What is the present valuation and projected CAGR of the positron emission tomography (pet) scanners market?
The positron emission tomography (PET) scanners market size has grown strongly in recent years. It will grow from $1.51 billion in 2024 to $1.6 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to advancements in radiopharmaceuticals, increased cancer diagnoses, clinical applications expansion, healthcare infrastructure development, growing emphasis on early disease detection.
The positron emission tomography (PET) scanners market size is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising incidence of neurological disorders, integration of ai in imaging, oncology research and personalized medicine, expanding applications in cardiology, increasing aging population. Major trends in the forecast period include technological innovations in imaging, advancements in digital detector technology, emergence of total-body pet scanners, expanding applications in neurology, hybrid pet/MRI systems.
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Which Market drivers have played a significant role in driving the positron emission tomography (pet) scanners market?
The increasing brain disorder cases is expected to propel the growth of the positron emission tomography (PET) scanners market going forward. Brain disorder is any condition that affects the brain’s normal functioning caused by illness, genetics, or traumatic injury. PET scans use a radioactive material called a tracer to show both normal and abnormal metabolic activity in the brain. It also monitors brain function, disease processes, and response to treatment and diagnoses conditions that may not appear on other types of imaging. For instance, in March 2024, according to the Alzheimer’s Association, a US-based non-profit organization, as of 2024, an estimated 6.9 million Americans aged 65 and older are living with Alzheimer’s dementia. Further, it is expected to increase to 13.8 million by 2060. Therefore, the increasing number of brain disorder cases drives the growth of the positron emission tomography (PET) scanners market.
What are the key segments within the positron emission tomography (pet) scanners market?
The positron emission tomography (PET) scanners market covered in this report is segmented –
1) By Modality: PET-CT (Positron Emission Tomography-Computed Tomography), PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging)
2) By Detector Type: Gadolinium Oxyorthosilicate, Lutetium Fine Silicate, Bismuth Germanium Oxide, Lutetium Oxyorthosilicate
3) By Application: Cardiology, Neurology, Oncology, Orthopedics, Urology, Gastroenterology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By PET-CT (Positron Emission Tomography-Computed Tomography): Standalone PET-CT Systems, Hybrid PET-CT Systems
2) By PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging): Dedicated PET-MRI Systems
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Which key players are shaping the positron emission tomography (pet) scanners market?
Major companies operating in the positron emission tomography (pet) scanners market report are Clarity Pharmaceuticals Ltd., Hitachi Ltd., Eli Lilly and Company, Canon Medical Systems USA Inc., Toshiba Corporation, Siemens Healthineers, Fujifilm Holdings Corporation, Koninklijke Phillips N.V., GE HealthCare, Perkin Elmer Inc., CMR Naviscan Corporation, Shimadzu Corporation, Neusoft Medical Systems Co. Ltd., Blue Earth Diagnostics Limited, Mediso Medical Imaging Systems, Cubresa Inc., Oncovision, Radiology Oncology Systems Inc., FMI Medical Systems Inc., Edger Systems LLC, Mediso Ltd., MR Solutions Group Ltd., Modus Medical Devices Inc., MinFound Medical Systems Co. Ltd, PETsys Electronics SA, Yangzhou Kindsway Biotech Co. Ltd., Positron Corporation, RefleXion Medical
Which transformative trends will shape the positron emission tomography (pet) scanners market landscape?
Major companies operating in the positron emission tomography (PET) scanner market are developing innovative products by adopting new technologies such as Optiso Ultra Dynamic Range (UDR) detector technology to provide reliable services to their customers. The Optiso Ultra Dynamic Range (UDR) detector is a new generation of PET detector that uses multiple technologies to provide optimal performance in a wide range of count rates, which improves the image quality and diagnostic accuracy of PET scans, especially for patients with high-activity tracers. For instance, in June 2023, Siemens Healthineers AG, a Germany-based provider of healthcare solutions and services, launched Biograph Vision X, a next-generation positron emission tomography/computed tomography (PET/CT) scanner. It has been developed with Optiso Ultra Dynamic Range (UDR) detector technology, which uses silicon photomultipliers (SiPMs), which enables the use of small 3.2 mm x 3.2 mm lutetium oxyorthosilicate (LSO) crystal elements to deliver higher spatial resolution than larger crystals and provides a time of flight (TOF) of 178 picoseconds (PS). The scanner achieves excellent 48-mm3 volumetric resolution and a 20% performance enhancement (TOF gain) by utilizing these incredibly tiny LSO crystals completely coated by SiPMs.
How do regional factors impact the positron emission tomography (pet) scanners market, and which region is the largest contributor?
North America was the largest region in the positron emission tomography (PET) scanners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (pet) scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Positron Emission Tomography (PET) Scanners Market Report 2025 Offer?
The positron emission tomography (pet) scanners market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A positron emission tomography (PET) scanner is a medical imaging device that creates detailed three-dimensional images of the internal structures of the human body. It uses a radioactive substance to assess and detect various chronic diseases by analyzing the functions of multiple organs. PET scanners are primarily used to detect cancer and evaluate cancer treatment.
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