How is the Nuclear Imaging Devices And Equipment Market Poised for Growth: Trends and Opportunities Through 2034
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How has the nuclear imaging devices and equipment market grown over the years?
Over the past few years, the market size of nuclear imaging devices and equipment has showcased robust growth. This market is predicted to expand from $4.15 billion in 2024 to $4.43 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.7%. Reasons for the market’s growth in the historical period include an increased adoption of diagnostic medical imaging, higher rates of cancer and cardiovascular diseases, as well as initiatives from the government.
What Is the forecasted market size and growth rate for the nuclear imaging devices and equipment market?
Anticipated robust expansion in the limestone market is projected over the coming years, as it’s set to reach a valuation of $107.82 billion by 2029, witnessing a compound annual growth rate (CAGR) of 7.0%. The expansion during the predicted timeframe is attributable to evolving consumer tastes and design inclinations, infrastructure advancement projects, the flourishing construction sector, enhanced cement manufacturing, and adherence to environmental regulations and sustainable practices. The forecast period will also be marked by prominent trends like restoration and heritage conservation, use in interior design and embellishment, application in renewable energy and water treatment, global economic growth, and implementation in agriculture.
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What are the major factors driving growth in the nuclear imaging devices and equipment market?
The rise in chronic diseases is predicted to fuel the expansion of the nuclear imaging devices and equipment market. Chronic diseases or chronic conditions refer to medical issues that persist for three months or more. Nuclear imaging devices and equipment are beneficial for diagnosing and tracking these diseases by providing crucial insights into the progression of the disease, the efficacy of the treatment, and managing the patient. For example, as reported by the World Health Organization (WHO), a Switzerland-based intergovernmental organization, in September 2022, there are 41 million deaths globally each year, making up 74% of all deaths due to chronic diseases. This includes 17.9 million deaths due to cardiovascular diseases, 9.3 million due to cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the escalating prevalence of chronic conditions is promoting the growth of the nuclear imaging devices and equipment market.
What key areas define the segmentation of the global nuclear imaging devices and equipment Market?
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
Subsegments:
1) By SPECT Systems: Single-Photon Emission Computed Tomography (SPECT) Cameras, Hybrid SPECT/CT Systems, SPECT Probes
2) By PET Systems: Positron Emission Tomography (PET) Scanners, Hybrid PET/CT Systems, PET Probes
3) By Planar Scintigraphy Systems: Gamma Cameras, Dual-Head Gamma Cameras, Single-Head Gamma Cameras
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What are the top market players propelling the growth of the nuclear imaging devices and equipment industry?
Major companies operating in the nuclear imaging devices and equipment market include Siemens Healthineers AG, Koninklijke Philips N.V., General Electric Company, Cardinal Health, Inc, NTP Radioisotopes SOC Ltd, SurgicEye GmbH, Neusoft Medical Systems Co., Ltd, Digirad Corporation, Mediso Medical Imaging Systems Ltd, Shimadzu Corporation, BCL X-Ray Canada Inc., Absolute Imaging Inc., Alliar Medicos a Frente, Clinica da Imagem do Tocantins, Curium, DB Diagnosticos do Brasil, DASA, Bracco Imaging SpA, CMR Naviscan Corporation, Canon Medical Systems Corporation
What are the key trends shaping the future of the nuclear imaging devices and equipment market?
Firms operating in the nuclear imaging devices and equipment market are adopting hybrid imaging technologies like 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 combined systems deliver accurate images with improved resolution and offer both morphological and physiological data in a single test session. For instance, a SPECT/CT system used for skeletal assessment provides accurate location data and enhances the specificity of the information supplied by CT.
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What regions are dominating the nuclear imaging devices and equipment market growth?
Western Europe was the largest region in nuclear imaging devices and equipment market in 2024. North America was the second-largest region in nuclear imaging devices and equipment market. The regions covered in the nuclear imaging devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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