Global Single Photon Emission Computed Tomography (SPECT) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type of Radioisotopes;
Tc-99m, Tl-201, Ga-66, I-123, and Other Types of Radioisotopes.By Product;
Single Imaging Gamma Cameras and SPECT/CT.By Type;
Standalone SPECT Systems and Hybrid SPECT Systems.By Applications;
Oncology, Cardiology, Neurology, and Other Applications.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Single Photon Emission Computed Tomography (SPECT) Market (USD Million), 2021 - 2031
In the year 2024, the Global Single Photon Emission Computed Tomography (SPECT) Market was valued at USD 2,142.87 million. The size of this market is expected to increase to USD 3,385.09 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.
The global Single Photon Emission Computed Tomography (SPECT) market is poised for substantial growth, driven by increasing demand for advanced diagnostic imaging techniques, rising prevalence of chronic diseases, and advancements in SPECT technology. SPECT, a nuclear medicine imaging technique, provides detailed three-dimensional images of functional processes in the body, making it invaluable for diagnosing and monitoring various medical conditions. The technology's ability to offer precise and early detection of diseases, particularly in cardiology, oncology, and neurology, has led to its widespread adoption in healthcare facilities worldwide.
One of the primary drivers of the SPECT market is the growing prevalence of chronic diseases such as cardiovascular diseases, cancer, and neurological disorders. As the global population ages, the incidence of these conditions is rising, leading to an increased need for accurate and reliable diagnostic tools. SPECT imaging allows for the early detection and effective management of these diseases, significantly improving patient outcomes. Moreover, the non-invasive nature of SPECT, combined with its ability to provide functional and anatomical information, makes it a preferred choice among healthcare providers.
Technological advancements in SPECT systems have also played a crucial role in market growth. Innovations such as hybrid imaging systems that combine SPECT with computed tomography (CT) and positron emission tomography (PET) have enhanced the diagnostic capabilities of SPECT, offering superior image quality and greater diagnostic accuracy. Additionally, the development of new radiopharmaceuticals and tracers has expanded the range of applications for SPECT imaging, enabling more precise targeting of specific diseases and conditions. These advancements have not only improved the efficacy of SPECT imaging but have also made it more accessible and cost-effective.
Geographically, the SPECT market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are expected to dominate the market, driven by well-established healthcare infrastructures, high adoption rates of advanced medical technologies, and substantial investments in research and development. However, the Asia Pacific region is projected to experience the highest growth rate during the forecast period. This growth is attributed to increasing healthcare expenditure, rising awareness about early disease diagnosis, and the expanding presence of key market players in the region. Overall, the global SPECT market is set to expand significantly, propelled by technological innovations, the growing burden of chronic diseases, and increasing demand for precise diagnostic imaging solutions.
Global Single Photon Emission Computed Tomography (SPECT) Market Recent Developments
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In June 2021, Bayer entered into an agreement to acquire Noria Therapeutics Inc. and PSMA Therapeutics Inc. Through this acquisition, Bayer will obtain exclusive rights to a differentiated alpha radionuclide investigational compound based on actinium-225 and a small molecule directed towards prostate-specific membrane antigen (PSMA).
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In March 2021, IBA (Ion Beam Applications SA and EURONEXT) and NorthStar Medical Radioisotopes LLC announced a collaboration to increase the global availability of technetium-99m (Tc-99m). The collaboration enables companies outside of the United States to access the Tc-99m Generation Systems (TCM Generation Systems) that utilize NorthStar's proprietary non-uranium-based Mo-99 produced using IBA's accelerators and beamlines.
Segment Analysis
The global Single Photon Emission Computed Tomography (SPECT) market is segmented by type of radioisotopes into Technetium-99m, Thallium-201, Iodine-123, and others. Technetium-99m is the most widely used radioisotope in SPECT imaging due to its ideal properties, including its short half-life, optimal energy for imaging, and availability. It is used extensively for diagnosing conditions such as cardiovascular diseases, cancers, and neurological disorders. Thallium-201 is primarily used for myocardial perfusion imaging, particularly for assessing heart conditions like coronary artery disease. Iodine-123 is used in neuroendocrine imaging and diagnosing thyroid conditions. The continued development of new radioisotopes and advancements in nuclear medicine are expected to broaden the range of conditions that can be diagnosed using SPECT technology.
The product segment includes standalone SPECT systems and hybrid systems such as SPECT/CT and SPECT/MRI. Standalone SPECT systems are widely used due to their cost-effectiveness and simplicity, providing high-resolution images for a variety of applications, including cardiac imaging, bone scans, and oncology. Hybrid systems like SPECT/CT and SPECT/MRI combine the capabilities of SPECT with other imaging modalities such as computed tomography (CT) or magnetic resonance imaging (MRI). These systems offer enhanced anatomical localization and improved image resolution, making them particularly useful for more complex diagnostic procedures, including oncology and neurology. The hybrid systems are gaining significant traction due to their ability to provide both functional and structural information, improving the accuracy and effectiveness of diagnoses.
