Nuclear Medicine Equipment Market by Product (Imaging: PET, SPECT, Gamma; GM Counter, Dose Calibrator), Software (Image Management, PACS, Treatment, Analytic, Workflow), Therapy (Onco, Cardio, Neuro, Ortho), End User & Region - Global Forecasts to 2030
The nuclear medicine equipment market was valued at USD 6.63 billion in 2025 and is estimated to reach USD 8.31 billion by 2030, registering a CAGR of 4.62% during the forecast period. The growing prevalence of chronic diseases such as cancer and cardiovascular disorders, as well as the rising demand for early and accurate diagnostic imaging, are driving market growth in nuclear medicine equipment.
Scope of the Report
Years Considered for the Study
2024-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD billion)
Segments
Product Type, Therapeutic Area, Dimension, End User, Region
Regions covered
North America, Europe, APAC, LATAM, MEA
Furthermore, increased awareness of personalized medicine, expanded applications of radiotheranostics, supportive government initiatives, and improved access to radiopharmaceuticals are all contributing to market growth. Technological innovations, such as AI integration and mobile/remote access, will improve diagnostic efficiency and create significant opportunities for market players.
The 3D segment dominated the nuclear medicine equipment market, by dimension, in 2024.
Based on dimension, the 3D segment is expected to hold the largest share of the nuclear medicine equipment market in 2024. This is due to the superior imaging capabilities of 3D systems, which provide higher spatial resolution, greater anatomical detail, and more accurate localization of lesions than 2D imaging. These benefits are especially useful in oncology, cardiology, and neurology, where accurate visualization is essential for diagnosis, staging, and treatment planning. The growing adoption of advanced modalities such as PET/CT and SPECT/CT, which provide 3D imaging by default, combined with rising demand for quantitative imaging and personalized treatment approaches, contributes to the 3D segment's dominance.
The North American market accounted for the largest share in the nuclear medicine equipment market in 2024.
The North American market dominated the nuclear medicine equipment market in 2024. This dominance is accelerated by various factors such as advanced healthcare infrastructure and the widespread use of nuclear medicine procedures. The US National Academies (NCBI) report that nearly 20 million nuclear medicine procedures using radiopharmaceuticals and imaging instruments are carried out annually in the US alone, with increasing growth in hybrid PET/CT and SPECT/CT systems. Moreover, the rise in chronic diseases, especially cancer, which is predicted to account for over 2 million new cases and 6,12,000 deaths in the US by 2024, makes early and accurate diagnosis technologies even more crucial in North America. The main factors contributing to North America's dominance in the global nuclear medicine equipment market are favorable reimbursement policies, substantial R&D spending by both the public and private sectors, and the presence of major industry players such as GE Healthcare, Siemens Healthineers, and Cardinal Health.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the nuclear medicine equipment marketplace.
The breakdown of primary participants is as mentioned below:
By Company Type - Tier 1 (41%), Tier 2 (31%), and Tier 3 (28%)
By Designation - C-level (44%), Directors (31%), and Others (25%)
By Region - North America (45%), Europe (28%), Asia Pacific (20%), Latin America (4%), Middle East & Africa (3%)
Key Players in the Nuclear Medicine Equipment Market
Prominent players in the nuclear medicine equipment market include Hermes Medical Solutions (Sweden), DOSIsoft (France), Segami Corporation (US), GE HealthCare (US), Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), Mirion Technologies, Inc. (US), Comecer S.p.A. (Italy), Syntermed (US), UltraSPECT Inc. (US), LabLogic Systems Ltd. (UK), Mediso Ltd. (Hungary), CANON MEDICAL SYSTEMS CORPORATION (Japan), Catalyst Medtech (US), Lemer Pax (France), Spectrum Dynamics Medical (US), Neusoft Medical Systems Co., Ltd. (China), Brainlab AG(Germany), Mirada Medical(UK), Trasis (Belgium), SOFIE (US), ITM Isotope Technologies Munich SE (Germany), Positrigo AG (Switzerland), PAIRE (France).
