Molecular Imaging Market Share, Growth by Top Company, Region, Review | FMI

Posted by ankush Nikam on January 27th, 2021

The global molecular imaging market is projected to register a CAGR of 7.5% in terms of value during the forecast period i.e. 2017–2027 and to be valued at US$ 6,445.8 Mn by 2027.

The report "Global Molecular Imaging Market, By Technology (Gamma Camera, SPECT, PET, Magnetic Resonance Spectroscopy, Optical Imaging, and Molecular Ultrasound Imaging), By Application (Cancer, Heart Disease, Brain Disorder, Gastrointestinal Disorder, Lung Disorder, Bone Disorder, and Others), By End User (Hospital, Diagnostic Imaging Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”

Competitive Landscape:

The prominent player operating in the global molecular imaging market includes Carestream Health, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Ltd, Hologic, Inc., Siemens AG, Philips Healthcare, Samsung Medison, Shimadzu Corporation, and Toshiba Medical Systems Corporation.

Impact of Covid-19 pandemic on market

Due to the outbreak of Covid-19 pandemic globally, imaging modalities is widely preferred by most healthcare professionals as it provides a primary diagnosis in a short time. All the imaging technologies involving nuclear imaging have been used exhaustively to study Covid-19 and its effect on different patients in each demography. The increasing requirement for advanced imaging solutions is projected to drive the development studies globally. The report will account for Covid19 as a key market contributor.

Key Highlights:

• In April 2020, in response to the need for critical care during the COVID-19 crisis, Carestream Health has increased production of its portable diagnostic imaging systems. Carestream’s DRX-Revolution Mobile X-ray System and DRX-Revolution Nano Mobile X-ray System bring the X-ray exam to the patient’s bedside, delivering high-quality digital radiography images to healthcare providers in real time to aid in patient diagnosis.
• On May 2019, GE Healthcare has collaborated with biotechnology company Indi Molecular to develop a diagnostic tool for the clinical management of patients receiving immunotherapy, a type of cancer treatment.

Analyst View:

Rising incidence of chronic disorders, improved digital platform penetration, and the increased use of molecular imaging in disciplines such as precision medicine the molecular imaging market is projected to register a steady growth. Additionally, the ongoing technological advancements have led to the identification of multimodality molecular imaging technology as an innovative approach for the anatomical as well as functional diagnosis. The use of multimodality imaging techniques including PET-CT, PET-MRI, and SPECT-CT is becoming gradually prevalent attributed to which the multimodality imaging technology is projected to lead the target market growth. Furthermore, with the advent of novel imaging agents counting the multimodality reporter genes is anticipated to rise the clinical application of techniques such as targeted molecular ultrasound and optical imaging because of which these segments are predicted to register an impressive CAGR in the coming years.

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Key Market Insights from the report:

• By product type, imaging and diagnostic devices, such as SPECT and PET uses radioisotope tracers in order to achieve improved imaging capabilities and give more specific information about organ function and dysfunction. Thus, this segment is expected to dominate the target market over the forecast period.
• By application, cancer is expected to dominate the target market owing to growing cases of cancer globally.
• By end-user, the hospital segment estimated for the highest share of this market in 2019. This is attributed due to growing prevalence of CVDs, growing number of cardiac implant procedures, increasing number of patient visits to physician offices for diagnosis, and the presence of reimbursement for these procedures across developed markets.
• By region, North America led the global molecular imaging devices market in terms of revenue share, due to high level of adoption of imaging devices in the healthcare industry. Europe estimates for second largest market share contribution to the global molecular imaging devices market, followed by Asia Pacific

Some Important Points Answered in this Market Report Are Given Below:

• COVID-19 impact on the market, detailed analysis on economic, health and financial structure.
• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period