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

The PET/CT systems market is a growing segment of the medical imaging equipment industry. Positron Emission Tomography (PET) and Computed Tomography (CT) systems combine two imaging modalities to provide detailed images of various bodily functions and structures. These systems are used for the diagnosis, treatment planning, and monitoring of various medical conditions, including cancer, heart disease, and neurological disorders. The market is expected to grow due to the increasing demand for early and accurate diagnosis, growing prevalence of chronic diseases, and advancements in technology. The market is highly competitive, with several leading companies offering various PET/CT systems with advanced features.

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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.

Companies

Siemens AG
Overview
Key Financials
SWOT Analysis
Key Developments
Marketing Strategy
General Electric Company
Koninklijke Philips N.V.
Hitachi, Ltd.
Canon Inc.
Neusoft Corporation
MinFound Medical Systems Co., Ltd

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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.

Segmentation

The report on PET/CT systems offers a comprehensive taxonomy of the PET/CT systems market based on the isotopes, applications, product type, end use, modality, and region.

By product type, the PET/CT systems market is segmented into high-range slice PET/CT systems (20), and middle-range slice PET/CT systems (21-64). By modality, the PET/CT systems market is segmented into mobile PET/CT systems and fixed PET/CT systems.

By isotopes, the PET/CT systems market is segmented into 18 F Sodium Fluoride, Gallium, Flurodeoxyglucose, 62 Cu ATSM, Thallium, FMISO, and others. By end use, the PET/CT systems market is segmented into diagnostic centers, hospitals, specialty clinics, and cancer research centers.

By application, the PET/CT systems market is segmented into cardiology, neurology, oncology, and others. The PET/CT systems market has been analyzed across all the regions of Europe, Latin America, North America, East Asia, Oceania, South Asia, and the MEA (Middle East & Africa).

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