PRN: Marketsandmarkets: Global PET and SPECT Market is Expected to Reach $1,466 Million by 2016
Marketsandmarkets: Global PET and SPECT Market is Expected to Reach $1,466 Million by 2016
DALLAS, October 26, 2011 /PRNewswire/ --
The report "PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography) Global Market (Technology and Applications) (2011-2016) [ http://www.marketsandmarkets.com/Market-Reports/pet-market-98.html ]" analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, Japan, and Rest of the World.
Browse market data tables and in-depth TOC onÂ PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography) Global Market (Technology and Applications) (2011-2016).
This report studies the global PET and SPECT market [ http://www.marketsandmarkets.com/Market-Reports/pet-market-98.html ] divided into standalone (PET and SPECT) and hybrid variants (PET/CT and SPECT/CT) over the forecasted period (2011-2016).
PET holds the largest share (53.6%) of the PET-SPECT market, dominated by PET/CT holding the share of 95% in the PET modality. Standalone PET is declining continuously and the market will be taken over by PET/CT by 2017. SPECT/CT is driving the SPECT market.
Reimbursement will be a major factor to determine the future of the nuclear imaging industry. There would be delays in reimbursement procedures if the economic recession is observed. Besides, reimbursement will determine the respective technology used for the concerned application.
Developed nations are driving the SPECT/CT market, SPECT/CT being a new technology with low market penetration. The PET/CT market is driven by APAC (excluding Japan) and Rest of the World, where the companies can expand their presence, growing at a higher single digit growth rate. Developing nations have to be robust in terms of infrastructure to support the growth of PET technology.
Majority of end users of nuclear medicine are hospitals as adequate capital leverage and sufficient space are more readily available there. The share of hospitals has been increasing year after year; in the year 2003 it was 70% while in 2010 it became 95%.
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