According to #TechSci Research
report, Global Nuclear
Imaging Equipment Market stood at
USD4054.46 million in 2020 and is expected to grow at a CAGR of 6.51% by 2026.
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Growing demand for imaging system procedure for test conduction and healthcare sector expansion is driving the global nuclear imaging equipment market.
The growing demand for nuclear imaging equipment to diagnose chronic diseases like cancer, cardiovascular diseases, and others is expected to drive market growth by 2026. Additionally, increasing healthcare expenditure coupled with improving healthcare scenario is further expected to support the market growth over the next few years.
Furthermore, the growing geriatric population worldwide, which is susceptible to various diseases, is expected to support the market growth during the forecast period. Besides, advancements such as increased demand for data integrated imaging systems, rising number of nuclear pharmacies, among others, are expected to create lucrative opportunities for market growth during the forecast period.
Browse over 140 market data Figures and 1 market data Table spread through 220 Pages and an in-depth TOC on "Global Nuclear Imaging Equipment Market"
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However, the high cost of these equipment is one of the major challenges faced by the hospitals and diagnostic centers of Asia Pacific, South America and the Middle East and Africa. This, in turn, has led to an increase in demand for refurbished nuclear imaging equipment in these countries.
Also, stringent regulatory scenarios and policies for launching and marketing nuclear imaging equipment are expected to hamper market growth significantly. The regulatory framework is quite strict when it comes to product recalls.
The global nuclear imaging equipment market is segmented based on product type, application, end user, company, and regional distribution. Based on product type, the market can be split into PET Imaging Systems and Gamma Camera Imaging. The PET Imaging Systems segment dominated the market in 2020 with an overall share of 65.19% and is expected to continue its dominance through 2026 on account of its ability to provide high-resolution images, and it is mainly used in oncology as the images provided give comprehensive information of the tumor.
The Gamma Camera Imaging Systems can be further split into SPECT Imaging Systems and Planar Scintigraphy Imaging Systems. The SPECT Imaging Systems segment is expected to dominate the market during the forecast period on account of their higher adoption since they are affordable.
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Also, major companies have started improvising their SPECT Imaging Systems portfolio through the incorporation of latest technologies in them and launching new nuclear imaging equipment based on SPECT technology.
Key market players in the nuclear imaging equipment market include:
Global nuclear imaging equipment is quite consolidated, with the market being dominated by the major diagnostic imaging equipment giants such as Siemens Healthineers AG, GE Healthcare, Koninklijke Philips NV and Canon Medical Systems Corporation. Other prominent players operating in the market include SurgicEye GmbH, Mediso Ltd., etc.
Major companies operating in the market are following strategies such as mergers & acquisitions, product launches, collaborations, spinoffs, among others, in order to stay competitive and have an edge over other players operating in the market. For instance, in March 2021, GE Healthcare launched StarGuide system, an advanced SPECT/CT system, to address the needs of new-age research-focused clinicians.
Similarly, in October 2020, Siemens Healthineers AG introduced Biograph Vision Quadra Extended Axial FoV PET/CT Scanner. This has been designed for use in both clinical purposes and translational research. The Biograph Vision Quadra can be sited in the same clinical space as traditional PET/CT scanners, so the institution does not need to construct a large new room to house the scanner.
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“The Asia Pacific region is expected to register the fastest growth during the forecast period. This can be attributed to the growing healthcare awareness among the population residing in the region. The population in the region is getting aware of different diseases and about the benefits of early diagnosis of diseases. This, in turn, has increased the number of people going for regular diagnostic checks, thereby supporting the market growth through 2026.
Additionally, Asia Pacific is home to two of the world’s highest populated countries China and India, which have a huge population base suffering from various chronic diseases such as cancer, cardiovascular diseases, etc. According to China Cardiovascular Diseases Report 2018, two in five deaths in China can be attributed to cardiovascular diseases. Also, according to the results published by the Global Burden of Disease study, the state age-standardized death rate of 272 per 100,000 population in India is much higher than that of the global average of 235.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Nuclear Imaging Equipment Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Product Type (PET Imaging Systems, Gamma Camera Imaging Systems), By Gamma Camera Imaging Systems (SPECT Imaging Systems, Planar Scintigraphy Imaging Systems), By Application (Oncology, Cardiology, Neurology, Others), By End User (Hospitals & Clinics, Diagnostic Imaging Centers, Others), By Region”, has evaluated the future growth potential of the global nuclear imaging equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global nuclear imaging equipment market.
