The global nuclear medicine imaging equipment market is projected to grow at a CAGR of 7.5% during the forecast period 2018-2028 and will be worth US$9,879 million by 2028. The growth in this market is primarily driven due to the increasing prevalence of cancer cases globally which has led to an increased demand for diagnostic procedures among various healthcare providers.
Nuclear medicine imaging equipment is a type of medical device which uses radioisotopes to diagnose and treat various diseases. Nuclear medicine images are created by detecting the gamma rays emitted during this process with cameras or computers. This detection provides information about the location, concentration, half-life, and energy level of radioactive substances in an individual's body. Nuclear medicine imaging equipment is widely used in the diagnosis of various types of cancer, brain injury, and dementia as well as for functional testing to locate blockages of blood vessels.
On the basis of type, the global nuclear medicine imaging equipment market is segmented into Full Ring PET Scanners (Positron Emission Tomography), Partial Ring PET Scanners.
Full Ring PET Scanners (Positron Emission Tomography) is a type of nuclear medicine imaging equipment that uses positrons, emitted by a radioactive substance in the human body, to create images. It detects gamma rays with cameras or computers and provides information about the location, concentration, half-life, and energy level of radioactive substances in an organ. It is used to diagnose cancers, brain injury, and dementia as well as for functional testing to locate blockages of blood vessels.
Partial Ring PET Scanners is a type of nuclear medicine imaging equipment that implements an annular detector, which can be fitted to the outside or inside surface of a round ring scanner. It offers more accurate measurements and reduced patient exposure as compared with full ring scanners. They help in diagnosing various diseases like cancer, heart ailments, and neurological disorders. In this type of scanner, only a part of the ring is used to scan an object while all other parts remain static. A major advantage of partial rings is their ability to produce more images per unit time than full rings do because they cover less area; therefore, they are more efficient.
On the basis of application, the global nuclear medicine imaging equipment market is segmented into oncology, cardiology, and other applications.
Nuclear medicine imaging equipment is an indispensable tool for oncology. It helps doctors identify the location and extent of a cancerous tumor in order to plan a comprehensive treatment strategy. Nuclear medicine imaging equipment in oncology is used to detect cancerous and noncancerous tumors before the patient knows they have them. The images can indicate if a lump or lesion is benign (not cancer) or malignant (cancer), as well as how deeply it has penetrated into nearby tissues such as the lymph nodes.
The application of nuclear medicine imaging equipment in cardiology is to diagnose and monitor the progression of heart disease. The images generated help determine if a person has coronary artery disease, angina pectoris, congestive heart failure, or arrhythmia/fibrillation since they all affect blood flow through the arteries that supply oxygenated blood to the heart muscle.
Nuclear medicine imaging is also used to evaluate blood flow in the heart and can detect any abnormalities that may exist such as a build-up of plaque or leaking valves. The images are particularly helpful for planning treatment when coronary artery bypass grafting (CABG) surgery needs to be performed on people with severe blockages in the arteries.
On the basis of region, the global nuclear medicine imaging equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is the largest in terms of revenue generated while the market size for other regions is comparatively smaller due to less number of patients getting diagnosed with heart disease.
The growth factors for nuclear medicine imaging equipment are increasing detection of cancer, improved cardiology diagnostics, and higher prevalence of diseases. For instance, a new study in Europe revealed that up to 50% of all cancers could be detected by using PET scans earlier than they would have been otherwise. Increasing demand for PET scanners and rise in awareness about cancer-related diseases such as lung cancer, breast cancer, etc., with an increase in incidence rates due to smoking habits worldwide, are driving up the need for these types of diagnostic methods.
Up Market Research published a new report titled “Nuclear Medicine Imaging Equipment Market research report which is segmented by Types (Full Ring PET Scanners, Partial Ring PET Scanners), By Applications (Oncology, Cardiology, Others), By Players/Companies Digirad Corp. (US), GE Healthcare Plc (UK), Mediso Medical Imaging Systems (Hungary), Philips Healthcare (US), Positron Corporation (US), Siemens Healthineers (Germany)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Nuclear Medicine Imaging Equipment Market Research Report|
|By Type||Full Ring PET Scanners, Partial Ring PET Scanners|
|By Application||Oncology, Cardiology, Others|
|By Companies||Digirad Corp. (US), GE Healthcare Plc (UK), Mediso Medical Imaging Systems (Hungary), Philips Healthcare (US), Positron Corporation (US), Siemens Healthineers (Germany)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||230|
|Number of Tables & Figures||161|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Full Ring PET Scanners, Partial Ring PET Scanners and By Application Oncology, Cardiology, Others.
Some of the companies that are profiled in this report are:
Nuclear Medicine Imaging Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nuclear Medicine Imaging Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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