The global Positron Emission Tomography (PET) Nuclear Medicine Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Positron Emission Tomography (PET) Nuclear Medicine market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the positron emission tomography (PET) nuclear medicine market which was USD 9 billion in 2021, is expected to reach USD 27.53 billion by 2029, at a CAGR of 15% during the forecast period 2022 to 2029.
Top Companies in the Global Positron Emission Tomography (PET) Nuclear Medicine Market:
Cardinal Health (U.S.), General Electric (U.S.), Lantheus (U.S.), Bayer AG (Germany), Bracco Diagnostic Inc. (Italy), NorthStar Medical Radioisotopes, LLC (U.S.), Eckert & Ziegler. (Germany), Jubilant DraxImage, Inc. (Canada), PharmaLogic Holdings Corp. (U.S.), Institute of Isotopes Co., Ltd (Hungary), SHINE Medical Technologies, LLC (U.S.), Global Medical Solutions LLC (China), Segami Corporation (U.S.), Spectrum Dynamics Medical (Israel), CMR Naviscan (U.S.), Shanghai United Imaging Healthcare Co., LTD (China), Neusoft Corporation (China), among others.
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Market Segmentation:
The positron emission tomography (PET) nuclear medicine market is segmented on the basis of type, application, procedure, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- F-18
- Rb-82
- Others
Application
- Oncology
- Cardiology
- Neurology
- Other PET Applications
Procedure
- Diagnostic Procedures
- SPECT procedures
- PET procedures
- Therapeutic Procedures
- Beta emitter procedures
- Alpha emitter procedures
- Brachytherapy procedures
End User
- Hospitals
- Diagnostic Centers
- Research Institutes
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the positron emission tomography (PET) nuclear medicine market due to the surging levels of investment of the research and development activities.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising awareness among the people regarding nuclear medicines and molecular imaging along with increasing geriatric population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Rising demand of nuclear medicines in radiopharmaceutical applications
Nuclear medicine is used to detect heart disease and cancer. As these industries developed, some companies and investors focused on expanding radiopharmaceuticals' use. The expansion of radiopharmaceutical applications can boost demand and acceptance during the forecast period.
- Growing demand of nuclear medicine diagnostics
The nuclear medicines diagnostics are mainly used in cancer treatment, such as in radiotherapy. According to GLOBOCAN 2021, 19.3 million new cancer cases were diagnosed worldwide in 2020, with the number expected to rise to 30.2 million cases by 2040. Furthermore, other factors, such as increasing SPECT and PET applications and growing public awareness of healthcare, are expected to drive the market during the forecast period.
Opportunities
- Launch of nuclear medicine centres
The launch of nuclear medicine centres worldwide will provide access to nuclear medicine treatments and create immense opportunity for the market growth. For instance, in May 2022, Penang Adventist Hospital (PAH), located in Pulau Pinang, Malaysia, will launch a full-fledged private nuclear medicine centre in northern Malaysia. The new facility provides diagnostic and treatment procedures for specific conditions and diseases such as hyperthyroidism, thyroid cancer, lymphomas, and bone pain caused by various types of cancer.
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