The rising incidence of numerous chronic diseases, including cancer and other genetic abnormalities, is boosting the demand for early disease diagnosis, which is anticipated to fuel the expansion of the global molecular imaging market. According to data from the Centers for Disease Control and Prevention (CDC) from February 2018, over 22,000 men and 9,000 women in the United States are diagnosed with liver cancer each year, and approximately 16,000 men and 8,000 women pass away from the disease. As these methods are frequently utilized for the diagnosis and prognosis of cancer, the demand for molecular imaging techniques including positron emission tomography (PET), computed tomography (CT), magnetic resonance (MR) imaging, and others has skyrocketed. Over the course of the forecast, this is anticipated to boost the global market for molecular imaging. Around 60 million magnetic resonance imaging (MRI) scans are carried out year worldwide to diagnose structural problems in the human body without the use of ionizing radiation, according to a July 2021 article published in the Journal of Clinical Medicine of Kazakhstan.
According to Coherent Market Insights, The global Molecular Imaging Market is estimated to be valued at US$ 4,309.0 million in 2021 and is expected to exhibit a CAGR of 5.4% during the forecast period (2021-2028).
Prominent Companies in the Molecular Imaging Industry:
1. Siemens AG
The company was founded in 1847 and is based in Munich and Berlin, Germany. The Company is heavily invested in digitalization, automation, and electrification. Siemens purchased Wattsense, a maker of IoT hardware and software for buildings, in October 2021 for an unknown fee. For an unknown fee, Siemens purchased a 77% majority share in the Indian building solutions company iMetrex Technologies in April 2020.
2. GE Healthcare
The firm was founded in 1892 and is based in Boston, Massachusetts, United States. A global leader in financial services and technology, General Electric Company. The company offers a range of goods and services, from industrial goods to medical imaging, corporate and consumer financing, water treatment, and home appliances. To increase the global availability of HA gas turbine services, GE will expand the scope of its Singapore repair centre in June 2023.
3. Koninklijke Philips N.V.,
The business was founded in 1891 and has its main office in Amsterdam, Netherlands. The business specialises on health technology with a goal of enhancing people's health along the entire health continuum, from preventative measures and healthy living to home care and medical treatment. Philips India introduced its new Sonicare line of electric toothbrushes in April 2022, with cutting-edge Sonic Technology. Philips debuted its AI-powered Imaging Solutions in March 2022 at IRIA 2022.
4. Bruker Corporation
The company was founded in 1960 and is founded in Billerica, Massachusetts, United States. The business manufactures scientific tools for applied and industrial analysis as well as for molecular and materials research. It was revealed in November 2022 that Bruker had purchased the Mountain View-based manufacturer of miniature microscopes and miniscopes, Inscopix, Inc.
5. Canon Medical Systems Corporation
The company was started in 1948 and is based in Otawara, Tochigi, Japan. The business creates, produces, markets, and provides support for a variety of medical devices, including diagnostic X-ray, diagnostic ultrasound, and diagnostic magnetic resonance imaging systems as well as other associated equipment.
6. Positron Corporation
The company was founded in 1983 and is based in Niagara Falls, New York, United States. The company's goods and services help doctors identify heart conditions and enhance patient outcomes. Positron offers cardiologists, their practices, and their patients the greatest imaging technology, clinical support, and cutting-edge customer solutions.
7. Esaote SpA
The company was founded in 1982 and is based in Genoa, Italy. Esaote SpA is an Italian firm that works in the biomedical industry and is involved in the design, manufacture, distribution, and upkeep of equipment for medical diagnostics. Equipment for biomedical diagnostics is produced by Esaote S.P.A.
Definition: Molecular imaging is a branch of medical imaging that focuses on capturing images of molecules in living patients that are of medical interest. This contrasts with traditional techniques like histopathology for extracting molecular data from tissue samples that have been preserved.
