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Key Influencer in the Positron Emission Tomography (PET) Nuclear Medicine Market 2025: Impact Of Chronic Disease Prevalence On The PET Nuclear Medicine Market Driver
Positron Emission Tomography PET Nuclear Medicine
The growth of the positron emission tomography (PET) nuclear medicine market is anticipated to be boosted by the rising incidence of chronic diseases. Chronic diseases are long-term health issues that typically last three months or more, often requiring continuous medical care or creating limitations in daily activities. Several factors such as an aging demographic, lack of physical activity, poor dietary habits, and environmental hazards contribute to the increase of chronic diseases. PET nuclear medicine plays a critical role in managing these diseases, providing innovative imaging techniques for early detection, accurate diagnosis, and continual monitoring. As per the World Health Organization (WHO), a Switzerland-based international entity, approximately 20 million new instances of cancer and 9.7 million cancer-related fatalities occurred in 2022. Furthermore, it is projected that by 2050, new cancer diagnoses could surpass 35 million, denoting a 77% increase from the 2022 statistics. Hence, the escalating frequency of chronic diseases catalyzes the expansion of the positron emission tomography (PET) nuclear medicine market.
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What is the projected compound annual growth rate (CAGR) of the positron emission tomography (pet) nuclear medicine market from 2025 to 2034, and what factors influence it?
The market for positron emission tomography (PET) within the field of nuclear medicine has experienced swift expansion in recent times. It is projected that this market will escalate from $11.49 billion in 2024 to $13.2 billion in 2025, representing a compound annual growth rate (CAGR) of 14.9%. Factors like rising incidences of cardiovascular conditions, growing healthcare spending, an uptick in urological diseases, a growing ageing population and a surge in hospital numbers have all contributed to this historic growth period.
In the upcoming years, swift expansion is projected in the positron emission tomography (PET) nuclear medicine market size, reaching $22.71 billion in 2029 with an annual growth rate of 14.5% being compound in its nature. The predicted growth in the forecasted timeframe is a result of factors such as heightened investment levels in research and development, a surge in requirement for diagnostic methods that are minimally invasive, growth in worldwide healthcare infrastructure, an increase in demand for packaging in the food and pharmaceutical sectors, and a growing occurrence of cancer. Technological advancements, combination of diagnostic methods, incorporation of artificial intelligence, digital PET systems, and tailored medicine are some significant trends expected in the forecast period.
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How are the latest trends influencing the growth of the positron emission tomography (pet) nuclear medicine market?
Leading organizations in the Positron Emission Tomography (PET) nuclear medicine market are focusing on the innovation of advanced tools, for instance, PET slice scanners, to offer impeccable images of body's metabolic activity. PET slice scanners are a breakthrough in medical imaging technology that amalgamate PET with cutting-edge computation techniques to yield detailed, transverse scans of various metabolic activities in the body, greatly benefiting in the detection and tracking of diseases, especially cancer. To illustrate, in July 2024, the US-based nuclear medicine firm, Positron Corporation, introduced NeuSight PET-CT 3D 64-slice scanner. This piece of technology redefines imaging and diagnostic accuracy by harmonizing modern technology with patient comfort and operational efficiency. It is ingeniously designed to revolutionise cardiac PET imaging and provides unmatched value and superior performance at an unparalleled cost, making it perfectly suitable for both cardiology and oncology clinical studies. Equipped with superior data gathering and advanced identification technology, the NeuSight PET-CT increases the scanning speed and precision, offering complete anatomic and functional imaging for heart, tumor, and brain studies in diverse molecular imaging applications.
What are the major segments of the positron emission tomography (pet) nuclear medicine market and their role in driving growth?
The positron emission tomography (PET) nuclear medicine market covered in this report is segmented -
1) By Type: F-18, Rb-82, Other Types
2) By Procedure: Diagnostic Procedures, Single Photon Emission Computed Tomography Procedures, Positron Emission Tomography Procedures, Therapeutic Procedures, Beta Emitter Procedures, Alpha Emitter Procedures, Brachytherapy Procedures
3) By Application: Oncology, Cardiology, Neurology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Research Institutes
Subsegments:
1) By F-18 (Fluorine-18): F-18 FDG (Fluorodeoxyglucose), F-18 NaF (Sodium Fluoride), F-18 Fluorocholine
2) By Rb-82 (Rubidium-82): Rb-82 for Myocardial Perfusion Imaging, Rb-82 for Cardiac PET Stress Testing, Rb-82 for Other Cardiac Applications
3) By Other Types: C-11 (Carbon-11), N-13 (Nitrogen-13), O-15 (Oxygen-15), Ga-68 (Gallium-68)
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Which regions are key players in the growth of the positron emission tomography (pet) nuclear medicine market?
North America was the largest region in the positron emission tomography (PET) nuclear medicine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (PET) nuclear medicine marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the positron emission tomography (pet) nuclear medicine market?
Major companies operating in the positron emission tomography (PET) nuclear medicine marker are Cardinal Health, Bayer AG, Medtronic plc, Siemens Healthineers AG, Fujifilm Holdings Corporation, Stryker Corporation, GE HealthCare Technologies Inc., Koninklijke Philips N.V., Agfa HealthCare NV, Scripps Health, Shimadzu Corporation, Jubilant DraxImage Inc., Neusoft Medical Systems Co. Ltd., Toshiba America Medical Systems Inc., Lantheus Holdings Inc., Advanced Accelerator Applications, Bruker Corporation, Eckert & Ziegler Strahlen- und Medizintechnik AG, Canon Medical Systems Corporation, Digirad Corporation, NorthStar Medical Radioisotopes LLC, Mediso Medical Imaging Systems Ltd.
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What Is Covered In The Positron Emission Tomography (PET) Nuclear Medicine Global Market Report?
•Market Size Forecast: Examine the positron emission tomography (pet) nuclear medicine market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the positron emission tomography (pet) nuclear medicine market for a structured understanding.
•Key Players Overview: Analyze major players in the positron emission tomography (pet) nuclear medicine market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the positron emission tomography (pet) nuclear medicine market.
•Segment Contributions: Evaluate how different segments drive overall growth in the positron emission tomography (pet) nuclear medicine market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the positron emission tomography (pet) nuclear medicine market.
•Industry Challenges: Identify potential risks and obstacles affecting the positron emission tomography (pet) nuclear medicine market.
•Competitive Landscape: Review strategic developments in the positron emission tomography (pet) nuclear medicine market, including expansions, agreements, and new product launches.
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