Market Trends of United Kingdom Nuclear Imaging Industry
This section covers the major market trends shaping the UK Nuclear Imaging Market according to our research experts:
Oncology Holds Significant Share in Application Segment
The increasing burden of cancer in the United Kingdom is a leading factor responsible for the growth of the oncology segment in the market studied. For instance, as stated by the latest report i.e. for the year 2020 from Globocan, there were around 457,960 new cancer cases were detected in the country during 2020. The number of prevalent cancer cases was around 15,14,320 in the year 2020. These statistics represent a high number of cancer patients in the United Kingdom.
Additionally, the PET scan is one of the most reliable diagnostic methods used by oncologists to detect a tumor or cancerous organs. This is leading to increasing usage of PET scanners for diagnosis of cancer in the United Kingdom and ultimately contributing to the market growth. According to Kidney Cancer Care Ltd. data published in 2020, Kidney cancer is the seventh most common cancer in the United Kingdom, which is responsible for around 12,600 new cases every year in the country which equates to 34 cases every day and up to 30% of all people are diagnosed when in the advanced stage of the disease. Over the last decade, kidney cancer incidence has risen by nearly half (47%) and is projected to rise by 26% in the United Kingdom by the year 2035.
All the above statistics and datapoints indicate that cancer is causing a huge burden on the United Kingdom healthcare with its rising prevalence. Therefore, with the increasing cancer cases in the country, the market studied will witness strong growth over the forecast period.
