Single Photon Emission Computed Tomography (SPECT) Market Outlook By Size, Share, Future Growth And Forecast From 2016-2022

Single Photon Emission Computed Tomography (SPECT) is a form of non-invasive nuclear imaging that uses radioactive tracers and a scanner to record data to determine how organs inside the body work. Data from the SPECT can be used to construct a two dimensional or three dimensional image with the help of a computer. SPECT can be combined with CT and MRI scans to provide detailed metabolic and anatomical information about the human body and this has led to SPECT gaining huge popularity around the world. The use of SPECT in tandem with CT and MRI scans to diagnose cardiac diseases, cancer, brain diseases etc.

Market Dynamics
Some of the major drivers of growth in this market are demand for SPECT analysis in radiopharmaceuticals, improvements in SPECT imaging technology, rising geriatric population and integration of CT with SPECT. The rapid advancements in nuclear medicine diagnostics study is emerging as a new segment with a huge potential. Continuous improvements in SPECT imaging technology have produced shorter imaging times and greater resolutions. Future advancements in image processing algorithms and hardware technologies are expected to fuel the growth of the SPECT market.

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Huge capital investments, shorter half-life of radioisotopes, stringent regulations and reimbursement issues are some of the restraints for the market.

Market Segmentation
The global single photon emission computed tomography (SPECT) market is segmented based onproduct type, application, end-user and geography.

Segmentation by Product Type
Hybrid SPECT
Standalone SPECT
Hybrid SPECT commands the highest share and is also expected to have higher growth rate than standalone SPECT.

Segmentation by Application
Other Applications (Lymphoma, Thyroid, Urology, Orthopaedics, Gastroenterology)
Cardiology segment owns an overwhelming majority of the market share. New advancements in the field are making SPECT more attractive for cardiology.

Segmentation by End-User
Imaging Centres
Academic and Research Centres
Hospitals account for the largest share of this segment. Increased adoption of nuclear imaging equipment by hospitals around the world is the primary reason for the larger share owned by hospitals in this segment.

Regional/ Geographic Analysis
North America accounts for the largest market share followed by Europe and Asia- Pacific. Developed markets like North America and Europe are expected to drive the market as SPECT is a new technology with low market penetration. Asia- Pacific is projected to have the highest growth rate primarily due to factors such as rising incidence of chronic diseases, improving research infrastructure, booming population and increasing awareness among physicians and patients.

Key Players
Prominent players in the market include Philips, Siemens, GE Healthcare, Hologic Inc., Digirad Corporation, Toshiba Medical systems, Neusoft Medical systems, Carestream, Positron Corporation, CardiArc Ltd., Agfa-Gevaert N.V and Gamma Medica Inc.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

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Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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