Nuclear Imaging Equipment Market - Global Forecasts to 2021

Nuclear Imaging Equipment Market - Global Forecasts to 2021
The report"Nuclear Imaging Equipment Market by Product (SPECT (Hybrid SPECT, Standalone
SPECT), Hybrid PET, & Planar Scintigraphy), Application (Oncology, Cardiology & Neurology) &
End user (Hospitals, Imaging Centers) - Global Forecasts to 2021", that analyzes and studies the
major market drivers, restraints/challenges, and opportunities.
Browse 84 market data tables and 43 figures spread through 166 pages and in-depth TOC
on “Nuclear Imaging Equipment Market”
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This report studies the global nuclear imaging equipment market for the forecast period of 2016
to 2021. This market is expected to reach USD 2.85 Billion by 2021 from USD 2.25 Billion in 2016,
growing at a CAGR of 4.8%.
The global nuclear imaging equipment market is segmented on the basis of product, application,
end user, and region.
Based on product, the nuclear imaging equipment market is categorized into SPECT systems,
hybrid PET systems, and planar scintigraphy. In 2016, the SPECT systems segment is expected to
account for the largest share of the nuclear imaging equipment market. The SPECT systems are
further segmented into hybrid SPECT and standalone SPECT systems. In 2016, the hybrid SPECT
segment is expected to account for the largest share of the SPECT nuclear imaging equipment
market. Advantages such as better imaging ability, high resolution, and the ability to show
molecular processes in vivo render hybrid SPECT systems superior than standalone systems.
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Based on application, the nuclear imaging equipment market is segmented into oncology,
cardiology, neurology, and other applications (orthopedics, urology, thyroid-related disorders,
and gastroenterology). In 2016, the oncology application segment is expected to account for the
largest share of the nuclear imaging equipment applications market. The rising incidence and
prevalence of cancer across the globe, initiatives taken by public and private organizations to
curb the same, and development of advanced systems and radiotracers for oncology are the key
factors contributing to the large share of the oncology segment.

Based on end user, the nuclear imaging market is segmented into hospitals, imaging centers,
academic & research centers, and other end users (pharmaceutical & biotechnology companies
and CROs). In 2016, the hospitals segment is expected to account for the largest share of the
market. The rise in the use of advanced imaging solutions and hybrid imaging systems in hospitals
and enhanced care quality is driving the growth of this segment.
Based on region, the nuclear imaging equipment market is divided into North America, Europe,
Asia-Pacific, and Rest of the World (RoW). The RoW region comprises Latin America, the Middle
East and Africa. In 2016, North America is projected to account for the largest share of the nuclear
imaging equipment market, followed by Asia-Pacific and Europe. Increase in adoption of nuclear
imaging technologies and rapid growth in aging population, along with high incidence and
prevalence of chronic diseases, are propelling the growth of the North American nuclear imaging
equipment market.
Factors driving the global market include introduction of new and advanced products, investment
for the modernization of diagnostic imaging centers, development of new radiotracers, and
increasing incidence and prevalence of cancer & cardiovascular diseases. However, factors such
as shutdown of National Research Universal (NRU) reactor, high cost of nuclear imaging
equipment, and shorter half-life of radiopharmaceuticals are hindering the growth of the market.
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The major players in the global nuclear imaging equipment market are Siemens Healthineers
(Germany), Philips Healthcare (Netherlands), and GE Healthcare (U.S.).These companies are
dominant in the nuclear imaging market mainly due to their well-established presence in the field
of medical imaging, presence in over 50 countries, high R&D investments, and strong sales and
distribution force. The other players in the market include Toshiba Medical Systems Corporation
(Japan), Neusoft Medical Systems Co., Ltd. (China), Mediso Medical Imaging Systems Ltd.
(Hungary), Digirad Corporation (U.S.), CMR Naviscan Corporation (U.S.), SurgicEye GmbH
(Germany), and DDD Diagnostics (Denmark).
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