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Increasing vision aesthetics is driving the growth of United States Nuclear Imaging Equipment Market, in the forecast period.
According to TechSci report on, “United States Nuclear Imaging Equipment Market By Type (PET Imaging Systems, Gamma Camera Imaging Systems) By Application (Oncology, Cardiology, Neurology, Others) By End User (Hospitals & Clinics, Diagnostic Imaging Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, United States nuclear imaging equipment market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. United States nuclear imaging equipment market owes its growth to the factors like surge in the demand of the advance medical services for the early and easy diagnosis and treatment. Moreover, the patients are demanding minimally invasive or non-invasive diagnostic and surgical procedures, that nuclear imaging equipment can provide. Also, the rapidly increasing instances of research and technological development in the medical science is driving the growth of the United States nuclear imaging equipment market in the upcoming five years.
Furthermore, rising awareness levels among physicians and clinical researchers regarding the benefits of nuclear imaging coupled with increasing application areas such as cases in oncology, and neurological diseases are supporting the growth of the United States nuclear imaging equipment market positively in the next five years.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "United States Nuclear Imaging Equipment Market"
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The United States nuclear imaging equipment market is segmented by type, application, end user, regional distribution, and competitional landscape. Based on application, the market is further bifurcated into oncology, cardiology, neurology and others. Oncology is the study and treatment of tumors. The tumor or cancerous cells grow in abundance at a point and form a cluster of non-matured, cells. Diagnostics involves injecting a very small amount of radioactive nucleoid that illuminates of cold highlights the cancerous cells. The nuclear scans using the nuclear imaging system detects it.
The equipment also aids the studies along with the treatment procedure and diagnostic procedure related to oncology, thus the application of the nuclear imaging equipment is anticipated to surge in the oncology applications and assert the dominance over the market. The increasing number of cancer patient along with the rising number of research and studies carried out for cancer is driving the growth of the United States nuclear imaging equipment market in the upcoming five years. Neurology is also anticipated to hold significant shares of the market due to increasing research on the brain stimulation and studies related to the neural disorder, The instances of the brain damage and brain diseases are also rising thus, the demand is surging creating enough support for the growth of the market in the next five years.
Based on end user, the market is further divided into hospitals & clinics, diagnostic imaging centers, and others. Hospitals & clinics are anticipated to dominate the market segment, since the nuclear imaging equipment are risky and expensive medical devices. The kind of infrastructure, and device installment the nuclear imaging equipment require is not much possible in the small clinics, also, the prevention measures of the gamma radiation is not possible to be followed in the smaller healthcare units, thus hospitals and clinic are expected to hold the largest revenue shares of the market in the upcoming five years.
Holding the major revenue shares of the United States nuclear imaging equipment market, a partial list of the major market players includes, GE Healthcare, Philips Healthcare (USA), Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Digirad Corporation, Segami Corporation, Mirion Technologies (Capintec), Inc., Positron Corporation, CMR Naviscan Corporation, Mediso USA, among others. Research and development are a consistent area of improvement for the market players, and they are actively involved too. Technological advancement is helping the advancing medical devices and equipment in use of diagnosis and surgical treatment and advancing healthcare industry.
With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Global healthcare market defines the North American healthcare as the best healthcare facility due to availability of the health care as it is in the country, United States. The advancing healthcare units and the facilities provided to the consumers is driving the growth of the market in the upcoming five years. Also, nuclear imaging equipment is an advance imaging technique that is allows detailed and expert analysis of chronic diseases like cancer and cardiovascular diseases. New market players are advised to be highly involved in the detailed research and development of the diagnosing medical equipment. Providing a cheaper, more viable, and minimally or non-invasive methods of diagnosis and surgical treatment will help them establish their own brand name in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Nuclear Imaging Equipment Market By Type (PET Imaging Systems, Gamma Camera Imaging Systems) By Application (Oncology, Cardiology, Neurology, Others) By End User (Hospitals & Clinics, Diagnostic Imaging Centers, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United States nuclear imaging equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States nuclear imaging equipment market.
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Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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Website: https://www.techsciresearch.com/
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