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Nuclear Medicine Imaging Equipment - Global Market Trajectory & Analytics

  • ID: 338509
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Digirad Corporation
  • GE Healthcare
  • Philips Healthcare
  • Positron Corporation
  • Siemens Healthineers
  • MORE
Global Nuclear Medicine Imaging Equipment Market to Reach $2.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Nuclear Medicine Imaging Equipment estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. Hybrid Positron Emission Tomography (PET) Systems, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Single-Photon Emission Computed Tomography (SPECT) Systems segment is readjusted to a revised 2.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $629.6 Million, While China is Forecast to Grow at 5.5% CAGR

The Nuclear Medicine Imaging Equipment market in the U.S. is estimated at US$629.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$585.4 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Planar Scintigraphy Segment to Record 2.2% CAGR

In the global Planar Scintigraphy segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$434.6 Million in the year 2020 will reach a projected size of US$494 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$393.6 Million by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

Select Competitors (Total 30 Featured):
  • Digirad Corporation
  • GE Healthcare
  • Mediso Medical Imaging Systems
  • Philips Healthcare
  • Positron Corporation
  • Siemens Healthineers
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Digirad Corporation
  • GE Healthcare
  • Philips Healthcare
  • Positron Corporation
  • Siemens Healthineers
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Recent Market Activity
  • Nuclear Medicine Imaging Equipment - A Prelude
  • US - The Dominant Market
  • Developing Nations Offer Lucrative Opportunities
  • PET Scanners to Outshine SPECT Systems
  • Positive Outlook for the Healthcare Industry Signals Growth
  • Rising Incidence of Cancer - A Major Growth Driver
  • Ageing Population - A Vital Demography
  • Competitive Landscape
  • Competitive Overview in Nuclear Medicine Market
  • A Competitive Analysis of Major Players in the Nuclear Medicine Market
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Digirad Corp. (US)
  • GE Healthcare Plc (UK)
  • Mediso Medical Imaging Systems (Hungary)
  • Mediso Medical Imaging Systems (Hungary)
  • Positron Corporation (US)
  • Siemens Healthineers (Germany)
3. MARKET TRENDS & DRIVERS
  • Technology Innovations Promise Bright Prospects
  • Technological Advancements to Drive Growth
  • Select Technological Advances
  • Full-Body PET Scanner on the Horizon
  • Wearable PET Scanner for Neurological Imaging
  • CZT Detectors Help GE's New Scanner to Provide Better Images at Low Radiation
  • Limited Potential Exists for Further Improvements in System Physics
  • Software Developments Improve Nuclear Medicine Imaging
  • Software Makes an Impact in SPECT Image Acquisition Times
  • Hybrid Imaging to Herald a New Era of Diagnosis
  • Duration of Hybrid Imaging Procedure Bodes Well for Market
  • Personalized Medicine Slowly Gaining Ground; To Drive Nuclear Medicine
  • Battling Alzheimer's Disease - A Powerful Market Force for Nuclear Medicine
  • Hypoxia Imaging - The Future of Cancer Therapy
  • PET or SPECT for Cardiac Imaging - The Debate Continues
  • Innovative Radiotracers - Key to PET & SPECT Success
  • SPECT Innovations to Improve Efficiency
  • Cardiocentric SPECT
  • Cardio-Focused Collimation
  • Novel Biomarkers to Extend PET in Oncology
  • Cardiac Amyloidosis Visualization - A Potential Application for PET
  • Application of PET in Drug Development to Expand Opportunities
  • PET/MRI Makes Inroads
  • Major Players Come Up with New Hybrid PET/MRI Systems
  • Broad Clinical Applications to Drive Demand for Hybrid PET/MR Systems
  • Digital Silicon Photomultiplier Array for PET/MRI Systems
  • PET-MRI Emerging as a Promising Standard for Imaging Soft Tissue Contrast
  • Innovative Radiopharmaceuticals to Boost Cardiac Applications
  • Factors Restricting Market Growth
  • High Costs - A Major Threat for Market Growth
  • Supply Shortages: A Niggling Cause of Concern
  • Canadian Scientists Discover Means to Address Supply Shortages
  • Price Sensitivity & Competition from Alternatives Limit Market Potential
  • Unfounded Fears of Radiation Exposure Hinder Growth
  • Bottlenecks in Developing Markets
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 30
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Digirad Corporation
  • GE Healthcare
  • Mediso Medical Imaging Systems
  • Philips Healthcare
  • Positron Corporation
  • Siemens Healthineers
Note: Product cover images may vary from those shown
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