SPECT Equipment Market is expected to reach US$ 2,109.05 million by 2028

Hospitals Segment to Lead SPECT Equipment Market during 2021–2028

According to our latest study on “SPECT Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Radioisotope Types, Application and End User,” the market is projected to reach US$ 2,109.05 million by 2028 from US$ 1,552.02 million in 2021; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028”. The report highlights the key factors driving the market growth and prominent players with their developments in the market. Factors such as rising cardiovascular disease prevalence, growing technological developments, and increasing geriatric population are boosting the market growth. However, the high cost associated with the same and the lack of trained professionals in the market hamper the market growth.

Based on end users, the SPECT equipment market is segmented into hospitals, imaging centers, and others. The hospital segment held the largest share in 2020 and is expected to continue a similar trend during the forecast period. On the other hand, the market for the imaging centers segment is expected to witness the highest growth in the next eight years.  

SPECT-CT is used increasingly in diagnostic imaging centers as a primary imaging modality for patients suffering from COVID-19. Using the technique tends to provide better image clarity. The test is conducted by a special medical team that mainly has a specialization in nuclear medicine. SPECT technique also provides accurate results based on the patient’s conditions and helps the physicians and doctors provide appropriate personalized treatment for the patients suffering from a particular disease indication type. Such factors are expected to drive the overall SPECT equipment market growth during the forecast period.

Koninklijke Philips N.V., Siemens AG, GE Healthcare, Cardinal Health, Bracco Imaging, Curium, and NTP RadioisotopesSOC Ltd. are among the leading companies operating in the SPECT equipment market.

SPECT Equipment Market, by Region, 2021 (%)

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SPECT Equipment Market Size & Growth | Report 2021, 2028

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SPECT Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type [Hybrid SPECT (SPECT-MR and SPECT- CT) and Standalone SPECT], Radioisotope Type (Iodine-123, Technetium-99m, Xenon-133, Thallium-201, Radium-223, Gallium-66, and Others), Application (Seizures, Stroke, Stress Fractures, Infections, Tumors, and Others), and End User (Hospitals, Imaging Centers, and Others)

The SPECT Equipment Market has Been Segmented as Follows:

The SPECT equipment market is segmented on the basis of type, radioisotope type, application, and end-user. Based on product, the market is bifurcated into hybrid SPECT and standalone SPECT. The market for the hybrid SPECT segment is further bifurcated into SPECT-CT and SPECT-MR. Based on radioisotope type, the market is segmented into Iodine – 123, Technetium – 99m, Xenon- Thallium – 201, Ra-223, Ga-66, and other radioisotope types. The SPECT equipment market, by application, is segmented into stroke, seizures, tumors, stress fractures, infections, and others. The market, by end-user, is segmented into hospitals, imaging centers, and others.  Based on regions, the global pharmaceutical fill and finish outsourcing market is segmented into North America, Europe, Asia Pacific, South and Central America and Middle East and Africa. The North America market is segmented into United States, Canada and Mexico. Europe market is segmented into France, Germany, Italy, Spain, United Kingdom and Rest of Europe. Asia Pacific is segmented into China, Japan, South Korea, India, Australia and Rest of Asia Pacific. Middle East and Africa is segmented into South Africa, Saudi Arabia, UAE and Rest of Middle East and Africa. South and Central America is bifurcated into Brazil, Argentina and Rest of South and Central America.