03-15-2019 01:44 PM CET - Health & Medicine
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PET-CT Scanner Device Market to Witness Enhanced Growth During 2018-2026 Appraised By Global Players General Electric Co., Hitachi, Ltd., Mediso Ltd., Koninklijke Philips N.V., PerkinElmer, Inc.

Press release from: Coherent Market Insights
Global PET-CT Scanner Device Market
Global PET-CT Scanner Device Market
Positron Emission Tomography (PET) and Computer Tomography (CT) scanners are combined to provide utmost diagnostic capabilities to patients. This combination produces a highly sensitive imaging and detects diseases at an early stage that are often undetected by CT alone or by other imaging procedures such as magnetic resonance imaging (MRI). The CT component of the system adds anatomical information to the PET scan and provides accurate information on the location of disease in the body. These equipment are used for diagnosis of different types of cancers, such as colorectal cancers and lymphomas, as well as some neurological and cardiac conditions.

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Increasing Prevalence Of Chronic Diseases And Rising Geriatric Population Is Expected To Drive The Pet-Ct Scanner Device Market Revenue:

Rising prevalence of infectious and chronic diseases such as cancer and heart disease across the globe and increasing demand for effective diagnostic systems is expected to drive the PET-CT scanner market size. According to the National Centre for Health Statistics, 2011, heart disease is the leading cause of death in the U.S., killing over 600,000 people each year.

According to the International Agency for Research on Cancer (IARC), in 2012, an estimated 14.1 million new cancer cases were reported, globally. Among these, the most common form of cancer was lung cancer (13%), breast cancer (11.9%), and colorectal cancer (9.7%). According to the Centers for Disease Control and Prevention (CDC), February 2018 data, around 22,000 men and 9,000 women suffer from liver cancer, and around 16,000 men and 8,000 women die due to liver cancer, every year in the U.S.

Moreover, rising cases of brain illness such as Alzheimer’s and traumatic brain injury is also contributing to market growth. For instance, according to the Alzheimer’s Association, in 2017, over 5 million people were estimated to be suffering from Alzheimer’s disease, which was also reported to be the sixth-leading cause of death in the U.S.

PET-CT Scanner Device Market - Regional Insights

On the basis of region, the global PET-CT scanner device market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global PET-CT scanner device market, owing to rising number of traumatic brain injury cases in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2013, around 282,000 people were diagnosed with brain injury and around 50,000 people died due to traumatic brain injury in the U.S. It is estimated to be a major cause of disability and death in the U.S.

Europe is also expected to show significant growth in the PET-CT scanner device market, owing to huge number of installed devices and presence of major industry players such as Koninklijke Philips N.V., Siemens AG, and others in the region contributing major revenue share to the market. According to the European Association of Nuclear Medicine (EANM) Annual Congress held in France, in 2012, there were 577 providers of PET and/or PET/CT in Western Europe, and PET/CT accounted for 92% of the installed systems.

Moreover, the installed base of PET-CT continues to shift from larger institutions into settings such as general hospitals and private practice. Increasing government funding is also a major factor for the technology adoption. For instance, in England, as of August 2015, PET-CT is funded centrally by the National Health Service (NHS) England.

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PET-CT Scanner Device Market - Competitive Landscape

Key players operating in the global PET-CT scanner device market include General Electric Co., Hitachi, Ltd., Mediso Ltd., Koninklijke Philips N.V., PerkinElmer, Inc., Positron Corporation, Siemens AG, Shimadzu Corporation, Toshiba Corporation, and Yangzhou Kindsway Biotech Co. Ltd. Manufacturers are continually bringing in new PET/CT design.

Detailed Segmentation:

Global PET-CT Scanner Device Market, By Detector Type:
FluroDeoxyGlucose (FDG)
62CU ATSM
FMISO
Gallium
Thallium
Others

Global PET-CT Scanner Device Market, By Setting:
Fixed
Mobile

Global PET-CT Scanner Device Market, By Application:
Cardiology
Oncology
Neurology
Others

Global PET-CT Scanner Device Market, By End User:
Hospitals
Diagnostic Centers
Research Institutes

Global PET-CT Scanner Device Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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