Nuclear Medicine Equipment Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Nuclear Medicine Equipment Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : July, 2020 | Medical Devices | PPT format

Report Digest


Global Nuclear Medicine Equipment Market: Overview

Nuclear medicine equipment include special imaging devices such as single-photon emission computed tomography (SPECT) and gamma cameras a.k.a. scintillation cameras for diagnosing and treating chronic diseases such as cancer. Composed of radiation detectors, gamma cameras help to identify radioactive energy emitted from the patient’s body and converts it into an image. SPECT could work in combination with gamma cameras for producing 3D or more detailed images. This could be done with the rotation of gamma camera heads around the patient’s body.

Global Nuclear Medicine Equipment Market: Key Trends

Over the course of the forecast period 2017–2025, the world nuclear medicine equipment market is prognosticated to register an attractive growth owing to some reliable factors. There could be favorable changes taking place in the world nuclear medicine equipment market on account of technological evolutions such as hybrid imaging, improvements in molecular imaging that do not necessitate radioisotopes, and the introduction of new radiopharmaceuticals to help in diagnosis and therapy.

However, lack of molecular and anatomic imaging training, insufficient evidence and data to support the capability of nuclear medicines to improve patient results, lack of cost-effectiveness, and lessened medical imaging reimbursement could pose some challenge to the world nuclear medicine equipment market. Nonetheless, market participants are predicted to be blessed with some profit-making business opportunities in the coming years.

The growth of the world nuclear medicine equipment market could be attributed to the exclusive benefit of specific deliverance of non-invasive and unique approach to data at cellular and molecular levels, which otherwise cannot be reproduced with the help of other imaging procedures. Against the background of the rise in awareness about chronic diseases, the world nuclear medicine equipment market is expected to witness a higher demand because of the advantage of earlier detection. A positive effect on the growth of the world nuclear medicine equipment market could be anticipated with the increase in diagnostic nuclear medicine procedures conducted on a worldwide platform.

Global Nuclear Medicine Equipment Market: Market Potential

The King Hussein Cancer Center (KHCC) in Jordan has appreciated the support of the International Atomic Energy Agency (IAEA) provided via the 2015 Practical Arrangements agreement between the two entities. Development of the IAEA Curricula for Nuclear Medicine Professionals, arrangement of clinical practices workshops and meetings, and direct training of nuclear medicine professionals are the three key areas of the collaboration. KHCC believes early diagnosis and treatment of cancer through nuclear medicine technologies and techniques are vital for improving the cure rate among patients.

Global Nuclear Medicine Equipment Market: Regional Outlook

The U.S. nuclear medicine equipment market is prophesied to testify a remarkable progress on the back of several technological advancements, thus raising the hopes of vendors operating in North America. As a result, North America could well run for attaining a dominant position in the international nuclear medicine equipment market. One of the factors that is envisaged to be responsible for the growth of North America is the rapid advent of novel radiopharmaceuticals for the purpose of conducting therapeutics and diagnosis.

Actively participating countries such as Japan could help the Asia Pacific nuclear medicine equipment market to grow at a faster rate. The analysts foresee Japan as a larger consumer of nuclear medicine equipment in Asia Pacific. Moreover, the country could exhibit a high development of nuclear medicine practice due to a telling increase in the count of hybrid SPECT/CT examinations performed in the recent past. Other countries such as India and China are foretold to expedite the growth of Asia Pacific with an augmenting demand for the diagnosis and treatment of Parkinson’s and Alzheimer’s diseases.

Global Nuclear Medicine Equipment Market: Competitive Landscape 

The worldwide nuclear medicine equipment market could be branded by consistent elements that direct price trends and other vital factors. Envisioned to carry a secular nature, the worldwide nuclear medicine equipment market could bear the presence of top players such as Siemens Healthineers, Philips Healthcare, GE Healthcare, Digirad Corporation, and DDD-Diagnostics A/S.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.