Nuclear Medicine Equipment Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction
Nuclear medicine equipment, encompassing SPECT (Single Photon Emission Computed Tomography), PET (Positron Emission Tomography), and planar scintigraphy systems, plays a pivotal role in non-invasive diagnostics and targeted therapies for conditions like cancer (20 million new cases globally in 2022), cardiovascular diseases, and neurological disorders. The market thrives on the growing prevalence of chronic diseases, an aging population prone to such conditions, and a shift toward personalized medicine through theranostics. Innovations such as AI-optimized imaging and hybrid systems enhance diagnostic precision. The global market is projected to reach between USD 3.8 billion and USD 6.1 billion in 2025, with a CAGR of 2.2% to 4.8% through 2030.
Regional Analysis
North America: The U.S. leads with widespread adoption of PET and SPECT for oncology, while Canada focuses on cardiovascular diagnostics.
Europe: Germany, France, and the UK drive demand due to advanced healthcare systems and aging demographics.
Asia Pacific: China and India see growth from rising cancer rates, while Japan emphasizes precision imaging.
Rest of the World: Brazil expands nuclear medicine access, and the Middle East invests in cutting-edge diagnostics.
Application Analysis
Hospitals: Expected growth of 2.0%-4.6%, driven by complex diagnostics and therapies. Trends focus on hybrid imaging adoption.
Diagnostic Imaging Centers: Projected growth of 2.4%-5.0%, linked to specialized scans. Developments emphasize throughput efficiency.
Others: Anticipated growth of 1.8%-4.4%, covering niche uses. Advances prioritize accessibility.
Type Analysis
SPECT: Expected growth of 2.1%-4.7%, valued for cost-effectiveness. Trends highlight improved resolution.
PET: Projected growth of 2.5%-5.1%, key for oncology precision. Advances focus on AI integration.
Planar Scintigraphy Systems: Anticipated growth of 1.9%-4.5%, suited for basic diagnostics. Innovations emphasize affordability.
Key Market Players
Leading companies include GE HealthCare, innovating with Clarify DL; Siemens Healthineers, advancing imaging solutions; Philips, enhancing SPECT/PET systems; Canon Medical Systems, focusing on diagnostic tech; Mediso, offering molecular imaging; Curium, specializing in radiopharmaceuticals; TTG Imaging Solutions, expanding service networks; CMR Naviscan, targeting breast imaging; Neusoft Corporation, developing affordable systems; Shenzhen Anke High-tech, supporting diagnostics; Bracco Imaging, advancing tracers; and Biosensors International Group, boosting imaging tools.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high regulatory and technological barriers, though niche innovators can emerge.
Threat of Substitutes: Low, as nuclear medicine equipment offers unique diagnostic and therapeutic capabilities.
Bargaining Power of Buyers: Moderate, with hospitals seeking reliable, cost-effective systems, though specialized needs limit options.
Bargaining Power of Suppliers: Low, with multiple component and tracer suppliers available.
Competitive Rivalry: High, with firms competing on AI integration, imaging quality, and theranostic applications.
Market Opportunities and Challenges
Opportunities:
Cancer (20 million cases annually) and chronic diseases drive demand.
Aging populations (one in six over 60 by 2030) increase needs, while theranostics and AI innovations enhance precision.
Non-invasive preferences and hybrid imaging boost adoption.
Challenges:
High equipment costs and radiopharmaceutical supply issues limit penetration in low-income regions.
Regulatory hurdles for new tracers slow growth.
Shortages of trained nuclear medicine specialists restrict market expansion.
Market News
In July 2024, GE Healthcare acquired Intelligent Ultrasound’s AI business for USD 51 million, enhancing scanning efficiency.
In April 2022, Mediso Ltd acquired Bartec Technologies Ltd, strengthening its nuclear medicine equipment support services.
