global SPECT Scanning Services Market it’s worth it US$ 1,950.6 million in 2022. The market for SPECT scanning services is expected to expand at an average CAGR of 7.8% and reach US$ 4,434.8 Million by 2032.
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Radiopharmaceutical research and development, an increase in cancers, brain disease, heart disease, and bone disorders, increased public awareness of SPECT and PET in nuclear medicine, and advances in SPECT equipment are expected to drive expansion of the SPECT scanning services market.
SPECT scanners are one of the most important medical diagnostic equipment. SPECT scanning services are used in a wide variety of diagnostic and therapeutic applications. These are also used in conjunction with CT scan services to analyze human anatomy and physiology.
SPECT scans consist of radioactive substances and a high-resolution camera to form 3D images. These devices are safe to use. The procedure involving the 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 3 Drivers Influencing SPECT Scan Services Market
Increased investment in research and development:
With the increase in cases of certain health complications such as cancer, brain disorders, heart problems, and bone disorders, the medical community is investing heavily in research and development.
To analyze the state of certain parts of the body during the course of R&D, an increasing use of SPECT scanners is expected. This could 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 offer. The application is further increased if they are used in conjunction with MRIs and CT scans to obtain better quality images and high resolution images.
SPECT scanners are known to work with a high level of accuracy. SPEC scanners work on the basis of 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.
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Challenges Limiting the Market for SPECT Scanning Services
Half-life of the radioactive substance: The half-life associated with the radioactive substance poses certain threats. The reason is that radioactive elements with half-lives can dose the patient very badly, if they are not handled with adequate precautions.
High capital investment: The price of SPECT scanners is in millions of dollars. This means that not all hospitals can purchase these scanners due to a high initial investment. This could affect adoption trends for SPECT scanning services.
Future opportunities for the SPECT scanning services market
Data Integration Imaging Systems:
Using data-integrated imaging systems, it is possible to process and reconstruct images, identify medical conditions through computer-aided recognition, create 3D images, and employ quality control measures.
Data integration makes it easy for clinicians to compare scans and track disease progression. This is expected to change the outlook of the SPECT scanning services market.
Integration through mobile technologies:
There is a huge opportunity to make data accessible through mobile technologies in addition to data integration. Doctors will likely be able to review and analyze the scans from anywhere.
Companies are focusing on the development of integrated systems for SPECT scanning due to the benefits and convenience they offer, as well as the high demand from hospitals.
How are emerging companies influencing the SPECT scanning services market?
In line with developments taking place in the startup space, molecular imaging (MI) technologies are undergoing major changes. Early MI leaders provided clinicians with hybrid imaging technologies that combined CT localization with SPECT and functional information from PET (PET).
With solid-state detectors, innovators pushed the limits of medical imaging and helped doctors see disease in more detail. These new imaging systems provided additional image data for processing and advanced automated tools and AI-based reconstruction algorithms to help clinicians make complicated diagnoses.
Furthermore, patient safety is a high priority in this region. The SPECT scanners application ensures the safety of the patients and carries out the required procedure smoothly.
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Which are the key players operating in the SPECT Scanning Services market?
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 means developing new products. As a result of these advances, 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.
Recent Developments in the SPECT Scanning Services Market
GE Healthcare intends to add two new radiopharmaceuticals to its portfolio in March 2022, one for positron emission tomography (PET) and one for single photon release computed tomography (SPCT). A PET radiopharmaceutical imaging intermediate was recently declared the first patient enrolled in a phase III clinical trial, with the goal of aiding in the evaluation of adult patients with suspected parkinsonian syndromes, providing research, and improving patient care.
Fusions and acquisitions:
As recently as November 2020, GE Healthcare announced the acquisition of Prismatic Sensors AB, a Swedish startup focusing on photon counting CT detectors. Oncology, cardiology, neurology, and many other TC clinical claims could greatly benefit from this information.
Key Companies Profiled
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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