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Nuclear Imaging Equipment
Nuclear Imaging Equipment
The Global Nuclear Imaging Equipment Market to Reach $2.5 billion by 2016
Hyderabad,
AP,
India
(prbd.net)
11/01/2011
The global market for nuclear imaging equipment is forecast to grow at a Compound Annual Growth Rate (CAGR) of 6% over the period 2009–2016 to reach $2.5 billion. Fusion technologies will be the prime factors driving this market due to their enhancement in the quality of images that can improve diagnosis.Oncology and cardiac applications will be the main drivers for the market. Emerging economies such as
India and China will not only provide robust opportunities for the combined nuclear imaging modalities but also for the standalone systems to prolong their product lifecycle. This is driven by factors such as current low healthcare expenditure as a percentage of GDP. PET/CT imaging system is forecast to lead the market on a long term perspective due to its technological advantage over other imaging systems.SPECT/CT imaging system will primarily be driven by cost effectiveness and cardiac applications due to
its organ specific diagnostic capability. The market for standalone equipment is estimated to decline in the developed economies due to factors such as awareness among patients and hospitals to use better diagnostic technologies and the saturation of standalone equipments.
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The US was the biggest market for nuclear imaging equipment in 2009 contributing 24% towards the overall market and this contribution is forecast to increase to 28% by 2016. The overall market in the US is forecast to grow at a CAGR of 8% to reach $689.4m by 2016. Market growth is driven by recent healthcare reforms that cover nearly 37 million people who were previously uninsured. The Affordable Care Act, introduced as part of these healthcare reforms, is expected to help patients to gain better access to preventive services not only by expanding the insurance coverage but also by reducing the cost of preventive medicine. Also healthcare expenditure as a percentage of GDP is high in the US, which provide significant growth opportunities.
The market for combined modalities PET/CT and SPECT/CT was valued at $1.15 billion in 2009 which is 70% of the total nuclear imaging equipment market. The market valuation is forecast to reach $1.9 billion by 2016 which accounts for 77% of the total nuclear imaging equipment market.
GlobalData’s new report, “Nuclear Imaging Equipment - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global nuclear imaging equipment market. The report provides market landscape, competitive landscape and market trends information on the nuclear imaging equipment market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics.
The report also reviews the competitive landscape and technology offerings.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts
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