Positron Emission Tomography (PET) Scanners Market Synopsis:
Positron Emission Tomography (PET) Scanners Market Size Was Valued at USD 1.27 Billion in 2023, and is Projected to Reach USD 2.04 Billion by 2032, Growing at a CAGR of 5.4% From 2024-2032.
The Positron Emission Tomography (PET) Scanners Market means the worldwide market for PET imaging systems that are highly specialized medical equipment commonly utilized in oncology, cardiology, and neurological applications. This kind of machinery uses a so-called tracer to visualize metabolic processes and distinguish between typical body activity and pathological activity at the price of a cell. This market includes full-ring PET scanners and partial-ring PET scanners, and different types of detectors for specific clinical uses.
The global PET scanners market has been growing steadily led by the growing incidences of diseases including cancer, cardiovascular diseases & neurological disorders. These diseases can be diagnosed early through the use of PET scanners, hence the accurate treatment can be planned for. The other drivers that are enhancing the market growth include the necessity for tissue saving diagnostic imaging and the increasing focus on the realization of early health risk detection. Similarly, innovations like Hybrid PET-CT as well as PET-MRI have brought a new flavor into the PET imaging sector and enticed public and private investors from across the world.
Due to rising trends of customized medicine, the PET scanners market has also been boosted. PET imaging provides high resolution in terms of tracer uptake and disease manifestations, and, therefore, it is suitable for targeted treatment. In addition, rising healthcare costs and friendly reimbursement policies need in the developed countries are contributing to the growth of PET scanner market in hospitals as well as the diagnostic centers. But high costs that are associated with the operation of PET scanners and the availability of radiotracers in certain geographic areas pose some risks to market advancement.
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Positron Emission Tomography (PET) Scanners Market Trend Analysis:
Rising Demand for Hybrid PET Imaging Systems
- A trend that gains popularity in the PET scanners market is encouragement to use combined modality imaging, PET-CT and PET-MRI systems. These systems integrate PET, which provides metabolic image, with CT or MRI, which provides high anatomical details and give a better picture of a patient’s condition. This trend is clearly traceable in oncology where hybrid PET imaging for tumor staging and therapy response assessment is now the norm. PET with other imaging techniques is not only enhancing diagnostic efficiency but also the management of diagnostic procedures within health care organizations. Therefore, increasing numbers of hospitals and diagnostic centers are adopting hybrid PET systems, which drives the market.
Growing Investment in Research and Development
- Intense focus on the diagnosis leading to the rise in the sales of advanced diagnostics imagings offers PET scanner market investors favorable grounds for increasing focus on new research and developments. B??et on the part of governments, health care, authorities and private institutions to continue their investment in the research for new generation of PET tracers and new and improved scanner technologies aiming at increasing diagnostic accuracy and shortening imaging times. Furthermore, the market growth in the emerging economies due to increased healthcare infrastructural development forms good opportunities for more players in the market. These investments are expected to foster innovation, bring down the cost of manufacture and availability of PET imaging and will offer a social benefit opening up the gates for PET imaging in the developing regions of the world where the take on high end quality health care service delivery is on the rise.
Positron Emission Tomography (PET) Scanners Market Segment Analysis:
Positron Emission Tomography (PET) Scanners Market is Segmented on the basis of Product Type, Detector Type, Application, End User, and Region.
By Product Type, Full-ring PET Scanner segment is expected to dominate the market during the forecast period
- By application, the Full-Ring PET Scanner segment is expected to hold a major market share throughout the forecast period mainly because of high detection sensitivity, short imaging time, and least use of radiation. Full-ring scanners offer a full, 360 degrees, field of view, opting for sharper images and patients move through the scanner more quickly. This segment is especially popular with healthcare facilities such as hospitals and large diagnostics centres which need to perform many scans per day to get rid of patient’s long waiting time.
- Furthermore, full-ring PET scanners are gradually preferred in oncology and neurology diagnosis for precise description of metabolic functions and high image resolution. This is particularly important in carcinoma for accurate imaging is important in writing a best treatment plan. There is evidence on full-ring PET scanners confirming that with progresses in the technology, design, and complexity accompanied by the reducing cost the PET scanners can be easily adopted by a wide range of health care organizations across the world.
By Detector Type, Oncology segment expected to held the largest share
- Based on the detector type, the Oncology segment is projected to dominate this global market due to the rising prevalence of cancer. PET scanners have identified a significant place in the field of oncology because of early diagnosis, staging and observing the extent of the tumor. This capability is highly appreciated by oncologists as the metabolic information retrieved allows to make decisions regarding treatment, along with evaluating the efficiency of applied therapies.
- Enhanced by recent scientific advances in creating new radiotracers for certain kinds of cancer cells, PET is now an irreplaceable tool in individualized cancer therapy. Increasing acceptance of PET in oncology has meant that healthcare has invested significantly into PET structures, which in turn established the segment of the market.
