PUBLISHER: Allied Market Research | PRODUCT CODE: 1108517
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108517
Nuclear medicine equipment utilizes radioactive substances, which are introduced into the body either intravenously or orally in small quantities, to diagnose and treat various diseases. This equipment provides images by capturing the radiation from these radioactive medicines. This technique is used for the early diagnosis of a disease, as it tracks the molecular activities within the body. In addition, it is used to examine the immediate response to therapeutic interventions
The key factors that drives the growth of the market are an increase in the prevalence of cancer, heart-related diseases, and neurological disorders has increased the importance of early disease diagnosis, which is expected to positively impact the market growth. The growth of the nuclear medicine equipment market is driven by the availability of high-quality equipment, rise in the adoption of nuclear medicine equipment, and the emergence of innovative & advanced equipment. However, high cost of this equipment and their short half-life, high hospital expense, and high cost related to diagnostic imaging services hinder the market growth. In addition, the key players in the industry have adopted product launch as their key developmental strategy to expand their market foothold. For instance, in November 2016, Philips launched an advanced visual analysis and quantification platform called IntelliSpace Portal 9.0., which assisted radiologists to diagnose and monitor the treatment of neurological diseases, such as multiple sclerosis and dementia.
The nuclear medicine equipment market is segmented on the basis of product type , application, end user, and region. Depending on product, the market is bifurcated into single-photon emission computed tomography (SPECT) and positron emission tomography (PET). SPECT segment is fragmented into standalone and hybrid SPECT, while PET into standalone and hybrid PET. By application, the market is categorized into cardiology, neurology, oncology, and others. By end user, it is classified into hospitals, imaging centers, and academic & research institutes. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, Republic of South Africa, Argentina, and rest of LAMEA).
The key players in the global nuclear medicine equipment market include General Electric Company, Koninklijke Philips N.V., Siemens Aktiengesellschaft, Digirad Corporation, Mediso Medical Imaging Systems, Ltd., Toshiba Corporation, Bozlu Holding, Neusoft Corporation, Compania Mexicana de Radiologia CGR, S.A de C.V., and SurgicEye GmbH.
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