11-16-2018 06:46 PM CET - Health & Medicine

Positron emission tomography market is expected to register a CAGR of 5% during the forecast period, 2018 - 2023|Key Players – SYNCHROPET, ZECOTEK PHOTONICS, BRAIN BIOSCIENCES, RAY VISION INTL, amongst others.

Press release from: Market Prognosis

North America dominates the market
North America dominates the positron emission tomography market, owing to high demand for precision diagnostics and technological advancement in PET technology in the region. Asia Pacific is expected to grow during the forecast period, owing to factors, such as high prevalence of cancer, growing awareness regarding early diagnosis, less stringent regulatory scenario, and presence of huge population base.

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The hybrid imaging, using combined scanners, such as PET, is offering a promising future to the nuclear medicine industry. The growing significance of the PET technology application in cardiac and neurological disorders is expected to fuel the growth of the global market. Also the advancements in various approaches for PET are expected to strengthen the personalized medicine industry. Majority of the diagnostic radioisotopes (Technetium-99, Molybdenum-99) have a short half-life, owing to which, they cannot be stored for long period and have to be used within a short period after production.

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Market Segments:
Positron emission tomography market is segmented by:
1. Product Type: Full Ring PET Scanners, Partial Ring PET Scanners
2. Applications: Cardiology, Neurology, Oncology, Others
3. End-users: Hospitals, Diagnostic Centers, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• December 2017: Conemaugh Memorial Medical Center has invested in new PET/CT technology that benefits patients by providing a high quality image in half the time with half the radiation. PET-CT stands for Positron Emission Tomography and Computer Tomography scans.

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