The market is further segmented by type into fixed and portable SPECT systems. Fixed SPECT systems are typically used in hospitals and diagnostic centers, offering high-performance imaging with high sensitivity and resolution. Portable SPECT systems, however, are growing in popularity due to their flexibility, smaller footprint, and ability to bring diagnostic capabilities to a wider range of healthcare settings, such as outpatient clinics and rural areas. Applications of SPECT include cardiology, oncology, neurology, and musculoskeletal disorders. In cardiology, SPECT is used for diagnosing coronary artery disease and assessing heart function. In oncology, it is used for detecting and staging cancer, while in neurology, it helps in the diagnosis of Alzheimer’s disease and Parkinson’s disease. Geographically, North America holds the largest share of the SPECT market due to the advanced healthcare infrastructure, high adoption of advanced imaging technologies, and increasing demand for diagnostic imaging in chronic disease management. The Asia-Pacific region is expected to experience the highest growth, driven by increasing healthcare investments, rising awareness, and the expanding number of diagnostic centers in emerging economies.
Global Single Photon Emission Computed Tomography (SPECT) Segment Analysis
In this report, the Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Type of Radioisotopes, Product, Type, Applications and Geography.
Global Single Photon Emission Computed Tomography (SPECT) Market, Segmentation by Type of Radioisotopes
The Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Type of Radioisotopes into Tc-99m, Tl-201, Ga-66, I-123 and Other Types of Radioisotopes.
In the realm of radioisotopes used for Single Photon Emission Computed Tomography (SPECT), Tc-99m (Technetium-99m) stands out as the dominant player. Its widespread use in medical imaging is attributed to its ideal physical characteristics, such as a half-life that is long enough for imaging procedures but short enough to minimize radiation exposure. Moreover, Tc-99m emits gamma rays at an energy level that is optimal for detection by SPECT cameras. The isotope's availability and cost-effectiveness further contribute to its prominence in the market, making it the preferred choice for a variety of diagnostic procedures.
Tl-201 (Thallium-201) and I-123 (Iodine-123) also hold significant positions in the SPECT market due to their specific applications in cardiology and neurology, respectively. Tl-201 is frequently used in myocardial perfusion imaging to assess coronary artery disease, providing critical insights into heart function and helping to guide treatment decisions. On the other hand, I-123 is primarily used in brain imaging to diagnose and monitor neurological disorders, including Parkinson's disease and Alzheimer's disease. Its ability to provide detailed functional images of the brain enhances the diagnostic capabilities of SPECT, making it a valuable tool in neurology.
The ongoing development of new and more effective radioisotopes is poised to further enhance the capabilities of SPECT imaging. Innovations in radiopharmaceuticals are expanding the range of diagnostic applications, enabling more precise targeting of specific tissues and diseases. This progress is driven by extensive research and development efforts aimed at improving the sensitivity and specificity of SPECT imaging. As a result, the market for SPECT radioisotopes is expected to continue growing, offering better diagnostic accuracy and expanding the scope of SPECT applications across various medical fields.
Global Single Photon Emission Computed Tomography (SPECT) Market, Segmentation by Product
The Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Product into Single Imaging Gamma Cameras and SPECT/CT.
The global Single Photon Emission Computed Tomography (SPECT) market is segmented by product into single imaging gamma cameras and SPECT/CT. Single imaging gamma cameras are traditional devices used in SPECT imaging that capture gamma radiation emitted from radioactive tracers within the body. These cameras are effective for a range of diagnostic applications, including cardiac imaging, bone scans, and detecting certain cancers or neurological disorders. They provide functional imaging by visualizing the distribution of the radioisotope, enabling healthcare providers to assess organ function and diagnose conditions. The simplicity and cost-effectiveness of single imaging gamma cameras continue to make them a common choice in many healthcare settings.
SPECT/CT, a hybrid imaging system that combines Single Photon Emission Computed Tomography with Computed Tomography (CT), is rapidly gaining popularity due to its ability to provide both functional and anatomical images. The integration of CT into SPECT imaging allows for better anatomical localization of the functional data, resulting in improved diagnostic accuracy and a more detailed understanding of the patient's condition. This combination is particularly valuable in oncology for accurate tumor localization, in cardiology for precise heart imaging, and in neurology for better identification of brain disorders. The enhanced resolution and ability to correlate functional and structural information make SPECT/CT systems essential for complex clinical applications, driving their growing adoption in hospitals and diagnostic imaging centers.