Players adopted organic as well as inorganic growth strategies such as product launches and enhancements, and investments, partnerships, collaborations, joint ventures, funding, acquisition, expansions, agreements, contracts, and alliances to increase their offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.
The study includes an in-depth competitive analysis of these key players in the nuclear medicine equipment market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report studies the nuclear medicine equipment market based on product type, therapeutic area, dimension, end user, and region.
The report analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth.
The report evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders.
The report studies micro-markets with respect to their growth trends, prospects, and contributions to the total nuclear medicine equipment market.
The report forecasts the revenue of market segments with respect to five major regions.
Reasons to Buy the Report
The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or a combination of the following five strategies.
This report provides insights into the following pointers:
Analysis of key drivers (rising prevalence of cancer and cardiovascular diseases, technological advancements in hybrid imaging systems, growing demand for personalized medicines and theranostics), restraints (high cost of nuclear medicine equipment and imaging procedures, limited availability and short shelf-life of radiopharmaceuticals), opportunities (development of novel radiotracers and targeted imaging agents, integration of AI and data analytics in imaging workflows), and challenges (stringent regulatory approval processes for equipment and radiopharmaceuticals, shortage of skilled nuclear medicine professionals, radioactive waste management and safety concerns) influencing the industry macro dynamics of nuclear medicine equipment market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the nuclear medicine equipment market.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various types of nuclear medicine equipment across regions.
Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the nuclear medicine equipment market.
Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the nuclear medicine equipment market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.1.1 SECONDARY RESEARCH
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY RESEARCH
2.1.2.1 Primary sources
2.1.2.2 Key data from primary sources
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Insights from primary experts
2.2 RESEARCH METHODOLOGY
2.3 MARKET SIZE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 MARKET SHARE ESTIMATION
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 OVERVIEW OF NUCLEAR MEDICINE EQUIPMENT MARKET
4.2 ASIA PACIFIC: NUCLEAR MEDICINE EQUIPMENT MARKET, BY THERAPEUTIC AREA
4.3 GEOGRAPHIC SNAPSHOT OF NUCLEAR MEDICINE EQUIPMENT MARKET
4.4 NUCLEAR MEDICINE EQUIPMENT MARKET: REGIONAL MIX
4.5 NUCLEAR MEDICINE EQUIPMENT MARKET: DEVELOPED VS. EMERGING MARKETS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rapid expansion of theranostics
5.2.1.2 Technological advancements in hybrid imaging modalities
5.2.1.3 Favorable government support and expanding healthcare infrastructure
5.2.1.4 Advancements in radiotracers and radiopharmaceuticals
5.2.1.5 Integration of AI into nuclear medicine equipment
5.2.2 RESTRAINTS
5.2.2.1 Capital-intensive nature of equipment
5.2.2.2 Short half-life of radiopharmaceuticals
5.2.2.3 High maintenance and operational costs
5.2.2.4 Shortage of trained personnel
5.2.3 OPPORTUNITIES
