Positron Emission Tomography (PET) Market is anticipated to shoot off by the end of 2022 :Top Keyplayers are Philips, Siemens, Positron Corporation, CardiArc Ltd, Digirad Corporation, GE Healthcare, Gamma Medica Inc., Hologic Inc., Toshiba Corporation, Me

Description

The Positron Emission Tomography (PET) is a powerful, non-invasive, nuclear imaging scanner which provides detailed diagnostics of the human body's physiological and bio-chemical processes. The advantage of PET is that it can detect cancer before other diagnostic tests as PET can test biological functions as well. Almost 95 % of the PET scans conducted are related to oncology.The PET market is the pioneering sector of the diagnostic imaging market. Continued technological developments and continuous growth is expected in the market owing to the emerging market's acceptance of PET technology.

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Market Dynamics

Some of the key drivers for the PET market include rising awareness among physicians and patients, growing population, increasing prevalence of diseases and growing demand for cancer diagnoses. The major barriers for the market are regulatory legislations, high costs of PET technologies, difficulties in supply, increasing costs of radio pharmaceuticals, consolidation in hospital sector and rising development costs. The high cost of PET equipment and procedures coupled with the global economic downturn has led to slowing of growth. The growth of the market in mature markets like U.S and Europe depend heavily on the replacement of existing systems as the capacity for new installations is very limited in these mature markets.

Market Segmentation

The global Positron Emission Tomography(PET) Market is segmented on the basis of Product type, Application, Detector type, End-User and Region.

Segmentation by Product type
Full Ring PET Scanners
Partial Ring PET Scanners
The Full Ring PET scanners accounts for the majority market share in this segment and is the most widely used product.

Segmentation by Application
Oncology
Cardiology
Neurology
Others
Oncology application finds the most use of the PET scanners and has a lion's share of the segment. Among other applications, cardiology has good growth potential.

Segmentation by Detector type
Bismuth Germanium Oxide (BGO)
Lutetium Oxyorthosilicate (LSO)
Lutetium Fine silicate (LFS)
Lutetium Yttrium Orthosilicate
Gadolinium Oxyorthosilicate (GSO)
Lutetium Oxyorthosilicate (LSO) dominates this segment with Bismuth Germanium Oxide (BGO) running a close second.

Segmentation by End-User
Hospitals
PET Centres
Diagnostic Clinics
Research Institutes
Hospitals generate the most revenue share in this segment.

Segmentation by Region
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (Excluding Japan)
Japan
Middle East and Africa
North America accounts for almost half of the market share in this segment.

Regional/ Geographic Analysis

The United States is the market leader with an overwhelming market share but the rise in PET procedures has led to healthcare reforms which limited the number of reimbursements for PET procedures which led to a reduction in demand. This in conjunction with the limited supply of radio pharmaceuticals has led to the U.S market becoming static.China and Japan in particular and Asia-Pacific in general, provide huge opportunities for increasing sales of PET equipment. This is mostly due to the increasing demand for PET systems and sale of more PET systems.

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Key Players

Some of the major players in this market include Philips, Siemens, Positron Corporation, CardiArc Ltd, Digirad Corporation, GE Healthcare, Gamma Medica Inc., Hologic Inc., Toshiba Corporation, Mediso Ltd. And Hitachi Corporation.

Report ContentsRegional AnalysisReport Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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