North America SPECT Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hybrid SPECT (SPECT-CT and SPECT-MR) and Standalone SPECT), Radioisotope Type (Iodine-123, Technetium-99m, Xenon-133, Thallium-201, Radium-223, Gallium-66, and Other Radioisotopes), Application (Seizures, Stroke, Stress Fractures, Infections, Tumors, and Others), and End User (Hospitals, Imaging Centers, and Others)
The SPECT equipment market in North America is expected to grow from US$ 677.68 million in 2021 to US$ 935.36 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Increasing prevalence of atherosclerotic CVD in several countries is the ongoing change in nutrition patterns and thus, affecting the people adversely. SPECT equipment is mainly used by doctors to diagnose coronary artery disease. Myocardial perfusion imaging (MPI) using nuclear cardiology techniques has been widely applied in clinical settings because of its well-documented value in the diagnosis and prognosis of coronary artery disease. The half-life of technetium-99m, the radiotracer used for SPECT is around six hours, which means technologists/radiologists have ample time to perform the imaging that is required. This is how they are able to perform nuclear stress tests. SPECT is much more widely available than PET. It is more affordable, with the average camera costing between US$ 400,000 and US$ 600,000. Owing to its widespread use, there is an availability of more trained technologists in this field. The longer half-life of the SPECT radiotracer makes it more widely available and ideal for cardiac stress testing. The rising improvements in radiotracer and camera technology are expected to boost the image quality, helping to overcome a common SPECT complaint. It has been commonly reported that SPECT resolution is at 12 mm to 15 mm, and images can be prone to attenuation on older cameras. So, increasing growth of cardiovascular diseases in several economies is expected to drive the SPECT equipment market.
Countries falling under North America were highly impacted by Covid-19 in the initial stages, i.e., during the first wave, and impacted the U.S. SPECT equipment market. As per the Society of Nuclear Medicine and Molecular Imaging (SNMMI), nearly 80% of respondents saw declines of 50%-75% in nuclear medicine imaging procedures. In the U.S., due to an increasing number of infected patients and lethal Coronavirus variants, the diagnostic and imaging activities had come to an end for an extended period during the pandemic. Thus, overall diagnosis of chronic diseases with SPECT equipment got delayed and hampered the North American SPECT equipment market. Therefore, the COVID-19 has a potential economic impact on most sectors, including oncology procedures. The pandemic has hindered cancer diagnosis and surgeries and is likely to impact the market negatively. For instance, in 2020, Breastcancer.org conducted a survey in 534 patients in the U.S., which revealed that around 31.7% of people who had been diagnosed with breast cancer reported a delay in care; of these people, 22% reported delayed in screening, and 9.3% reported a delay in treatment due to COVID-19. As a result, more cases of advanced cancers are expected in coming years due to delayed diagnosis, such as preventative screening and postponed medical appointments, in the coming years. The SPECT Equipment market in the U.S. is expected to witness modest growth driven by an aging population, increases in health risk factors like poor lifestyle, and the adoption of new technology due to favorable regulatory changes. However, the overall market expansion will be hindered by a saturated installed base of large imaging systems and the consolidation of hospitals. Also, the pandemic has dramatically affected the activities in radio isotopes field globally. In many radio pharmacy labs, diagnostic imaging tests are quantitatively reduced, and certain imaging centers reduce their test procedures to a significant extent. Thus, the market for SPECT Equipment region is expected to witness negative growth for a certain period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SPECT equipment market. The North America SPECT equipment is expected to grow at a good CAGR during the forecast period.
North America SPECT Equipment Market Revenue and Forecast to 2028 (US$ Million)
North America SPECT Equipment Market Segmentation
North America SPECT Equipment Market – By Type
- Hybrid SPECT
- SPECT-CT
- SPECT-MR
- Standalone SPECT
North America SPECT Equipment Market – By Radioisotopes
- Iodine-123
- Technetium-99m
- Xenon-133
- Thallium-201
- Ra-223
- Ga-66
- Other Radioisotopes
North America SPECT Equipment Market – By Application
- Seizures
- Stroke
- Stress Fractures
- Infections
- Tumors
- Others
North America SPECT Equipment Market – By End User
- Hospitals
- Imaging Centers
- Others
North America SPECT Equipment Market- By Country
- US
- Canada
- Mexico
North America SPECT Equipment Market-Companies Mentioned
- Bracco Imaging S.p.A.
