MEA Projected to be the Second Fastest Growing Regional Market for Single-Photon Emission Computed Tomography in the Coming Decade
Global single-photon emission computed tomography market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by the rise in prevalence of chronic disorders, growing disease awareness levels among the population, and development of cost-effective and advanced treatment options. According to the newly published report by Future Market Insights titled “Single-Photon Emission Computed Tomography Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” revenue from the global single-photon emission computed tomography market is expected to increase at a CAGR of 6.9% during the forecast period 2017–2027. This market is fragmented with very few major players operating globally. Companies in the global market are focussing on driving growth in mature markets so as to maximise growth prospects. This exclusive report on the global single-photon emission computed tomography market indicates that North America represents the most lucrative market for single-photon emission computed tomography, followed by Western Europe and APEJ.
Single Photon Emission Computed Tomography Market
“Single-Photon Emission Computed Tomography Market: Global Industry Analysis (2012 &...
Global Single-Photon Emission Computed Tomography Market: Factors Boosting Revenue Growth
Rising global demand for effective diagnostic techniques
Emerging applications of new radiopharmaceuticals
Global increase in healthcare expenditure
Availability of favourable reimbursements for brain imaging
Increased scanning efficiency with rapid technological advancements
Rise in the number of free standing imaging centres
Global Single-Photon Emission Computed Tomography Market: Factors Restricting Revenue Growth
Regulatory impositions by various regulatory authorities in different countries as well as the rules and regulations laid down by the U.S. Food and Drug Administration and European Commission could affect the global single-photon emission computed tomography market. Also, currency fluctuations and changing taxation policies are likely to have a significant impact on the revenue growth of the global single-photon emission computed tomography market over the forecast period.
Global Single-Photon Emission Computed Tomography Market: Forecast by End User
On the basis of end user, the global market for single-photon emission computed tomography is segmented into hospitals, diagnostic imaging centres and ambulatory surgical centres. Although hospitals dominated the global SPECT market in 2016 with a valuation of US$ 898.7 Mn, diagnostic imaging centres are expected to witness significant growth during the forecast period 2017 – 2027, primarily due to the adoption of single-photon emission computed tomography devices in diagnostic imaging centres.
Global Single-Photon Emission Computed Tomography Market: Forecast by Product Type
By product type the market is segmented into single imaging gamma cameras and SPECT/CT. The single imaging gamma cameras segment dominated the global SPECT market in 2016 and is projected to continue to do so throughout the forecast period. However, SPECT/CT is the fastest growing segment in the global market, expanding at a CAGR of 9.3% during the forecast period.
Global Single-Photon Emission Computed Tomography Market: Forecast by Application
By application the global market for single-photon emission computed tomography is segmented into cardiology, oncology, neurology, and others. Neurology is the fastest growing segment by application type, expanding at a CAGR of 7.9% followed by oncology and cardiology.
Global Single-Photon Emission Computed Tomography Market: Forecast by Region
The North America single-photon emission computed tomography market accounted for the largest revenue share in 2016. Asia Pacific excluding Japan is expected to experience the highest growth rate of 8.9% between 2017 and 2027, primarily due to rising incidences of chronic disorders and a rapid growth in the ageing population.
Global Single-Photon Emission Computed Tomography Market: Key Players
GE Healthcare, Siemens Healthcare, Koninklijke Philips N.V., Bruker Corporation, Mediso Ltd., Digirad Corporation, Spectrum Dynamics Medical, DDD-Diagnostic A/S, MiE America, Inc., CardiArc, Beijing Hamamatsu Photon Techniques INC., SHENZHEN BASDA MEDICAL APPARATUS CO., LTD., PNPMed, NuCare Inc. are some of the key market players profiled in this report.
For more insights on the global single-photon emission computed tomography market, write in to Future Market Insights analysts at email@example.com
About the Healthcare Division at Future Market Insights
Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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