The global nuclear medicine equipment market is estimated to reach $2,647 million by 2022 from $2,012 million in 2015, growing at a CAGR of 3.9% from 2016 to 2022. Increase in prevalence of cancer, heart-related diseases, and neurological disorders has given rise to the importance of early disease diagnosis, which is expected to positively impact the market growth. The nuclear medicine equipment market is driven by the availability of high-quality equipment, rise in adoption of nuclear medicine equipment, and emergence of innovative & advanced equipment. However, high cost of these equipment and their short half-life, high hospital expense, and high cost related to diagnostic imaging services hinder the market growth.
The nuclear medicine equipment market is segmented based on product, application, end user, and geography. Based on product, the market is bifurcated into single-photon emission computed tomography (SPECT) and positron emission tomography (PET). SPECT is further segmented into standalone and hybrid SPECT, while PET into standalone and hybrid PET. By application, the market is categorized into cardiology, neurology, oncology, and others. Based on end user, it is classified into hospitals, imaging centers, and academic & research institutes. Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, Republic of South Africa, Argentina, and rest of LAMEA).
The key players in the industry have adopted product launch as their key developmental strategy to expand their market foothold. For instance, in November 2016, Philips launched an advanced visual analysis and quantification platform called IntelliSpace Portal 9.0., which assists radiologists to diagnose and monitor the treatment of neurological diseases, such as multiple sclerosis and dementia.
Key market benefits
This report provides a detailed quantitative analysis of the current market trends from 2014 to 2022 to identify the prevailing opportunities.
Market estimations provided in the report are based on comprehensive analysis of the key developments in the industry.
The global market is comprehensively analyzed with respect to product type, application, end user, and geography.
In-depth analysis based on geography helps in understanding the regional market to assist in strategic business planning.
The recent developments and strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models
