Global $5.85+ bn nuclear imaging equipment markets, competition forecast and opportunities, 2026

The “Global Nuclear Imaging Equipment Market, By Product Type (PET Imaging Systems, Gamma Camera Imaging Systems), By Gamma Camera Imaging Systems, By Application, By End User, By Region, Competition Forecast and Opportunity, 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Nuclear Imaging Equipment Market value stood at USD4054.46 million in the year 2020. The market is also expected to register CAGR growth of 6.51% in the forecast period, 2022-2026 to reach the market value of USD5873.39 million by the year 2026F.

The Global Nuclear Imaging Equipment Market is anticipated to grow in the forecast period, on the backbone of major factors like surging demand for advanced technology for the precise identification and diagnosis of the bodily functions & disease treatments through radioactive tracers.

Growing prevalence of chronic diseases with unidentified underlying causes, unavailable treatment is further driving the growth of the Global Nuclear Imaging Equipment Market in the upcoming five years. In the process of nuclear imaging, specially designed cameras allow the experts to track the path of radioactive tracers marking the causes and situational obstruction in its path.

Nuclear imaging is much more efficient method for diagnosis of various life-threatening diseases thus supporting the demands of the equipment and growth of the Global Nuclear Imaging Equipment Market in the next five years. Also, growing preference for hybrid modalities over standalone ones supports the notion of cost-effective medical devices thus reducing the cost of owning and functioning two separate devices at the cost of one and further substantiates the growth of the Global Nuclear Imaging Equipment Market in the future five years.

Moreover, increasing investments to promote research and technological advancement in the innovative medical products is also aiding the growth of the Global Nuclear Imaging Equipment Market in the forecast years, until 2026. Surging investments and involvement of the market players in both public and private sectors of healthcare industry is also pertaining to the growth of the Global Nuclear Imaging Equipment Market in the forecast period.

The Global Nuclear Imaging Equipment Market is segmented based on product type, application, end-user, company, and regional distribution. Based on application, the market is further bifurcated into oncology, cardiology, neurology, and others. Oncology sub-segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing instances of cancer and its various types.

Countries like United States is experiencing highest number of lung cancer diseases whereas breast cancer patients are rapidly growing in the Asian countries, pertaining to the growth of the applications of nuclear imaging equipment in diagnosis and surgical removals of cancerous cells from the body and thus drive the growth of the market in the forecast period. Business Wire