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    Nuclear Medicine Imaging Equipment Market Report

    Nuclear Medicine Imaging Equipment Market Report
    Report code - SR1432 Delivery - 2 Weeks
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    Nuclear Medicine Imaging Equipment Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Nuclear Medicine Imaging Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Nuclear Medicine Imaging Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Nuclear Medicine Imaging Equipment Market is projected to grow from USD 2.8 billion in 2020 to USD 3.7 billion by 2026 at a CAGR of around 4.9% during the forecast period.

    Figure: Nuclear Medicine Imaging Equipment Market Size, 2020-2026 (USD Billion)

    Nuclear-Medicine-Imaging-Equipment-Market-Forecast

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    What is nuclear imaging?

    Nuclear imaging can be defined as an emerging imaging technology that utilizes a small quantity of radioactive substance associated with compounds used by the compounds of the body which link to tumor cells. The radioactive tracer can be placed in the body to detect, where and when they concentrate. Based on type, nuclear medicine imaging equipment can be categorized as SPECT systems, hybrid PET systems, and planar scintigraphy.

    Key Players

    Key players operating in the Nuclear Medicine Imaging Equipment market are-

    • Digirad Corp. (US)
    • GE Healthcare Plc (UK)
    • Mediso Medical Imaging Systems (Hungary)
    • Philips Healthcare (US)
    • Positron Corporation (US)
    • Siemens Healthineers (Germany)
    • DDD-Diagnostic A/S (Denmark)
    • CMR Naviscan Corporation (US)
    • Surgiceye GmbH (Germany)
    • Canon Medical Systems Corporation (Japan)
    • Neusoft Medical Systems Co., Ltd. (China).

    Market Dynamics

    The growth of the nuclear medicine imaging equipment market is primarily driven by rising incidences of cancer and cardiovascular diseases across geographies. Growing usage of nuclear medicine to diagnose diseases including thyroid-related diseases, respiratory diseases, bone diseases, and neurological diseases is likely to drive the market growth at a significant rate during the review period. In addition to this, surging demand for advanced diagnostic tools is likely to create lucrative opportunities for the players operating in the global nuclear medicine imaging equipment market in the coming years.

    Segments' Analysis

    Application Trends

    By application, the nuclear medicine imaging equipment market has been bifurcated into oncology, cardiology, and others. The cardiology segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment can be attributed to increasing product use in evaluating coronary heart disease (CHD) and cardiomyopathy.

    Regional Trends

    By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the growing emphasis on the adoption of advanced diagnostic tools in the healthcare industry coupled with the presence of key market players such as Digirad Corp. (US) and Philips Healthcare (US). The market growth in Asia-Pacific is expected to be driven by an increasing number of people suffering from cancer and heart-related diseases in developing countries particularly China and India.

    COVID-19 Impact on Nuclear Medicine Imaging Equipment Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the nuclear medicine imaging equipment market negatively as the diagnostic procedures declined and PET/CT scans decreased or canceled due to fear of coronavirus infection. Also, supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth. 

    Critical Questions Answered in the Report

    • What are the key trends in the Nuclear Medicine Imaging Equipment market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Nuclear Medicine Imaging Equipment market?
    • What are the key strategies adopted by the major vendors to lead in the Nuclear Medicine Imaging Equipment market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the nuclear medicine imaging equipment market hopes to have the greatest opportunity to convert-

    • Nuclear medicine imaging equipment distributors
    • Nuclear medicine imaging equipment suppliers
    • Nuclear medicine imaging equipment manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The nuclear medicine imaging equipment market is expected to witness an impressive growth of 4.9% CAGR in the coming years.

    Digirad Corp. (US), GE Healthcare Plc (UK), Mediso Medical Imaging Systems (Hungary), Philips Healthcare (US), Positron Corporation (US), Siemens Healthineers (Germany), DDD-Diagnostic A/S (Denmark), CMR Naviscan Corporation (US), Surgiceye GmbH (Germany), Canon Medical Systems Corporation (Japan) and Neusoft Medical Systems Co., Ltd. (China) are among the key players in the nuclear medicine imaging equipment market.

    The nuclear medicine imaging equipment market size is expected to reach USD 3.7 billion in the foreseeable future.

    The cardiology segment is expected to register significant growth in the nuclear medicine imaging equipment market in the coming years.

    North America accounted for the largest share in the nuclear medicine imaging equipment market in 2020.

    Nuclear medicine imaging equipment distributors, Nuclear medicine imaging equipment suppliers, Nuclear medicine imaging equipment manufacturers, Logistics organizations, Government bodies are the target audience in the nuclear medicine imaging equipment market.

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