Global Nuclear Imaging Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Technology;
Positron Emission Tomography (PET) and Single Photon-Emission Computed Tomography (SPECT) - Hybrid SPECT Systems, and Standalone SPECT Systems, Planar Scintigraphy.By Application;
Oncology, Cardiology, Neurology, and Others.By End User;
Hospitals, Diagnostic Imaging Centers, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Nuclear Imaging Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global Nuclear Imaging Devices Market was valued at USD 2,142.01 million. The size of this market is expected to increase to USD 3,054.43 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
Nuclear imaging devices have revolutionized the field of medical diagnostics, offering insights into the inner workings of the human body with remarkable precision. This technology utilizes radioactive tracers to visualize organs and tissues, aiding in the detection and monitoring of various medical conditions such as cancer, cardiovascular diseases, and neurological disorders. The global nuclear imaging devices market has witnessed substantial growth in recent years, driven by advancements in imaging technology, rising prevalence of chronic diseases, and increasing awareness about early disease detection.
One of the key drivers propelling the market forward is the growing demand for non-invasive diagnostic procedures. Nuclear imaging techniques such as positron emission tomography (PET) and single-photon emission computed tomography (SPECT) provide valuable diagnostic information without the need for invasive surgeries, reducing patient discomfort and recovery times. Moreover, these imaging modalities offer functional insights into biological processes, complementing traditional anatomical imaging techniques like X-rays and MRIs.
Another significant factor contributing to market expansion is the increasing investment in healthcare infrastructure and research and development activities. Governments and healthcare organizations worldwide are allocating substantial funds to upgrade medical facilities and develop advanced imaging technologies. Additionally, collaborations between academic institutions, research organizations, and industry players are fostering innovation in nuclear imaging, leading to the development of novel tracers and imaging agents.
Global Nuclear Imaging Devices Market Recent Developments
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October 2022: United Imaging Healthcare announced the launch of total-body PET/CT, uEXPLORER, with a 194 cm axial PET field of view (FOV) that allows the complete body to be scanned in a one-bed position. The ultra-high-resolution digital PET/CT system provides total-body dynamic scanning, allowing ultra-low patient dose, and delivering ultra-high picture resolution, thereby revolutionizing whole-body PET/CT imaging.
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October 2022: GE Healthcare introduced the Omni Legend positron emission tomography/ computed tomography (PET/CT) platform at the 35th Annual Congress of the European Association of Nuclear Medicine (EANM) in Barcelona, Spain.
Segment Analysis
This report extensively covers different segments of Global Nuclear Imaging Devices Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The global nuclear imaging devices market is poised for significant growth between 2024 and 2030, driven by advancements in technology and increasing applications across various medical fields. Segmented by technology, the market is categorized into Positron Emission Tomography (PET) and Single Photon-Emission Computed Tomography (SPECT), including hybrid SPECT systems and standalone SPECT systems, as well as planar scintigraphy. PET and SPECT technologies are anticipated to witness substantial adoption owing to their accuracy and efficiency in diagnosing diseases.
The application segment of the market encompasses oncology, cardiology, neurology, and other medical fields. With the rising prevalence of cancer and cardiovascular diseases globally, the oncology and cardiology segments are expected to dominate the market share. Moreover, the increasing focus on early disease detection and precise diagnosis is propelling the demand for nuclear imaging devices in neurology and other medical specialties.
In terms of end users, hospitals, diagnostic imaging centers, and other healthcare facilities are key contributors to the market growth. The accessibility of nuclear imaging devices in these settings enhances patient care and facilitates timely diagnosis and treatment planning. Geographically, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America are the primary regions covered in the report. North America is projected to hold a significant share of the market, followed by Europe, attributed to the presence of well-established healthcare infrastructure and ongoing technological advancements.
Global Nuclear Imaging Devices Segment Analysis
In this report, the Global Nuclear Imaging Devices Market has been segmented by Technology, Application, End User and Geography.
