The growth in this market is mainly driven by the shift from standalone to hybrid modalities, advances in radiotracers, the increasing focus on personalized medicine, investments through public-private partnerships to modernize diagnostic imaging centers, and the increasing incidence and prevalence of cancer and cardiac ailments.
The report Nuclear
Imaging Equipment Market
is expected to reach USD 3.4
billion by 2025 from USD 2.6 billion in 2020, at a CAGR of 4.9% during the
forecast period.
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Market
Segmentation: -
By product, the SPECT
imaging systems segment is expected to account for the largest share of
the Nuclear Imaging Equipment market in 2020
Based on product, the
nuclear imaging equipment market is segmented into hybrid PET imaging systems,
SPECT imaging systems, and planar scintigraphy imaging systems. The SPECT
imaging systems segment is further categorized into standalone and hybrid
imaging systems. The SPECT imaging systems segment is expected to the largest
share in 2019. The large share of this segment can be attributed to high
adoption of SPECT imaing systems on account of lower cost as compared to hybrid
PET imaging systems,
By application, the
oncology segment is expected to account for the largest share of the nuclear
imaging equipment market in 2020
Based on application, the
nuclear imaging equipment market is segmented into oncology, cardiology,
neurology, and other applications. The oncology application segment is expected
to register the highest CAGR during the forecast period. The major factors
contributing to the growth of this segment include the rising incidence and
prevalence of cancer across the globe, initiatives taken by public and private
organizations to curb the rising cancer prevalence, and the development of
advanced systems and radiotracers for oncology.
By end-user, the hospitals end-user segment is expected to account
for the largest share of the Nuclear Imaging Equipment market in 2020
Based on end user, the
nuclear imaging equipment market is segmented into hospitals, imaging centers,
academic & research centers, and other end users. Hospitals accounted for
the largest share of the global nuclear imaging equipment market in 2019. This
can be attributed to factors such as the need to improve the efficiency of
diagnostic imaging procedures and the rising number of diagnostic imaging
procedures performed in hospitals.
Regional
Analysis: -
North America to dominate
the market in 2020
North America, Europe, Asia
Pacific, and the Rest of the World (RoW) are the regions considered for
geographic analysis of the global nuclear imaging equipment market study. North
America is expected to account for the largest share of the global nuclear
imaging equipment market.
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Key
Market Players: -
The prominent players in the global
nuclear imaging equipment market include are Siemens Healthineers (Germany),
Philips Healthcare (Netherlands), and GE Healthcare (US). The other players in
the market include Toshiba Medical Systems Corporation (Japan), Neusoft Medical
Systems Co., Ltd. (China), Mediso Medical Imaging Systems Ltd. (Hungary), Digirad
Corporation (US), CMR Naviscan Corporation (US), SurgicEye GmbH (Germany), and
DDD Diagnostics (Denmark).
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