About Molecular Imaging Device
Molecular Imaging is a type of technique used by the devices so that they can provide better quality pictures or can ensure the full digital representation of internal organs in a body. Physicians use these devices to diagnose the diseases associated with the human body. Moreover, it also offers a unique insight into the human body allows the physicians to personalize patient care in terms of diagnosis. Molecular imaging devices ensures in delivering different information coupled with the potential disease in a body. Furthermore, it also provides information which is unattainable by other imaging technologies. Hence it is Important to have these molecular imaging devices. According to United States Department of Health and Human Services, there has been a significant rise in a number of cancer death rates with figure stood up to ~512,000 in the United States alone in 2015, for control & dropping death rates, it's required to implement imaging device. So, the future for molecular imaging device looks promising.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 9.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through new development, expansions and acquisitions across the globe to avail competitive advantage through combined collaborations.The Players having a strong hold in the market are Siemens AG and Hitachi Medical Corporation. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Molecular Imaging Device market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Siemens Healthcare (Germany), Philips Healthcare (Netherlands), PerkinElmer (United States), Cyclopharma (France), Hamamatsu Photonics (Japan), Scintomics (Germany), CardiArc Ltd. (United States), Digirad Corporation (United States) and Gamma Medica (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gvi Medical Devices (United States), Hitachi (Japan), Mediso (Europe), CMR Naviscan (United States), NeuroLogica Corp (United States), Toshiba (Japan) and Molecular Devices (United States).
Segmentation Overview
AMA Research has segmented the market of Global Molecular Imaging Device market by Type (Nuclear Medicine, PET/CT, PET Radiopharmacy and Other), Application (Oncology, Cardio and vascular, Neurology and Others (brain imaging, tumors, Alzheimer’s, aneurysms, bone scanning, irregular or inadequate functioning of organs, myocardial perfusion imaging)) and Region.
On the basis of geography, the market of Molecular Imaging Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Imaging technologies, the sub-segment i.e. Gamma camera will boost the Molecular Imaging Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End users, the sub-segment i.e. Hospitals will boost the Molecular Imaging Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Molecular imaging agents, the sub-segment i.e. Small molecules will boost the Molecular Imaging Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Personalize Patient Care through these Devices, Mounting Consistent Innovation in Technology and Growing Availability of these Devices and Growing Adoption of Hybrid Molecular Imaging Systems
Market Growth Drivers:
Rising Incidence of Chronic Diseases Resulting in Increased Demand for Diagnostic Equipment and Rapidly Growing Geriatric Population with Weaker Immune System
Challenges:
Issue Related Towards Product Recalls and Safety Concerns towards these Devices and Low Availability of Health Insurance Provider and Limited Government Support Policies in Developing Nations
Restraints:
Insufficient Supply of Molecular Isotopes in North America Region is Hampering the Market and High Cost of these Molecular Imaging Devices
Opportunities:
Growing Technological Advancements in the Medical Sector Such as Non-Ionizing Bio-Imaging Techniques, Including CT and MRI, Scans in Hospitals and Rising Demand for Highly Accurate and Most Efficient Imaging Devices
Market Leaders and their expansionary development strategies
May 2020, Konica Minolta, Inc. (Konica Minolta) has entered into an agreement on the joint development of artificial intelligence (AI) with Enlitic, Inc. (Enlitic), a pioneering startup company which specializes in developing AI for medical image analysis.
On 14TH May 2023, United Imaging Healthcare (UIH) presented its full portfolio of diagnosis, radiotherapy equipment, AI and digital medical products and solutions at the China International Medical Equipment Fair (CMEF) 2019. They presented this product through a theme “Desire to create”. UNI presented a total of 8 cutting-edge new products, together with the latest trail-blazing researches on molecular imaging.
Key Target Audience
Molecular Imaging Device Manufacturers, Healthcare Industry, Potential Investors, Industry Associations, Marketing & Consulting Firms, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.