North America SPECT Equipment Market Analysis, Size, and Share by 2028

North America SPECT Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hybrid SPECT (SPECT-CT and SPECT-MR) and Standalone SPECT), Radioisotope Type (Iodine-123, Technetium-99m, Xenon-133, Thallium-201, Radium-223, Gallium-66, and Other Radioisotopes), Application (Seizures, Stroke, Stress Fractures, Infections, Tumors, and Others), and End User (Hospitals, Imaging Centers, and Others)

Report Date : Feb 2022
Report Code : TIPRE00027112

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 130

The SPECT equipment market in North America is expected to grow from US$ 677.68 million in 2021 to US$ 935.36 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

Increasing prevalence of atherosclerotic CVD in several countries is the ongoing change in nutrition patterns and thus, affecting the people adversely. SPECT equipment is mainly used by doctors to diagnose coronary artery disease. Myocardial perfusion imaging (MPI) using nuclear cardiology techniques has been widely applied in clinical settings because of its well-documented value in the diagnosis and prognosis of coronary artery disease. The half-life of technetium-99m, the radiotracer used for SPECT is around six hours, which means technologists/radiologists have ample time to perform the imaging that is required. This is how they are able to perform nuclear stress tests. SPECT is much more widely available than PET. It is more affordable, with the average camera costing between US$ 400,000 and US$ 600,000. Owing to its widespread use, there is an availability of more trained technologists in this field. The longer half-life of the SPECT radiotracer makes it more widely available and ideal for cardiac stress testing. The rising improvements in radiotracer and camera technology are expected to boost the image quality, helping to overcome a common SPECT complaint. It has been commonly reported that SPECT resolution is at 12 mm to 15 mm, and images can be prone to attenuation on older cameras. So, increasing growth of cardiovascular diseases in several economies is expected to drive the SPECT equipment market

Countries falling under North America were highly impacted by Covid-19 in the initial stages, i.e., during the first wave, and impacted the U.S. SPECT equipment market. As per the Society of Nuclear Medicine and Molecular Imaging (SNMMI), nearly 80% of respondents saw declines of 50%-75% in nuclear medicine imaging procedures. In the U.S., due to an increasing number of infected patients and lethal Coronavirus variants, the diagnostic and imaging activities had come to an end for an extended period during the pandemic. Thus, overall diagnosis of chronic diseases with SPECT equipment got delayed and hampered the North American SPECT equipment market. Therefore, the COVID-19 has a potential economic impact on most sectors, including oncology procedures. The pandemic has hindered cancer diagnosis and surgeries and is likely to impact the market negatively. For instance, in 2020, Breastcancer.org conducted a survey in 534 patients in the U.S., which revealed that around 31.7% of people who had been diagnosed with breast cancer reported a delay in care; of these people, 22% reported delayed in screening, and 9.3% reported a delay in treatment due to COVID-19. As a result, more cases of advanced cancers are expected in coming years due to delayed diagnosis, such as preventative screening and postponed medical appointments, in the coming years. The SPECT Equipment market in the U.S. is expected to witness modest growth driven by an aging population, increases in health risk factors like poor lifestyle, and the adoption of new technology due to favorable regulatory changes. However, the overall market expansion will be hindered by a saturated installed base of large imaging systems and the consolidation of hospitals. Also, the pandemic has dramatically affected the activities in radio isotopes field globally. In many radio pharmacy labs, diagnostic imaging tests are quantitatively reduced, and certain imaging centers reduce their test procedures to a significant extent. Thus, the market for SPECT Equipment region is expected to witness negative growth for a certain period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SPECT equipment market. The North America SPECT equipment is expected to grow at a good CAGR during the forecast period.

