The global molecular imaging market was capitalized for USD 4.9 Billion in 2019 and is estimated to reach USD 14.8 Billion by the end of 2025, developing at a compound annual growth rate (CAGR) of over 7.8% during the forecast period 2019–2025. Molecular imaging technology is a diagnostic imaging technique which offers the details regarding what is going inside the body at a cellular and molecular level compared to the other diagnostic imaging systems. This technique has a great potential for impacting the medicine by detecting the diseases in its early stages, helps to determine the severity of diseases, selecting personalized medicines, using targeted therapies or specific therapies and evaluating the cell-specific treatment effects.
Some of the key players in the market are Fujifilm Holdings Corporation, Carestream Health, GE Healthcare, Hologic, Inc., Hitachi Ltd., Siemens AG, Samsung Medison, Philips Healthcare, Toshiba Medical Systems Corporation and Shimadzu Corporation.
Increasing incidence of neurological, cardiovascular and cancer diseases to boost the global molecular imaging market
Increasing incidence of several diseases including cardiovascular, inflammatory, neurological and cancer diseases are propelling the demand for molecular imaging devices and is anticipated to drive the growth of molecular imaging market during the forecasted period. These diseases are continuously increasing with the growing geriatric population across the world. Another propelling factor for the market growth is the increasing requirement of novel contrast agents and digitization.
The global molecular imaging market is bifurcated on the basis of the technology, application, end-user, and regional analysis. Based on the technology, the market is divided into Gamma Camera, SPECT, PET, Magnetic Resonance Spectroscopy, Optical Imaging, Molecular Ultrasound Imaging and others. Based on the application, the market is divided into Oncology, Cardiology, Gastrointestinal Disorders, Neurology Disorders, Bone Disorders and others. Based on the end-user, the market is divided into Hospital & Clinics, Diagnostic Imaging Centers, Ambulatory Surgical Centers and others.
The Asia Pacific Region Expected to Witness fastest Growth in the Global Molecular Imaging Market
Based on the geographical analysis, the global molecular imaging market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The growth of the molecular imaging market across Asia Pacific region is due to the rising healthcare funding from the private organizations and government for developing technologically advanced medical devices for fulfilling the demand of growing population suffering from several diseases. Furthermore, trends such as rising aging population, increasing number of chronic diseases and urbanization enhanced the demand of improved diagnostic care in the region.
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The global molecular imaging market is segmented as follows:
• Gamma Camera
• Magnetic Resonance Spectroscopy
• Molecular Ultrasound Imaging
• Optical Imaging
• Gastrointestinal Disorders
• Bone Disorders
• Neurology Disorders
• Hospital & Clinics
• Ambulatory Surgical Centers
• Diagnostic Imaging Centers
• North America
o The U.S.
o The UK
o Rest of Europe
• Asia Pacific
o South Korea
o Southeast Asia
o Rest of Asia Pacific
• Latin America
o Rest of Latin America
• Middle East & Africa
o South Africa
o Rest of Middle East & Africa
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