An Incisive, In-depth Analysis on the Mobile Gamma Cameras Market
This study offers a comprehensive, 360 degree analysis on the Mobile Gamma Cameras market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Mobile Gamma Cameras market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Mobile gamma camera is a portable version of the stationary gamma or angler camera used for nuclear imaging. Nuclear imaging involves injecting a radio nucleotide in the body or organ under study and record the resulting radioactivity by scanning with a gamma camera. Nuclear imaging is performed owing to its better resolution and selectivity than non-nuclear imaging such as MRI and ultrasound.
The mobile gamma camera types include single, dual and triple head and handheld mobile gamma camera. Single head mobile gamma camera are used mostly for organ-specific scanning such as cardiac and renal applications owing to their smaller field of view. Dual and triple head mobile gamma cameras are used for all purposes including whole body scanning owing to their faster scanning speed, greater resolution, sensitivity, selectivity and larger field of view. Handheld mobile gamma camera is a portable and highly miniturized version with limited functionality.
The single head mobile gamma camera has traditionally held the largest market share owing to its lower cost. However there is a definite trend in favor of dual head gamma cameras owing to their higher resolution, sensitivity and lower scanning times. They also result in lower exposure to radionucleotides owing to their faster scanning speed.
In terms of revenue, the global mobile gamma camera market is projected to expand at a CAGR of 4.8% during the forecast period and is expected to be valued at US$ 75.2 Mn by the end of the forecast period. Asia Pacific is expected to witness siginificant growth in the global mobile gamma camera market, dominated by Japan, Australia and New Zealand and China.
The global mobile gamma camera market is segmented into seven major regions, namely North America, Western Europe, Eatern Europe, Asia Pacific and rest of world. In terms of value, North America is expected to be the dominant regional market for mobile gamma camera by 2028 and is expected to expand at a CAGR of 4.6% over the forecast period. Europe and Asia Pacific are expected to be the fast-growing markets in terms of revenue in the global mobile gamma camera market, registering CAGRs of 4.7% and 6.3%, respectively, over the forecast period. The rest of the world mobile gamma camera market is dominated by the gulf countries such as Saudi Arabia, UAE and Kuwait owing to their high healthcare expenditure and per capita income.
Technology gains is the large market opportunity for ther mobile gamma camera market. The development of solid state detector and high selectivity and specific radio nucleotides specialised for organ-specific scanning is expected to drive the adoption of mobile gamma cameras. The support to nuclear medicine and imaging by the governments of different countries is the other factors expected to boost the growth of the market for mobile gamma camera. Demographic drivers include the ageing of the world population and the growing healthcare expenditure around the world.
In North America, the U.S. is the dominant market for mobile gamma camera due to faster uptake of technology and large purchasing power. The excellent reimbursement and growing incidence of cancer and cardiopathies are also expected to support the growth of the market for mobile gamma camera. Besides, presence of large players such as Dlion, Digirad and others is also expected to drive the growth of the mobile gamma camera market in the U.S. The healthcare expenditure in the U.S. was almost 16% of its GDP in 2017, which amply reflects better pricing and market attractiveness. According to the Center for Disease Control (CDC) estimates the mortality of heart disease is around 630,000 each year, which costs about US$ 200 billion each year.
The second dominant market for mobile gamma camera is Germany owing to the presence of large medical device industry and presence of large players, such as DDD diagnostics. The growing healthcare infrastructure as well as healthcare expenditure of Europe, which accounts to average 10% of GDP, are factors driving the growth of the Europe mobile gamma camerra market. Other European nations with a sizeable market are France, the U.K. and Italy.
The Asia Pacific market is dominated by Japan, Australia and New Zealand. However, China is expected to witness fast growth in the Asia Pacific mobile gamma camera market. The rest of the world market is dominaed by the gulf countries owing to their high wealth and large public healthcare expenditure, which is approximately 75% of the GDP. The development of large sspecialty hospitals with greater purchasing power is driving a faster adoption of mobile gamma camera products. The consolidation of large healthcare providers coupled with greater healthcare insurance penetration is another driver of the mobile gamma camera market.
Future Market Insights (FMI) offers a 10-year forecast on the global mobile gamma camera market. The primary objective of the report is to offer updates and information related to the opportunities in the mobile gamma camera market.
