The global molecular imaging market is projected to be worth USD 10.71 Billion by 2027, according to a current analysis by Emergen Research. The molecular imaging market is observing a rapid growth attributed to the rising occurrence of chronic diseases like cancer. Cancer significantly impacts the societal and economic growth in the US and worldwide and is a major contributor to the cost burden of disease. It has been anticipated that 1,806,590 new cancer cases are likely to be diagnosed in the US in 2020, and 606,520 deaths will occur owing to the disease.
Additionally, early cancer detection greatly increased survival prospects, which in turn fuels the molecular imaging business. One of the most important aspects in identifying cancer is raising awareness to encourage early diagnosis. Early illness detection depends on identifying possible cancer warning signs and taking quick action.
Using big data analytics, large data sets, including structured, unstructured, and semi-structured data, are obtained, managed, and processed from a variety of sources, including networks, mobile devices, sensors, video/audio, transactional applications, and web and social media. The technology’s quick and accurate decision-making, dependable business intelligence, and improved modelling and forecasting of future business outcomes are helping organisations all over the world.
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Our report contains current and latest market trends, market shares of companies, market forecasts, competition benchmarking, competition mapping and an in-depth analysis of the most important sustainability tactics and their impact on market growth and competition. To estimate quantitative aspects and segment the global Molecular imaging market , we used a recommended combination of top-down and bottom-up approaches.
Competitive Landscape
The big data analytics in the retail market is fragmented. The growth of e-commerce, online shopping, and high competition for customer loyalty, provides lucrative opportunities in big data analytics in the retail market. Overall, the competitive rivalry among existing competitors is high. Moving forward, different kind of innovation strategies of large companies boosting the market growth effectively. Some of the key developments in the area are: Canon Inc., Digirad Corporation, General Electric Company, PerkinElmer Inc., Siemens Healthineers Inc., Bruker Corporation, Cardinal Health, Thermo Fisher Scientific, Advanced Accelerator Applications, and DDD-Diagnostics A/S, among others.
Some Key Highlights from the Report :
Diagnostics centers are projected to grow at the fastest rate in the forecast period. Diagnostic centers are fitted out with the requisite molecular imaging system and specialist staff, as well as healthcare personnel, for assisting in the process of detecting diseases in individuals displaying specific symptoms.
The molecular imaging market in the North American region held the largest market share in 2019, owing to the high adoption of advanced imaging technologies, a rising incidence of cancer, established healthcare infrastructure, and undertaking of various initiatives to create awareness about chronic diseases.
In July 2019, Bruker Corporation made an announcement about the acquisition of PMOD Technologies LLC, with an emphasis on pharmacokinetic modeling and molecular quantification. The PMOD software finds extensive usage in the analysis of PET studies in cardiology, neurology, and oncology, including research related to molecular imaging.
The advantage of MRI is that it can image soft body tissue regions that can occasionally be challenging to see with other imaging modalities. Some tumours can be easily detected and located using MRI. Additionally, the best molecular imaging method for brain and spinal cord tumours is an MRI with contrast dye.
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The report also studies the key companies of the Molecular imaging market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Key questions answered in the report:
Which are the five top players of the Molecular imaging market ?
How will the Molecular imaging market change in the next five years?
Which product and application will take a lion’s share of the Molecular imaging market ?
What are the drivers and restraints of the Molecular imaging market ?
Which regional market will show the highest growth?
What will be the CAGR and size of the Molecular imaging market throughout the forecast period?
Emergen Research has segmented the global molecular imaging market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Positron Emission Tomography
- Single Photon Emission Computed Tomography
- Magnetic Resonance Imaging
- Computed Tomography
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oncology
- Cardiovascular Diseases
- Neurology
- Respiratory Diseases
- Others
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
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Why should you buy this Molecular imaging market report?
The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
By identifying the high-improvement locations, the study inspects the open entryways, keeping an eye out for accomplices.
It examines each submarket in terms of a single improvement design and its contribution to the market.
It examines the recent developments, such as advancements, business strategies, new product releases, and acquisitions.
It purposefully profiles the major market players and thoroughly investigates their advancement strategies.
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