Report Ocean presents a comprehensive research report on Nuclear Medicine Equipment, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Nuclear Medicine Equipment.
The global nuclear medicine equipment market size was US$ 2.4 billion in 2021. The global nuclear medicine equipment market is forecasted to grow to US$ 3.3 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the study period from 2022 to 2030.
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A subfield of medicine, nuclear medicine, focuses on the analysis of radiotracers used in the diagnosis and treatment of disease. Nuclear medicine finds application in the treatment of gastrointestinal cancer, cardiovascular illness, and chronic diseases. Treatments for gastrointestinal disorders, malignancies of all kinds, and cardiovascular diseases involve nuclear medicine technology.
Regional Analysis
Due to the fact that nuclear medicine has experienced rapid expansion in the United States as a result of numerous technological advancements, North America is projected to be the potential region for the global nuclear medicine equipment market. The dominance of North America is also due to the quick development of novel radiopharmaceuticals for medicinal and diagnostic purposes.
On the other hand, the Asia-Pacific nuclear medicine equipment market is anticipated to experience the quickest growth during the projection period. Japan is expected to hold the largest consumer market for the nuclear medicine equipment market. The practice of nuclear medicine is very advanced in Japan, where the frequency of hybrid SPECT/CT exams has significantly increased recently. Furthermore, with rising demand for Alzheimer’s and Parkinson’s disease treatment and diagnosis, China and India are fuelling the development of the Asia Pacific market.
COVID-19 Impact Analysis
The COVID-19 pandemic negatively affected the nuclear medicine equipment market due to a significant decline in traditional nuclear imaging procedures. Additionally, a substantial decline in the demand for products, such as Single-Photon Emission Computed Tomography (SPECT), notably impeded market growth.
Factors Influencing the Market
Nuclear medicine is expected to rise in the coming years due to the fact that the medicine delivers a non-invasive approach to details at the molecular and cellular levels. This sole approach cannot be reproduced through other imaging procedures. Moreover, it helps users detect the presence of disease during the early stages, which favours the growth of the global nuclear medicine equipment market.
Rising public awareness related to chronic diseases and a significantly growing demand for diagnostic nuclear medicine procedures will potentially boost market growth. Apart from that, growing technological advancements and rising investments pertaining to the development of modern hospitals for advanced facilities will escalate the market growth during the analysis period.
Improving healthcare infrastructure and the rising adoption of technologies in modern care hospitals will prompt the demand for nuclear medicine equipment in the coming years.
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Competitors in the Market
Simen Healthineers
Fujifilm Holdings
Canon Inc
Digirad Corporation
Mediso Medical Imaging Systems
SurgicEye GmbH
General Electric Company
Koninklijke Philips N.V.
bozlu holding
Nuerosoft Medical Systems
Other Prominent Players
Market Segmentation
The global nuclear medicine equipment market segmentation focuses on Product, Application, End-User, and Region.
By Product
Single-Photon Emission Computed Tomography (SPECT)
Positron Emission Tomography (PET)
By Application
Oncology
Neurology
Cardiology
Other Applications
By End User
Hospitals
Imaging Centers
Academic and Research Institutes
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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