Market Trends of Single Photon Emission Computed Tomography (SPECT) Industry
This section covers the major market trends shaping the Single Photon Emission Computed Tomography Market according to our research experts:
The Gallium-67 Segment is Expected to Witness a Large CAGR Over the Forecast Period in the Single Photon Emission Computed Tomography (SPECT) Market
Gallium-67 radioisotope is used for diagnosing inflammation, both acute and chronic infection, and tumors, such as Hodgkin's disease, lymphoma (except for lymphocytic), hepatoma, and bronchogenic carcinoma. Mostly, it is used as a bone imaging agent.
Gallium-67 is the gold standard for tumor diagnosis and staging. Hybrid imaging using Ga-67 SPECT/CT enables the correct localization of lymphoma lesions. Ga-67 is a commonly used agent for the imaging of inflammation because of its ability to accumulate non-specifically in inflamed areas as a metal-transferrin complex, followed by further binding to transferrin receptors. Some of the market players which provide Gallium Citrate GA-67 are Lantheus Medical Imaging and Mallinckrodt Nuclear.
According to the International Agency for Research on Cancer (IARC), by 2040, it is estimated that new cases of cancer to grow to 27.5 million. In addition, the global cancer burden is anticipated to increase by 70% in the next 20 years. such growing burden of cancer generates the need for the radioisotopes in diagnosis and treatment of the disease and thus drives the growth of the market segment
Thus, owing to the rising prevalence of various bone disorders and cancers and the benefits associated with Gallium-67, the market is expected to witness a high growth rate over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period
The SPECT market in the United States is growing propelled by advancements in technology, including hybrid imaging, the introduction of new radiopharmaceuticals for diagnosis, and the development of molecular imaging. Technetium 99m (TC-99m) is the most widely used imaging agent due to its versatility.
According to the Global Cancer Observatory (Globocan) 2020, the United States has the second largest number of prevalent cases of cancer in the world. The total prevalent cases of all ages accounted for 2,281,658 in 2020. There is also increasing investment in cancer disease research and treatment in the United States. According to data published by the National Center for Health Statistics (NCHS) at the Centers for Disease Control and Prevention (CDC), the investments for cancer were estimated to reach up to USD 7,176 million in 2021. This was a marked increase from the 2020 figures of USD 7,035 million.
Additionally, the introduction of new products in the market is also boosting the growth of the market in the region. For instance, in July 2020, Spectrum Dynamics Medical introduced a digital solid-state cadmium zinc telluride (CZT)-based cardiac SPECT system called D-SPECT Vista. The system can be used for myocardial perfusion imaging. In September 2020, Siemens Healthineers introduced a new version of its c.cam dedicated cardiac nuclear medicine system to the US market. This single-photon emission computed tomography (SPECT) scanner with a reclining patient chair offers nuclear cardiology providers a low total cost of ownership, ease of installation, and a high level of image quality. Also, in March 2020, Curium received United States Food and Drug Administration approval for Pulmotech MAA. It is a SPECT agent used in lung imaging and evaluating pulmonary perfusion. Hence, owing to these factors, the market is likely to grow in the future.
