Global SPECT Market 2017-2021

Overview of the global SPECT market

Technavio’s market research analyst predicts the global single-photon emission computed tomography (SPECT) market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the adoption of SPECT/CT hybrid imaging system. The market has been witnessing growing adoption of SPECT/CT hybrid imaging technology owing to its advantages such as early diagnosis, accurate disease staging, and effective response to the treatment of chronic conditions such as diabetes.

Also, the increasing demand for SPECT/CT hybrid imaging system is due to technological advances, decreasing prices, increasing awareness among end-users, and better reimbursement policies. Moreover, vendors are improving their technological capabilities of SPECT/CT hybrid imaging system. This will further improve the adoption rates worldwide, which in turn will propel the growth of the global SPECT market during the forecast period.

SPECT market based on geography

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rapidly changing hospital infrastructure and healthcare policies are the key reasons for the dominance of this market in the region. Also, the trend of hybrid operating rooms and cloud computing in the healthcare sector are some of the influential factors that are driving the growth of the global SPECT market. Standalone SPECT systems are one of the oldest and widely used medical imaging devices available and have higher installation numbers across the region. The above-mentioned factors have played a crucial role in the growth of the SPECT market, this growth in the region is expected to induce growth in the global SPECT market in the coming years.

SPECT market: Competitive landscape and key vendors

The global SPECT market is highly competitive and fragmented due to the presence of numerous local and global vendors. The market is largely dominated by established players holding major parts of the market share. Vendors mainly compete on the basis of pricing, product differentiation, technology up-gradation, and online and on-site servicing.

Leading vendors in the SPECT market​

• GE Healthcare
• Philips Healthcare
• Siemens Healthineers

SPECT market by product 

• Standalone SPECT
• Hybrid SPECT

During 2016, the standalone SPECT dominated the SPECT market and accounted for a major part of the overall market share. Low-device and maintenance cost are the key contributors to the growth of this segment in the global market. Also, the higher installation of standalone SPECT systems in the market due to their high popularity is also supporting the growth of this market segment.

SPECT market by application 

• Cardiology
• Oncology
• General imaging
• Neurology

In this market study, analysts have estimated the cardiology segment to dominate the SPECT market during the forecast period. The high rate of reimbursement provided for cardiac imaging procedures is driving the use of SPECT scan for cardiac disorders; this is contributing to the dominance of this segment in the global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global SPECT market?
• What are the key market trends impacting the growth of the global SPECT market?
• What are the challenges to market growth?
• Who are the key vendors in the global SPECT market?
• What are the market opportunities and threats faced by the vendors in the global SPECT market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global SPECT market?

Technavio also offers customization on reports based on specific client requirement.

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