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Molecular Imaging Market Share Estimated to Reach US$ 7.3 Billion with an 8.1% CAGR by 2026; Increasing incidence of cancer, cardiovascular, and neurological diseases are expected to drive the market growth

October 1st, 2021 Coherent Market Insights Releases

Global Molecular Imaging Market Analysis

Overview

Molecular imaging technology use image sensors to characterize and monitor biochemical mechanisms at the molecular and cellular levels. A more customized method to evaluating and managing cardiovascular disease problems such as atherosclerosis, cardiac arrest, ischemia damage, thrombosis, and left ventricular remodeling is possible with molecular imaging. For several forms of cancer, especially breast, lung, and gastrointestinal cancers, the technique has become an essential element of standard therapy.

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An imaging equipment and an imaging agent or probe are used in the majority of molecular imaging techniques. To view cell functions, such as blood flow, oxygen usage, and metabolic chemical processes, a number of imaging agents are utilized. Radiotracers are imaging agents that include a radiation atom or isotope and are employed in nuclear medicine, a form of molecular imaging. Optical imaging and molecular ultrasound, for example, employ a number of distinct molecular imaging modalities. Without the use of an imaging agent, mass spectrometry may detect chemical levels in the body.

The global molecular imaging market was worth US$ 3.8 billion in 2017 and is anticipated to grow at an annual rate of 8.1 percent from 2018 to 2026.

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Drivers

The rising prevalence of illnesses such as cardiac, oncology, inflammation, and brain disorders is fueling demand for molecular imaging, which is projected to drive growth of the global molecular imaging market over the forecast period. With the growing elderly population throughout the world, these illnesses are becoming more common. As per the American Heart Association’s 2015 figures, around 2 million individuals in the U.S. die each year from cancer and cardiovascular disease.

Medical imaging is used to diagnose and treat certain illnesses early on. Novel molecular imaging modalities for solid tumors, such as ultrasound, PET-CT, and MRI, can help with earlier and more precise diagnosis and treatment, which is necessary. In the assessment of dementia, molecular imaging is very essential. Researchers are looking at using new neuroimaging probes, such as FDDNP and amyloid markers, to identify aberrant plaques and tangles associated with Alzheimer’s disease, as per the Society of Nuclear Medicine and Molecular Imaging.

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• Current and future of global Molecular Imaging market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Restraints

All molecular imaging methods have major drawbacks, which is expected to hinder growth of the global molecular imaging market. When operating at visible wavelengths, optical imaging lacks penetrating depth. The absorption and diffraction are used to determine molecular structure using depth of penetration. Furthermore, neither optical imaging nor ultrasound can provide whole-body imaging. Although MRI allows for limitless depth penetration and whole-body imaging, it is more expensive than other imaging modalities. Owing to the hazardous radiation that PET-CT imaging emits, it is not advised for all patients. It is not suited for pregnant women, for example, since the radiation may damage the fetus.

Regional Analysis

Due to the well-established medical systems that include all molecular imaging techniques in various regions of the globe, the North American molecular imaging market is projected to account for a significant revenue share. The rising public awareness of health issues, along with the incidence of numerous diseases such as cardiovascular, cancer, and brain problems, is driving demand for molecular imaging. As per the Alzheimer’s Association, over 5 million people in the U.S. were diagnosed with Alzheimer’s disease in 2017, making it the sixth-leading cause of death in the country. According to the Centers for Disease Control and Prevention (CDC), about 610,000 fatalities in the U.S. were recorded in 2016 due to cardiac failure and other heart illnesses. With suitable diagnostic and imaging technologies, this rate may be reduced, resulting in possibilities for the global molecular imaging market to develop.

Due to increased healthcare investment from government and private organizations to create technologically sophisticated medical systems to meet the need of an expanding population suffering from different ailments, the Asia Pacific molecular imaging market is expected to grow at the fastest CAGR. In addition, factors such as an ageing population, urbanization, and chronic illnesses are driving the need for better diagnostic care in the region. As per the International Association of Cancer Registries, Asia recorded over 600,000 new breast cancer breast cancer cases in 2012, contributing for 39 percent of all breast cancer cases confirmed globally.

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Competitive Landscape

Major companies contributing in the global molecular imaging market are Hologic, Inc., Hitachi Ltd, GE Healthcare, Fujifilm Holdings Corporation, Carestream Health, Toshiba Medical Systems Corporation, Shimadzu Corporation, Samsung Madison, Philips Healthcare, and Siemens AG.

In order to meet urgent medical imaging demands, several companies in the global medical imaging devices market are concentrating on increasing picture quality.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Product Recalls
    • Reimbursement
    • Technology Advancements
    • Value Chain Analysis
    • Regulatory Landscape
    • Major Brand Analysis
    • PEST Analysis
    • Porter’s Five Forces
  4. Global Molecular imaging Market, By Technology, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Gamma Camera
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Single Photon Emission Computed Tomography (SPECT)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Positron Emission Tomography (PET)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Magnetic Resonance Spectroscopy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Optical Imaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Molecular Ultrasound Imaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Molecular imaging Market, By Application, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Heart Disease
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Brain Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Gastrointestinal Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Lung Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Bone Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Molecular imaging Market, By End User, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Diagnostic Imaging Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Molecular imaging Market, By Region, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Technology, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

Other Exclusive Reports:

Mobile Imaging Services Market

Intraoperative Imaging Market

Orthopedic Imaging Market

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

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