Positron Emission Tomography (PET) Scanners Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Market snapshot: In 2023, North America will continue to lead the PET scanners market, predominantly owing to the large presence of the US market as it has efficient healthcare infrastructure and a high incidence of chronic diseases in addition to considerable governmental expenditure on healthcare technologies. It represent about 40% of world’s PET scanners market and demonstrate high popularity and well-developed medical systems. Also, higher reimbursement policies followed by consistent improvement in the PET scanner further help North America dominate the market. This has called for innovation, which is facilitated by the key market players, research institutes who improve on the adoption of PET scanners in hospitals & imaging centers.
Active Key Players in the Positron Emission Tomography (PET) Scanners Market:
- Canon Medical Systems Corporation (Japan)
- CMR Naviscan Corporation (USA)
- Fujifilm Holdings Corporation (Japan)
- GE Healthcare (USA)
- Hamamatsu Photonics (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Mediso Ltd. (Hungary)
- Neusoft Corporation (China)
- PerkinElmer Inc. (USA)
- Positron Corporation (USA)
- Siemens Healthineers (Germany)
- Sofie Biosciences (USA)
- Spectrum Dynamics Medical (Switzerland)
- United Imaging Healthcare Co., Ltd. (China)
- Zecotek Photonics Inc. (Canada)
- Other Active Players
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Positron Emission Tomography (PET) Scanners Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.27 Billion |
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Forecast Period 2024-32 CAGR: |
5.4% |
Market Size in 2032: |
USD 2.04 Billion |
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Segments Covered: |
By Product Type |
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By Detector Type |
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By application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Positron Emission Tomography (PET) Scanners Market by Product Type
4.1 Positron Emission Tomography (PET) Scanners Market Snapshot and Growth Engine
4.2 Positron Emission Tomography (PET) Scanners Market Overview
4.3 Full-ring PET Scanner
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Full-ring PET Scanner: Geographic Segmentation Analysis
4.4 Partial-ring PET Scanner
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Partial-ring PET Scanner: Geographic Segmentation Analysis
Chapter 5: Positron Emission Tomography (PET) Scanners Market by Detector Type
5.1 Positron Emission Tomography (PET) Scanners Market Snapshot and Growth Engine
5.2 Positron Emission Tomography (PET) Scanners Market Overview
5.3 Oncology
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Oncology: Geographic Segmentation Analysis
5.4 Cardiology
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Cardiology: Geographic Segmentation Analysis
5.5 Neurology
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Neurology: Geographic Segmentation Analysis
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation Analysis
Chapter 6: Positron Emission Tomography (PET) Scanners Market by Application
6.1 Positron Emission Tomography (PET) Scanners Market Snapshot and Growth Engine
6.2 Positron Emission Tomography (PET) Scanners Market Overview
6.3 Oncology
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Oncology: Geographic Segmentation Analysis
6.4 Cardiology
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Cardiology: Geographic Segmentation Analysis
6.5 Neurology
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Neurology: Geographic Segmentation Analysis
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation Analysis
Chapter 7: Positron Emission Tomography (PET) Scanners Market by End User
7.1 Positron Emission Tomography (PET) Scanners Market Snapshot and Growth Engine
7.2 Positron Emission Tomography (PET) Scanners Market Overview
7.3 Hospitals
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Hospitals: Geographic Segmentation Analysis
7.4 Diagnostic Centers
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Diagnostic Centers: Geographic Segmentation Analysis
7.5 PET Centers
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 PET Centers: Geographic Segmentation Analysis
7.6 Research Institute
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Research Institute: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Positron Emission Tomography (PET) Scanners Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 CANON MEDICAL SYSTEMS CORPORATION (JAPAN)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 CMR NAVISCAN CORPORATION (USA)
8.4 FUJIFILM HOLDINGS CORPORATION (JAPAN)
8.5 GE HEALTHCARE (USA)