5.2.3.1 Growing preference for personalized and precision medicine
5.2.3.2 Telemedicine and cloud-native platforms & mobile/remote imaging capabilities
5.2.4 CHALLENGES
5.2.4.1 Global isotope supply chain instability
5.2.4.2 Cybersecurity and data privacy issues in imaging IT
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 INDUSTRY TRENDS
5.4.1 SHIFT TOWARD HYBRID AND MULTI-MODALITY IMAGING SYSTEMS
5.4.2 ADVANCEMENTS IN DETECTOR TECHNOLOGIES AND IMAGE QUALITY
5.4.3 GROWING DEMAND FOR COMPACT AND VERSATILE SYSTEMS
5.4.4 INTEGRATION OF ARTIFICIAL INTELLIGENCE AND AUTOMATION
5.4.5 CONNECTIVITY AND CLOUD-ENABLED WORKFLOWS
5.5 PRICING ANALYSIS
5.5.1 INTRODUCTION
5.5.2 INDICATIVE PRICE OF NUCLEAR MEDICINE EQUIPMENT, BY KEY PLAYER
5.5.3 INDICATIVE PRICE OF NUCLEAR MEDICINE EQUIPMENT, BY REGION
5.5.4 AVERAGE SELLING PRICE OF NUCLEAR CARDIOLOGY REPORTING SOFTWARE
5.5.5 PRICING MODELS
5.6 VALUE CHAIN ANALYSIS
5.7 ECOSYSTEM ANALYSIS
5.8 INVESTMENT AND FUNDING SCENARIO
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Hybrid imaging systems
5.9.1.2 Digital detection technology
5.9.1.3 Artificial Intelligence (AI) and advanced image reconstruction techniques
5.9.1.4 Time-of-Flight (TOF) technology
5.9.1.5 Solid-state detector technology
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Radiopharmaceutical development and theranostics
5.9.2.2 Advanced computing and big data analytics
5.9.2.3 Robotics and automated dose dispensing systems
5.9.3 ADJACENT TECHNOLOGIES
5.9.3.1 Magnetic Resonance Imaging (MRI) integration
5.9.3.2 Computed Tomography (CT) advancements
5.10 PATENT ANALYSIS
5.11 TRADE ANALYSIS
5.11.1 IMPORT DATA FOR HS CODE 901814
5.11.2 EXPORT DATA FOR HS CODE 901814
5.12 KEY CONFERENCES AND EVENTS, 2025-2026
5.13 CASE STUDY ANALYSIS
5.13.1 PRECISION IN NUCLEAR MEDICINE WITH NATIONAL STANDARD TRACEABILITY
5.13.2 MULTI-MODALITY IMAGE FUSION FOR IMPROVED DIAGNOSTICS
5.13.3 REMOTE CONSULTATION WITH CLOUD-BASED NUCLEAR MEDICINE ANALYSIS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 TARIFF DATA FOR HS CODE 901814
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.3 REGULATORY ANALYSIS
5.15 PORTER'S FIVE FORCES ANALYSIS
5.15.1 BARGAINING POWER OF SUPPLIERS
5.15.2 BARGAINING POWER OF BUYERS
5.15.3 THREAT OF NEW ENTRANTS
5.15.4 THREAT OF SUBSTITUTES
5.15.5 INTENSITY OF COMPETITIVE RIVALRY
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16.2 BUYING CRITERIA
5.17 END-USER ANALYSIS
5.17.1 UNMET NEEDS
5.17.2 END-USER EXPECTATIONS
5.18 BUSINESS MODEL
5.18.1 DIRECT EQUIPMENT SALES MODEL
5.18.2 SERVICE AND MAINTENANCE CONTRACTS
5.18.3 PAY-PER-SCAN (OR PAY-PER-USE) MODEL
5.18.4 EQUIPMENT LEASING AND FINANCING SOLUTIONS
5.18.5 INTEGRATED SOLUTIONS AND MANAGED SERVICES
5.18.6 SOFTWARE AND DATA ANALYTICS SUBSCRIPTION
5.19 IMPACT OF AI/GEN AI
5.19.1 INTRODUCTION
5.19.2 MARKET POTENTIAL OF AI/GEN AI
5.19.3 CASE STUDIES RELATED TO AI/GEN AI IMPLEMENTATION
5.19.3.1 AI-based low-dose PET image reconstruction
5.19.3.2 Dose-aware diffusion models for 3D low-dose PET
5.19.4 IMPACT OF AI/GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
5.19.4.1 Medical image analysis software
5.19.4.2 Radiology information systems
5.19.4.3 Clinical decision support systems
5.19.5 USER READINESS AND IMPACT ASSESSMENT
5.19.5.1 User readiness
5.19.5.1.1 User A: Hospitals
5.19.5.1.2 User B: Diagnostic imaging centers
5.19.5.2 Impact assessment
5.19.5.2.1 User A: Hospitals
5.19.5.2.2 User B: Diagnostic imaging centers
5.20 IMPACT OF 2025 US TARIFF - OVERVIEW
5.20.1 INTRODUCTION
5.20.2 KEY TARIFF RATES
5.20.3 PRICE IMPACT ANALYSIS
5.20.3.1 Capital equipment (cyclotrons, PET/SPECT systems)