Pune, India -- (SBWire) -- 03/16/2020 --Global nuclear imaging devices market is registering a substantial CAGR of 5.55% in the forecast period of 2019-2026. This rise in the market can be attributed to the shift from separate service to variant modality and increased focus on personalized medicine.
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Few of the major market competitors currently working in the global nuclear imaging devices market are Siemens, GENERAL ELECTRIC COMPANY, Digirad Corporation., Neusoft Corporation, CANON MEDICAL SYSTEMS CORPORATION, SurgicEye GmbH, Mediso Ltd., CMR Naviscan., DDD-Diagnostic A/S, Absolute Imaging Solutions., Bartec Technologies Ltd., BCL X-Ray Canada Inc., Southwestern Imaging Systems and Services, CAPINTEC, INC., LANDAUER, Ashby Gorman Baker Ltd, Lucerno Dynamics, LLC., BERTHOLD TECHNOLOGIES GmbH & Co. KG, Incom, Inc. and others.
Market Definition:
Nuclear imaging devices are the medical imaging instruments that use radioactive materials to diagnose the seriousness of illnesses such as cancer, cardiovascular disease, gastrointestinal, endocrine, neurological illnesses and other defects inside the brain. These non-invasive instruments provide operational data at molecular and cellular stage that allows physicians to diagnose and assess medical conditions.
Market Drivers
Shift from separate service to variant modality is driving the growth of the market
Raised focus on personalized medicine is propelling the growth of the market
Investors through public-private partnerships to reinvigorate diagnostic imaging is boosting the growth of the market
Enhanced occurrence and incidence of cancer and heart disease is contributing to the growth of the market
Market Restraints
The shorter half-life for radiopharmaceuticals is hampering the growth of the market
Worldwide flaw of Tc-99 m is hindering the growth of the market
High price of nuclear imagery devices is restricting the growth of the market
Segmentation:
By Product
Single Photon-Emission Computed Tomography (SPECT)
- Hybrid SPECT Systems
- Standalone SPECT Systems
Hybrid Pet
Planar Scintigraphy
By Application
Oncology
Cardiology
Neurology
Other Applications
By End User
Hospitals
Imaging Centers
Academic & Research Centers
Other End Users
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Market:
In June 2019, The Government of New South Wales (NSW) revealed that it would spend AU$12.5 million to help expand the Innovation Precinct at the Lucas Heights University of the Australian Nuclear Science and Technology Organization (ANSTO). These expansion proposals included a turning-edge cluster of nuclear medicine; atomic medicine is largely concerned with the use of radioactive materials in the studies, diagnosis, and therapy of illnesses. The primary goal of the financing is to promote the inclusion of nuclear methods with other therapy methods for more tailored procedures.
In April 2019, Mount Sinai Health System has initiated a clinical trial of the latest diagnostic tool to identify head and neck cancer throughout operation called Otis Wide-Field OCT. This product is an extraordinarily high-resolution imaging system which can be used to visualize tumor samples in real-time, during the surgeries for allowing the surgeons to remove all the cancerous tissue after a single process, instead of expecting that conventional diagnosis results will happen afterward, often contributing to additional procedures.
Competitive Analysis:
Global nuclear imaging devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nuclear imaging devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global nuclear imaging devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Table of Content:
Study Coverage
Executive Summary
Market Size by Manufacturers
Production by Regions
Consumption by Regions
Market Size by Type
Market Size by Application
Manufacturers Profiles
Production Forecasts
Consumption Forecast
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
Key Findings
Appendix
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Nuclear Imaging Devices Market 2019-2026 Future Outlook :: Key Players Digirad Corporation., Neusoft Corporation, SurgicEye GmbH, SurgicEye GmbH, Mediso Ltd
Global Nuclear Imaging Devices Market report provides top to bottom assessment of the market with respect to income and developing business sector. This industry analysis report encompasses several market dynamics while also evaluating the growth rate and the market value based on market dynamics and growth inducing factors. The report is mainly explored under four major areas which are market definition, market segmentation, competitive analysis and research methodology. Nuclear Imaging Devices Market report also covers strategic profiling of the major players in the market, comprehensive analysis of their fundamental competencies, and thereby keeping competitive landscape of the market in front of the client.