Geographically, the adoption of single imaging gamma cameras is higher in developing regions due to their affordability and effectiveness for routine diagnostic procedures. However, the market for SPECT/CT is growing rapidly, particularly in North America and Europe, where there is an increasing demand for advanced imaging technologies that can provide more detailed and accurate diagnostic results. The integration of CT with SPECT imaging is revolutionizing the way healthcare providers approach complex diseases, improving clinical decision-making and patient outcomes. As healthcare systems in emerging economies like Asia-Pacific and Latin America continue to modernize, the demand for SPECT/CT systems is expected to rise, further boosting the market growth globally.
Global Single Photon Emission Computed Tomography (SPECT) Market, Segmentation by Type
The Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Type into Standalone SPECT Systems and Hybrid SPECT Systems.
The global Single Photon Emission Computed Tomography (SPECT) market is segmented by type into standalone SPECT systems and hybrid SPECT systems. Standalone SPECT systems are traditional, single-modality imaging devices that provide functional imaging by detecting gamma radiation from radiopharmaceuticals injected into the patient’s body. These systems are widely used for diagnosing conditions such as cardiovascular diseases, bone disorders, and neurological conditions, as they provide high-resolution, functional images of various organs. Standalone systems are often more cost-effective and simpler to operate, making them ideal for routine diagnostic use in hospitals and clinics where the focus is on functional imaging without the need for additional structural information.
Hybrid SPECT systems, which combine SPECT with other imaging modalities such as CT (SPECT/CT) or MRI (SPECT/MRI), are increasingly gaining popularity due to their ability to provide both functional and anatomical images in a single procedure. The integration of CT or MRI with SPECT allows healthcare providers to obtain more comprehensive and accurate diagnostic information. For example, SPECT/CT systems enable precise anatomical localization of functional images, which is crucial for oncology, cardiology, and neurology applications. The combination improves the diagnostic accuracy for conditions such as cancer, coronary artery disease, and brain disorders, making hybrid systems more suitable for complex and specialized diagnostic cases.
Geographically, standalone SPECT systems continue to dominate in emerging markets due to their lower cost and broad applicability for routine diagnostic procedures. However, the adoption of hybrid SPECT systems is growing significantly, especially in developed regions such as North America and Europe, where there is a high demand for advanced imaging technologies that offer superior diagnostic capabilities. The increased emphasis on precision medicine, coupled with the growing awareness of the benefits of hybrid imaging, is driving the market for SPECT/CT and SPECT/MRI systems. The Asia-Pacific region is expected to experience rapid growth in the hybrid SPECT market as healthcare infrastructure improves and demand for more advanced diagnostic tools rises.
Global Single Photon Emission Computed Tomography (SPECT) Market, Segmentation by Applications
The Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Applications into Oncology, Cardiology, Neurology and Other Applications.
The application segment of the Single Photon Emission Computed Tomography (SPECT) market is categorized into oncology, cardiology, neurology, and other applications. Oncology is expected to hold a significant share of the market, largely driven by the increasing incidence of cancer worldwide. SPECT imaging plays a critical role in the early diagnosis, staging, and treatment monitoring of various cancers, allowing for precise localization and characterization of tumors. Its ability to provide functional imaging complements anatomical imaging techniques like CT and MRI, enhancing the overall diagnostic accuracy and treatment planning in oncology.
Cardiology and neurology applications are also anticipated to experience substantial growth in the SPECT market. The rising prevalence of cardiovascular diseases, such as coronary artery disease and heart failure, drives the demand for SPECT imaging in cardiology, where it is used extensively for myocardial perfusion imaging and assessing cardiac function. In neurology, the growing incidence of neurological disorders, including Alzheimer's disease, Parkinson's disease, and epilepsy, boosts the adoption of SPECT imaging. SPECT's capability to provide detailed functional information about the heart and brain, offering insights into blood flow, metabolic activity, and receptor binding, makes it an invaluable diagnostic tool in these medical fields. This detailed functional information aids in the accurate diagnosis, monitoring, and management of these complex conditions, fostering its growing adoption in cardiology and neurology.
Global Single Photon Emission Computed Tomography (SPECT) Market, Segmentation by Geography
In this report, the Global Single Photon Emission Computed Tomography (SPECT) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Single Photon Emission Computed Tomography (SPECT) Market Share (%), by Geographical Region, 2024
Geographically, the global Single Photon Emission Computed Tomography (SPECT) market is divided into several key regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe are expected to lead the market, attributed to their well-established healthcare infrastructures, high adoption rates of advanced medical technologies, and significant investments in research and development. These regions benefit from robust healthcare systems that facilitate the widespread implementation of sophisticated diagnostic tools like SPECT, ensuring high-quality patient care. Additionally, the presence of key market players and continuous technological innovations contribute to the strong market position of North America and Europe.
