Global Nuclear Imaging Equipment Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (SPECT, Hybrid PET and Planar Scintigraphy).
According to a new market research report “Global Nuclear Imaging Equipment Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (SPECT, Hybrid PET and Planar Scintigraphy), by Application (Oncology, Cardiology, Neurology and Others), by End user (Hospitals, Diagnostic Centers, Research Institute and Others)” published by P&S Market Research, the global nuclear imaging equipment market is expected to grow at a CAGR of 4.8%, during 2017 - 2023.
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According to the study, the global nuclear imaging equipment market is likely to grow significantly during the forecast period, due to rising prevalence of cancer and cardiovascular diseases, increasing geriatric population and increasing prevalence of neurological disorders. In addition, rising healthcare expenditure and launch of technologically advanced products contribute to the growth of the overall market.
High cost of imaging techniques is the key factor restraining the global market growth.
Geographically, North America has been the largest market for nuclear imaging equipment, with the U.S. being the largest contributor to the regional market.
Increasing prevalence of cancer and cardiovascular diseases and presence of technological advanced products has been driving the growth of the North American market for nuclear imaging equipment. In Europe, Germany has been the largest contributor to the market for nuclear imaging equipment, followed by France and the U.K.
The market is expected to witness the fastest growth in Asia-Pacific, during 2017 - 2023, owing to increasing cases of cancer, cardiovascular diseases, neurological disorders and increasing geriatric population. Some of the key players in the global nuclear imaging equipment market include Siemens AG, GE Healthcare, Philips Healthcare, Digirad Corporation and Neusoft Medical Systems Co., Ltd., Cannon Inc., DDD Diagnostics, CMR Naviscan Corporation, SurgicEye GmbH and Mediso Medical Imaging Systems Ltd.
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