PET-CT Scanner Device Market Growth Analysis By Top Key Players: Toshiba Corporation, General Electric Co., Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation, Siemens AG, PerkinElmer, Inc. and more

The global PET-CT scanner market is valued at $ 1,444 million in 2016 and is expected to reach $ 218 million by 2023, an annual growth rate of 5% from 2017 to 2023. The oncology sector is a total 5/6 2016 market.

Many diseases, such as cancer, cardiovascular disease, certain infectious diseases and brain diseases, require positron emission tomography (PET) and computed tomography (CT) tests for the proper diagnosis of disease. PET scanners measure metabolic activity, while CT scanners emphasize the anatomical characteristics of the body.

PET-CT scanners combine the advantages of two scanners to localize and monitor disease as well as more accurate diagnosis. It can also save space in the imaging facility and shorten the time it takes for the doctor to improve the examination.

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Major companies operating in this market adopt product launch as their key development strategy. Companies profiled in this market include
 Toshiba Corporation
 General Electric Co
 Hitachi Ltd.
 Koninklijke Philips N.V.
 Shimadzu Corporation
 Siemens AG
 PerkinElmer Inc.
 Positron Corporation
 Yangzhou Kindsway Biotech Co. Ltd.
 Mediso Ltd.

Other prominent players in the value chain include NeuroLogica Corporation, NaturSoft Medical Systems Co., Ltd., Shenzhen Anke High-Tech, Trivitron Technologies, and Shenzhen Anke High-tech Co.

Based on the application, the oncology segment held the highest market share in 2016, owing to rise in incidences of cancer globally. Based on service provider, the hospital segment contributed the highest market share in 2016, owing to the increase number of hospitals and large pool of skilled personnel available in hospital. Based on type, the market is classified into stationary scanners segment, contributed the highest market share in 2016, owing to high cost and reliability of the devices. Based on slice count, the Medium Slice Scanner (64 Slices) scanner segment contributed the highest market share in 2016, owing to the high usage.

Based on isotopes, the Flurodeoxyglucose (FDG) segment contributed the highest market share in 2016, owing to its application of detection of various diseases such as oncology, cardiology, and neurology.

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Asia-Pacific accounted for more than two-fifth of the share in 2016, and is expected to dominate the market throughout the forecast period and is attributed to rise in expenditure to upgrade healthcare systems and growth in demand for technologically advanced devices. In addition, lucrative growth opportunities in the economic emerging countries is anticipated to provide new growth opportunities for the key players in the market.

In addition, Asia-Pacific is estimated to register the highest growth rate during the forecast period, owing to rise in government healthcare expenditure and growth in demand for healthcare devices from large pool of patient population, and improvement in healthcare infrastructure.

Key Findings of the PET-CT Scanner Device Market:
• By application, the oncology segment dominated the market in 2016, and is projected to grow at the highest CAGR.
• By service provider, the hospital segment accounted for the highest share in 2016.
• By type, the stationary scanners segment is anticipated to grow at the highest CAGR.
• By slice count, the medium slice scanner (64 Slices) accounted for the highest share in 2016.
• By isotopes, the FDG accounted for the highest market share of eight-ninth in 2016.
• The U.S. was the major shareholder in the North America PET-CT scanner device market in 2016.
• Asia-Pacific is expected to show the market share and highest growth rate during the analysis period.
• India is expected to grow at the highest CAGR in the Asia-Pacific market.

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