Increasing Focus on Personalized Medicine to Boost the Nuclear Imaging Market Growth

Published: Tue Sep 18 2018

"Nuclear Imaging Equipment Market by Product (SPECT (Hybrid SPECT, Standalone SPECT), Hybrid PET, & Planar Scintigraphy), Application (Oncology, Cardiology & Neurology) & End user (Hospitals, Imaging Centers) - Global Forecasts to 2021", that analyzes and studies the major market drivers, restraints/challenges, and opportunities.

Factors driving the global market include introduction of new and advanced products, investment for the modernization of diagnostic imaging centers, development of new radiotracers, and increasing incidence and prevalence of cancer & cardiovascular diseases.

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This market is expected to reach USD 2.85 Billion by 2021 from USD 2.25 Billion in 2016, growing at a CAGR of 4.8%.

However, factors such as shutdown of National Research Universal (NRU) reactor, high cost of nuclear imaging equipment, and shorter half-life of radiopharmaceuticals are hindering the growth of the market.

The global nuclear imaging equipment market is segmented on the basis of product, application, end user, and region.

Nuclear Imaging Equipment Market, by Product
SPECT Systems
Hybrid SPECT
Standalone SPECT
Hybrid PET Systems
Planar Scintigraphy

Nuclear Imaging Equipment Market, by Application
Other Applications (Orthopedics, Urology, Thyroid-related Disorders, and Gastroenterology)

Nuclear Imaging Equipment Market, by End User
Imaging Centers
Academic and Research Centers
Other End Users (Pharmaceutical/Biotechnology Companies and CROs)

The major players in the global nuclear imaging equipment market are Siemens Healthineers (Germany), Philips Healthcare (Netherlands), and GE Healthcare (U.S.).These companies are dominant in the nuclear imaging market mainly due to their well-established presence in the field of medical imaging, presence in over 50 countries, high R&D investments, and strong sales and distribution force.

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 (U.S.), CMR Naviscan Corporation (U.S.), SurgicEye GmbH (Germany), and DDD Diagnostics (Denmark).

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