Nuclear imaging equipment uses radioactive substances or tracers for
the purpose of imaging. These images aid physicians and clinicians in
detection and diagnosis of the illness. The development of advanced
imaging equipment for fulfillment of the increasing requirement for
enhanced diagnostics is leading to development in this market. These
technologically advanced equipment have surpassed the conventional
systems due to better precision and accuracy of images. Increasing
incidence of chronic diseases such as cardiac disorders, cancer, and
neurological disorders, technological advancements, and growing
awareness about the early diagnosis have fueled the growth of the
medical imaging systems market. In addition, increasing aging
population, growing demand for imaging system procedures, and growing
expenditure on healthcare would further fuel the market growth.
However, expensive imaging systems coupled with unfavorable
government initiatives have hindered the growth of the market in
developing regions. Nuclear imaging is used in hospitals and
medicines to provide a physician with apparatus for making an
accurate diagnosis. This helps in deduction of treatment
recommendations and to possibility of repeating of errors.
Simplification of image evaluation process will help in successful
identification of health issues. The advancement of nuclear imaging
technology will also be beneficial for up gradation of precision and
standardization in imaging techniques for clinical trials.
Increasing government initiatives for the use of modern technologies
in healthcare and expansion of infrastructure is expected to drive
this market. The introduction of many new manufacturers in this
region will increasing the market size for nuclear imaging equipment.
This market is presently consolidated and there are few manufacturers
who own maximum share of the market.
Nuclear imaging equipment is used in oncology, cardiology, neurology
and others. The oncology applications segment is expected to account
for the largest share of the global market. The increasing occurrence
of tumors is driving the use of this imaging technique and is
projected to register the highest growth rate in the forecast period.
The growing occurrence and incidence of cancer across the globe and
increasing initiatives by public and private organizations to curb
the same in driving the demand for this market. The expansion of
advanced systems and radiotracers for oncology are the factors liable
for the high growth rate of this segment.
On the basis of end user, the nuclear imaging equipment market is
segmented into imaging centers, hospitals, academic, research
organization and other end users. The other uses of nuclear imaging
are found in pharmaceutical, biotechnology companies and contract
research organization (CRO). The rising healthcare expenditure across
the globe in driving the demand in hospital segment and is forecasted
to hold the largest share during the forecast period of 2016-2024.
This segment will also grow at the highest CAGR during the forecast
period.
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This rise in demand can be accredited to features such as the
necessity to improve the effectiveness of diagnostic imaging
processes and rising number of these procedures undertaken in
hospitals. Also, hospitals are expected to provide the most advanced
technology and quality of life care possible. This factor will
increase the adoption of advanced nuclear imaging systems in the
centers.
By region the market has been segmented into: North America, Europe,
Asia-Pacific, Middle East & Africa and Latin America. This market
is expected to witness the highest growth in the Asia-Pacific region.
Increasing occurrence of various life threatening diseases like
cancer, tumors etc. in this region is expected to drive the market
for this region.
The major manufacturers of nuclear imaging equipment in global market
are Digirad Corporation, SurgicEye GmbH, Siemens Healthineers, GE
Healthcare, Philips Healthcare, Toshiba Medical Systems Corporation,
Neusoft Medical Systems Co. Ltd., Mediso Medical Imaging Systems
Ltd., CMR Naviscan Corporation and DDD Diagnostics amongst others.
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