasting typically for more than three months, can be efficiently monitored and diagnosed using nuclear imaging devices and equipment. These tools offer significant insights into disease progression, the effectiveness of treatments, and patient management strategies. As indicated by the World Health Organization (WHO) in September 2022, chronic diseases account for approximately 74% of annual global deaths, summing up to 41 million lives lost. This figure encompasses 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. Hence, the rising occurrence of chronic diseases is spurring 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 operating in 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 medical imaging purposes. These hybrid methods deliver clear images with improved resolution and provide both morphological and physiological details in a single test session. For example, a SPECT/CT system utilized for skeletal evaluation delivers precise localization and enhances the specificity of data offered 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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