The global single-photon emission computed tomography (SPECT) market is expected to grow at a CAGR of 5 percent by 2021, predicts Technavio. 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 2016-2021.
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.
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. These 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.