Malaysia Nuclear Imaging Equipment Market to be Dominated by the Rising Geriatric Population through 2028
Greater
number of hospital admissions is expected to drive the Malaysia
nuclear imaging equipment market in the forecast period, 2024-2028.
According to TechSci Research
report, “Malaysia
Nuclear Imaging Equipment Market – By Region, Competition,
Forecast and Opportunities, 2028”, the Malaysia nuclear
imaging equipment market is anticipated to grow at a significant rate in the forecast
period, 2024-2028. The Malaysian government has made significant investments in
the nation's healthcare infrastructure because of its proactive approach to
meeting the healthcare needs of its aging population. As part of the
government's investment, new hospitals were built, existing healthcare
facilities were upgraded, and more healthcare professionals were hired leading
for more diagnostics with increasing hospital admissions, hence augmenting the
growth of the Malaysia nuclear imaging
equipment market. Due to Malaysia's growing elderly population,
the market for Nuclear imaging equipment is expanding significantly. The demand
for nuclear imaging equipment procedures has increased, particularly among the
elderly population, because of improvements in medical technology and growing
awareness of early diagnosis. Another driver of the growth of the nuclear
imaging equipment market is the increasing adoption of hybrid imaging
modalities. Hybrid modalities provide more information than traditional imaging
techniques, which can lead to more accurate diagnoses and better treatment
outcomes. Additionally, hybrid modalities can reduce the need for multiple
imaging studies, which can save time and reduce costs for both patients and
healthcare providers. Nuclear imaging equipment techniques are valuable tools
for early detection, monitoring disease progression, and evaluating treatment
response in patients are likely to fuel the Malaysia nuclear imaging equipment market
over the forecast period.
However, the high cost of advanced nuclear
imaging equipment, which makes it difficult for small clinics, hospitals, and
diagnostic centers to invest in the latest technology. Additionally, the lack
of skilled professionals to operate and interpret nuclear imaging equipment and
long-term side effects associated with nuclear imaging such as spinal cord or
nerve damage, increased risk of cavities, and swallowing dysfunction may hamper the growth of
the market in the forecast period.
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The Malaysia nuclear
imaging equipment market is segmented into type, application, end
user, region, and company.
Based on type, the market is divided into PET imaging systems and gamma camera imaging systems. The PET imaging systems segment is expected to witness a rise
over the forecast period. This is attributed to the excellent image quality and
better performance and its employment for detection of tumors in oncology due
to its high resolution and quality images.
Based on application, the market is divided into oncology, cardiology, neurology, and others. The cardiology segment is expected to witness a rise over the forecast
period. This is attributed to the rising prevalence of heart related diseases
due to lifestyle changes and increased junk eating which results in the
blockage of arteries and hence, became the reason for heart attack.
Based on end user, the market is divided into hospitals & clinics, diagnostic centers, and others. The hospitals & clinics segment is expected to witness a rise
over the forecast period. This is attributed to the greater number of hospital
admissions, and they possess improved technologies and all the nuclear imaging equipment
machinery and equipment. As a result, people prefer to receive nuclear imaging at
hospitals and clinics.
Major companies
operating in Malaysia nuclear imaging equipment market are:
- Siemens Healthcare
- Fujifilm Holdings
- Philips Healthcare
- GE Healthcare
- Taiyo Nippon Sanso Corporation
- Canon Medical Systems Limited
- Abex Medical System Sdn. Bhd.
- Otsuka holding co., ltd.
- Cardinal Health, Inc
- Novartis AG
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“Malaysia nuclear imaging equipment market is expected to
witness a significant growth in the upcoming years, due to the growing technological
advancements in hospitals and healthcare with increasing admissions for diagnostic
in the nation. In Malaysia, a significant market segment will be driven by the
growing population and the rising prevalence of chronic diseases such as oncology,
cardiology, and neurology, particularly in the elderly population. Also, the
growing healthcare awareness among the population residing in Malaysia for the
early detection and treatment of diseases, can strengthen the growth of the
market, which is expected to grow through 2028” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Malaysia Nuclear Imaging Equipment Market, By Type
(PET Imaging Systems, Gamma Camera Imaging Systems), By Application (Oncology,
Cardiology, Neurology, and Others), By End User (Hospitals & Clinics,
Diagnostic Imaging Centers, and Others), By Region, Competition, Forecast and
Opportunities, 2028” has evaluated the future
growth potential of Malaysia nuclear imaging equipment market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Malaysia nuclear imaging equipment market.
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