Hybrid Imaging Market Research Report covers the present scenario and the growth prospects of the Hybrid Imaging Industry for 2017-2021. Hybrid Imaging Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Hybrid Imaging globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Hybrid Imaging Market:
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
Other Prominent Vendors of Hybrid Imaging Market Are:
- Advanced Accelerator Applications
- AGFA Healthcare
- BC Technical
- Cardinal Health
- Carestream Health
- CMR Naviscan
- Eczacibasi-Monrol Nuclear Products
- FUJIFILM Holdings
- IBA Molecular
One trend in market is emergence of time of flight-hybrid image systems. The emergence of time of flight-PET/CT systems is expected to have a positive impact on the market growth, owing to its increased advantages over conventional systems. For instance, conventional PET scanners produce images by observing gamma rays created by radioisotopes injected into the body. On the other hand, time of flight-PET scans measure the time difference between the two rays, which substantially improves the images produced by the scan. Time of flight-PET systems incorporate fast photomultipliers, modern electronics, scintillators with high density, and faster computing power for image reconstruction. This helps in producing accurate and high-quality images for better diagnosis of chronic conditions. The system allows physicians to measure tumor metabolism, which reflects tumor aggressiveness. These systems find applications in the areas of oncology such as lung, esophageal, colon, head and neck cancer, melanomas, and brain tumors. One of the advanced time of flight PET system is Toshiba’s Celesteion, which features 450 ps time of flight resolution. Such advanced systems will have a positive impact on the market growth.
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According to the report, one driver in market is growing adoption of PET/CT hybrid imaging. The market witnesses a growing adoption of PET/CT hybrid imaging technology, owing to its advantages such as early diagnosis, accurate disease staging, and effective response to the treatment of chronic conditions such as cancer. The combined PET/CT scans provide images that pinpoint the anatomic location of metabolic activity of an individual. Also, PET/CT is the gold standard for oncology imaging and vendors are improving the technological capabilities of PET/CT hybrid imaging system. This will further improve the adoption rates worldwide. Some of the new technological capabilities include more precise measurement for better differentiation and measurement of tumors, increased data storage capabilities for oncologists to track tumor developments, and less patient movement. Vendors are also providing low-cost PET/CT hybrid imaging systems like the PET/CT machines at around $1.2 million-$2.3 million. Such advantages increase the adoption rate of PET/CT hybrid imaging systems. Also, PET/CT represents one of the medical imaging modalities with the largest growth.
Report also presents Geographical Segmentation analysis of Hybrid Imaging Market of Americas, APAC, EMEA region.
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Further, the report states that one challenge in market is high-cost of hybrid imaging devices coupled with limited reimbursements. The high-cost of hybrid imaging devices will not only hinder the adoption rates but will also drive the physicians to opt for low-cost conventional imaging systems. For instance, the cost of SPECT gamma camera ranges from $0.4 million to $0.6 million, while a PET/CT scanner costs about $2 million. Also, the SPECT/CT machines come with high price tags, which limit the adoption rates, particularly in emerging economies. Another issue for low adoption of SPECT/CT is the lack of CMS reimbursements. Also, the high-cost of hybrid systems allows physicians to adopt low-cost standalone systems. For instance, the cost of a standalone PET scan ranges from $3,000 to $6,000, and the cost of a CT scan ranges from $1,200 to $3,200. A large population in APAC, especially in countries such as India and China, will provide a sizeable demand for PET/CT scanners. However, the high cost of PET scanners can reduce the adoption rate even further, thereby affecting the growth of the market.
Key questions answered in Hybrid Imaging market report:
- What will the Hybrid Imaging market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Hybrid Imaging market?
- What are the challenges to Hybrid Imaging market growth?
- Who are the key vendors in Hybrid Imaging market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 91
Price of Report: $ 3500 (Single User License)
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