[FURL=https://www.industryarc.com/Report/16841/nuclear-medicine-equipment-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Nuclear Medicine Equipment Market[/FURL] Nuclear Medicine Equipment Market size is projected to reach $2.6 billion by 2026, with a CAGR of 4.6% during the forecast period 2021-2026. Nuclear medicine involves the use of radioactive substances called radiotracers used in the diagnosis and treatment of illnesses such as cardiovascular diseases, neurological diseases, cancers, and so on. The radiotracers are injected, inhaled, or swallowed by the patient and then emit gamma radiation that can be detected by nuclear imaging devices. Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET) scans are the most widely used nuclear imaging devices.Key Takeaways
Geographically, North America was estimated to have the highest Nuclear Medicine Market share in 2020 and it is poised to dominate the market over the forecast period 2021-2026 owing to the highly developed healthcare system along with the increase in the target patient population in the region.
Global rise in lifestyle diseases such as cancer and cardiovascular illnesses are forecast to drive the market but the Covid-19 pandemic is a major challenge faced by the Nuclear Medicine Equipment Industry owing to the fear of infection-causing fewer patient visits to hospitals.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Nuclear Medicine Equipment Market report.
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Nuclear Medicine Equipment Market Segment Analysis-By Geography
Nuclear Medicine Equipment based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North American market held the largest share in 2020 with 31% of the market. The growth in this geographic segment is owing to the developed healthcare system and high investment levels in research and development by the governments. The growth in prevalence and spending on diseases such as cancer and cardiovascular illnesses are a major reason for the region’s high market share.
Nuclear Medicine Equipment Market Drivers
Increase in the Prevalence of Target Patient Population is Projected to Drive Market Growth
Advancements in Nuclear Imaging Systems Expected to Boost Product Demand.
Nuclear Medicine Equipment Market Competitive Landscape Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Nuclear Medicine Equipment Market. Top 10 companies of this market are Toshiba Medical Systems Corporation, CMR Naviscan Corporation, GE Healthcare, Siemens AG, Philips Healthcare, Digirad Corporation, Surgiceye GMBH, Mediso Medical Imaging Systems Ltd, Ddd-Diagnostic A/S, Bozlu Holding
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