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 in the Industry Acting as Catalysts for the Growth of theNuclear Medicine Equipment Market?

The rise in cardiac disease rates is predicted to drive the expansion of the nuclear medicine equipment market. Cardiac diseases, otherwise known as cardiovascular or heart diseases, encompass a broad spectrum of conditions that affect the heart and blood vessels. These conditions can influence heart function, structure or blood flow to and from the heart. The predominant causes for the prevalence of these diseases include factors like aging populations, lifestyle factors (such as poor diet and lack of physical activity), environmental factors, and advances in diagnostic technologies leading to improved detection. Nuclear medicine equipment is utilized to manage cardiac diseases by offering detailed imaging and diagnostic data which facilitates early discovery, precise staging, and effective monitoring of these diseases. For instance, in January 2024, data released by the British Heart Foundation, a cardiovascular research charity based in the UK, indicated around 7.6 million people in the UK live with heart and circulatory diseases. This accounts for about 4 million men and 3.6 million women. These diseases cause approximately 27% of all fatalities in the UK, equating to over 170,000 yearly deaths or roughly 480 deaths each day, which translates to one death every three minutes. Consequently, the growing incidence of cardiac ailments is boosting the nuclear medicine equipment market’s growth.

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#What Growth Opportunities Will Drive the Nuclear Medicine Equipment Market’s CAGR Through 2034?

Over the past years, the nuclear medicine equipment market has seen significant expansion. Its value is expected to rise from $2.66 billion in 2024 to $2.81 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.8%. Factors like growing demand for timely detection of diseases, an increase in the elderly population, expansion in healthcare facilities, a surge in resources for research and development, and escalating necessity for functional imaging have contributed to its growth in the historic period.

In the coming years, the nuclear medicine equipment market is projected to experience substantial growth, ballooning to $3.49 billion by 2029 at a 5.5% compound annual growth rate (CAGR). The anticipated expansion during the forecast duration is expected to be driven by factors including increased cancer cases, escalating costs of nuclear imaging systems, a heightened focus on individualized medicine, a growing acceptance of hybrid imaging systems, and an escalating demand for the treatment and diagnosis of Alzheimer’s and Parkinson’s diseases. The forecast period will likely see key trends such as technological advancements, artificial intelligence integration, hybrid imaging systems, telemedicine, and the advent of compact devices.

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What Are the Current Market Growth and Trends in theNuclear Medicine Equipment Market That Industry Players Should Watch?

Key players in the nuclear medicine equipment market are focusing on the creation of advanced devices like PET/T scanners, which offer precise, functional images of body metabolic processes. The PET/CT scanner, a superior image-producing device used in nuclear medicine, integrates positron emission tomography (PET) and computed tomography (CT) technologies. This double-modality scanner facilitates simultaneous functional and anatomical imaging, providing physicians with a precise detection and diagnosis tool for various health conditions. For instance, in June 2024, the German healthcare firm, Siemens Healthineers, introduced the Biograph Trinion PET/CT scanner. The scanner’s unique scalable axial field-of-view architecture allows for on-site technology upgrades without the need for expensive room alterations or interruptions to workflow. It incorporates a lutetium oxyorthosilicate (LSO) crystal detector that delivers high spatial resolution and an ultrafast time-of-flight of 239 picoseconds, boosting the scanner’s ability to detect small lesions and offering proper sensitivity up to 128 cps/kBq. This leads to quicker scans with reduced patient radiation exposure. Moreover, the Biograph Trinion integrates a novel air-cooled digital detector, making its installation simpler than traditional water-cooled systems.

What Are the Major Market Players Making an Impact on theNuclear Medicine Equipment Market Growth?

Major companies operating in the nuclear medicine equipment market are Fujifilm Holdings Corporation, Koninklijke Philips N.V., General Electric Company, Shimadzu Corporation, Mallinckrodt Pharmaceuticals, Curium Pharma, Bartec Technologies Ltd., Cardinal Health Inc., Canon Medical Systems Corporation, Digirad Corporation, TTG Imaging Solutions, Biodex Medical Systems Inc., Spectrum Dynamics Medical, Mediso Ltd., Cyclopharm Limited, Siemens Healthineers AG, Capintec Inc., Laboratorios Bacon S.A., Von Gahlen, Toshiba Medical Systems Corporation, Elysia-Raytest, MR Solutions Ltd., DDD-Diagnostic A/S, MILabs B.V.

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How Are the Key Segments of the Nuclear Medicine Equipment Market Driving Opportunities and Innovations?

The nuclear medicine equipment market covered in this report is segmented –

1) By Product: Single Photon Emission Computed Tomography, Hybrid Positron Emission Tomography, Planar Scintigraphy

2) By Application: Oncology, Cardiology, Neurology, Other Applications

3) By End User: Hospitals, Imaging Centers, Academic And Research Institutes, Other End Users

Subsegments:

1) By Single Photon Emission Computed Tomography (SPECT): Standalone SPECT Systems, Hybrid SPECT/CT Systems

2) By Hybrid Positron Emission Tomography (PET): PET/CT Systems, PET/MRI Systems

3) By Planar Scintigraphy: Cardiac Imaging Systems, Bone Scintigraphy Systems, Thyroid Imaging Systems

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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theNuclear Medicine Equipment Market?# Market Expansion?

North America was the largest region in the nuclear medicine equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nuclear medicine equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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