Molecular Imaging Devices Market Industry Shares Report Analysis 2019-2027 – QbnNews

Molecular imaging is a breakthrough technology that was introduced to the medical diagnostics world in the early 21st century. Compared to X-ray technology, molecular imaging is a relatively new technique. It provides detailed valuable insights into bodys biological processes, at a molecular level. The onset of any disease results in various changes in a bodys biochemical activities. With disease progression, the changes start affecting more intensely, reaching bones, tissues, and cells. Molecular imaging technology has found immense significance in diagnostics by capturing these minute changes inside a body and diagnosing diseases in their earliest stages.

Molecular Imaging Devices Market: Advantages

The ability of molecular imaging to view biochemical activity of cells makes it superior to other conventional imaging methods such as compound tomology (CT) scan and magnetic resonance imaging (MRI). It allows doctors recognize the onset of the earliest symptoms of diseases without any invasive surgery or biopsy. With soaring prominence of chronic illnesses, such as cancers, bone disorders, CVDs, lung diseases, brain disorders, gastrointestinal ailments, kidney dysfunctioning, thyroid-related diseases, and so on, the demand for molecular imaging devices, for better and early diagnosis is growing worldwide.

Technological advancements, including robotics and Nano-biotechnology and growing demand for non-ionizing bio-imaging techniques, including CT and MRI scans play a key role in highlighting the significance of molecular imaging in diagnostics. As demand for highly accurate and most efficient imaging is rising, molecular imaging devices are gaining traction globally. In addition to being non-invasive, molecular imaging devices use minimal ionizing radiation and thus, least risk chances. Molecular imaging has opened doors to personalize patient care, which is the prime reason of its increasing popularity. Consistent innovation in technology and growing availability of these devices are currently fueling the market.

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Molecular Imaging Devices Market: Segmentation

Based on device type, molecular imaging devices include PET, PET-CT, SPECT, SPECT-CT, and planar scintillation cameras. Key application areas are cardiovascular ailments, oncology, and neurology. Other most common application segments include tumors, bone disorders, brain diseases, aneurysms, Parkinsons, Alzheimers, organ malfunctioning, and myocardial perfusion.

The global market for molecular imaging is geographically segmented in seven key regions, including North America, South America, Eastern Europe, Western Europe, Asia Pacific (APAC), Japan, and Middle East and Africa (MEA). North America, led by the U.S., is a key market for molecular imaging devices; the U.S. attracts the highest revenues globally. APAC is a promising market for all types of medical imaging devices, especially molecular imaging devices. China spearheads the APAC market, and will become a pivotal manufacturing hub for molecular imaging devices in the near future. Rapidly improving healthcare infrastructure and emergence of various competitive business models make China the fastest growing region in molecular imaging devices market.

The medical imaging landscape is highly competitive, and the molecular imaging marketplace poses much more cutthroat competition, as the technology is relatively new and the market is witnessing a number of new entrants. Some of the key players operating in global molecular imaging market are GE Healthcare, Siemens, Philips Healthcare, PerkinElmer, Cyclopharma, Hamamatsu Photonics, Affibody, Naviscanand Kereos, and Scintomics.

Key Players in the Molecular Imaging Devices Market

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Siemens is one of the top players in market, owing to its broad, advanced product portfolio that addresses multiple concerns, including oncology, neurology, radiology, and cardiology. The companys molecular imaging device portfolio includes PET/CT, SPECT, and hybrid SPECT scanner (SPECT/CT). GE Healthcare and Philips Healthcare are specifically focusing on R&D of advanced, innovative molecular imaging devices to gain a competitive edge. PerkinElmer is a leader in life sciences that shares a partnership with Sofie Biosciences, a renowned molecular imaging company. Recently, both the companies announced extension of their partnership in order to deliver the highest quality, most efficient pre-clinical imaging (in-vivo) devices for PET.

The report offers comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

The study is a source of reliable data on: Key market segments and sub-segments Evolving market trends and dynamics Changing supply and demand scenarios Quantifying market opportunities through market sizing and market forecasting Tracking current trends/opportunities/challenges Competitive insights Opportunity mapping in terms of technological breakthroughs

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg) Eastern Europe (Poland, Russia) Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand) Middle East and Africa (GCC, Southern Africa, North Africa)

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMRs reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Molecular Imaging Devices Market Industry Shares Report Analysis 2019-2027 - QbnNews