(MoneyNewsWire.Net, January 11, 2018 ) According to the report Nuclear Imaging Market, published by Market Data Forecast, the Global market is projected to reach USD 15.34 billion by 2022, at a CAGR of 8.87% from 2017 to 2022.
Nuclear imaging technology is usually used in cardiovascular and oncology applications. This technique assists the doctors to propose the accurate alignment of radiation beams for treating the diseases without any flaws. For example, positron emission tomography (PET) imaging helps doctors to identify chemical and physiologic differences in the required tissues.
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Nuclear Imaging Market: Drivers & Restraints
The growth of the Global Nuclear Imaging Market is majorly attributed to factors like the increasing usage of SPECT and PET examinations in radiopharmaceuticals, growth of cognizance in order to deliver instant diagnosis, rising prevalence of cardiac disorders, and developing healthcare facilities. But, factors like expensive procedures & instruments, insufficient supplies, and logistical problems are hampering the growth of this market.
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Nuclear Imaging Market: Segmentation
By Diagnostic Technologies
• PET Radioisotopes
• SPECT Radioisotopes
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Nuclear Imaging Market: Overview
As of 2017, the global Nuclear Imaging market was valued at USD 10.03 billion and is projected to show a substantial growth in the forecasting period. PET is majorly being used in oncology owing to high quality of imaging; while SPECT is mainly used in the cardiology section and holds almost 80% of the total cardiology market share
The Global Nuclear Imaging market was dominated by North America, especially the U.S.A, as of 2017, due to increased importance given to research work. However, the Asia Pacific is expected to register highest growth rate in future years.
Nuclear Imaging Market: Key Players
The Nuclear Imaging market is highly competitive with a large number of players. Some of the major Companies are General Electric Co. (Healthcare Division), IBA Group, Siemens Medical Solutions, Hitachi Medical Corporation, Medtronic Inc., Lantheus Medical Imaging Inc., Cardinal Health Inc., Mallinckrodt plc, Philips Medical Systems, Naviscan, Toshiba Medical Systems Corporation.
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