Nuclear Medicine Equipment Market Projected to Grow USD 2.13 Billion by 2020

In 2015, North America is expected to account for the largest share of the global nuclear medicine equipment market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the nuclear medicine equipment market is expected to witness the highest growth rate in the Asia-Pacific region. The high growth in this region can be attributed to increasing research and development investments, expansion of international players and increasing disease burden and favorable regulatory framework. Over the years, the nuclear medicine equipment market has witnessed various advancements in products and their approvals to meet the needs of patients and the radiologists. These advancements have led to the improved use of many existing nuclear medicine equipment as well as the introduction of some new ones.

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In 2015, the SPECT systems are expected to account for the largest share of nuclear medicine equipment market, by product; in the SPECT segment the hybrid SPECT systems are likely to command the largest share and are expected to grow at a highest CAGR during the forecast period. Cardiology application segment is expected to account for the largest share of the global nuclear medicine equipment market, by application; the hospitals segment is expected to account for the largest share of the global nuclear medicine equipment market, by end user.Increased adoption of nuclear imaging equipment by hospitals around the world is a major factor for the large share hospitals in the global nuclear medicine equipment market. The players in this market have implemented various strategies to expand their global footprint and increase their market share. The key strategies followed by most of the companies in the nuclear medicine equipment include agreements/partnerships/alliances/collaborations; new product launches; expansions and others.

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The players in this market have implemented various strategies to expand their global footprint and increase their market share. The key strategies followed by most of the companies in the nuclear medicine equipment include agreements/partnerships/alliances/collaborations; new product launches; expansions and others. The global nuclear medicine equipment market is witnesses’ high competitive intensity with Siemens Healthcare (Germany), Philips Healthcare (Netherlands),and GE Healthcare (U.K.) being the market leaders. Other players include MedisoMedical Imaging Systems, Ltd. (Hungary), Toshiba Medical Systems Corporation (Japan), DDD-Diagnostics A/S (Denmark), Neusoft Medical Systems Co. Ltd. (China), SurgicEye GmbH (Germany), and CMR Naviscan Corporation (U.S.), among others.

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