Nuclear Imaging Devices Market Size

Nuclear Imaging Devices Market Size

Nuclear Imaging Devices Market size was valued at over USD 3 billion in 2022 and is anticipated to grow at a CAGR of over 4.9% between 2023 and 2032.  Growing demand for non-invasive diagnostic tools along with rising emphasis on personalized medicine, thereby impelling the demand for nuclear imaging devices industry.

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The industry refers to the segment of the medical imaging industry that involves the use of radioactive tracers and specialized imaging equipment to visualize and assess the physiological and metabolic functions of organs and tissues within the human body. Nuclear imaging techniques utilize radiopharmaceuticals that emit gamma rays or positrons, which are detected by dedicated imaging devices to create images and provide functional information. The market is driven by several factors such as the increasing prevalence of chronic diseases, technological advancements in imaging systems and radiopharmaceuticals.

Rapid technological advancements in nuclear imaging offering better imaging capabilities, improve patient outcomes will drive overall growth of the industry. Also, emergence of hybrid imaging systems with combination of the functional imaging capabilities of nuclear imaging modalities like SPECT and PET with anatomical imaging techniques such as computed tomography (CT) and magnetic resonance imaging (MRI). Hybrid systems, such as PET/CT and SPECT/CT provide comprehensive and precise imaging by merging functional and structural information and allows improved diagnostic accuracy, better localization of abnormalities and enhanced patient management. In addition, several market players are emphasizing on research and development activities for the development of novel nuclear imaging devices will accelerate industry expansion.