Nuclear Medicine Equipment Market Set to Be Worth of 2.13 Billion USD by 2020

Pune, Maharashtra, February 16, 2016 (Newswire.com) - Browse 83 tables and 42 figures spread through 161 Pages and in-depth TOC on "Nuclear Medicine Equipment Market"
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Nuclear medicine equipment makes use of radioactive substances (also called as nuclear medicine or radiopharmaceuticals) that are inserted into the body orally or intravenously. These systems capture the radiations emitted by radiopharmaceuticals to create images of the structures and activities inside the human body. These images enable physicians to look inside a human body to help determine the cause of an illness or injury and provide an accurate diagnosis. The nuclear medicine equipment market is expected to grow at a single-digit CAGR in the next five years.

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The nuclear medicine equipment market is segmented on the basis of product, application, and end user. The nuclear medicine equipment market by product is segmented into hybrid PET, SPECT, and planar scintigraphy systems. The SPECT product segment is further divided into hybrid SPECT and standalone SPECT. On the basis of application, the market is segmented into oncology, cardiology, neurology and other applications which includes orthopedics, urology, thyroid related disorders, and gastroenterology. Based on the end users the nuclear medicine equipment market is divided into hospitals, imaging centers, academic and research institutes and others which include pharma/biotech companies and CROs.

Rising prevalence/incidence of cancer, cardiac disorders, and neurological disorders; growing awareness about the importance of early diagnosis of diseases; launch of advanced nuclear medicine equipment in the market; and rising adoption of nuclear medicine equipment by end users are major factors driving this market. However, high cost of nuclear medicine equipment and shorter half-life of radiopharmaceuticals are expected to restrain the growth of the market. In addition, growing adoption of refurbished diagnostic imaging systems and hospital budget cuts acts as a challenge for the nuclear medicine equipment market. On the other hand, strong product pipeline coupled with expansion & penetration opportunities in emerging economies are expected to be lucrative opportunities for the market.

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Philips Healthcare (Netherlands), GE Healthcare (U.K.), Siemens Healthcare (Germany), Digirad Corporation (U.S.), Mediso Medical Imaging Systems,  Ltd. (Hungary), Toshiba Medical Systems Corporation (Japan), DDD-Diagnostics A/S (Denmark), Neusoft Medical Systems Co. Ltd. (China), and SurgicEye GmbH (Germany),  CMR Naviscan Corporation (U.S.).

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