The market for nuclear medicine equipment market is expected to develop at a compound annual growth rate (CAGR) of 4.62% from 2025 to 2035, from its estimated USD 6.33 billion in 2024 to USD 10.4 billion by that time. They are critical for diagnosing, managing, treating, and prevention of major diseases, making them a crucial aspect of modern healthcare.

A variety of specialized instruments used in nuclear medicine use radioactive elements to evaluate body functions and detect anomalies at the molecular level. These tools are essential for many processes, such as imaging and therapy, and are made to guarantee patient safety and accurate diagnosis.

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GROWTH DRIVERS

The use of nuclear medicine equipment is being greatly impacted by the increasing incidence of chronic illnesses such as cancer, heart disease, and neurological conditions. For example, the World Health Organization (WHO) predicts that there will be more than 35 million new cases of cancer in 2050, which is a 77% increase over the 20 million instances that were predicted in 2022. The rising prevalence of these illnesses, which call for efficient detection and treatment methods, is driving up demand for nuclear medicine equipment.

The growing focus on early disease identification and tailored medication is a major factor driving the market's expansion. Precision medicine, sometimes referred to as customized medicine, is a state-of-the-art approach to individualized illness prevention and treatment, according to the U.S. Food and Drug Administration. Nuclear medicine provides unique insights at the molecular and cellular levels, in contrast to other imaging modalities.

MARKET SEGMENTATION:

By Type -

·         Single Photon-Emission Computed Tomography (SPECT)

o   Standalone SPECT Systems

o   Hybrid SPECT Systems

·         Positron Emission Tomography (PET)

o   Standalone

o   Hybrid

·         Planar Scintigraphy

·         Other Equipment

By Application –

·         Cardiology

·         Oncology

·         Neurology

·         Endocrinology 

·         Nephrology/Urology

·         Orthopedics/Rheumatology

·         Theranostics 

·         Other Applications

By End User –

·         Hospitals

·         Imaging Centers

·         Ambulatory Surgical Centres (ASCs)

·         Academic and Research Centers

·         Other End Users

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Nuclear Medicine Equipment Market Key Players:

·         GE HealthCare

·         Siemens Healthineers

·         Koninklijke Philips

·         Canon Medical Systems Corporation

·         Mediso Ltd.

·         Lantheus Holdings

·         Cardinal Health

·         Biodex Medical Systems

·         Other Key & Niche Players

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