While the global gamma scintillation camera market is increasing due to more periodic diagnostic tests, the rising popularity of PET procedures may threaten that growth in traditional imaging areas, according to a new report from market research firm Global Industry Analysts (GIA).
The report noted that the gamma/scintillation camera market is actively contributing to the development of the nuclear medicine field and, as a result, has accomplished high levels of penetration and sophistication. However, those prosperous levels limit market opportunities for upgrades and after-market parts, which comprise more than half the equipment market.
The U.S. is the world's largest gamma/scintillation camera market, followed by Europe, according to the report. The Asia-Pacific area has emerged as the fastest-growing region, achieving a compounded annual growth rate of 2.2%.
The economic resurgence, improving healthcare scenario, and rising personal disposable incomes present opportunities for medical technology companies to capitalize in underpenetrated markets, GIA concluded.