8.6 HAMAMATSU PHOTONICS (JAPAN)
8.7 KONINKLIJKE PHILIPS N.V. (NETHERLANDS)
8.8 MEDISO LTD. (HUNGARY)
8.9 NEUSOFT CORPORATION (CHINA)
8.10 PERKINELMER INC. (USA)
8.11 POSITRON CORPORATION (USA)
8.12 SIEMENS HEALTHINEERS (GERMANY)
8.13 SOFIE BIOSCIENCES (USA)
8.14 SPECTRUM DYNAMICS MEDICAL (SWITZERLAND)
8.15 UNITED IMAGING HEALTHCARE CO. LTD. (CHINA)
8.16 ZECOTEK PHOTONICS INC. (CANADA)
8.17 OTHER ACTIVE PLAYERS
Chapter 9: Global Positron Emission Tomography (PET) Scanners Market By Region
9.1 Overview
9.2. North America Positron Emission Tomography (PET) Scanners Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Product Type
9.2.4.1 Full-ring PET Scanner
9.2.4.2 Partial-ring PET Scanner
9.2.5 Historic and Forecasted Market Size By Detector Type
9.2.5.1 Oncology
9.2.5.2 Cardiology
9.2.5.3 Neurology
9.2.5.4 Others
9.2.6 Historic and Forecasted Market Size By Application
9.2.6.1 Oncology
9.2.6.2 Cardiology
9.2.6.3 Neurology
9.2.6.4 Others
9.2.7 Historic and Forecasted Market Size By End User
9.2.7.1 Hospitals
9.2.7.2 Diagnostic Centers
9.2.7.3 PET Centers
9.2.7.4 Research Institute
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Positron Emission Tomography (PET) Scanners Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Product Type
9.3.4.1 Full-ring PET Scanner
9.3.4.2 Partial-ring PET Scanner
9.3.5 Historic and Forecasted Market Size By Detector Type
9.3.5.1 Oncology
9.3.5.2 Cardiology
9.3.5.3 Neurology
9.3.5.4 Others
9.3.6 Historic and Forecasted Market Size By Application
9.3.6.1 Oncology
9.3.6.2 Cardiology
9.3.6.3 Neurology
9.3.6.4 Others
9.3.7 Historic and Forecasted Market Size By End User
9.3.7.1 Hospitals
9.3.7.2 Diagnostic Centers
9.3.7.3 PET Centers
9.3.7.4 Research Institute
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Positron Emission Tomography (PET) Scanners Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Product Type
9.4.4.1 Full-ring PET Scanner
9.4.4.2 Partial-ring PET Scanner
9.4.5 Historic and Forecasted Market Size By Detector Type
9.4.5.1 Oncology
9.4.5.2 Cardiology
9.4.5.3 Neurology
9.4.5.4 Others
9.4.6 Historic and Forecasted Market Size By Application
9.4.6.1 Oncology
9.4.6.2 Cardiology
9.4.6.3 Neurology
9.4.6.4 Others
9.4.7 Historic and Forecasted Market Size By End User
9.4.7.1 Hospitals
9.4.7.2 Diagnostic Centers
9.4.7.3 PET Centers
9.4.7.4 Research Institute
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Positron Emission Tomography (PET) Scanners Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Product Type
9.5.4.1 Full-ring PET Scanner
9.5.4.2 Partial-ring PET Scanner
9.5.5 Historic and Forecasted Market Size By Detector Type
9.5.5.1 Oncology
9.5.5.2 Cardiology
9.5.5.3 Neurology
9.5.5.4 Others
9.5.6 Historic and Forecasted Market Size By Application
9.5.6.1 Oncology
9.5.6.2 Cardiology
9.5.6.3 Neurology
9.5.6.4 Others
9.5.7 Historic and Forecasted Market Size By End User
9.5.7.1 Hospitals
9.5.7.2 Diagnostic Centers
9.5.7.3 PET Centers
9.5.7.4 Research Institute
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Positron Emission Tomography (PET) Scanners Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Product Type
9.6.4.1 Full-ring PET Scanner
9.6.4.2 Partial-ring PET Scanner
9.6.5 Historic and Forecasted Market Size By Detector Type
9.6.5.1 Oncology
9.6.5.2 Cardiology
9.6.5.3 Neurology
9.6.5.4 Others
9.6.6 Historic and Forecasted Market Size By Application
9.6.6.1 Oncology
9.6.6.2 Cardiology
9.6.6.3 Neurology
9.6.6.4 Others
9.6.7 Historic and Forecasted Market Size By End User
9.6.7.1 Hospitals
9.6.7.2 Diagnostic Centers
9.6.7.3 PET Centers
9.6.7.4 Research Institute
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Positron Emission Tomography (PET) Scanners Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Product Type
9.7.4.1 Full-ring PET Scanner
9.7.4.2 Partial-ring PET Scanner
9.7.5 Historic and Forecasted Market Size By Detector Type
9.7.5.1 Oncology
9.7.5.2 Cardiology
9.7.5.3 Neurology
9.7.5.4 Others
9.7.6 Historic and Forecasted Market Size By Application
9.7.6.1 Oncology
9.7.6.2 Cardiology
9.7.6.3 Neurology
9.7.6.4 Others
9.7.7 Historic and Forecasted Market Size By End User
9.7.7.1 Hospitals
9.7.7.2 Diagnostic Centers
9.7.7.3 PET Centers
9.7.7.4 Research Institute
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Positron Emission Tomography (PET) Scanners Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.27 Billion |
|
Forecast Period 2024-32 CAGR: |
5.4% |
Market Size in 2032: |
USD 2.04 Billion |
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Segments Covered: |
By Product Type |
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By Detector Type |
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By application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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