North America SPECT Equipment Market Revenue and Forecast to 2028 (US$ Million)

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North America SPECT Equipment Market Segmentation

North America SPECT Equipment Market – By Type

Hybrid SPECT
- SPECT-CT
- SPECT-MR
Standalone SPECT

North America SPECT Equipment Market – By Radioisotopes

Iodine-123
Technetium-99m
Xenon-133
Thallium-201
Ra-223
Ga-66
Other Radioisotopes

North America SPECT Equipment Market – By Application

Seizures
Stroke
Stress Fractures
Infections
Tumors
Others

North America SPECT Equipment Market – By End User

Hospitals
Imaging Centers
Others

North America SPECT Equipment Market- By Country

US
Canada
Mexico

North America SPECT Equipment Market-Companies Mentioned

Bracco Imaging S.p.A.
Bruker Corporation
Cardinal Health, Inc
Curium
Lantheus Medical Imaging Inc.
Mediso Ltd.
MiE GmbH
NTP RADIOISOTOPES
Star Equity Holdings Ltd.

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

This text is related
to segments covered.

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

This text is related
to country scope.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America SPECT Equipment Market – By Type

1.3.2 North America SPECT Equipment Market – By Radioisotope Type

1.3.3 North America SPECT Equipment Market – By Application

1.3.4 North America SPECT Equipment Market – By End User

1.3.5 North America SPECT Equipment Market– By Country

2. North America SPECT Equipment Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America SPECT Equipment Market– Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Experts Opinion

5. SPECT Equipment Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Incidence of Cardiovascular Diseases

5.1.2 Advancements in Analysis of Tumor Imaging

5.2 Market Restraints

5.2.1 High Cost

5.3 Market Opportunities

5.3.1 Recent Advances in SPECT Cameras

5.4 Future Trends

5.4.1 Restructuring the algorithm permits the technology to exhibit conclusive and detailed information

5.5 Impact Analysis

6. SPECT Equipment Market– North America Analysis

6.1 North America SPECT Equipment market Revenue Forecasts and Analysis

7. North America SPECT Equipment Market Analysis – By Type

7.1 Overview

7.2 North America SPECT Equipment Market by Type, 2021 & 2028 (%)

7.3 Hybrid SPECT Market

7.3.1 Overview

7.3.2 Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.3 SPECT-CT Market

7.3.3.1 Overview

7.3.3.2 SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.4 SPECT- MR Market

7.3.4.1 Overview

7.3.4.2 SPECT- MR Market Revenue and Forecasts to 2028 (US$ Mn)

7.4 Standalone SPECT Market

7.4.1 Overview

7.4.2 Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)

8. North America SPECT Equipment Market Analysis – By Radioisotope Type

8.1 Overview

8.2 North America SPECT Equipment Market by Radioisotope Type, 2021 & 2028 (%)

8.3 Iodine-123

8.3.1 Overview

8.3.2 Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)

8.4 Technetium-99m

8.4.1 Overview

8.4.2 Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)

8.5 Xenon-133

8.5.1 Overview

8.5.2 Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)

8.6 Thallium -201

8.6.1 Overview

8.6.2 Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)

8.7 Ra -223

8.7.1 Overview

8.7.2 Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)

8.8 Ga-66

8.8.1 Overview

8.8.2 Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)

8.9 Other Radioisotopes

8.9.1 Overview

8.9.2 Other Radioisotope Type Market Revenue and Forecasts to 2028 (US$ Mn)

9. North America SPECT Equipment Market Analysis – By Application

9.1 Overview

9.2 North America SPECT Equipment Market by Application, 2021 & 2028 (%)

9.3 Seizures

9.3.1 Overview

9.3.2 Seizures Market Revenue and Forecasts to 2028 (US$ Mn)

9.4 Stroke

9.4.1 Overview

9.4.2 Stroke Market Revenue and Forecasts to 2028 (US$ Mn)

9.5 Stress Fractures

9.5.1 Overview

9.5.2 Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)

9.6 Infections

9.6.1 Overview

9.6.2 Infections Market Revenue and Forecasts to 2028 (US$ Mn)

9.7 Tumors

9.7.1 Overview

9.7.2 Tumors Market Revenue and Forecasts to 2028 (US$ Mn)

9.8 Others

9.8.1 Overview

9.8.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)

