Nuclear Imaging Device Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

Nuclear Imaging Device Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global nuclear imaging device market provides qualitative and quantitative analysis for the period from 2021-2030. The global nuclear imaging device market was valued at USD 2.75 billion in 2022 and is expected treach USD 4.56 billion in 2030, with a CAGR of 5.71% during the forecast period 2023-2030. The study on nuclear imaging device market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The demand for nuclear imaging devices is driven by the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions, requiring early detection and effective management. Advancements in imaging technologies have improved diagnostic capabilities, appealing thealthcare providers and patients. The growing aging population alsfuels the demand for age-related health conditions diagnosis and monitoring. Screening programs and awareness contribute tdevice demand. Additionally, personalized medicine and research efforts in radiotracers, hybrid systems, and AI image analysis drive market growth. Factors such as healthcare expenditure, government support, and medical tourism contribute tthe demand. The COVID-19 pandemic emphasizes the importance of accurate medical imaging, further propelling device adoption.

The global nuclear imaging device market is bifurcated by product type, by application, and end user. By product type, the segment is further bifurcated int(Positron Emission Computed Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Planar Scintigraphy, and Hybrid Systems is further segmented intSPECT/CT and PET/CT. The Positron Emission Computed Tomography (PET) segment is expected tcontinue its dominant position in the nuclear imaging device market in 2023. The extensive adoption of PET imaging arises from its unique capability tunveil crucial insights intmetabolic processes that are vital for efficient cancer management. This pivotal capability, which customizes treatments for positive outcomes, holds particular importance in oncology due tPET's sensitive diagnostic, staging, and treatment monitoring abilities. As global cancer rates rise, the demand for precise diagnostics increases, making PET's accuracy in identifying metabolic activity priceless for early detection and precise treatment tracking.

Additionally, with healthcare embracing personalized medicine, PET's capacity tprovide tailored insights intmetabolic activity gains prominence. This resonates with personalized treatment strategies, further highlighting PET's crucial role in modern healthcare. In essence, the demand for PET imaging devices arises from their potential treshape cancer management by offering comprehensive insights and personalized care.

The global nuclear imaging device market is segmented intAsia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is dominating the global market share. A robust healthcare infrastructure characterized by cutting-edge medical establishments and research hubs is possessed by North America. The acceptance and application of nuclear imaging technologies are significantly fostered by this framework. As per the International Trade Centre (ITC), North America held the position of the primary exporter and importer of medical devices in 2022. Moreover, active engagement in research and innovation is stood out in North America. Substantial resources toward advancing nuclear imaging methods are allocated by prominent medical research institutions, pharmaceutical enterprises, and healthcare entities in the region. This commitment plays a pivotal role in propelling the market expansion and driving pioneering developments.

Report Findings

1) Drivers

The rising prevalence of cancer, cardiovascular diseases, and neurological disorders fuels the demand for nuclear imaging devices. These devices play a crucial role in early diagnosis and effective treatment planning.

Rising healthcare expenditure across the globe is driving the market growth.

2) Restraints

The initial cost of acquiring and maintaining nuclear imaging devices can be prohibitive for some healthcare facilities, limiting their adoption, especially in resource-constrained regions.

3) Opportunities

Integration of ai algorithms in nuclear imaging devices can enhance image analysis, improve diagnostic accuracy, and streamline workflows.

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global nuclear imaging device market is segmented on the basis of by product type, application, and end user.

The Global Nuclear Imaging Device Market by Product Type

Positron Emission Computed Tomography (PET)

Single Photon Emission Computed Tomography (SPECT)

Planar Scintigraphy

Hybrid Systems

SPECT/CT

PET/CT

The Global Nuclear Imaging Device Market by Application

Oncology

Cardiology

Neurology

Orthopedics

Others

The Global Nuclear Imaging Device Market by End User

Hospitals

Diagnostic Imaging Centers

Research Institutes

Others

Company Profiles

The companies covered in the report include

Siemens Healthcare GmbH

GE HealthCare

Koninklijke Philips N.V.

CANON MEDICAL SYSTEMS CORPORATION

MedisLtd.

DIGIRAD HEALTH, INC.

SurgicEye GmbH

Spectrum Dynamics Medical

DDD-Diagnostic A/S

CMR Naviscan

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the nuclear imaging device market.

2. Complete coverage of all the segments in the nuclear imaging device market tanalyze the trends, developments in the global market and forecast of market size up t2030.

3. Comprehensive analysis of the companies operating in the global nuclear imaging device market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus tinvest, consolidate, expand and/or diversify.