Europe Nuclear Imaging Devices Market By Product (Single Photon-Emission Computed Tomography (SPECT), Hybrid Pet, Planar Scintigraphy), Application (Oncology, Cardiology, Neurology, Other Applications), End User (Hospitals, Imaging Centers, Academic & Research Centers, Other End Users), country (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe) - Trends and Forecast to 2026

Market Analysis: Europe Nuclear Imaging Devices Market

Europe nuclear imaging devices market is registering a substantial CAGR of in the forecast period of 2019-2026. This rise in the market can be attributed to the shift from separate service to variant modality and raised focus on personalized medicine.

Market Definition: Europe Nuclear Imaging Devices Market

Nuclear imaging devices are the medical imaging instruments that use radioactive materials to diagnose the seriousness of illnesses such as cancer, cardiovascular disease, gastrointestinal, endocrine, neurological illnesses and other defects inside the brain. These non-invasive instruments provide operational data at molecular and cellular stage that allows physicians to diagnose and assess medical conditions.

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Market Drivers

Shift from separate service to variant modality is driving the growth of the market
Raised focus on personalized medicine is propelling the growth of the market
Investors through public-private partnerships to reinvigorate diagnostic imaging is boosting the growth of the market
Enhanced occurrence and incidence of cancer and heart disease is contributing to the growth of the market

Market Restraints

The shorter half-life for radiopharmaceuticals is hampering the growth of the market
Worldwide flaw of Tc-99 m is hindering the growth of the market
High price of nuclear imagery devices is restricting the growth of the market
Segmentation: Europe Nuclear Imaging Devices Market

By Product

Single Photon-Emission Computed Tomography (SPECT)
Hybrid SPECT Systems
Standalone SPECT Systems
Hybrid Pet
Planar Scintigraphy

By Application

Oncology
Cardiology
Neurology
Other Applications

By End User

Hospitals
Imaging Centers
Academic & Research Centers
Other End Users

By country

Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe

Key Developments in the Market:

In June 2019, Bracco Imaging S.p. A., a worldwide player in diagnostic imaging, has announced that it has reached a final contract to purchase Blue Earth Diagnostics, a molecular imaging firm headquartered in Oxford, U.K. With this purchase, Blue Earth Diagnostics ' creative goods and pipeline will considerably improve Bracco Imaging's portfolio of accuracy medicine and personalized diagnostics, while increasing its variety of products.
In April 2019, Varex Imaging Corporation has finished the takeover of Direct Conversion AB, a Stockholm-based major retailer and marketer of linear array digital sensors using photon counting and charge-integrating techniques. This purchase will extend the business to the distinct geographies and grow the industry, which will lead in an increase in business income.

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Competitive Analysis:

Europe nuclear imaging devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nuclear imaging devices market for Europe

Key Market Competitors:

Few of the major market competitors currently working in the Europe nuclear imaging devices market are Siemens, GENERAL ELECTRIC COMPANY, Digirad Corporation., Agfa-Gevaert Group.,  Neusoft Corporation, Hologic, Inc., Med-X. , Segamicorp, CANON MEDICAL SYSTEMS CORPORATION, SurgicEye GmbH,  Mediso Ltd., CMR Naviscan., DDD-Diagnostic A/S,  Bartec Technologies Ltd., Southwestern Imaging Systems and Services, LANDAUER, Ashby Gorman Baker Ltd and BERTHOLD TECHNOLOGIES GmbH & Co. KG, Incom, Inc. among others.