Top Growth Trends in the Nuclear Imaging Devices And Equipment Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Nuclear Imaging Devices And Equipment Market?
Rising occurrences of chronic diseases are anticipated to fuel the nuclear imaging devices and equipment market’s expansion. Chronic diseases are enduring health conditions that usually last for three months or more. Nuclear imaging devices and equipment play a crucial role in diagnosing and tracing chronic diseases by providing meaningful understanding about the disease growth, effectiveness of the treatment, and managing the patient. For instance, the World Health Organization (WHO), an intergovernmental organization based in Switzerland, reported in September 2022 that every year there are 41 million deaths globally which constitute 74% of all deaths due to chronic diseases. These include 17.9 million deaths because of cardiovascular diseases, 9.3 million due to cancer, 4.1 million due to chronic respiratory diseases, and 2.0 million due to diabetes. Consequently, the escalating incidence of chronic diseases is fuelling the expansion of the nuclear imaging devices and equipment market.
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#How Does the ProjectedNuclear Imaging Devices And Equipment Market Growth Compare Over the Forecast Period?
The market for nuclear imaging devices and equipment has seen significant growth over recent years. This market is expected to expand from a worth of $4.15 billion in 2024 to $4.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth in the past include increased engagement in diagnostic medical imaging, heightened prevalence of cancer and cardiovascular diseases, as well as proactive government initiatives.
In the upcoming years, the nuclear imaging devices and equipment market is forecasted to sustain consistent growth, eventually reaching a worth of $4.9 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 2.5%. This predicted growth within the given timeframe is primarily due to factors such as increased healthcare spending, a growing elderly population, and enhanced access to healthcare facilities. The forecast period is also expected to witness major trends such as advancements in positron emission tomography/computed tomography (pet/ct), the creation of pioneering spectral detector angio CT solutions, implementation of AI-enabled applications, emphasis on the adoption of the latest digital technologies, product innovation, and a greater focus on partnerships and collaborations.
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What New Market Trends Are Reshaping theNuclear Imaging Devices And Equipment Market and Its Opportunities?
Businesses operating in the nuclear imaging devices and equipment market are adopting 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 conducting nuclear medical imaging. These combined systems offer highly precise images boasting superior resolution, as well as providing both physical and biological data in a single testing instance. For example, a SPECT/CT mechanism for skeletal assessment provides precise localization and enhances the uniqueness of the data supplied by CT.
Who Are the Leading Market Players Fueling Growth in the Nuclear Imaging Devices And Equipment Market Trend?
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
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How is the Global Nuclear Imaging Devices And Equipment Market Segemented?
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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Which Geographics are Influencing the Growth 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
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