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.

    Related Reading

    Nuclear medicine market nears $300 million, February 26, 2008

    Study: DR catalyst for European x-ray market, January 25, 2008

    Report: Nuclear medicine patient visits drop in 2006, October 16, 2007

    Study: High growth for global imaging markets, September 7, 2007

    IMV reports nuclear medicine growth, July 24, 2006

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