Global PET/CT Systems Market 2023: Rising Demand for Cancer Monitoring to Fuel Adoption

PET/CT systems are expected to continue to incorporate the highest clinical performance of PET as well as CT, and further evolve in parallel with these modalities for a long period. Constant developments in the radiopharmaceuticals used by PET/CT systems and increased government support for the research and development of these radiopharmaceuticals for medical imaging is expected to propel the PET/CT systems market during the forecast period. According to the latest research by PMR, the global PET/CT systems market is expected to account for more than 3.0 billion US$ in terms of value, by the end of 2028. The PET/CT systems report also projects a significant growth potential, with an average Y-O-Y growth rate pegged at 6.2% through 2028.

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PET/CT Systems Market: Dynamics

High capital investments are expected to be recovered by increased medical efficacy and patient throughput, leading to a decrease in the effective cost per image. According to various research studies, excluding additional costs, the usage of PET/CT systems is cost-efficient as these systems help avoid additional invasive procedures or imaging examinations. According to the president of Clinical Radiologists, Springfield, a new PET/CT systems costs around US$ 2 Million and a high-end CT system costs around US$ 1 Million. It costs around US$ 600,000 - US$ 700,000 less to buy Biograph mCT, as compared to purchasing 2 different high-end systems. Moreover, the device can be stored in a single room.

Furthermore, PET is quite a lengthy procedure that requires transmission as well as emission scans. The fusion image by PET/CT systems was projected to result in time saving for almost about 20-30 minutes per patient, which led to a 40% increase in patient output. According to a research study published by National Center for Biotechnology Information, the U.S., the metastases found in 16% of cancer patients, which was initially deemed resectable, led to cost savings amounting to US$ 1,066 per patient with the usage of PET/CT systems.

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Increasing Prevalence of Lifestyle Related Diseases
Lifestyle-related diseases, such as obesity and cardiovascular diseases, have been a worldwide threat and are majorly responsible for the high mortality rates. Lifestyle diseases, such as hypertension, diabetes mellitus, overweight/obesity, and dyslipidaemia, are among the major risk factors that can lead to the development of cardiovascular diseases.

According to the National Center for Biotechnology Information, cardiovascular diseases are estimated to be a major cause of mortality, and represent around 30% of all the deaths worldwide. Thus, the increasing prevalence of lifestyle-related diseases has boosted the demand for medical imaging, which is expected to contribute to the growth of PET/CT systems over the forecast period.

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