Europe Nuclear Medicine Equipment Market, By Product (SPECT, Hybrid PET, Planar Scintigraphy), Application (Oncology, Cardiology, Neurology, General Imaging), End Users (Hospitals, Imaging Centers, Others), Country (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) Industry Trends and Forecast to 2028
Nuclear medicine equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of approximately 11.9% in the forecast period of 2021 to 2028. The increase in prevalence of cardiovascular diseases and cancer cases among population across the globe is escalating the growth of the nuclear medicine equipment market.
Nuclear medicine equipment refer to equipment which examine various processes such as expression of cell receptors in normal cells and abnormal cells, tissue blood flow, apoptosis, neurotransmitter activity, cell trafficking, metabolism and homing. These equipment are utilized for drug development and diagnosing numerous ailments and diseases such as neurological diseases, cancer and cardiovascular disorders. They are even useful in the area of unidentifiable structural alteration when paired with computed tomography (CT).
The superiority of nuclear medicine over other imaging procedures and exclusiveness owning to its non-invasive approach to information at cellular and molecular level increases the demand of the product which acts as a major factor driving the nuclear medicine equipment market. The ability of nuclear medicine equipment of detecting the presence of disease in its initial stage and the increase in awareness regarding the chronic diseases across the globe influences the market growth. Rise in technological advancement in the medical products and enhancement of healthcare clinics and centers positively affect the market growth. Additionally, the increase in population, rise in number of cancer patients and advancement in radiotracers accelerate the nuclear medicine equipment market growth. Furthermore, the rise in the rate of diagnostic nuclear medicine procedures globally and growing use of radiopharmaceuticals in diagnosis extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the scarcity of evidence to prove that the medicine will improve patient outcomes, less reimbursement for medical imaging and lack of cost-effectiveness of nuclear medicine equipment are factors expected to obstruct the market growth. Lack of knowledge among radiologists and physicians regarding molecular and anatomic imaging is projected to challenge the nuclear medicine equipment market in the forecast period of 2021-2028.
This nuclear medicine equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nuclear medicine equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Nuclear Medicine Equipment Market Scope and Market Size
Nuclear medicine equipment market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the nuclear medicine equipment market is segmented into SPECT, hybrid PET and planar scintigraphy. SPECT is further segmented into Hybrid SPECT and Standalone SPECT.
- On the basis of application, the nuclear medicine equipment market is segmented into oncology, cardiology, neurology and general imaging.
- On the basis of end users, the nuclear medicine equipment market is segmented into hospitals, imaging centers and others.
Nuclear Medicine Equipment Market Country Level Analysis
Nuclear medicine equipment market is analyzed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the nuclear medicine equipment market report are the Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey and Rest of Europe.
Germany dominates the nuclear medicine equipment market in Europe. The market in Europe is driven by factors such as advances in radiotracers, rise in the number of cancer and cardiovascular cases, adoption of cancer treatment including targeted alpha radio immunotherapy.
The country section of the nuclear medicine equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Nuclear medicine equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nuclear medicine equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nuclear medicine equipment market. The data is available for historic period 2010-2019.
Competitive Landscape and Nuclear Medicine Equipment Market Share Analysis
Nuclear medicine equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nuclear medicine equipment market.
The major players covered in the nuclear medicine equipment market report are SurgicEye GmbH, DDD-Diagnostic A/S, Siemens, Mediso Ltd., GENERAL ELECTRIC, S.A de C.V, TOSHIBA CORPORATION, Cyclopharm, Mallinckrodt, CANON MEDICAL SYSTEMS CORPORATION, Cardinal Health, Koninklijke Philips N.V., Bartec Technologies Ltd, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.