Nuclear Imaging Devices And Equipment Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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What are the Key Projections for the CAGR of the Nuclear Imaging Devices And Equipment Market From 2025 to 2034?
The market for nuclear imaging devices and equipment has seen robust growth in the past few years. It is projected to increase from $4.15 billion in 2024 to $4.43 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The notable growth during the historical period is linked to the higher utilization of diagnostic medical imaging, a surge in cancer and cardiovascular disease cases, and an increase in government initiatives.
Expectations are high for steady expansion in the market for nuclear imaging devices and equipment over the next few years. Predictions are for it to reach a valuation of $4.9 billion in 2029, increasing at a compound annual growth rate (CAGR) of 2.5%. The anticipated growth can be attributed to several factors, including increased spending in healthcare, the growing population of older adults, and improved access to healthcare services. Key trends for the forecast period include advances in positron emission tomography/computed tomography (pet/ct), the creation of path-breaking spectral detector angio CT solutions, the application of artificial intelligence (AI)-enabled programs, emphasis on the use of cutting-edge digital technologies, a focus on product innovation, and an effort to forge partnerships and collaborations.
Which Primary Drivers Are Supporting the Continued Expansion of the nuclear imaging devices and equipment Market?
The escalating incidence of chronic diseases is anticipated to accelerate the expansion of the nuclear imaging devices and equipment market. Chronic conditions, also recognized as chronic diseases, are enduring medical conditions that continue over a prolonged time span, usually for a quarter or more. Nuclear imaging tools and machinery aid in diagnosing and monitoring of chronic ailments by imparting indispensable insights into disease development, effectiveness of the treatment, and patient care. For instance, as per the World Health Organization (WHO), a Switzerland-based intergovernmental organization, in September 2022, each year, 41 million people worldwide succumb to death due to chronic diseases, which constitutes 74% of all death causes. This accounts 17.9 million deaths from cardiovascular ailments, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the soaring incidence of chronic conditions is propelling the expansion of the nuclear imaging devices and equipment market.
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What Are the Key Industry Players Leading the Charge in the Nuclear Imaging Devices And Equipment Market’s Growth?
Major companies operating in the nuclear imaging devices and equipment market include:
• Siemens Healthineers AG_x000D_
• Koninklijke Philips N.V._x000D_
• General Electric Company_x000D_
• Cardinal Health_x000D_
• Inc_x000D_
How Are Market Trends and Shifts Impacting the Growth Trajectory of the Nuclear Imaging Devices And Equipment Market?
Organizations within the nuclear imaging devices and equipment market are leveraging hybrid imaging technologies such as 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 highly accurate images that offer superior resolution and provide both structural and functional details in a single examination. For example, a SPECT/CT system used for skeletal analysis provides precise pinpointing and enhances the specificity of the information delivered by CT.
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How Are Key Segments Defining the Competitive Landscape of the 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
What Regions Are Influencing the Dynamics of the Nuclear Imaging Devices And Equipment Market?
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
How Is the Definition of the Nuclear Imaging Devices And Equipment Market Impacting Future Growth?
Nuclear imaging devices and equipment are used in the diagnosis of diseases by using small amounts of radioactive substances in the patients and are used in a wide range of medical applications including cardiology, obstetrics/gynecology, vascular, urology, and other medical applications.
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