Global Nuclear Imaging Devices Market, Segmentation by Technology
The Global Nuclear Imaging Devices Market has been segmented by Technology into Positron Emission Tomography (PET), Single Photon-Emission Computed Tomography (SPECT), and Planar Scintigraphy.
The Global Nuclear Imaging Devices Market has witnessed significant growth in recent years, primarily due to the rising prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions. One of the key factors driving market expansion is the increasing adoption of nuclear imaging techniques for early disease diagnosis and effective treatment planning. Among the various applications, oncology holds a prominent share in the market. Nuclear imaging devices play a crucial role in cancer diagnosis, staging, and monitoring treatment response, thereby contributing to improved patient outcomes.
Cardiology is another significant application segment in the global nuclear imaging devices market. With the growing burden of cardiovascular diseases worldwide, there's a heightened demand for non-invasive diagnostic tools like nuclear imaging to assess cardiac function, myocardial perfusion, and identify coronary artery disease. Moreover, advancements in imaging technology have led to the development of innovative cardiac imaging modalities, further propelling market growth.
The field of neurology represents another important application area for nuclear imaging devices. These devices are extensively used in the diagnosis and management of various neurological disorders, including Alzheimer's disease, Parkinson's disease, and epilepsy. Nuclear imaging techniques offer valuable insights into brain function, blood flow, and metabolism, aiding clinicians in accurate diagnosis and treatment planning for neurodegenerative conditions.
Global Nuclear Imaging Devices Market, Segmentation by Application
The Global Nuclear Imaging Devices Market has been segmented by Application into Oncology, Cardiology, Neurology, and Others.
The Global Nuclear Imaging Devices Market, characterized by its segmentation across various applications, reflects the growing significance of nuclear imaging technologies in medical diagnostics. Among these applications, oncology stands out as a primary domain, leveraging nuclear imaging for cancer detection, staging, and treatment monitoring. The precision and sensitivity of nuclear imaging techniques offer invaluable insights into tumor characteristics and response to therapy, enhancing patient outcomes and clinical decision-making in oncology.
In cardiology, nuclear imaging plays a pivotal role in assessing cardiovascular health, particularly in diagnosing conditions like coronary artery disease and evaluating myocardial perfusion. These imaging modalities provide clinicians with comprehensive data on cardiac function and blood flow, aiding in risk stratification and guiding therapeutic interventions for better patient management. Moreover, nuclear imaging holds promise in neurology, enabling the visualization of brain structures and functions to diagnose conditions such as Alzheimer's disease, epilepsy, and stroke. By offering detailed anatomical and functional information, nuclear imaging contributes to early diagnosis and personalized treatment strategies in neurology.
Beyond these primary domains, nuclear imaging finds applications in various other fields, including orthopedics, urology, and gastroenterology, among others. In orthopedics, it aids in assessing bone health, detecting fractures, and diagnosing joint diseases, while in urology, it assists in evaluating renal function and detecting urinary tract abnormalities. Additionally, nuclear imaging techniques are increasingly utilized in gastroenterology for diagnosing conditions like gastrointestinal bleeding and hepatobiliary disorders. The versatility of nuclear imaging devices across these diverse applications underscores their importance in modern healthcare, driving continuous innovation and adoption to address evolving clinical needs globally.
Global Nuclear Imaging Devices Market, Segmentation by End User
The Global Nuclear Imaging Devices Market has been segmented by End User into Hospitals, Diagnostic Imaging Centers, and Others.
The Global Nuclear Imaging Devices Market, with its diverse applications and technological advancements, has been segmented by end-users to cater to specific needs and preferences. Hospitals constitute a significant portion of this segmentation, serving as crucial hubs for medical diagnosis and treatment. Nuclear imaging devices in hospitals play a pivotal role in various departments, including radiology, oncology, and cardiology, aiding in precise diagnosis and treatment planning.
Diagnostic Imaging Centers represent another vital segment within the market, specializing in advanced imaging techniques for accurate disease detection and management. These centers often house state-of-the-art nuclear imaging devices, offering specialized services and expertise to patients and healthcare providers. With a focus on high-quality imaging and interpretation, diagnostic imaging centers contribute significantly to improving patient outcomes and overall healthcare delivery.
The Others segment encompasses a diverse range of healthcare facilities and settings utilizing nuclear imaging devices for specific purposes. This category may include ambulatory surgical centers, academic medical institutions, and research laboratories, among others. Each of these settings leverages nuclear imaging technology to varying extents, contributing to the overall growth and innovation within the market.
Global Nuclear Imaging Devices Market, Segmentation by Geography
In this report, the Global Nuclear Imaging Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Nuclear Imaging Devices Market Share (%), by Geographical Region, 2024
In 2023, the global nuclear imaging devices market saw a diverse distribution across different geographical regions, each showcasing varying degrees of market share. North America emerged as a dominant player, capturing a substantial portion of the market share. This can be attributed to the presence of advanced healthcare infrastructure, high healthcare expenditure, and a significant focus on technological advancements in medical imaging technologies within the region. Additionally, increasing prevalence of chronic diseases and growing demand for early diagnosis and treatment further fueled the adoption of nuclear imaging devices in North America.
Europe also held a notable share in the global nuclear imaging devices market in 2023. The region benefited from well-established healthcare systems, extensive research and development activities, and supportive government initiatives promoting the use of advanced medical technologies. Moreover, increasing geriatric population and rising incidence of cardiovascular and neurological disorders contributed to the growing demand for nuclear imaging devices across European countries.
Asia Pacific exhibited substantial growth potential in the nuclear imaging devices market share in 2023. Rapid economic development, expanding healthcare infrastructure, and rising awareness about early disease diagnosis drove the adoption of nuclear imaging technologies in this region. Furthermore, improving healthcare reimbursement policies and increasing investments by key market players in emerging economies like China and India further propelled market growth in Asia Pacific.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Nuclear Imaging Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Technological advancements in imaging technology
- Increasing prevalence of chronic diseases
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Growing demand for non-invasive diagnostic procedures - The global nuclear imaging devices market is experiencing a surge in demand driven by the growing preference for non-invasive diagnostic procedures. As healthcare systems strive to improve patient outcomes while minimizing risks, nuclear imaging offers a valuable solution. These devices utilize advanced imaging techniques such as Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET) to provide detailed insights into physiological processes at the molecular level. This level of precision enables early detection and accurate diagnosis of various medical conditions ranging from cancer to neurological disorders, enhancing treatment efficacy and patient care.
The rising prevalence of chronic diseases, including cancer and cardiovascular ailments, has propelled the adoption of nuclear imaging devices globally. These conditions often require ongoing monitoring and precise diagnosis for effective management. Nuclear imaging techniques not only facilitate early detection but also aid in treatment planning and assessing treatment response, thereby contributing to better clinical outcomes. Additionally, technological advancements in nuclear imaging devices, such as improved image resolution and reduced scan times, have bolstered their utility across diverse medical specialties, further driving market growth.
The increasing geriatric population worldwide is fueling the demand for nuclear imaging devices. Elderly individuals are more susceptible to chronic illnesses and often require frequent diagnostic evaluations. Nuclear imaging offers a non-invasive and comprehensive approach to assessing complex medical conditions in this demographic, fostering early intervention and personalized treatment strategies. As healthcare infrastructure continues to evolve, particularly in emerging economies, the accessibility of nuclear imaging technology is expanding, creating new opportunities for market expansion.
Restraints
- High cost associated with nuclear imaging devices
- Limited availability of skilled professionals
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Stringent regulatory requirements - The global market for nuclear imaging devices has been significantly influenced by stringent regulatory requirements. These requirements are imposed by regulatory bodies such as the FDA in the United States and the European Medicines Agency (EMA) in Europe. One key aspect of these regulations involves ensuring the safety and efficacy of nuclear imaging devices and the radioactive tracers they utilize. This includes rigorous testing and evaluation procedures to minimize potential risks to patients and healthcare professionals.
Regulatory requirements often mandate strict quality control measures throughout the manufacturing process of nuclear imaging devices. Manufacturers must adhere to Good Manufacturing Practices (GMP) and Quality Management Systems (QMS) to ensure that their products meet predefined standards for performance, reliability, and safety. Compliance with these standards is essential for obtaining regulatory approval and market clearance for nuclear imaging devices.
In addition to product quality and safety, regulatory requirements also encompass aspects related to clinical use and patient care. For example, regulations may dictate guidelines for the proper handling, storage, and disposal of radioactive materials used in nuclear imaging procedures. Furthermore, healthcare facilities and practitioners must adhere to specific protocols and protocols for administering nuclear imaging tests to patients, ensuring accurate diagnosis while minimizing radiation exposure risks.
Opportunities
- Emerging markets with untapped potential
- Integration of artificial intelligence in nuclear imaging
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Rising investments in healthcare infrastructure - The global nuclear imaging devices market is experiencing significant growth, driven primarily by rising investments in healthcare infrastructure worldwide. As governments and private entities allocate more resources towards improving healthcare facilities, the demand for advanced diagnostic technologies like nuclear imaging devices has surged. These devices play a crucial role in diagnosing various medical conditions, including cancer, cardiovascular diseases, and neurological disorders, by providing detailed images of internal organs and tissues.
Technological advancements in nuclear imaging devices have enhanced their efficiency and accuracy, further fueling market growth. Manufacturers are continually innovating to develop more sophisticated imaging systems with improved imaging quality, faster scanning times, and reduced radiation exposure for patients. These advancements have widened the applications of nuclear imaging in both diagnosis and treatment planning, driving adoption across different healthcare settings globally.
The increasing prevalence of chronic diseases, such as cancer and cardiovascular disorders, has heightened the demand for early and accurate diagnosis, driving the adoption of nuclear imaging devices. These devices offer non-invasive imaging techniques that enable healthcare professionals to detect diseases in their early stages, facilitating timely intervention and improving patient outcomes. Additionally, the growing aging population, particularly in developed regions, is contributing to the market's expansion, as the elderly are more susceptible to various health issues that require advanced diagnostic imaging.
Competitive Landscape Analysis
Key players in Global Nuclear Imaging Devices Market include :
- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Canon Medical Systems Corporation
- Hitachi Medical Corporation
- DDD-Diagnostics A/S
- Neusoft Medical Systems Co., Ltd.
- Mediso Medical Imaging Systems
- SurgicEye GmbH
- CMR Naviscan Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Nuclear Imaging Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological advancements in imaging technology
- Increasing prevalence of chronic diseases
- Growing demand for non-invasive diagnostic procedures
- Restraints
- High cost associated with nuclear imaging devices
- Limited availability of skilled professionals
- Stringent regulatory requirements
- Opportunities
- Emerging markets with untapped potential
- Integration of artificial intelligence in nuclear imaging
- Rising investments in healthcare infrastructure
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Nuclear Imaging Devices Market, By Technology, 2021 - 2031 (USD Million)
- Positron Emission Tomography
- Single Photon-Emission Computed Tomography (SPECT)
- Hybrid SPECT Systems
- Standalone SPECT Systems
- Planar Scintigraphy
- Global Nuclear Imaging Devices Market, By Application, 2021 - 2031 (USD Million)
- Oncology
- Cardiology
- Neurology
- Others
- Global Nuclear Imaging Devices Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Diagnostic Imaging Centers
- Others
- Global Nuclear Imaging Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Nuclear Imaging Devices Market, By Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Canon Medical Systems Corporation
- Hitachi Medical Corporation
- DDD-Diagnostics A/S
- Neusoft Medical Systems Co., Ltd.
- Mediso Medical Imaging Systems
- SurgicEye GmbH
- CMR Naviscan Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market