The Asia Pacific region is anticipated to experience the highest growth rate during the forecast period. This growth is driven by increasing healthcare expenditure, rising awareness about the importance of early disease diagnosis, and the expanding presence of key market players in the region. Countries like China and India are witnessing significant improvements in healthcare infrastructure and access to medical services, which are boosting the adoption of SPECT imaging. Emerging markets in Latin America and the Middle East and Africa are also poised to contribute to the overall market expansion as these regions continue to develop their healthcare systems and increase awareness about the benefits of SPECT imaging. Overall, the global SPECT market is set to expand significantly, propelled by technological advancements, the rising burden of chronic diseases, and the growing demand for precise diagnostic imaging solutions across diverse geographic regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Single Photon Emission Computed Tomography (SPECT) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Prevalence of Chronic Diseases
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Technological Advancements:Continuous advancements in SPECT technology, including the development of hybrid imaging systems that combine SPECT with CT or PET, have significantly improved diagnostic accuracy and image quality. Innovations such as the introduction of new radiopharmaceuticals and tracers are expanding the applications of SPECT imaging, making it a more versatile and effective diagnostic tool. These technological improvements are driving market growth by enhancing the capabilities and reliability of SPECT imaging.
The rising incidence of chronic diseases such as cardiovascular disorders, cancer, and neurological conditions is a major driver for the global SPECT market. These conditions require precise diagnostic tools for early detection, accurate diagnosis, and effective monitoring. SPECT imaging provides detailed functional information that is crucial for the management of these diseases, thereby driving its adoption in medical practice.
Restraints
- High Costs and Reimbursement Issues
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Limited Availability of Radioisotopes:The production and supply of radioisotopes used in SPECT imaging, such as Technetium-99m, can be inconsistent due to the complex manufacturing processes and reliance on nuclear reactors. Any disruptions in the supply chain can lead to shortages and increased costs, posing a challenge for the widespread adoption of SPECT imaging.
The high cost of SPECT imaging systems and procedures can be a significant barrier to market growth, particularly in regions with limited healthcare budgets or inadequate insurance coverage. Additionally, reimbursement policies for SPECT procedures can vary widely across different countries and healthcare systems, which can limit the accessibility and affordability of SPECT imaging for patients.
Opportunities
- Expansion into Emerging Markets
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Development of Novel Radiopharmaceuticals:Ongoing research and development efforts aimed at creating new and more effective radiopharmaceuticals offer significant opportunities for the SPECT market. These novel agents can improve the diagnostic accuracy and expand the range of applications for SPECT imaging, enhancing its utility in various medical fields. Innovations in radiopharmaceuticals can lead to better disease targeting and patient outcomes, driving further adoption of SPECT technology.
The growing healthcare infrastructure and increasing healthcare expenditure in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa present significant opportunities for the SPECT market. As these regions continue to develop and improve access to advanced medical technologies, there is a substantial potential for market growth through the adoption of SPECT imaging.
Competitive Landscape Analysis
Key players in Global Single Photon Emission Computed Tomography (SPECT) Market include:
- Bracco Imaging
- GE Healthcare (GE Company)
- Curium
- Cadinal Health Inc
- NTP Radioisotopes SOC Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type of Radioisotopes
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Market Snapshot, By Product
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Market Snapshot, By Type
- Market Snapshot, By Applications
- Market Snapshot, By Region
- Global Single Photon Emission Computed Tomography (SPECT) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand for SPECT Analysis in Radiopharmaceuticals
- Growing Geriatric Population
- Restraints
- Shorter Half-Life of Radioisotopes
- Stringent Regulatory Guidelines
- Opportunities
- Radiopharmaceuticals
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Improvements in SPECT Imaging Technology
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Type of Radioisotopes, 2021 - 2031 (USD Million)
- Tc-99m
- Tl-201
- Ga-66
- I-123
- Other Types of Radioisotopes
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Product, 2021 - 2031 (USD Million)
- Single Imaging Gamma Cameras
- SPECT/CT
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Type, 2021 - 2031 (USD Million)
- Standalone SPECT Systems
- Hybrid SPECT Systems
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Applications, 2021 - 2031 (USD Million)
- Oncology
- Cardiology
- Neurology
- Other Applications
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Single Photon Emission Computed Tomography (SPECT) Market, By Type of Radioisotopes, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Bracco Imaging
- GE Healthcare (GE Company)
- Curium
- Cadinal Health Inc
- NTP Radioisotopes SOC Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market