Press release

Global Nuclear Imaging Equipment Market 2019-2023 | Development in Diagnostic Imaging to Boost the Market | Technavio

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New market research study by Technavio on the global
nuclear imaging equipment market
projects the market to
grow at a CAGR of over 6% during the period 2019-2023. This research
report provides an in-depth analysis of the market in terms of revenue,
top drivers and emerging market trends. It also includes detailed
insights and forecasts for all the market segments across different

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Technavio has published a new market research report on the global nuclear imaging equipment market  ...

Technavio has published a new market research report on the global nuclear imaging equipment market from 2019-2023. (Graphic: Business Wire)

Advances in radiotracers

Existing radiotracers and the development of new radiotracers represent
both advances in technology and clinical trends. Molecular radiotracer
imaging holds tremendous potential for brain diagnostics. These advances
in radiotracer imaging make PET/CT or PET/MRI promising imaging
techniques, for the evaluation of neurological diseases. Radiotracer
imaging in veterinary medicine, especially in veterinary oncology, has
also gained popularity over the last few years. This is due to the
improving individualized tumor diagnostics and treatments. Therefore,
advances of radiotracers and their applications in scans will augment
the growth of the global nuclear imaging equipment market during the
forecast period.

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Development in diagnostic imaging

The global diagnostic imaging market, over the last decade, has
witnessed significant technological advances in the field of CT,
including the emergence of automated and low-dose CT scanners. These
devices offer high-quality images with improved spatial resolution and
low radiation exposure to the patients, surgeons, and technicians. The
advanced CT devices have a simplified console, offer easy operability,
and provide affordable installation with minimal space requirements.
These factors will drive the adoption of such products among healthcare
professionals and researchers worldwide. Therefore, this trend of
advancing diagnostic imaging systems is going to drive the global
nuclear imaging equipment market.

According to a senior analyst at Technavio for chemicals research,
“With CVD and cancer being the leading causes of mortality in the world,
cardiovascular imaging systems are experiencing significant growth. The
goal of using cardiovascular PET imaging is for early detection of
diseases, before the progression of the disease. Therefore, the
increasing use of cardiovascular PET imaging will accelerate the growth
of the global nuclear imaging equipment market during the forecast

High cost of nuclear imaging equipments and technologies

Single-photon emission computed tomography (SPECT) and positron emission
tomography (PET) scanning are two types of nuclear imaging systems.
SPECT is widely available, and the cost of a SPECT scanner gamma camera
is around USD 500,000 on an average. Whereas, the cost of a PET/CT
scanner is over USD 1.5 million. The high cost is mainly due to the
significant amount of R&D required for the initial development of
PET/MRI. Therefore, the purchase of PET/MRI equipment is limited owing
to its steep price point. However, the increase in healthcare budgets
has led to increased adoption of such systems in well-funded and
specialized healthcare institutions.

Top players in the global rubber market:

  • Canon Inc.
  • GE Healthcare Inc.
  • Koninklijke Philips NV
  • Mediso Ltd.
  • Neusoft Corp.
  • Siemens Healthcare GmbH

Some of the key topics covered in the global
nuclear imaging equipment market

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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actionable insights to help them identify market opportunities and
design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive
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coverage, extensive research, and actionable market insights to identify
opportunities in existing and potential markets. Technavio helps
companies to assess their competitive position within changing market

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