PET drives growth in nuclear medicine market
Article Thumbnail ImageApril 30, 2008 -- The popularity of PET procedures is driving overall growth in the nuclear medicine market, but it will adversely affect the sales of conventional gamma/scintillation cameras in the coming years.
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That prediction comes from a new report from market research firm Global Industry Analysts, which also forecasts that the global market for gamma cameras and accessories will hit $913 million by 2010. Gamma camera sales are expected to make up $435 million of that amount, representing a dropping share of the overall nuclear medicine equipment market.

The San Jose, CA-based research firm cited Latin America and the Asia-Pacific region as the fastest-growing markets for nuclear medicine in this decade, with compound annual growth rates between 3% and 3.5% for the 10-year period of 2000 to 2010. The report notes that the U.S. accounts for approximately 57% of the global gamma/scintillation camera and accessories market.

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