- Bruker Corporation
- Cardinal Health, Inc
- Curium
- Lantheus Medical Imaging Inc.
- Mediso Ltd.
- MiE GmbH
- NTP RADIOISOTOPES
- Star Equity Holdings Ltd.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America SPECT Equipment Market – By Type
1.3.2 North America SPECT Equipment Market – By Radioisotope Type
1.3.3 North America SPECT Equipment Market – By Application
1.3.4 North America SPECT Equipment Market – By End User
1.3.5 North America SPECT Equipment Market– By Country
2. North America SPECT Equipment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America SPECT Equipment Market– Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. SPECT Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Incidence of Cardiovascular Diseases
5.1.2 Advancements in Analysis of Tumor Imaging
5.2 Market Restraints
5.2.1 High Cost
5.3 Market Opportunities
5.3.1 Recent Advances in SPECT Cameras
5.4 Future Trends
5.4.1 Restructuring the algorithm permits the technology to exhibit conclusive and detailed information
5.5 Impact Analysis
6. SPECT Equipment Market– North America Analysis
6.1 North America SPECT Equipment market Revenue Forecasts and Analysis
7. North America SPECT Equipment Market Analysis – By Type
7.1 Overview
7.2 North America SPECT Equipment Market by Type, 2021 & 2028 (%)
7.3 Hybrid SPECT Market
7.3.1 Overview
7.3.2 Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
7.3.3 SPECT-CT Market
7.3.3.1 Overview
7.3.3.2 SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)
7.3.4 SPECT- MR Market
7.3.4.1 Overview
7.3.4.2 SPECT- MR Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Standalone SPECT Market
7.4.1 Overview
7.4.2 Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
8. North America SPECT Equipment Market Analysis – By Radioisotope Type
8.1 Overview
8.2 North America SPECT Equipment Market by Radioisotope Type, 2021 & 2028 (%)
8.3 Iodine-123
8.3.1 Overview
8.3.2 Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Technetium-99m
8.4.1 Overview
8.4.2 Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Xenon-133
8.5.1 Overview
8.5.2 Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Thallium -201
8.6.1 Overview
8.6.2 Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Ra -223
8.7.1 Overview
8.7.2 Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)
8.8 Ga-66
8.8.1 Overview
8.8.2 Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)
8.9 Other Radioisotopes
8.9.1 Overview
8.9.2 Other Radioisotope Type Market Revenue and Forecasts to 2028 (US$ Mn)
9. North America SPECT Equipment Market Analysis – By Application
9.1 Overview
9.2 North America SPECT Equipment Market by Application, 2021 & 2028 (%)
9.3 Seizures
9.3.1 Overview
9.3.2 Seizures Market Revenue and Forecasts to 2028 (US$ Mn)
9.4 Stroke
9.4.1 Overview
9.4.2 Stroke Market Revenue and Forecasts to 2028 (US$ Mn)
9.5 Stress Fractures
9.5.1 Overview
9.5.2 Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)
9.6 Infections
9.6.1 Overview
9.6.2 Infections Market Revenue and Forecasts to 2028 (US$ Mn)
9.7 Tumors
9.7.1 Overview
9.7.2 Tumors Market Revenue and Forecasts to 2028 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
10. North America SPECT Equipment Market Analysis – By End User
10.1 Overview
10.2 North America SPECT Equipment Market BY End user, 2021 & 2028 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)
10.4 Imaging centers
10.4.1 Overview
10.4.2 Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
11. North America SPECT Equipment Market –Country Analysis
11.1 Overview
11.1.1 North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)
11.1.1.1 US: SPECT Equipment Market– Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.2 US: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)
11.1.1.1.2.1 US: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.1.3 US: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.1.4 US: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.1.5 US: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
11.1.1.2 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.2 Canada: SPECT Equipment Market, by Type, 2019–2028 (US$ Million)
11.1.1.2.2.1 Canada: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.2.3 Canada: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.2.4 Canada: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.2.5 Canada: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
11.1.1.3 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.2 Mexico: SPECT Equipment Market, by Type – 2019–2028 (US$ Million)
11.1.1.3.2.1 Mexico: SPECT Equipment Market, by Hybrid SPECT, 2019–2028 (US$ Million)
11.1.1.3.3 Mexico: SPECT Equipment Market, by Radioisotope Type, 2019–2028 (US$ Million)
11.1.1.3.4 Mexico: SPECT Equipment Market, by Application, 2019–2028 (US$ Million)
11.1.1.3.5 Mexico: SPECT Equipment Market, by End User, 2019–2028 (US$ Million)
12. Impact Of COVID-19 Pandemic on North America SPECT Equipment Market
