Nuclear Imaging Equipment- Global Pipeline Analysis, Competitive Landscape

Nov. 18, 2011 - PRLog -- The global nuclear imaging equipment market was estimated to be worth $1.8 billion in 2010 and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 7% to reach $2.9 billion by 2017. The market is expected to be driven by increasing applications of these systems in diagnosing oncological and neurological disorders in their early stages. The shift from standalone systems to combined modalities has provided physicians with more accurate, clear and precise images which will increase the demand for nuclear imaging equipment.

The nuclear imaging equipment market is driven by the increasing use of nuclear imaging systems in diagnosing various diseases. Nuclear imaging equipment is helpful in bone scans and cardiac scans, amongst other things, and with advances in technologies and hybrid modalities the applications of this technology have been enhanced. The expanding range of applications for nuclear imaging equipment in the areas of oncology and neurology is expected to drive the market. The approval of PET scan reimbursement for Alzheimer’s disease by the Centers for Medicare and Medicaid Services (CMS) is likely to enhance the market for Positron Emission Tomography (PET) systems in the US.

The US is the biggest market for nuclear imaging equipment, accounting for 47% of the global market in
2010. The US nuclear imaging market, valued at $834m in 2010, is forecast to grow by 5% annually during the period 2010 - 2017 to reach $1.2 billion by 2017. The major growth drivers for nuclear imaging equipment in the US are the increasing use of these systems for the early detection of diseases such as cancer and Alzheimer’s, and increased PET and Single Photon Emission Computed Tomography (SPECT) coverage by the CMS.

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In 2010, GE Healthcare, Philips Healthcare and Siemens Healthcare were the top players in the global nuclear imaging equipment market, with a combined share of more than 85%. The market is dominated by these three players due to their global reach, renowned brand names and technologically advanced products. This has resulted in significant entry barriers for new companies.

GlobalData’s new report, “Nuclear Imaging Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” 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’s 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.


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