Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research analyst predicts the global single-photon emission computed tomography (SPECT) market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the adoption of SPECT/CT hybrid imaging system. The market has been witnessing growing adoption of SPECT/CT hybrid imaging technology owing to its advantages such as early diagnosis, accurate disease staging, and effective response to the treatment of chronic conditions such as diabetes.
Also, the increasing demand for SPECT/CT hybrid imaging system is due to technological advances, decreasing prices, increasing awareness among end-users, and better reimbursement policies. Moreover, vendors are improving their technological capabilities of SPECT/CT hybrid imaging system. This will further improve the adoption rates worldwide, which in turn will propel the growth of the global SPECT market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rapidly changing hospital infrastructure and healthcare policies are the key reasons for the dominance of this market in the region. Also, the trend of hybrid operating rooms and cloud computing in the healthcare sector are some of the influential factors that are driving the growth of the global SPECT market. Standalone SPECT systems are one of the oldest and widely used medical imaging devices available and have higher installation numbers across the region. The above-mentioned factors have played a crucial role in the growth of the SPECT market, this growth in the region is expected to induce growth in the global SPECT market in the coming years.
The global SPECT market is highly competitive and fragmented due to the presence of numerous local and global vendors. The market is largely dominated by established players holding major parts of the market share. Vendors mainly compete on the basis of pricing, product differentiation, technology up-gradation, and online and on-site servicing.
During 2016, the standalone SPECT dominated the SPECT market and accounted for a major part of the overall market share. Low-device and maintenance cost are the key contributors to the growth of this segment in the global market. Also, the higher installation of standalone SPECT systems in the market due to their high popularity is also supporting the growth of this market segment.
In this market study, analysts have estimated the cardiology segment to dominate the SPECT market during the forecast period. The high rate of reimbursement provided for cardiac imaging procedures is driving the use of SPECT scan for cardiac disorders; this is contributing to the dominance of this segment in the global market.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by product
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: nuclear medicine, nuclear imaging, medical imaging, advanced medical imaging, medical imaging market forecast, medical imaging market trends,
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.