10. North America SPECT Equipment Market Analysis – By End User

10.1 Overview

10.2 North America SPECT Equipment Market BY End user, 2021 & 2028 (%)

10.3 Hospitals

10.3.1 Overview

10.3.2 Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)

10.4 Imaging centers

10.4.1 Overview

10.4.2 Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)

10.5 Others

10.5.1 Overview

10.5.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)

11. North America SPECT Equipment Market –Country Analysis

11.1 Overview

11.1.1 North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)

11.1.1.1 US: SPECT Equipment Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.2 US: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)

11.1.1.1.2.1 US: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)

11.1.1.1.3 US: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)

11.1.1.1.4 US: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)

11.1.1.1.5 US: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)

11.1.1.2 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.2 Canada: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)

11.1.1.2.2.1 Canada: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)

11.1.1.2.3 Canada: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)

11.1.1.2.4 Canada: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)

11.1.1.2.5 Canada: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)

11.1.1.3 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.2 Mexico: SPECT Equipment Market, by Type – 2019–2028 (US$ Million)

11.1.1.3.2.1 Mexico: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)

11.1.1.3.3 Mexico: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)

11.1.1.3.4 Mexico: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)

11.1.1.3.5 Mexico: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)

12. Impact Of COVID-19 Pandemic on North America SPECT Equipment Market

12.1 Overview

13. North America SPECT Equipment Market–Industry Landscape

13.1 Overview

13.2 Organic Developments

13.2.1 Overview

13.3 Inorganic Developments

13.3.1 Overview

14. Company Profiles

14.1 Cardinal Health Inc

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Curium

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Lantheus Medical Imaging, Inc.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Mediso Ltd

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 NTP RADIOISOTOPES

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Bracco Imaging S.p.A

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Star Equity Holdings, Inc.

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Bruker Corporation

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 MiE GmbH

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Glossary of Terms

LIST OF TABLES

Table 1. North America SPECT Equipment Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2. US SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. US SPECT Equipment Market, by Hybrid SPECT– Revenue and Forecast to 2028 (US$ Million)

Table 4. US SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. US SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 17. Organic Developments in the SPECT Equipment Market

Table 18. Inorganic Developments in the SPECT Equipment Market

Table 19. Glossary of Terms, North America SPECT Equipment Market

LIST OF FIGURES

Figure 1. North America SPECT Equipment Market Segmentation

Figure 2. North America SPECT Equipment Market Segmentation, By Country

Figure 3. North America SPECT Equipment Market Overview

Figure 4. Hybrid SPECT Segment Held the Largest Share in 2028

Figure 5. US to Show Significant Growth During Forecast Period

Figure 6. North America PEST Analysis

Figure 7. North America SPECT Equipment Market Impact Analysis of Drivers and Restraints

Figure 8. North America SPECT Equipment Market – Revenue Forecasts and Analysis to 2028

Figure 9. North America SPECT Equipment Market, by Type 2021 & 2028 (%)

Figure 10. North America Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 11. North America SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12. North America SPECT-MR Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13. North America Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. North America SPECT Equipment Market, by radioisotope type 2021 & 2028 (%)

Figure 15. North America Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16. North America Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. North America Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. North America Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19. North America Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. North America Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. North America Other Radioisotopes Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22. North America SPECT Equipment Market, by Application 2021 & 2028 (%)

Figure 23. North America Seizures Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24. North America Stroke Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25. North America Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26. North America Infections Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 27. North America Tumors Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 28. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 29. North America SPECT Equipment Market, by End User 2021 & 2028 (%)

Figure 30. North America Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 31. North America Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 32. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 33. North America: SPECT Equipment Market, by Key Country – Revenue (2021) (US$ Million)

Figure 34. North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)

Figure 35. US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Impact of COVID-19 Pandemic in North American Country Markets

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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

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Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

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Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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