The global PET and SPECT installation is growing at a CAGR of 4.7%; the total number of installations in 2011 being 998 and expected to reach 1,255 by 2016.
Dallas, TX -- (SBWIRE) -- 03/27/2014 -- The report “PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography) Global Market (Technology and Applications) (Forecast to 2016)” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, Japan, and Rest of the World.
Browse market data tables and in-depth TOC on PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography) Global Market (Technology and Applications) (Forecast to 2016).
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The global PET and SPECT installation is growing at a CAGR of 4.7%; the total number of installations in 2011 being 998 and expected to reach 1,255 by 2016. This report studies the global PET and SPECT market divided into standalone (PET and SPECT) and hybrid variants (PET/CT and SPECT/CT) over the forecasted period (2011-2016).
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PET holds the largest share (53.6%) of the PET-SPECT market, dominated by PET/CT holding the share of 95% in the PET modality. Standalone PET is declining continuously and the market will be taken over by PET/CT by 2017. SPECT/CT is driving the SPECT market.
The market players are focusing on the emerging geographies such as India, China, and Brazil to drive the market as the market in the developed nations has become saturated; only replacing sales taking place and no new sales happening. The cost of the technology has to be reduced if it has to make a mark in the developing countries. To achieve this, the players have to come up with new technology and innovative strategies specific to the developing nations.
PET holds most of the share in terms of revenue in the PET-SPECT market, whereas SPECT has more number of installations. This is due to the fact that SPECT costs half the price of PET, hence greater number of installations and less revenue. SPECT has higher penetration in the developing countries. PET has a higher penetration in North America vis-à-vis Europe.
The agenda for the briefing includes discussion on key high growth markets, marking the growth trend in nuclear imaging market. Furthermore, a briefing will be conducted on the competitive scenario, geographic trends, and opportunities with focus on geographies such as Americas, Europe, Asia-Pacific (Japan not included), Japan, and Rest of the World.
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