Global Market Size, Forecast, and Trend Highlights Over 2025-2037
SPECT Scanning Services Market size was over USD 2.5 billion in 2024 and is poised to exceed USD 7.13 billion by 2037, growing at over 8.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of spect scanning services is evaluated at USD 2.68 billion.
The growth of the market is primarily attributed to the rapidly increasing prevalence of chronic diseases and conditions across the globe. For instance, the global prevalence of chronic diseases was rose around 58% by the end of 2020.
SPECT scanners are crucial components of medical diagnostic equipment. SPECT scanning services are used for a broad range of therapeutic and diagnostic purposes. A single-photon emission computed tomography (SPECT) scan allows a doctor to examine internal organs, tissues, and bones by using a specialized camera and a radioactive substance that deliver 3D images. Physicians rely on SPECT scanners as they deliver results with a high accuracy rate. For instance, SPECT has a responsivity of 93%, a specificity of 100%, a positive accuracy of 92%, and a negative predictability of 55% for diagnosing Alzheimer's dementia.
Global SPECT Scanning Services Market: Growth Drivers and Challenges
Growth Drivers
- Worldwide Growing Prevalence of Cancer - Cancer is any of a variety of illnesses characterized by the uncontrollable division of abnormal cells with the ability to penetrate and destroy normal body tissue. Cancer has the potential to spread all through your body. Cancer is one of the leading causes of death worldwide, and better screening and treatment are desperately required. As per the data provided by the World Health Organization (WHO), approximately 10 million deaths, or around one in six deaths, caused by cancer in 2020, making it the leading cause of death globally.
- Increase in Cardiovascular Diseases – As per a report, cardiovascular diseases (CVDs) are the major cause of death, claiming the lives of an estimated 17.9 million people annually.
- Upsurge in Neurological Conditions – In the United States, neurological conditions accounted for the 48.39 deaths per 100,000 population in 2019.
- Escalating Research and Development Expenditure – As per the World Bank, the global research and development expenditure as a percentage of GDP was nearly 2.33% in 2019 and increased to 2.63% in 2020.
- Worldwide Increasing Prevalence of Osteoporosis - Until 2022, osteoporosis has been accountable for approximately 1.5 million people undergoing a fracture in the United States.
Challenges
- High Cost Associated with SPECT Scanning
- High Capital Investment
- Risks Associated with the Radioactive Substance's Half-Life
SPECT Scanning Services Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.4% |
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Base Year Market Size (2024) |
USD 2.5 billion |
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Forecast Year Market Size (2037) |
USD 7.13 billion |
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Regional Scope |
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SPECT Scanning Services Market Segmentation
The global SPECT scanning services market is segmented and analyzed for demand and supply by application into oncology, brain disorders, cardiology, and bone disorders, out of which, the oncology segment is anticipated to hold the highest share over the forecast period on the back of growing count of oncology trials to treat varied kind of cancer, and growth in per capita income. For instance, in 2021, the number of oncology trials grew at record levels, up 56% from 2016, and a record 30 oncology novel active substances (NASs) were first introduced worldwide.
Our in-depth analysis of the global SPECT scanning services market includes the following segments:
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By Type |
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By Design |
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By Application |
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By End-User |
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Customize this ReportSPECT Scanning Services Industry - Regional Synopsis
Regionally, the global SPECT scanning services market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is projected to hold largest industry share by 2037, impelled by rising prevalence of several heart diseases, increasing neurological disorders, growing healthcare expenditure, and a notable presence of major key players in the region. As per the statistics provided by the Centers for disease Control and Prevention, in the United States, heart disease claimed the lives of about 697,000 people in 2020, accounting for 1 in 5 mortalities.
Top Featured Companies Dominating the Global SPECT Scanning Services Market
- Siemens Healthcare GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Toshiba International Corporation
- Mediso Ltd.
- DIGIRAD CORPORATION
- DDD-Diagnostic A/S
- Positron Corporation
- Cubresa, Inc.
- Koninklijke Philips N.V.
- Cardinal Health, Inc.
- General Electric Company
In the News
- June, 2022: Cisco Systems, Inc. - launched its enhanced version of Routed Optical Networking solution with new products and features. Its new Cisco NCS 1010 open optical line system, Bright ZR/ZR+ pluggable optic provides advisory, planning, solution validation, and expanded support to help customers with their move to Routed Optical Networking.
- January, 2020: CBRE, Inc. - acquired New England Fiber, Inc. (NEF), a leading telecommunications and network infrastructure advisory services firm, to get technical expertise from it. This strategic acquisition will help CBRE to advise clients on network capabilities and ensure that exceptional outcomes are delivered for them across the globe.
Author Credits: Abhishek Verma
- Report ID: 4300
- Published Date: Jan 06, 2025
- Report Format: PDF, PPT
