Global Nuclear Imaging Devices Market, By Product (Single Photon-Emission Computed Tomography (SPECT), Hybrid Pet, Planar Scintigraphy), Application (Oncology, Cardiology, Neurology, Others), End User (Hospitals, Imaging Centers, Academic and Research Centers, Others)-Industry Trends and Forecast to 2029.
Market Analysis and Size
The Nuclear Regulatory Commission (NRC) of the United States supervises nuclear imaging equipment manufacture and use, as well as radiation therapy and research. It has agreements with 37 states in the United States that allow them to govern the use of certain radioactive materials by issuing licences to hospitals, clinics, and medical facilities.
The SPECT segment is expected to the largest share in the nuclear imaging devices market due to the SPECT imaging systems are less expensive than hybrid PET imaging systems, they are widely used. Data Bridge Market Research analyses that the nuclear imaging devices market was valued at USD 2.74 billion in 2021 and is further estimated to reach USD 4.17 billion by 2029, and is expected to grow at a CAGR of 5.4% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Type (Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care Devices and Eye Care Devices), Application (Hair, Facial, Skin, Oral and Eye), Portability (Pocket-Sized/Handheld Device and Fixed), Mode of Operation (Electric and Battery Operated and Manual), Gender (Female and Male), End User (Commercial/Professional, Domestic/Personalized/ Homecare), Distribution Channel (Direct Sales, Retail and Online)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
DIGIRAD CORPORATION (US), Neusoft Corporation (China), CANON MEDICAL SYSTEMS CORPORATION (Japan), SurgicEye GmbH (Germany), Mediso Ltd. (Hungary), CMR Naviscan. (US), DDD-Diagnostic A/S (Denmark), Absolute Imaging Inc. (Canada), Bartec Technologies Ltd. (UK), BCL X-Ray Canada Inc. (Canada), TTG Imaging Solutions, LLC (US), Mirion Technologies (Capintec), Inc. (US), LANDAUER (US), Ashby Gorman Baker Ltd. (Belgium), Lucerno Dynamics, LLC. (US), Berthold Technologies GmbH & Co.KG (Germany), Incom, Inc. (US), Siemens (US), Koninklijke Philips N.V. (Netherlands), and Spectrum Dynamics Medical (Switzerland).
Nuclear imaging devices are pieces of medical imaging equipment that use radioactive materials to assess the severity of conditions like cancer, endocrine, gastrointestinal, cardiovascular, neurological, and other brain issues. These non-invasive technologies provide clinicians with operational data at the molecular and cellular levels, allowing them to diagnose and assess medical problems.
Nuclear Imaging Devices Market Dynamics
- Technological advancements
Imaging technology improvements have always been a challenge to practitioners in terms of how to best use them in patient care which is further anticipated to propel the growth of the market.
- Change from standalone to hybrid modalities
Scientists, researchers, and technologists have been able to introduce systems into clinical practise in recent years that combine two or even more discrete diagnostic imaging modalities which will further accelerate the growth of the market.
- Increase in the incidence of cancer and cardiac ailments
Nuclear medicine has a lot of potential for treating cancer and heart disease. There is substantial evidence that using nuclear imaging techniques to diagnose a tumour has a greater influence on patient management in terms of tumour surveillance and treatment response is further contributing to the market growth.
In addition, the rise in the need for data integrated imaging systems is further estimated to provide potential opportunities for the growth of the nuclear imaging devices market in the coming years.
On the other hand, the rise in the cost of diagnostic imaging systems is further projected to impede the growth of the nuclear imaging devices market in the targeted period. However, the growing hospital budget might further challenge the growth of the nuclear imaging devices market in the near future.
This nuclear imaging devices 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 the nuclear imaging devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nuclear Imaging Devices Market
The pandemic of COVID-19 has had a huge impact on the nuclear imaging devices market. The COVID-19 pandemic has had a substantial impact on hospital resources around the world. This has mostly been accomplished by drastically lowering in-patient and outpatient services for various diseases, as well as instituting infection prevention and control methods. The epidemic afflicted countries all over the world, causing a sharp drop in both diagnostic and therapeutic nuclear medicine treatments. However, in the post-COVID scenario, the nuclear imaging devices market is gradually increasing in demand.
Global Nuclear Imaging Devices Market Scope and Market Size
The nuclear imaging devices market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Single Photon-Emission Computed Tomography (SPECT)
- Hybrid Pet
- Planar Scintigraphy
On the basis of product, the nuclear imaging devices market is segmented into single photon-emission computed tomography (SPECT), hybrid pet and planar scintigraphy. Single photon-emission computed tomography (SPECT) segment is further sub segmented into hybrid SPECT systems and standalone SPECT systems.
On the basis of application, the nuclear imaging devices market is segmented into oncology, cardiology, neurology and others. Others segment is further sub segmented into urology, orthopedics, gastroenterology and thyroid-related disorders.
- Pocket-Sized/Handheld Device
On the basis of portability, the nuclear imaging devices market is segmented into pocket-sized/ handheld device and fixed.
- Imaging Centers
- Academic and Research Centers
On the basis of end user, the nuclear imaging devices market is segmented into hospitals, imaging centers, academic and research centers and others.
Nuclear Imaging Devices Market Regional Analysis/Insights
The nuclear imaging devices market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The countries covered in the nuclear imaging devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nuclear imaging devices market due to the occurrence of major key players. Furthermore, the rise in the incidence of cancer and cardiovascular will further boost the growth of the nuclear imaging devices market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth of the nuclear imaging devices market due to the increase in the public and private investments for the improvements of medical infrastructure. Moreover, the rise in the geriatric population is further anticipated to propel the growth of the nuclear imaging devices market in the region in the coming years.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
The nuclear imaging devices 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 imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nuclear imaging devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Nuclear Imaging Devices Market Share Analysis
The nuclear imaging devices 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 imaging devices market.
Some of the major players operating in the nuclear imaging devices market are:
- DIGIRAD CORPORATION (US)
- Neusoft Corporation (China)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- SurgicEye GmbH (Germany)
- Mediso Ltd. (Hungary)
- CMR Naviscan. (US)
- DDD-Diagnostic A/S (Denmark)
- Absolute Imaging Inc. (Canada)
- Bartec Technologies Ltd. (UK)
- BCL X-Ray Canada Inc. (Canada)
- TTG Imaging Solutions, LLC (US)
- Mirion Technologies (Capintec), Inc. (US)
- LANDAUER (US)
- Ashby Gorman Baker Ltd. (Belgium)
- Lucerno Dynamics, LLC. (US)
- Berthold Technologies GmbH & Co.KG (Germany)
- Incom, Inc. (US), Siemens (US)
- Koninklijke Philips N.V. (Netherlands)
- Spectrum Dynamics Medical (Switzerland)
Research Methodology: Global Nuclear Imaging Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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