Positron Emission Tomography Scanners Market Overview, Analysis Trends, Share Size, Type, Demand, Key Growth and Forecasts to 2024-2031 | GE Healthcare, Toshiba Corporation, Koninklijke Philips N.V

Market Overview:

Positron Emission Tomography (PET) scanners are medical devices used for whole-body functional imaging. They help detect cancer, heart diseases, and brain disorders. PET scanners detect gamma rays emitted by a positron-emitting radionuclide tracer introduced into the body.

Market Dynamics:

The positron emission tomography scanners market is expected to witness significant growth owing to technology advancements including time-of-flight PET imaging and continuous technological upgrades in scanner designs for improved resolution. Time-of-flight PET imaging helps obtain images faster and with higher resolution. Continued technological upgrades in scanner designs such as digital photon counting and dynamic PET imaging are also fueling market growth. In addition, rising incidence of cancer and adoption of PET scans for its diagnosis will also contribute to the market growth during the forecast period. However, high cost of PET scans and limited localization of cancer cells in the body restrains the market to a certain extent.

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Top Companies Covered In This Report: GE Healthcare, Toshiba Corporation, Koninklijke Philips N.V., Siemens Healthineers, Hitachi Medical Corporation, Positron Corporation, Mediso Ltd., and Yangzhou Kindsway Biotech Co., Ltd.

Market Segmentation:

By Product Type (Full Ring PET Scanner, Partial Ring PET Scanner)

By Application (Oncology, Cardiology, Neurology, Others)

By Detector Type (Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS), Lutetium Yttrium Orthosilicate)

By End User (Hospitals, Diagnostic Centres, PET Centres, Research Institutes)

Geographically, the detailed analysis of consumption, revenue, Positron Emission Tomography Scanners Market share, growth rate, etc. of the following regions:

» North America (United States, Canada, and Mexico)
» Europe (Germany, France, UK, Russia, Italy)
» Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
» Latin America (Brazil, Argentina, Colombia)
» Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Rising Prevalence of Chronic Disorders is Driving the Market Growth

The rising incidence and prevalence of chronic diseases such as cancer, cardiovascular diseases and neurological disorders has significantly fueled the demand for advanced medical imaging techniques. The growing adoption of positron emission tomography (PET) scanners for early detection and effective management of these chronic conditions is one of the major factors positively impacting the market growth. For instance, according to cancer statistics, nearly 1.8 million new cancer cases are expected to be diagnosed in the United States in 2020. PET scans play a vital role in the staging, restaging and monitoring of cancer which has increased its use in oncology.

Increasing Research & Development Investments are Propel the PET Scanner Demand

Significant investments in research and development of novel radiotracers and scanner technologies by both public and private organizations are encouraging innovation and expanding clinical applications of PET imaging. Manufacturers are increasingly focusing on developing advanced digital PET systems integrated with CT and MRI with improved resolution and shortened scanning time. Emergence of time-of-flight and point-spread function reconstruction technologies is further augmenting image quality. Growing clinical trials to evaluate role of PET in new areas such as neurology, cardiology and infectious diseases are broadening potential demand.

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Reimbursement Policies May Deter Market Growth

Unfavorable reimbursement scenarios related to PET imaging procedures in certain regions pose financial challenges for patients as well as healthcare providers. Many insurance companies do not provide full or partial coverage for PET scanning. Complex reimbursement guidelines regarding approved clinical indications and qualifying conditions also restrict widespread usage. High equipment costs associated with PET scanners put further financial pressure. These factors may limit market potential, especially in developing nations with large patient pools but limited medical expenditure.

Rising Geriatric Population Offers Growth Avenues

Ageing trends worldwide have significantly increased the risk of multiple chronic disorders among the geriatric population group. Growing prevalence of morbidities like Alzheimer's disease, dementia and various cancers in the elder demographic presents ample opportunities for PET in diagnosis, staging and management. Advancements in radiopharmaceuticals will augment applications in neurology and oncology among senior citizens. Low radiation dose protocols are encouraging wider utilization of PET imaging in routine geriatric care. This positive relation with rising ageing statistics provides a promising growth avenue over the forecast period.

Growing Focus on Hybrid Imaging Systems is a Key Trend

Integration of PET with other advanced modalities like CT and MRI into multi-modality imaging systems is a defining trend in the PET scanner industry. Hybrid imaging combines functional and anatomical data for more accurate detection, localization and staging. Growing awareness regarding merits of hybrid PET/CT and PET/MRI systems like improved diagnostic efficacy, shortened procedures and reduced costs is boosting their adoption worldwide. With further innovations, hybrid imaging solutions are anticipated to dominate the market in the coming years as they effectively address unmet needs in disease management.

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𝐅𝐀𝐐'𝐬

Q.1 What are the main factors influencing the Positron Emission Tomography Scanners market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market's opportunities, risks, and general structure?
Q.4 Which of the top Positron Emission Tomography Scanners Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Positron Emission Tomography Scanners market's distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area's assessment of agreements, income, and value implicate?

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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