European nuke med market could triple

AuntMinnie.com staff writers
Jan 24, 2010

A new study from U.K. market research firm GlobalData predicts the nuclear imaging equipment market in Europe could reach $1.4 billion by 2015.

With a projected growth rate of 16%, the forecast would triple the study's estimated market value of $489.9 million in 2008.

SPECT/CT and PET/CT are expected to propel the growth with increased utilization and enhanced technology, GobalData said. Approximately 60% of demand will come from healthcare facilities making their first purchases of nuclear medicine systems.

The study also showed that GE Healthcare of Chalfont St. Giles, U.K.; Philips Healthcare of Andover, MA; and Siemens Healthcare of Erlangen, German, hold the largest market shares in nuclear medicine in Europe.

Related Reading

Study: U.S. mammo market to grow 3.6%, October 2, 2009

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

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

Study: European CT market growing, September 11, 2007

Copyright © 2010 AuntMinnie.com

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