2011 saw the value of the global nuclear medicine imaging devices market reach $1.5 billion and by 2022 this value is estimated to hit $4.5 billion. Growth in the market will be driven by new technology and the varied uses of this technology.
Despite experiencing a decline in sales volume and reduced demand in the aftermath of the global economic recession, the nuclear medicine imaging devices market recovered well, and has seen strong growth in recent years.
Much of this growth is linked to the rising incidence of a number of diseases worldwide; most notably in cardiac and neurological systems. This has fuelled a strong demand for technically advanced medical and diagnostic imaging devices, capable of providing accurate and detailed diagnoses, which can allow earlier, and potentially life-saving, medical intervention.
Market growth has also been linked to the introduction of hybrid units, such as positron emission tomography/computed tomography (PET/CT) scans, where both anatomical and functional images can be captured. For example, the combination of Positron Emission Tomography (PET) with other imaging modalities, such as MRI (Magnetic Resonance Imaging) has allowed for the imaging of cartilage damage, previously thought to be unreliable.
Developed nuclear medicine imaging devices markets such as the US and UK are highly saturated and the focus is likely to be towards upgrading stand-alone PET and SPECT systems with fully integrated hybrid units, that offer a high level of anatomical and functional detail.
Developing markets in countries such as China and India will offer more opportunity, due a lack of nuclear medicine facilities and technologies, and increased healthcare spending. It has been estimated that healthcare investment in these countries is expected to double in the next seven years.
For more information on the nuclear medicine imaging devices market, see the latest research: Nuclear Medicine Imaging Devices Market Report
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.