Chapter: 2 Executive Summary
2.1. CXO Perspective
Chapter: 3 Market Overview
3.1. Market Definitions And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Government Regulations
3.3.1. U.S. Fda
3.3.2. Europe Ce Mark
3.3.3. Ministry Of Health, Labor, And Welfare (Mhlw)
3.4. Reimbursement Scenarios
3.5. Clinical Trials
3.6. Market Dynamics
188.8.131.52. Rise In Prevalence Of Chronic Diseases
184.108.40.206. Efficient And Convenient Technique
220.127.116.11. Growing Awareness
18.104.22.168. Budget Constraints
22.214.171.124. Lack Of Trained Professionals
126.96.36.199. Technological Advancements
188.8.131.52. Development Of Skilled Professionals
Chapter: 4 Global Nuclear Medicine Equipment Market, By Product Type
4.2. Market Size And Forecast
4.3.1. Key Market Trends
4.3.2. Key Growth Factors And Opportunities
4.3.3. Market Size And Forecast
4.3.4. Standalone Spect
184.108.40.206. Market Size And Forecast
4.3.5. Hybrid Spect
220.127.116.11. Market Size And Forecast
4.4.1. Key Market Trends
4.4.2. Key Growth Factors And Opportunities
4.4.3. Market Size And Forecast
4.4.4. Standalone Pet
18.104.22.168. Market Size And Forecast
4.4.5. Hybrid Pet
22.214.171.124. Market Size And Forecast
Chapter: 5 Global Nuclear Medicine Equipment Market, By Application
5.2. Market Size And Forecast
5.3.1. Market Size And Forecast
5.4.1. Market Size And Forecast
5.5.1. Market Size And Forecast
5.6.1. Market Size And Forecast
Chapter: 6 Nuclear Medicine Equipment Market, By End User
6.2. Market Size And Forecast
6.3.1. Market Size And Forecast
6.4. Imaging Centers
6.4.1. Market Size And Forecast
6.5. Academic And Research Institutes
6.5.1. Market Size And Forecast
Chapter: 7 Global Nuclear Medicine Equipment Market, By Geography
7.2. Market Size And Forecast
7.3. North America
7.3.1. Key Market Trends
7.3.2. Key Growth Factors And Opportunities
7.3.3. Market Size And Forecast
7.4.1. Key Market Trends
7.4.2. Key Growth Factors And Opportunities
7.4.3. Market Size And Forecast
7.4.10. Rest Of Europe
7.5.1. Key Market Trends
7.5.2. Key Growth Factors And Opportunities
7.5.3. Market Size And Forecast
7.5.8. Rest Of Asia-Pacific
7.6.1. Key Market Trends
7.6.2. Key Growth Factors And Opportunities
7.6.3. Market Size And Forecast
7.6.6. Saudi Arabia
7.6.7. Republic Of South Africa
7.6.9. Rest Of Lamea
Chapter: 8 Company Profiles
8.1. Koninklijke Philips N.V.
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves And Developments
8.2. Siemens Aktiengesellschaft
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4. Key Strategic Moves And Developments
8.3. General Electric Company
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves And Developments
8.4. Digirad Corporation
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategic Moves And Developments
8.5. Mediso Medical Imaging Systems, Ltd.
8.5.2. Operating Business Segments
8.5.3. Key Strategic Moves And Developments
8.6. Toshiba Corporation
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.7. Bozlu Holding
8.7.2. Key Strategic Moves And Developments
8.8. Neusoft Corporation
8.8.2. Operating Business Segments
8.8.3. Key Strategic Moves And Developments
8.9. Compaa Mexicana De Radiologa Cgr, S.A. De C.V.
8.10. Surgiceye Gmbh
8.10.2. Key Strategic Moves And Developments
Nuclear medicine equipment, such as PET/CT and SPECT scans, are used to capture radiation from small amount of radioisotopes that are introduced into the body. These equipment thus help to diagnose diseases and assess the response of treatment provided to the patient. The major factors that drive the market growth are emergence of new and advanced equipment, increase in prevalence of cancer and cardiovascular diseases, rise in investment in modernization of diagnostic imaging centers, and development of radiotracers.
Oncology is anticipated to dominate the global nuclear medicine equipment market throughout the analysis period, owing to the rise in incidence of cancer and increase in awareness about its early diagnosis. Neurology segment has witnessed highest growth rate as these equipment are used to diagnose and assess the treatment response for various neurological disorders such as Alzheimers disease, brain death/injury, vascular dementia, stroke and transient ischemic attack, and others.
Hospitals dominated with around two-fifths of the global market value in 2015, and are expected to continue this trend during the forecast period. The number of patients visiting hospitals is growing to due increase in the occurrence of chronic diseases, which has fueled the market growth for this segment.
North America dominated the market in 2015, and is maintain its position in the future, due to the presence of a large geriatric population, technological advancements, availability of favorable imbursement policies, and affordability to purchase modern and expensive nuclear medicine equipment.
NUCLEAR MEDICINE EQUIPMENT MARKET KEY FINDINGS:
Hybrid PET segment is projected to grow at the highest rate during the analysis period.
Argentina nuclear medicine equipment market is estimated to grow at a CAGR of 6.0%.
Oncology dominated the global nuclear medicine equipment market in 2015.
U.S. was the largest market in 2015, and is projected to maintain its lead until 2022.
Hospitals segment is projected to dominate throughout 2022.
Key players in the global nuclear medicine equipment market include General Electric Company, Koninklijke Philips N.V., Siemens Aktiengesellschaft, Digirad Corporation, Mediso Medical Imaging Systems, Ltd., Toshiba Corporation, Bozlu Holding, Neusoft Corporation, Compaa Mexicana de Radiologa CGR, S.A. de C.V., and SurgicEye GmbH.
- General Electric Company
- Koninklijke Philips N.V.
- Siemens Aktiengesellschaft
- Digirad Corporation
- Mediso Medical Imaging Systems, Ltd.
- Toshiba Corporation
- Bozlu Holding
- Neusoft Corporation
- Compañía Mexicana de Radiología CGR, S.A de C.V.
- SurgicEye GmbH
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.