China Nuclear Imaging Market - Growth, Trends, and Forecast (2019 - 2024)

June 2019 •
107 pages •
Report ID: 5786680 •
Format: PDF

Summary
Table of contents
Search Inside

Market Overview
The China Nuclear Imaging market is expected to reach a market size of USD 747.80 million by 2024, with an anticipated CAGR of 9.45% during the forecast period. The recent years have observed a significant growth in the application of nuclear medicine and imaging. Rising prevalence of bone diseases and cancer in China along with the technological advancements in the field of diagnostics are expected to drive the growth of the market over the forecast period. Cancer burden and mortality are high in China. As per the latest 2018 report published by WHO, a total number of new cancer cases in China, including both the sexes and all ages, were found to be 4,285,033, whereas the number of deaths was reported to be 2,865,174. Government support in terms of funding also contributes to the growth of the radiopharmaceuticals market in China. However, there are certain factors that are hindering the growth of the market such as the shorter half-life of radiopharmaceuticals and high cost of the techniques.

Scope of the Report
As per the scope of the report, Nuclear medicine imaging procedures are non-invasive and, with the exception of intravenous injections, are usually painless medical tests that help physicians diagnose and evaluate medical conditions. These imaging scans use radioactive materials called radiopharmaceuticals or radiotracers.

Key Market Trends
PET equipment is expected to grow with a significant CAGR

PET equipment segment covers stand-alone PET, Hybrid PET/CT, Hybrid PET/MRI, PET infusion systems, as well as cyclotrons used to produce short-lived radioisotopes on site. A positron emission tomography (PET) scan is an imaging test that allows the doctor to detect diseases in one’s body. A PET scan is majorly used in oncology applications. The China Society of Nuclear Medicine was established in 1980. Since then, nuclear medicine has developed rapidly in China. According to the Chinese Society of Nuclear Medicine, there were 240 PET/CT and six PET/MR equipment. In 2015, which increased to a total of 306 PET scanners by 2017. Also, there are more than 900 departments of nuclear medicine, in China, that are actively running, and about more than one million patients receive nuclear medicine imaging examinations, per year, across the country. Further, with the government’s support, the Chinese nuclear imaging market is expected to grow, in the future.

Competitive Landscape
The market comprises of major market players and these players are moreover focusing on research and development to strengthen their position in the market. The market has been noticing technological developments on a large scale for the past couple of years. Some of the market players are Bayer AG, Bracco Imaging SpA, Canon Inc., Cardinal Health Inc., China Isotope & Radiation Corporation (CIRC), Curium Pharma, GE Healthcare, Global Medical Solutions Ltd, Koninklijke Philips NV, Siemens Healthineers, Yantai Dongcheng Pharmaceutical Group Co. Ltd.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager