Nuclear Imaging Equipment Displaying Bright Growth Prospects

Nuclear imaging equipment market is expected to grow at a CAGR of 4.8%, during 2017 – 2023, according to the latest research study published by P&S Intelligence, the study covers detailed analysis of component and distribution channel of nuclear imaging equipment industry.

Across the globe, the population of the elderly is increasing at a high rate. The United Nations, in its latest World Population Ageing report, estimated that 703 million people on earth were more than 65 years old in 2019, and that their population will touch 1.5 billion by 2050. Such age brings about physical and immunological weakness as well as glandular disfunction, which result in several types of diseases and disorders. This is why the geriatric population is more susceptible to illnesses than those in the comparatively younger age groups. A lot of health issues require medical imaging for effective diagnosis, via various modalities, including nuclear imaging.

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Therefore, with the growth in the number of the elderly and their susceptibility to diseases, the nuclear imaging equipment market would also witness considerable progress in the coming years. In such a process, an extremely small amount of a radioactive material is injected into the body, and its absorption by a tissue or organ is detected by a gamma camera, which catches the radiation thus produced, thereby helping doctors assess the functioning of that body part. Thallium, technetium, gallium, xenon, and iodine are among the numerous radioactive elements or radionucleotides used for the purpose.

The objective of this research includes;

• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the nuclear imaging equipment market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the nuclear imaging equipment market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the nuclear imaging equipment market and their service offerings

Single-positron emission computed tomography (SPECT), hybrid positron emission tomography (PET), and planar scintigraphy are the various nuclear imaging techniques. Among these, the highest demand in the past has been for SPECT scanners, as they are widely used to asses the severity of brain injury, where CT and magnetic resonance imaging (MRI) have certain limitations, especially in detecting the flow of blood in the veins and arteries. In the coming years, hybrid PET systems are expected to witness the most rapidly increasing demand.

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Such tests are done at hospitals, diagnostic centers, research institutes, and numerous other settings. Among these, hospitals are the largest users of such devices, as they host the highest number of patients. Hospitals have skilled professionals, who also offer medical advice, rather than just scan results, which is why patients prefer visiting these over diagnostic centers. This is also why, even in the coming years, these healthcare settings would account for the highest procurement rate of such equipment.

Thus, with the increasing incidence of various diseases and the need for effective diagnosis, the procurement rate of nuclear imaging scanners would also rise across the world.

Some of the key players in the global nuclear imaging equipment market include Siemens AG, GE Healthcare, Philips Healthcare, Digirad Corporation and Neusoft Medical Systems Co., Ltd., Cannon Inc., DDD Diagnostics, CMR Naviscan Corporation, SurgicEye GmbH and Mediso Medical Imaging Systems Ltd.

The research includes detailed analysis of;

Product

• Single Photon-Emission Computed Tomography (SPECT)
  • Hybrid SPECT Systems
  • Standalone SPECT Systems
• Hybrid Pet
• Planar Scintigraphy

Application

• Oncology
• Cardiology
• Neurology

End User

• Hospitals
• Diagnostic Centers
• Research Institutes

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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