PET drives growth in nuclear medicine market

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.

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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IMV reports nuclear medicine growth, July 24, 2006

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