In April 2020, TTG Imaging Solutions, LLC acquired Nuclear Imaging Services and NISotopes, expanding its imaging and radiopharmacy footprint.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Nuclear Medicine Equipment Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Nuclear Medicine Equipment Market in North America (2020-2030)
8.1 Nuclear Medicine Equipment Market Size
8.2 Nuclear Medicine Equipment Market by End Use
8.3 Competition by Players/Suppliers
8.4 Nuclear Medicine Equipment Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Nuclear Medicine Equipment Market in South America (2020-2030)
9.1 Nuclear Medicine Equipment Market Size
9.2 Nuclear Medicine Equipment Market by End Use
9.3 Competition by Players/Suppliers
9.4 Nuclear Medicine Equipment Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Nuclear Medicine Equipment Market in Asia & Pacific (2020-2030)
10.1 Nuclear Medicine Equipment Market Size
10.2 Nuclear Medicine Equipment Market by End Use
10.3 Competition by Players/Suppliers
10.4 Nuclear Medicine Equipment Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Nuclear Medicine Equipment Market in Europe (2020-2030)
11.1 Nuclear Medicine Equipment Market Size
11.2 Nuclear Medicine Equipment Market by End Use
11.3 Competition by Players/Suppliers
11.4 Nuclear Medicine Equipment Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Nuclear Medicine Equipment Market in MEA (2020-2030)
12.1 Nuclear Medicine Equipment Market Size
12.2 Nuclear Medicine Equipment Market by End Use
12.3 Competition by Players/Suppliers
12.4 Nuclear Medicine Equipment Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Nuclear Medicine Equipment Market (2020-2025)
13.1 Nuclear Medicine Equipment Market Size
13.2 Nuclear Medicine Equipment Market by End Use
13.3 Competition by Players/Suppliers
13.4 Nuclear Medicine Equipment Market Size by Type
Chapter 14 Global Nuclear Medicine Equipment Market Forecast (2025-2030)
14.1 Nuclear Medicine Equipment Market Size Forecast
14.2 Nuclear Medicine Equipment Application Forecast
14.3 Competition by Players/Suppliers
14.4 Nuclear Medicine Equipment Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 GE HealthCare
15.1.1 Company Profile
15.1.2 Main Business and Nuclear Medicine Equipment Information
15.1.3 SWOT Analysis of GE HealthCare
15.1.4 GE HealthCare Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Siemens Healthineers
15.2.1 Company Profile
15.2.2 Main Business and Nuclear Medicine Equipment Information
15.2.3 SWOT Analysis of Siemens Healthineers
15.2.4 Siemens Healthineers Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Philips
15.3.1 Company Profile
15.3.2 Main Business and Nuclear Medicine Equipment Information
15.3.3 SWOT Analysis of Philips
15.3.4 Philips Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Canon Medical Systems
15.4.1 Company Profile
15.4.2 Main Business and Nuclear Medicine Equipment Information
15.4.3 SWOT Analysis of Canon Medical Systems
15.4.4 Canon Medical Systems Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Mediso
15.5.1 Company Profile
15.5.2 Main Business and Nuclear Medicine Equipment Information
15.5.3 SWOT Analysis of Mediso
15.5.4 Mediso Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Curium
15.6.1 Company Profile
15.6.2 Main Business and Nuclear Medicine Equipment Information
15.6.3 SWOT Analysis of Curium
15.6.4 Curium Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 TTG Imaging Solutions
15.7.1 Company Profile
15.7.2 Main Business and Nuclear Medicine Equipment Information
15.7.3 SWOT Analysis of TTG Imaging Solutions
15.7.4 TTG Imaging Solutions Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 CMR Naviscan
15.8.1 Company Profile
15.8.2 Main Business and Nuclear Medicine Equipment Information
15.8.3 SWOT Analysis of CMR Naviscan
15.8.4 CMR Naviscan Nuclear Medicine Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Nuclear Medicine Equipment Report
Table Data Sources Of Nuclear Medicine Equipment Report
Table Major Assumptions Of Nuclear Medicine Equipment Report
Table Nuclear Medicine Equipment Classification
Table Nuclear Medicine Equipment Applications
Table Drivers Of Nuclear Medicine Equipment Market
Table Restraints Of Nuclear Medicine Equipment Market
Table Opportunities Of Nuclear Medicine Equipment Market
Table Threats Of Nuclear Medicine Equipment Market
Table Raw Materials Suppliers
Table Different Production Methods Of Nuclear Medicine Equipment
Table Cost Structure Analysis Of Nuclear Medicine Equipment
Table Key End Users
Table Latest News Of Nuclear Medicine Equipment Market
Table Merger And Acquisition
Table Planned/Future Project Of Nuclear Medicine Equipment Market
Table Policy Of Nuclear Medicine Equipment Market
Table 2020-2030 North America Nuclear Medicine Equipment Market Size
Table 2020-2030 North America Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 North America Nuclear Medicine Equipment Key Players Revenue
Table 2020-2025 North America Nuclear Medicine Equipment Key Players Market Share
Table 2020-2030 North America Nuclear Medicine Equipment Market Size By Type
