SPECT Scanning Services Market Trends

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