Global Nuclear Imaging Equipment Market

Nuclear Imaging Equipment Market Size, Share, Growth Analysis, By Product (Single-Photon Emission Computed Tomography (SPECT) Imaging Systems, Hybrid PET Imaging Systems), By Application (Oncology, Cardiology), By End User (Hospitals, Imaging Centers), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35A2959 | Region: Global | Published Date: November, 2024
Pages: 189 | Tables: 64 | Figures: 70

Nuclear Imaging Equipment Market Insights

Nuclear Imaging Equipment Market size was valued at USD 3.25 Billion in 2023 and is poised to grow from USD 3.49 Billion in 2024 to USD 6.18 Billion by 2032, growing at a CAGR of 7.41% during the forecast period (2025-2032).

As the name suggests, nuclear imaging equipment are the crucial devices that visualize and diagnose different medical diseases with the help of radioactive materials. Several innovations and developments are taking place including hybrid imaging systems like PET/MRI, and PET/CT, which improve functionality and accuracy of diagnostics. The rising cases of chronic illnesses, the growing healthcare expenditure, and improvements in radiopharmaceuticals notably drive the market. Nonetheless, a few challenges observed in the market include regulatory barriers and high costs associated with radioactive materials. Despite this, the market will witness significant growth over the coming years owing to opportunities like simplified approvals for novel developments and the growing emphasis on patient experience.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Nuclear Imaging Equipment Market size was valued at USD 3.02 billion in 2022 and is poised to grow from USD 3.25 billion in 2023 to USD 5.75 billion by 2031, growing at a CAGR of 7.41% during the forecast period (2024-2031).

The global nuclear imaging equipment market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment. 'Siemens AG ', 'General Electric ', 'Koninklijke Philips N.V. ', 'TTG Imaging Solutions ', 'Neusoft Corporation ', 'Canon Inc. ', 'Surgiceye GmbH ', 'Bozlu Holding ', 'CMR Naviscan Corporation ', 'Mediso Ltd. ', 'Shimadzu Corporation ', 'Revvity Inc ', 'Rigaku ', 'MR Solutions Ltd.    ', 'Agfa-Gevaert N.V ', 'Medtronic plc ', 'Bracco Group ', 'Cubresa Inc. ', 'Jubilant Radiopharma ', 'South African Nuclear Energy Corporation (Necsa)'

The emergence of hybrid systems, such as PET/MRI and PET/CT blends the powers of diverse imaging modalities, offering higher precision and exhaustive diagnostic details. The awareness and growing significance of these imaging systems is propelling market growth. Also, improvements in radiopharmaceuticals enhance accuracy of imaging and widen the number of conditions with nuclear imaging, impacting the market growth.

Progress in Radiopharmaceuticals: Modernizations in radiopharmaceuticals are widening the number of diseases that can be effectively diagnosed with advanced nuclear imaging. Novel tracers and currently being improved for certain cancer types, cardiovascular disease, and neurological disorders. Also, the combination of targeted therapy with diagnostic imaging known as theragnostic is gaining popularity. It specializes in treating oncological diseases.

Region-wise, North America is the dominating region among others and is expected to lead over the forecast period owing to its state-of-art technologies and the growing cases of chronic illnesses. The region has high-tech healthcare infrastructure with several improved diagnostic services and healthcare settings equipped with modern nuclear imaging tools. Moreover, the region tops in the implementation of the latest technologies and upgrades like superior nuclear imaging, impacted by constant research and innovations. The region also holds a larger number of nuclear imaging suppliers and manufacturers, supporting the market growth. The key players operating in the region include GE HealthCare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems USA, Lantheus Medical Imaging, and more.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Nuclear Imaging Equipment Market

Report ID: SQMIG35A2959

$5,300
BUY NOW GET FREE SAMPLE