Table 2020-2030 United States Nuclear Medicine Equipment Market Size
Table 2020-2030 Canada Nuclear Medicine Equipment Market Size
Table 2020-2030 Mexico Nuclear Medicine Equipment Market Size
Table 2020-2030 South America Nuclear Medicine Equipment Market Size
Table 2020-2030 South America Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 South America Nuclear Medicine Equipment Key Players Revenue
Table 2020-2025 South America Nuclear Medicine Equipment Key Players Market Share
Table 2020-2030 South America Nuclear Medicine Equipment Market Size By Type
Table 2020-2030 Brazil Nuclear Medicine Equipment Market Size
Table 2020-2030 Argentina Nuclear Medicine Equipment Market Size
Table 2020-2030 Chile Nuclear Medicine Equipment Market Size
Table 2020-2030 Peru Nuclear Medicine Equipment Market Size
Table 2020-2030 Asia & Pacific Nuclear Medicine Equipment Market Size
Table 2020-2030 Asia & Pacific Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 Asia & Pacific Nuclear Medicine Equipment Key Players Revenue
Table 2020-2025 Asia & Pacific Nuclear Medicine Equipment Key Players Market Share
Table 2020-2030 Asia & Pacific Nuclear Medicine Equipment Market Size By Type
Table 2020-2030 China Nuclear Medicine Equipment Market Size
Table 2020-2030 India Nuclear Medicine Equipment Market Size
Table 2020-2030 Japan Nuclear Medicine Equipment Market Size
Table 2020-2030 South Korea Nuclear Medicine Equipment Market Size
Table 2020-2030 Southeast Asia Nuclear Medicine Equipment Market Size
Table 2020-2030 Australia Nuclear Medicine Equipment Market Size
Table 2020-2030 Europe Nuclear Medicine Equipment Market Size
Table 2020-2030 Europe Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 Europe Nuclear Medicine Equipment Key Players Revenue
Table 2020-2025 Europe Nuclear Medicine Equipment Key Players Market Share
Table 2020-2030 Europe Nuclear Medicine Equipment Market Size By Type
Table 2020-2030 Germany Nuclear Medicine Equipment Market Size
Table 2020-2030 France Nuclear Medicine Equipment Market Size
Table 2020-2030 United Kingdom Nuclear Medicine Equipment Market Size
Table 2020-2030 Italy Nuclear Medicine Equipment Market Size
Table 2020-2030 Spain Nuclear Medicine Equipment Market Size
Table 2020-2030 Belgium Nuclear Medicine Equipment Market Size
Table 2020-2030 Netherlands Nuclear Medicine Equipment Market Size
Table 2020-2030 Austria Nuclear Medicine Equipment Market Size
Table 2020-2030 Poland Nuclear Medicine Equipment Market Size
Table 2020-2030 Russia Nuclear Medicine Equipment Market Size
Table 2020-2030 Mea Nuclear Medicine Equipment Market Size
Table 2020-2030 Mea Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 Mea Nuclear Medicine Equipment Key Players Revenue
Table 2020-2025 Mea Nuclear Medicine Equipment Key Players Market Share
Table 2020-2030 Mea Nuclear Medicine Equipment Market Size By Type
Table 2020-2030 Egypt Nuclear Medicine Equipment Market Size
Table 2020-2030 Israel Nuclear Medicine Equipment Market Size
Table 2020-2030 South Africa Nuclear Medicine Equipment Market Size
Table 2020-2030 Gulf Cooperation Council Countries Nuclear Medicine Equipment Market Size
Table 2020-2030 Turkey Nuclear Medicine Equipment Market Size
Table 2020-2025 Global Nuclear Medicine Equipment Market Size By Region
Table 2020-2025 Global Nuclear Medicine Equipment Market Size Share By Region
Table 2020-2025 Global Nuclear Medicine Equipment Market Size By Application
Table 2020-2025 Global Nuclear Medicine Equipment Market Share By Application
Table 2020-2025 Global Nuclear Medicine Equipment Key Vendors Revenue
Table 2020-2025 Global Nuclear Medicine Equipment Key Vendors Market Share
Table 2020-2025 Global Nuclear Medicine Equipment Market Size By Type
Table 2020-2025 Global Nuclear Medicine Equipment Market Share By Type
Table 2025-2030 Global Nuclear Medicine Equipment Market Size By Region
Table 2025-2030 Global Nuclear Medicine Equipment Market Size Share By Region
Table 2025-2030 Global Nuclear Medicine Equipment Market Size By Application
Table 2025-2030 Global Nuclear Medicine Equipment Market Share By Application
Table 2025-2030 Global Nuclear Medicine Equipment Key Vendors Revenue
Table 2025-2030 Global Nuclear Medicine Equipment Key Vendors Market Share
Table 2025-2030 Global Nuclear Medicine Equipment Market Size By Type
Table 2025-2030 Nuclear Medicine Equipment Global Market Share By Type
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Nuclear Medicine Equipment Picture
Figure 2020-2030 North America Nuclear Medicine Equipment Market Size And Cagr
Figure 2020-2030 South America Nuclear Medicine Equipment Market Size And Cagr
Figure 2020-2030 Asia & Pacific Nuclear Medicine Equipment Market Size And Cagr
Figure 2020-2030 Europe Nuclear Medicine Equipment Market Size And Cagr
Figure 2020-2030 Mea Nuclear Medicine Equipment Market Size And Cagr
Figure 2020-2025 Global Nuclear Medicine Equipment Market Size And Growth Rate
Figure 2025-2030 Global Nuclear Medicine Equipment Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |