The Global SPECT Scanning Services Industry, valued at US$ 1,950.6 Million in 2022, is poised for a remarkable surge, with a projected Compound Annual Growth Rate (CAGR) of 7.8%, aiming to reach a staggering US$ 4,434.8 Million by 2032.
The driving force behind this unprecedented growth is attributed to several key factors shaping the landscape of the Global SPECT Scanning Services Industry. Among these, groundbreaking research and development in radiopharmaceuticals have paved the way for innovative diagnostic solutions. With an alarming rise in cancer cases, coupled with an increasing prevalence of brain diseases, heart difficulties, and bone disorders, the demand for advanced diagnostic tools like SPECT scanning services has never been more critical.
Moreover, the growing awareness among the public about the benefits of SPECT and PET in nuclear medicine has fueled the adoption of these technologies, driving the expansion of the SPECT scanning services market. Additionally, continuous advancements in SPECT equipment are playing a pivotal role in enhancing diagnostic accuracy and efficiency.
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The SPECT scanners consist of radioactive substances and a high-resolution camera to form 3D pictures. These devices are safe to use. The procedure involving SPECT scanner is simple. A radioactive tracer is injected into the blood, which produces gamma rays. The camera captures the image, and this image is presented on the computer. The affected area will appear dark in color. Less tracker would mean the cell in the particular area is dead.
Top Drivers Influencing the Global SPECT Scanning Services Industry
Increasing Investment in Research and Development:
With increasing cases of certain health complications like cancer, brain disorders, heart problems, and bone disorders, the medical community is investing heavily in research and development.
To analyze the condition of certain body parts during R&D, more and more usage of SPECT scanners is expected. This might increase the demand for SPECT scanning services.
Wide Range of Applications:
One of the biggest advantages of using SPECT scanners is the wide range of applications they provide. The application further increases if they are used along with MRI and CT scans for better imaging quality and high-resolution images.
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Accuracy:
The SPECT scanners are known to work with a high level of accuracy. The SPEC scanners operate based on nuclear medicine imaging techniques.
The ability of nuclear imaging techniques to accurately detect molecular activity in the body and diagnose diseases at their earliest stages is expected to increase the demand for SPECT scanning services.
Opportunities Ahead for the Global SPECT Scanning Services Industry
Opportunities:
Data Integrating Imaging Systems:
By using data-integrated imaging systems, it is possible to process and reconstruct images, identify medical conditions through computer-assisted recognition, create 3D images, and employ quality control measures.
Data integration makes it easier for doctors to compare scans and track the disease’s progression. This is expected to change the outlook of Global SPECT Scanning Services Industry
Competitive Landscapes:
What are the Major Players in the Global SPECT Scanning Services Industry?
The global demand for SPECT scanning services is highly fragmented and competitive due to the presence of numerous regional and local companies. Major players use a variety of marketing strategies, including mergers and acquisitions, developments, alliances, and partnerships.
Increasing a company’s share of the consumer market also entails developing new products. As a result of these advancements, the effectiveness of SPECT scanning services has increased.
Some of the key players are Gamma Medica Inc., GE Healthcare, Siemens Healthineers, Toshiba Medical Systems Corporation, Mediso Medical Imaging Systems Ltd., Digirad Corporation, Positron Corporation, DDD Diagnostics, Cubresa Inc., and others.
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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