Nuclear Imaging Devices And Equipment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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The Nuclear Imaging Devices And Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nuclear Imaging Devices And Equipment, The nuclear imaging devices and equipment market size has grown strongly in recent years. It will grow from $4.52 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising use of diagnostic medical imaging, high incidences of cancer and cardiovascular diseases and rising government initiatives.

The nuclear imaging devices and equipment market size is expected to see strong growth in the next few years. It will grow to $6.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising healthcare expenditure, increasing geriatric population and increase in healthcare access. Major trends in the forecast period include advancements in pet/ct (positron emission tomography/computed tomography), development of innovative spectral detector angio ct solutions, use of artificial intelligence (ai)-enabled applications, focusing on use of latest digital technologies, focusing on product innovation and focusing on partnerships and collaborations.

The increasing prevalence of chronic conditions is expected to propel the growth of the nuclear imaging devices and equipment market going forward. Chronic conditions, also known as chronic diseases, refer to long-lasting medical conditions that persist over an extended period of time, typically for three months or more. Nuclear imaging devices and equipment provides diagnosis and monitoring of chronic diseases by providing valuable insights into disease progression, treatment efficacy, and patient management. For instance, in September 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, each year there are 41 million deaths worldwide, accounting for 74% of all fatalities attributed to chronic diseases. This includes 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Therefore, the increasing prevalence of chronic conditions is driving the growth of the nuclear imaging devices and equipment market.

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The nuclear imaging devices and equipment market covered in this report is segmented –

1) By Product Type: SPECT Systems, PET Systems, Planar Scintigraphy Systems

2) By Application: Oncology, Cardiology, Neurology, Other Applications

3) By End-User: Hospitals, Imaging Centers, Academic & Research Institutes, Other End-Users

Companies in the nuclear imaging devices and equipment market are using hybrid imaging technologies such as positron emission tomography/computed tomography (PET/CT), single-photon emission computed tomography/computed tomography (SPECT/CT), and positron emission tomography/magnetic resonance imaging (PET/MRI) for nuclear medical imaging. These hybrid systems provide precise images with better resolution and both morphological and physiological information in just one instance of testing. For instance, a SPECT/CT system for skeletal evaluation offers accurate localization and improves the specificity of information provided by CT.

The nuclear imaging devices and equipment market report table of contents includes:

Executive Summary
Nuclear Imaging Devices And Equipment Market Characteristics
Nuclear Imaging Devices And Equipment Market Trends And Strategies
Nuclear Imaging Devices And Equipment Market – Macro Economic Scenario
Global Nuclear Imaging Devices And Equipment Market Size and Growth

Global Nuclear Imaging Devices And Equipment Market Competitive Benchmarking
Global Nuclear Imaging Devices And Equipment Market Competitive Dashboard
Key Mergers And Acquisitions In The Nuclear Imaging Devices And Equipment Market
Nuclear Imaging Devices And Equipment Market Future Outlook and Potential Analysis
Appendix

Top Major Players: