Nuclear Medicine Equipment Market Share, Size, Trends, and Forecast by 2031

MARKET OVERVIEW

The nuclear medicine equipment market refers to the market for equipment used in nuclear medicine, a medical specialty that uses small amounts of radioactive material to diagnose and treat diseases. This equipment includes gamma cameras, single photon emission computed tomography (SPECT) scanners, and positron emission tomography (PET) scanners, which are used to produce images of the body and detect abnormalities in organ function or tissue metabolism. The market is driven by factors such as an increased incidence of chronic diseases and technological advancements in imaging techniques.

MARKET SCOPE

The "Global Nuclear Medicine Equipment Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nuclear medicine equipment market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading nuclear medicine equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on product, the global nuclear medicine equipment market is segmented into single photon-emission computed tomography (SPECT), planar scintigraphy, standalone SPECT Systems, Planar Scintigraphy, and positron emission tomography (PET). The SPECT market is further segmented into hybrid SPECT systems, and standalone SPECT systems.
• Based on application, the nuclear medicine equipment market is bifurcated into oncology, cardiology, neurology, and other applications
• Based on end user, the nuclear medicine equipment market is bifurcated into hospitals, imaging centers, and academic and research centers

MARKET DYNAMICS

Drivers

• Rising frequency of cancer and cardiovascular illness
• Accelerated demand for image-guided operations and diagnostics

Restraints

• Lack of research facilities and funding

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nuclear medicine equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nuclear medicine equipment market in these regions.

IMPACT OF COVID-19 ON NUCLEAR MEDICINE EQUIPMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the nuclear medicine equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nuclear medicine equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for nuclear medicine equipment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nuclear medicine equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• General Electric Company
• Koninklijke Philips N.V.
• CANON MEDICAL SYSTEMS CORPORATION
• Digirad Corporation
• Siemens AG
• Neusoft Corporation
• Mediso Ltd.
• SurgicEye GmbH
• CMR Naviscan
• Positron Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Nuclear Medicine Equipment Report Scope