Nuclear Imaging Equipment Market Will Reach USD 4,463.7 Million by 2030

The nuclear imaging equipment market will reach USD 4,463.7 million by 2030. This growth can be attributed to various factors such as the increasing number of elderly individuals, rising costs of healthcare, and the growing need for imaging procedures.

Nuclear imaging utilizes radiotracers, which bind to tumor cells, enabling the detection of cancerous tissues. By measuring the radioactive decay from these tracers, nuclear imaging provides real-time information on their concentration and location. This improves clinical research, medical diagnoses, treatment planning, and disease prevention.

The growth of nuclear imaging equipment has been greatly influenced by technological advancements. One notable advancement is the development of hybrid modalities like PET/CT and SPECT/CT systems. These systems have become increasingly popular because they can generate detailed and accurate images by combining information about the structure and function of organs and tissues.

This allows healthcare professionals to have a more comprehensive understanding of a patient's condition, leading to improved diagnostic accuracy. As a result, there has been a shift in preference from the use of standalone devices to these advanced hybrid systems for nuclear imaging.

The introduction of PET/MRI has brought about noteworthy benefits, as compared to PET/CT. One of the key advantages is improved soft tissue contrast, which allows for better visualization of different types of body tissues.

Moreover, PET/MRI enables the simultaneous co-registration of magnetic resonance images, which is valuable for treatment planning, dosage calculation, and evaluating the effectiveness of therapy.

Hospitals are the main users of nuclear imaging equipment, and held approximately 60% share in the past. This dominance can be attributed to several factors, including the high occurrence of chronic diseases, growing knowledge of the public about the benefits of nuclear therapy, and the increasing adoption of hybrid imaging technologies.

The nuclear imaging equipment market in this category will grow considerably at a rate of 7%. This growth is fueled by factors the increased investments in research and development.

North America has the largest share in the market. The reason behind this, being advanced healthcare infrastructure, technological advancements, high expenditure, and research and development efforts.

With data-integrated imaging systems, it is possible to process and reconstruct images, recognize medical issues with the help of a computer, generate 3D images of the anatomy of the human body, and employ quality control measures.

Doctors can compare scans to track the course of the ailment, with the integration of data. Clinicians want easy access to comprehensive diagnostic history of patients, in order to formulate a treatment plan, that is effective as well as affordable.

With increasing aging population, the demand for nuclear imaging equipment will continue to grow in the years to come all over the world.

SOURCE: P&S Intelligence