Market Trends of Italy Nuclear Imaging Industry
This section covers the major market trends shaping the Italy Nuclear Imaging Market according to our research experts:
Equipment Segment is Expected to Hold a Significant Market Share Over the Forecast Period
The high number of PET scans in the country coupled with increasing research studies and initiatives by key market players are expected to increase the market growth. The rise in usage of PET Scanners in the country for diagnosis and imaging of various diseases boosts the growth of the studied market. As per the Organisation for Economic Co-operation and Development (OEC) statistics, an estimated 5,200,916 clinical PET scans were performed in Italy in 2020 compared to an estimated 5,809,718 PET scans performed in 2019. Even though the scans in 2020 were less, however, considering the pandemic the number of scans was quite high. Thus, it is expected to increase in the future. Furthermore, stand-alone systems in addition to improved hybrid imaging designs and the development of novel theragnostic methods made it possible for nuclear medicine techniques to be used more widely in a variety of diagnostic scenarios, according to the article by Cuocolo et al., published by the Department of Advanced Biomedical Sciences, University Federico II, Naples, Italy in April 2021. The two main nuclear medicine diagnostic methods are positron emission tomography (PET) and single-photon emission computed tomography (SPECT). Additionally, as the need for nuclear imaging for diagnosis rises, several businesses are expressing an interest in working with the producers of radiopharmaceuticals and medical equipment, which in turn is fueling the market's expansion. For instance, in May 2021, To aid in the creation of artificial intelligence (AI) algorithms, Bracco Imaging collaborated with Italian hospitals and made a sizable dataset of chest x-rays from COVID-19 patients available. More than 1,000 chest radiographs from COVID-19 patients, along with the patient's clinical details, are available in the AIforCOVID Imaging Archive. Such initiatives are expected to increase market growth.
Therefore, it is anticipated that the aforementioned reasons will fuel market expansion throughout the forecast period.
