Transparency Market Research

Global Nuclear Imaging Market to Progress Rapidly Owing to Growing Aging Population

Transparency Market Research Report Added "Nuclear Imaging Market" to its database.


Albany, NY -- (SBWIRE) -- 02/18/2016 -- A report from Transparency Market Research, titled 'Nuclear Imaging Market - Global Industry Size, Share, Trends, Analysis And Forecasts 2012 - 2018,' states that the global nuclear imaging market is predicted to develop rapidly in the years to come owing to the growing aging population and the increasing occurrence of chronic diseases.

Nuclear imaging is the technique used to produce visuals of the body organs by administering small quantities of radioactive tracers. The captured images are then procured by using a gamma camera and can also be recorded on a computer or film. Some of the major segments of nuclear imaging are PET/CT systems, single-photon emission computed tomography, SPECT/CT, and positron emission tomography.

The global medical imaging industry has registered significant growth over the past few years. Introduction of advanced imaging techniques and sophisticated imaging devices of the highest quality has propelled the global medical imaging industry. The global nuclear imaging market is expected to be propelled by factors such as technological advancements and the increasing varieties of nuclear imaging devices. The technology of nuclear imaging offers accurate and precise images, leading to an enhanced diagnosis of chronic diseases such as cardiac ailments and cancer. Nuclear imaging devices offer organ-specific diagnosis cost-effectively, which adds to their popularity.

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Currently, the global nuclear imaging market is led by the United States, thanks to various factors such as the growing coverage for SPECT and PET imaging by the Centers for Medicare and Medicaid Services. The increasing use of nuclear imaging techniques for the early detection of cancer and Alzheimer's, the increasing healthcare expenditure, and expanding health insurance services are some of the other factors expected to contribute to the growth of the global nuclear imaging market in the years to come.

Based on geography, the global nuclear imaging market is divided into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific dominates the global nuclear imaging market, with major contributions from rapidly developing economies such as India and China. Developing South American economies such as Peru and Brazil are predicted to contribute towards the growth of the global nuclear imaging market during the period from 2016 to 2023. The demand for nuclear imaging services in South American economies is expected to increase due to factors such as the growing aging population, rising income, rising medical expenditure, increased healthcare infrastructure, and rise in the prevalence of chronic diseases.

Leading players in the global nuclear imaging market are constantly focusing on improving the quality of their nuclear imaging services. With the introduction of new nuclear imaging devices, the leading players are predicted to maintain their dominant position in the global nuclear imaging market in the years to come. Some of the key companies in the global nuclear imaging market are GE Healthcare, Hitachi Medical Corporation, Philips Medical Systems, Toshiba Medical Systems Corporation, Carestream Health, Siemens Medical Solutions, Positron Corporation, Naviscan, and Cardinal Healthcare.

Acquisitions and mergers will give the leading players an opportunity to maintain their dominance in the global market throughout the forecast period.

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