Report Description
In terms of revenue, the global mobile gamma camera market is expected to register a CAGR of 4.8% during the forecast period, 2018–2028. The primary objective of the report is to offer insights on the market dynamics that can influence the growth of the global mobile gamma camera market over the forecast period. Insights on the key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global mobile gamma camera market are presented in the report.
The global market for mobile gamma camera is expected to witness moderate value owing to the growing demand for nuclear imaging led by growing incidence and screening rates for diseases such as cancer and cardiopathies. The increase in incidence of cancer and cardiopathies is the major factor driving the growth of the global mobile gamma camera market. The advantages of nuclear imaging such as better resolution, differentiation, and selectivity, among others are increasing the adoption of mobile gamma camera. The technological advances such as the development of the solid state detectors and high selective radio nucleotides has generated a large market enthusiasm in the global mobile gamma camera market.
Increasing investments in the research and development coupled with the entry of deep pocketed companies in the mobile gamma camera market is expected to generate momentum and growth opportunities for the mobile gamma camera market. The manufacturers are focusing on the production of miniaturized and technologically advanced products. Technological advancements is resulting in faster product development and shorter lifecycles of the products.
The report includes mobile gamma cameras that are portable and provide bed-side applications to the patient. However, the report does not includes the revenue generated by the sale of gamma camera products used in fields other than medical imaging. Currency fluctuations and inflation are not considered while calculating the revenue of the mobile gamma camera market.
Revenue from the mobile gamma camera market in countries of Asia Pacific such as China is expected to expand at the relatively higher CAGR due to lower install base, which reflects high market equity and developing healthcare infrastructure. To understand and assess the opportunities in this market, the report offers the market forecast on the basis of segment type classified into the product type, indications, end users and regions. The report provides analysis of the global mobile gamma camera market in terms of market value (US$ Mn).
By product type, the global mobile gamma camera market is segmented into:
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Single Head Mobile Gamma Camera
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Double Head Mobile Gamma Camera
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Triple Head Mobile Gamma Camera
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Hand Held Mobile Gamma Camera
The report begins with the market definition of mobile gamma camera, followed by definitions of the different segment types. The market dynamics section includes FMI’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global mobile gamma camera market.
The report analyses the mobile gamma camera market on the basis of the indications and end users and presents forecast in terms of value for the next 10 years. On the basis of indications, the global mobile gamma camera market is segmented into:
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Cardiac Imaging
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Breast Imaging
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Hepatobiliary Imaging
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GI Imaging
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Renal Imaging
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Brain Imaging
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Others
On the basis of the end users, the global mobile gamma camera market is segmented into:
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Hospitals
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Ambulatory Surgical Centers
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Cancer Research Institutes
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Specialized Clinics
Next, the report analyses the market on the basis of regions and presents forecast in terms of value for the next 10 years. On the basis of region, the global mobile gamma camera market is segmented into:
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North America
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U.S.
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Canada
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Western Europe
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Germany
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France
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U.K.
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Italy
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Spain
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Rest of Western Europe
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Eastern Europe
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Russia
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Poland
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Rest of Eastern Europe
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Asia Pacific
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Australia & New Zealand
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China
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Japan
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Rest of Asia Pacific
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Rest of World
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GCC Countries
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South Africa
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Rest of World
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In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the global mobile gamma camera market.
Another key feature of this report is the analysis of the key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by the mobile gamma camera market. To understand the key segments in terms of their growth and performance in the global mobile gamma camera market, Future Market Insights has developed a market attractiveness index. The resulting index will help identify the existing market opportunities in mobile gamma camera market.
In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of the key companies operating in the global mobile gamma camera market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the mobile gamma camera market. However, this section also includes market strategies and SWOT analysis of the key players operating in the global mobile gamma camera market.
Detailed profiles of the manufacturers of mobile gamma camera are also included in the scope of the report to evaluate their long- and short-term strategies. Examples of some of the key players operating in the mobile gamma camera market are DDD-Diagnostic A/S, Digirad Corporation, GAEDE Medizinsysteme GmbH, Beijing Hamamatsu Photon Techniques INC., Dilon Technologies, Inc., and Spectrum Dynamics Medical, among others.
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