PET-CT Scanner Device Market Size, Share, Growth, Forecast, Analysis | Valuates Reports

PET-CT Scanner Device Market

The global PET-CT scanner device market was valued at $1,876.14 million in 2020, and is projected to reach $3,202.48 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.

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PET-CT Scanner Device Market by Type (Stationary Scanners and Portable/Mobile Scanner), Service Provider (Hospitals, Diagnostic Centers, and Research Institutes), Slice Count (Low Slice Scanner (64 Slices)), and Isotope/Detector Type (Flurodeoxyglucose (FDG), 62Cu ATSM, 18 F Sodium Fluoride, FMISO, Gallium, Thallium, and Others) Application (Oncology, Neurology, Cardiology, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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PET-CT Scanner Device Market Trends

The growth of the PET-CT scanner device market is driven by rise in prevalence of chronic illnesses throughout the world, growth in demand for effective diagnostic systems, and increased coverage for PET-CT scanning under Medicare. Moreover, surge in use of PET-CT for cancer diagnosis, development of newer products, and increase in investments in R&D by companies are other factors that contribute toward the growth of the market. However, limited shelf life and inadequate availability of radiopharmaceuticals are expected to hinder the market growth. Conversely, improvement in healthcare infrastructure in emerging nations offers the lucrative growth of the market.

The application of PET imaging makes it possible to monitor vital pathophysiological alternations of COVID-19 at the molecular level, and thus provides essential guidance for the subsequent diagnosis, evaluation, and treatment of COVID-19. F-labeled fluorodeoxyglucose (18F-FDG), a radiolabeled glucose analogue, is still the most commonly-used PET imaging agent in COVID-19 cases, and the integrated PET/CT system can be utilized to characterize the functional and structural changes of COVID-19 simultaneously. This use of devices in the diagnosis and evaluation of the COVID-19 helped the PET-CT scanner devices market to gain its position.

The impact of COVID-19 on the PET-CT scanner device market was recorded to be fairly positive. This was attributed to increasing use of PET-CT scan device in the diagnosis, evaluation, and treatment of COVID-19. Moreover, the cancer patients undergoing radiation therapy are at an elevated risk for the development of more severe disease. The demand for PET CT scanner devices is anticipated to rise as individuals with cancer are worried about the COVID-19 effects on them which also impacted the growth of the market.

The global PET-CT scanner device market is segmented into type, service provider, slice count, isotope/detector type, application, and region. On basis of type, the market is bifurcated into stationary scanners and portable/mobile scanners. Depending on service provider, it is classified into hospitals, diagnostic centers, and research institutes. By slice count, it is categorized into low slice scanner (64 slices). As per isotope/detector type, it is fragmented into flurodeoxyglucose (FDG), 62Cu ATSM, 18 F sodium fluoride, FMISO, gallium, thallium, and others. The applications covered in the study include oncology, neurology, cardiology, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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