12.1 Overview
13. North America SPECT Equipment Market–Industry Landscape
13.1 Overview
13.2 Organic Developments
13.2.1 Overview
13.3 Inorganic Developments
13.3.1 Overview
14. Company Profiles
14.1 Cardinal Health Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Curium
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Lantheus Medical Imaging, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Mediso Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 NTP RADIOISOTOPES
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Bracco Imaging S.p.A
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Star Equity Holdings, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Bruker Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 MiE GmbH
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. North America SPECT Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. US SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US SPECT Equipment Market, by Hybrid SPECT– Revenue and Forecast to 2028 (US$ Million)
Table 4. US SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. US SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico SPECT Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico SPECT Equipment Market, by Hybrid SPECT – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico SPECT Equipment Market, by Radioisotope Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico SPECT Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico SPECT Equipment Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Organic Developments in the SPECT Equipment Market
Table 18. Inorganic Developments in the SPECT Equipment Market
Table 19. Glossary of Terms, North America SPECT Equipment Market
LIST OF FIGURES
Figure 1. North America SPECT Equipment Market Segmentation
Figure 2. North America SPECT Equipment Market Segmentation, By Country
Figure 3. North America SPECT Equipment Market Overview
Figure 4. Hybrid SPECT Segment Held the Largest Share in 2028
Figure 5. US to Show Significant Growth During Forecast Period
Figure 6. North America PEST Analysis
Figure 7. North America SPECT Equipment Market Impact Analysis of Drivers and Restraints
Figure 8. North America SPECT Equipment Market – Revenue Forecasts and Analysis to 2028
Figure 9. North America SPECT Equipment Market, by Type 2021 & 2028 (%)
Figure 10. North America Hybrid SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. North America SPECT-CT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. North America SPECT-MR Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. North America Standalone SPECT Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. North America SPECT Equipment Market, by radioisotope type 2021 & 2028 (%)
Figure 15. North America Iodine-123 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. North America Technetium-99m Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. North America Xenon-133 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. North America Thallium-201 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. North America Ra-223 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. North America Ga-66 Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. North America Other Radioisotopes Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. North America SPECT Equipment Market, by Application 2021 & 2028 (%)
Figure 23. North America Seizures Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. North America Stroke Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. North America Stress Fractures Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. North America Infections Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. North America Tumors Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. North America SPECT Equipment Market, by End User 2021 & 2028 (%)
Figure 30. North America Hospitals Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. North America Imaging Centers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. North America Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. North America: SPECT Equipment Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34. North America: SPECT Equipment Market, by Country, 2021 & 2028 (%)
Figure 35. US: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Canada: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Mexico: SPECT Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in North American Country Markets
- Bracco Imaging S.p.A.
- Bruker Corporation
- Cardinal Health, Inc
- Curium
- Lantheus Medical Imaging Inc.
- Mediso Ltd.
- MiE GmbH
- NTP RADIOISOTOPES
- Star Equity Holdings Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America SPECT equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America SPECT equipment market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the SPECT equipment market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution