A study on Spect Scanning Services Market has been conducted to understand the market landscape in 2022.
Survey period: November 9-15, 2022
Survey Base: We surveyed 532 market players of all sizes.
Number of valid answers: 532
Survey method: 212 field surveys, 320 internet surveys
Survey Respondents: The survey was conducted among companies based on revenue. Survey results:
Q: How big is the SPECT scanning services market?
The global SPECT scanning services market is valued at approximately USD 2.2 billion in 2022. The market is expected to grow at a CAGR of around 8.1% to reach a revenue of over US$7.25 billion by the end of 2035. The growth of this market is calculated based on the increasing number of cancer, brain disease, heart disease, and bone disease patients worldwide. For example, heart disease, including heart attack, heart failure, and arrhythmia, is the leading cause of death in the United States. The Centers for Disease Control and Prevention (CDC) estimates that heart disease kills about 660,000 people in the United States each year.
Q: What drives the growing demand for SPECT scanning services? Single-photon emission computed tomography (SPECT) allows doctors to analyze organs, tissues, and bones.
SPECT scanning services are widely used in multiple diagnostic and therapeutic applications. These are used in conjunction with CT scan services for analysis of human anatomy and physiology. Health complications such as cancer, brain and bone disorders, and heart problems are increasing at alarming rates. This has led the global community to invest heavily in research and development of medical diagnostic equipment.
SPECT scanners are highly reliable as they provide an accurate diagnosis. Data-integrated imaging systems facilitate image
acquisition, 3D image reconstruction, and computer-assisted
recognition to identify disease states. This makes it easier for doctors and technicians to compare scans and track disease
In addition to data integration, making data accessible via mobile technology allows physicians to review and analyze scans from anywhere. This feature of SPECT scanners is likely to drive increased demand.
In addition, hospitals are ready to invest in advanced technology that can provide quality medical services, another factor driving the demand for SPECT scanning services.
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Q: What are the challenges that limit the growth of your SPECT scanning services business?
Due to the large capital investment involved in installing SPECT scanners, not all healthcare facilities can afford these scanners. Apart from the high cost, the half-life associated with radioactive materials used as tracers can pose certain threats if not administered with proper care.
Q: What is the classification of the SPECT scanning services market? The SPECT Scanning Services market is segmented based on design, tracer, application, and end user into: –
1. Design – Encapsulated, Eccentric Rotating Mass (ERM), Linear Resonant Actuator, PCB Mounted, Brushless Coin, and Brushed Coin Eccentric Rotating Mass (ERM) motors provide the technology to generate vibration. They are easy to use, easy to understand, and available in a wide range of sizes. Brushless vibration motors are also used due to their long life.
2. Tracers – Iodine 123, Technetium 99m, Xenon 133, Thallium 201, Fluorine 18 Iodine-123 is increasingly used in the diagnosis of thyroid cancer because it provides excellent image quality. Also, this is completed in 24 hours after dosing instead of 48 hours like other tracers. 3. Applications – oncology, brain disease, cardiology, and bone disease The number of oncology trials increased by about 55% from 2016-2021 to discover new treatments to combat various cancers. According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, with approximately 10 million people dying from cancer in 2020.
4. End Users – Hospitals, Radiology Clinics, Diagnostic Labs, Ambulatory Surgery Centers, etc.
There are over 17.5 million SPECT scanning services in the US alone. Most of them are performed by radiation clinics.
Q: Who are the leaders in the SPECT scanning services market? Siemens Healthcare GmbH, Toshiba International Corporation, Mediso Ltd., DIGIRAD CORPORATION, DDD-Diagnostic A/S, Positron Corporation, Cubresa, Inc., and Koninklijke Philips N.V. are some of the leaders in the SPECT scanning services market. is.
Q: What are the recent developments in the area of SPECT scanning services? Siemens Healthineers has announced that its SPECT/CT system, Symbia Pro.specta, has received approval from the Food and Drug
Administration (FDA). Symbia Pro.specta features advanced CT and SPECT imaging technology. It guides the user through the entire inspection decision-making process. The Symbia Pro.specta is a versatile system that can be customized for use with a wide variety of patients in a wide range of clinical trials and settings.
Spectrum Dynamics has announced the addition of new capabilities to its VERITON-CT 400 Series digital SPECT/CT scanners. This capability enables whole-body, brain, cardiac, and other imaging applications. Q: Which regions are expected to offer lucrative growth opportunities for the SPECT scanning services market?
The North American region is projected to capture over 38% of the SPECT scanning services market by the end of 2035. A surge in the number of service providers and product innovation in the region is expected to boost the market growth in North America. The incidence and prevalence of cancer, heart disease and neurological disorders are increasing. There is a high demand for devices that help in early diagnosis of these deadly diseases.
The Europe region currently holds over 29% market share. Germany is expected to grow at a CAGR of around 5.2%, while the rest of Europe is expected to reach (more than) US$828 million by the end of 2035. China is projected to grow at a CAGR of around 9.6%, while Japan is calculated to exhibit a CAGR of around 5.6%.
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