Nuclear Imaging Equipment Market Global Industry Analysis and Trends till 2024
Increasing government initiatives for the use of modern technologies in healthcare and expansion of infrastructure is expected to drive this market. The introduction of many new manufacturers in this region will increasing the market size for nuclear imaging equipment. This market is presently consolidated and there are few manufacturers who own maximum share of the market.
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Nuclear imaging equipment is used in oncology, cardiology, neurology and others. The oncology applications segment is expected to account for the largest share of the global market. The increasing occurrence of tumors is driving the use of this imaging technique and is projected to register the highest growth rate in the forecast period. The growing occurrence and incidence of cancer across the globe and increasing initiatives by public and private organizations to curb the same in driving the demand for this market. The expansion of advanced systems and radiotracers for oncology are the factors liable for the high growth rate of this segment.
On the basis of end user, the nuclear imaging equipment market is segmented into imaging centers, hospitals, academic, research organization and other end users. The other uses of nuclear imaging are found in pharmaceutical, biotechnology companies and contract research organization (CRO). The rising healthcare expenditure across the globe in driving the demand in hospital segment and is forecasted to hold the largest share during the forecast period of 2016-2024. This segment will also grow at the highest CAGR during the forecast period.
This rise in demand can be accredited to features such as the necessity to improve the effectiveness of diagnostic imaging processes and rising number of these procedures undertaken in hospitals. Also, hospitals are expected to provide the most advanced technology and quality of life care possible. This factor will increase the adoption of advanced nuclear imaging systems in the centers.
By region the market has been segmented into: North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. This market is expected to witness the highest growth in the Asia-Pacific region. Increasing occurrence of various life threatening diseases like cancer, tumors etc. in this region is expected to drive the market for this region.
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The major manufacturers of nuclear imaging equipment in global market are Digirad Corporation, SurgicEye GmbH, Siemens Healthineers, GE Healthcare, Philips Healthcare, Toshiba Medical Systems Corporation, Neusoft Medical Systems Co. Ltd., Mediso Medical Imaging Systems Ltd., CMR Naviscan Corporation and DDD Diagnostics amongst others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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