Global Nuclear Medicine Equipment Market, By Product Type (Single Photon-Emission Computed Tomography (SPECT), Hybrid Pet, Planar Scintigraphy), Application (Cardiology, Oncology, Neurology, General Imaging, Other Applications), End User (Hospitals, Imaging Centers, Academic and Research Centers, Other End Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Nuclear Medicine Equipment Market
Nuclear medicine equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 6.7% in the above mentioned forecast period.
The introduction of advanced nuclear medicine equipment has been increasing on a significant pace, thereby motivating as well as lifting the growth of the nuclear medicine equipment market. In addition, the growing awareness regarding the importance of early diagnosis of diseases as well as the high adoption of nuclear medicine equipment by end users further propels the high adoption rate offered in the market for nuclear medicine equipment. Also the high investment in renovations of diagnostic imaging centers, development of new radiotracers is also fueling the demand of the nuclear medicine equipment market over the forecast period of 2021 to 2028. The never-ending introduction of new and advanced products is also exceedingly influencing the growth of the nuclear medicine equipment market.
Moreover, durable product pipeline, increasing incidence of disease amongst geriatric population and rising demand for nuclear medicine procedures in the emerging market are also adding thrust to the market growth. While, the high cost of nuclear medicine equipments and reduced half-life radiopharmaceuticals along with lack of efficient data and evidence that supports nuclear medicines improves the patient’s outcome are expected to impede the growth of the nuclear medicine equipment market in the above mentioned forecast period. Additionally, the emergences of latest and advanced products are also lifting the growth of the nuclear medicine equipment market.
The nuclear medicine particularly delivers exceptional and noninvasive approach to information at the molecular and cellular level, that is special and cannot be reproduced using other imaging procedures and will further accelerate the expansion of the nuclear medicine equipment market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. Furthermore, the less reimbursement of medical imaging will challenge the growth of the nuclear medicine equipment market.
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.
Global Nuclear Medicine Equipment Market Scope and Market Size
Nuclear medicine equipment market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager 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.
- Based on product type, the nuclear medicine equipment market is segmented into single photon-emission computed tomography (SPECT), hybrid pet and planar scintigraphy. Single photon-emission computed tomography (SPECT) is further segmented into standalone SPECT systems and hybrid SPECT systems.
- The application segment of the nuclear medicine equipment market is segmented into cardiology, oncology, neurology, general imaging, and other applications.
- On the basis of end user, the nuclear medicine equipment market is segmented into hospitals, imaging centers, academic and research centers and other end users.
Nuclear Medicine Equipment Market Country Level Analysis
Nuclear medicine equipment market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the nuclear medicine equipment 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 region leads the nuclear medicine equipment market owing to the rapid introduction of new radiopharmaceuticals for diagnostics and therapeutics in the region along with the high growth U.S. because of various technological advancements. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the nuclear medicine practice in Japan is highly developed with a important rise in a number of hybrid SPECT/CT examinations within this region.
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 to 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 CMR Naviscan, SurgicEye GmbH, Mallinckrodt, Neusoft Corporation, DDD-Diagnostic A/S, CANON MEDICAL SYSTEMS CORPORATION, Mediso Ltd, DIGIRAD CORPORATION, Siemens, Cardinal Health, GENERAL ELECTRIC, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, Bozlu Holding, Compañía Mexicana de Radiología CRG, SA de CV, TOSHIBA CORPORATION, Bartec Technologies Ltd., Biodex, Cyclopharm and Standard Imaging Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.