Overview and Scope
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.
Sizing and Forecast
The positron emission tomography (pet) scanners market size has grown strongly in recent years. It will grow from $1.43 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. 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 $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. 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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Segmentation & Regional Insights
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
North America was the largest region in the positron emission tomography (PET) scanners market in 2023. 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
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Major Driver Impacting Market Growth
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, according to the Alzheimer’s Association, a US-based non-profit organization, as of 2022, an estimated 6.7 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.
Key Industry Players
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
The positron emission tomography (pet) scanners market report table of contents includes:
1. Executive Summary
2. Positron Emission Tomography (PET) Scanners Market Characteristics
3. Positron Emission Tomography (PET) Scanners Market Trends And Strategies
4. Positron Emission Tomography (PET) Scanners Market – Macro Economic Scenario
5. Global Positron Emission Tomography (PET) Scanners Market Size and Growth
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32. Global Positron Emission Tomography (PET) Scanners Market Competitive Benchmarking
33. Global Positron Emission Tomography (PET) Scanners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Positron Emission Tomography (PET) Scanners Market
35.Positron Emission Tomography (PET) Scanners Market Future Outlook and Potential Analysis
36. Appendix
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