The Global Nuclear Imaging Equipment Market to Reach $2.5 billion by 2016
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Nuclear Imaging Equipment - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
The Global Nuclear Imaging Equipment Market to Reach $2.5 billion by 2016 The global market for nuclear imaging equipment is forecast to grow at a Compound Annual Growth Rate (CAGR) of 6% over the period 2009–2016 to reach $2.5 billion. Fusion technologies will be the prime factors driving this market due to their enhancement in the quality of images that can improve diagnosis. Oncology and cardiac applications will be the main drivers for the market. Emerging economies such as India and China will not only provide robust opportunities for the combined nuclear imaging modalities but also for the standalone systems to prolong their product lifecycle. This is driven by factors such as current low healthcare expenditure as a percentage of GDP. PET/CT imaging system is forecast to lead the market on a long term perspective due to its technological advantage over other imaging systems. SPECT/CT imaging system will primarily be driven by cost effectiveness and cardiac applications due to its organ specific diagnostic capability. The market for standalone equipment is estimated to decline in the developed economies due to factors such as awareness among patients and hospitals to use better diagnostic technologies and the saturation of standalone equipments. US to Continue to be the Biggest Nuclear Imaging Equipment Market The US was the biggest market for nuclear imaging equipment in 2009 contributing 24% towards the overall market and this contribution is forecast to
increase to 28% by 2016. The overall market in the US is forecast to grow at a CAGR of 8% to reach $689.4m by 2016. Market growth is driven by recent healthcare reforms that cover nearly 37 million people who were previously uninsured. The Affordable Care Act, introduced as part of these healthcare reforms, is expected to help patients to gain better access to preventive services not only by expanding the insurance coverage but also by reducing the cost of preventive medicine. Also healthcare expenditure as a percentage of GDP is high in the US, which provide significant growth opportunities. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Nuclear-Imaging-Equipment-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Combined Modality to be the Key Revenue Generator for Nuclear Imaging Equipment Market in the Future The market for combined modalities PET/CT and SPECT/CT was valued at $1.15 billion in 2009 which is 70% of the total nuclear imaging equipment market. The market valuation is forecast to reach $1.9 billion by 2016 which accounts for 77% of the total nuclear imaging equipment market.
Cost effectiveness and organ specific diagnostic capabilities are expected to be the main drivers for SPECT/CT. Technological advantages such as better accuracy of the images, greater patient comfort, less acquisition time, availability of radioisotopes and minimal radiation exposures are expected to be the main drivers for PET/CT. GE Healthcare, Philips Healthcare and Siemens Healthcare Dominate the Global Nuclear Imaging Equipment Market The global nuclear imaging market is dominated by GE Healthcare (33%), Philips Healthcare (27%) and Siemens Healthcare (25%). These companies offer a wide range of products along with a high quality service to hospitals and clinics. They provide innovative product lines and have developed the reputation of pioneers in developing and applying new technologies in the diagnostic imaging market. With a strong base in the US and other developed nations, companies are now increasingly focusing on emerging nations due to their huge potential and increasing patient base. GlobalData’s new report, “Nuclear Imaging Equipment - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global nuclear imaging equipment market. The report provides market landscape, competitive landscape and market trends information on the nuclear imaging equipment market. The report provides
comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Nuclear-Imaging-Equipment-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Visit our report store: http://www.globaldata.com For more details contact: email@example.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782