Nuclear Imaging Equipment Market to Grow at a CAGR of 6.51% Through 2026

High-end investments and adoption of sedentary lifestyle is expected to drive the demand for global nuclear imaging equipment market in forecast period.

According to TechSci Research report, “Global Nuclear Imaging Equipment Market By 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 Company, By Region, Forecast & Opportunities, 2026”, the market for the global nuclear imaging equipment market stood at USD4.05 billion in 2020 and is expected to grow at a steady CAGR of 6.51% during the forecast period. This can be attributed to the growing number of geriatric population suffering from various diseases. Additionally, the increasing incidence of different types of cancer including blood cancer, breast cancer, lung cancer, stomach cancer, prostrate cancer, among others has drastically increased the demand for PET imaging systems thereby driving the overall nuclear imaging equipment market growth through 2026. Besides, the growing need to produce optimum results has resulted in an increase in technological upgradation which in turn has made the healthcare sector adopt the nuclear imaging equipment to conduct tests for accurate disease diagnostics and treatment. However, higher cost of installations of nuclear imaging equipment is expected to slow down the market growth. Additionally, nuclear imaging procedures are quite expensive, and the patients usually do not prefer going for these imaging tests unless and until they are very much required. This in turn negatively hampers the market growth through 2026. Also, very less or no reimbursements provided by different governments across the globe for these procedures is further expected to slow down the market growth during the next five years.

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Global nuclear imaging equipment market is segmented into product type, application, end user, region, and company. Based on end user, market is further categorised into hospitals & clinics, diagnostic imaging centers and others. Hospitals segment held the largest market share of 51.33% in 2020. Adoption of nuclear imaging equipment in hospitals to improve the efficiency of the diagnostic procedures and enhance performance of the diagnostic procedures is expected to drive the segmental growth. Based on application, market is segregated into oncology, cardiology, and neurology and others. Oncology segment held the major market share of around 42.34% in 2020 on account of development of radiotracers and advanced systems. Additionally, rising awareness and prevalence of cancer disease across the globe is majorly contributing to surge in the market growth of global nuclear imaging equipment market.

Siemens Healthineers AG, GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Digirad Corporation, SurgicEye GmbH, Mediso Ltd., MILabs B.V., MR Solutions Ltd., DDD- Diagnostics A/S, Segami Corporation, Mirion Technologies (Capintec), Inc., CMR Naviscan, Positron Corporation, Neusoft Medical Systems Co., Ltd. are the leading players operating in global nuclear imaging equipment market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several nuclear imaging equipment manufacturers are coming up with their technologically advanced offerings.

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“Adoption of emerging technologies along with data integration in nuclear imaging systems to enable processing and re-construction of images and generation of 3-D images is expected to drive the growth of global nuclear imaging equipment market through 2026. Early detection and disease progression are the major factors contributing towards the growth of global nuclear imaging equipment market. Also, access of data remotely and use of appropriate control systems to obtain optimum results are other factors driving the nuclear imaging equipment market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Nuclear Imaging Equipment Market By 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 Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global nuclear imaging equipment market and provided statistics & information on market size, shares, 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 of global nuclear imaging equipment market.

 

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