Europe Nuclear Medicine Equipment Market to Reach A CAGR of 11.9% By The Year 2027

Market Analysis and Insights : Europe Nuclear Medicine Equipment Market

Nuclear medicine equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of approximately 11.9% in the forecast period of 2021 to 2028. The increase in prevalence of cardiovascular diseases and cancer cases among population across the globe is escalating the growth of the nuclear medicine equipment market.

Nuclear medicine equipment refer to equipment which examine various processes such as expression of cell receptors in normal cells and abnormal cells, tissue blood flow, apoptosis, neurotransmitter activity, cell trafficking, metabolism and homing. These equipment are utilized for drug development and diagnosing numerous ailments and diseases such as neurological diseases, cancer and cardiovascular disorders. They are even useful in the area of unidentifiable structural alteration when paired with computed tomography (CT).

The superiority of nuclear medicine over other imaging procedures and exclusiveness owning to its non-invasive approach to information at cellular and molecular level increases the demand of the product which acts as a major factor driving the nuclear medicine equipment market. The ability of nuclear medicine equipment of detecting the presence of disease in its initial stage and the increase in awareness regarding the chronic diseases across the globe influences the market growth. Rise in technological advancement in the medical products and enhancement of healthcare clinics and centers positively affect the market growth. Additionally, the increase in population, rise in number of cancer patients and advancement in radiotracers accelerate the nuclear medicine equipment market growth. Furthermore, the rise in the rate of diagnostic nuclear medicine procedures globally and growing use of radiopharmaceuticals in diagnosis extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

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Nuclear Medicine Equipment Market Scope and Market Size

Nuclear medicine equipment market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

On the basis of product, the nuclear medicine equipment market is segmented into SPECT, hybrid PET and planar scintigraphy. SPECT is further segmented into Hybrid SPECT and Standalone SPECT.
On the basis of application, the nuclear medicine equipment market is segmented into oncology, cardiology, neurology and general imaging.
On the basis of end users, the nuclear medicine equipment market is segmented into hospitals, imaging centers and others.

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Competitive Landscape and Nuclear Medicine Equipment Market Share Analysis

Nuclear medicine equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nuclear medicine equipment market.

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