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Top Market Shifts Transforming the Positron Emission Tomography (PET) Scanners Market Landscape: Key Insights
Positron Emission Tomography PET Scanners
What Is the Expected CAGR for the Positron Emission Tomography (PET) Scanners Market Through 2025?
Over the past few years, the market size of positron emission tomography (PET) scanners has experienced significant growth. The market, which stood at $1.51 billion in 2024, is projected to rise to $1.6 billion in 2025, representing a compound annual growth rate (CAGR) of 5.5%. Several factors have contributed to this growth during the historic period including advancements in radiopharmaceuticals, a rise in cancer diagnoses, the broadening scope of clinical applications, improvement in healthcare infrastructure, and an increased focus on early disease detection.
What's the Projected Size of the Global Positron Emission Tomography (PET) Scanners Market by 2029?
Expectations are high for notable expansion in the positron emission tomography (PET) scanners market in the coming years. It is projected to amass a value of $1.97 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.4%. This uptick for the forecasted period is ascribed to factors such as the escalating occurrence of neurological diseases, AI integration in imaging, progress in oncology research and personalized medicine, as well as wider usage in cardiology and a growing aging populace. Key trends for this period include technological breakthroughs in imaging, progress in digital detector tech, the advent of total-body PET scanners, increased application in neurology, and combined PET/MRI systems.
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Top Growth Drivers in the Positron Emission Tomography (PET) Scanners Industry: What's Accelerating the Market?
The uptick in cases of brain disorders is predicted to augment the progression of the positron emission tomography (PET) scanners market. Brain disorders, which could be a result of diseases, genetic predispositions, or traumatic injuries, can impair the normal functioning of the brain. PET scans utilise a radioactive tracer to reveal both normal and abnormal brain metabolic activity. They also track brain function, disease progression, and treatment response and can diagnose conditions unapparent in other forms of imaging. For instance, the Alzheimer's Association, a non-profit organization based in the US, stated in March 2024 that around 6.9 million American seniors aged 65 and above had Alzheimer's dementia as of 2024. This figure is predicted to rise to 13.8 million by 2060. Consequently, the expanding instances of brain disorders stimulate the growth of the positron emission tomography (PET) scanners market. Positron Emission Tomography (PET) Scanners Market Driver: The Escalating Occurrences of Alzheimer's Disease Impact on Market
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What Trends Will Shape the Positron Emission Tomography (PET) Scanners Market Through 2029 and Beyond?
Leading firms in the positron emission tomography (PET) scanner market are pushing boundaries with innovative products, taking advantage of advancements such as the Optiso Ultra Dynamic Range (UDR) detector technology. This new generation of PET detectors employs multiple technologies to guarantee optimal performance over various count rates, significantly enhancing the image quality and diagnostic accuracy of PET scans, particularly for patients with high-activity tracers. Siemens Healthineers AG, a Germany-based healthcare solution and service provider, launched the Biograph Vision X in June 2023. The next-generation PET/CT scanner is equipped with Optiso UDR detector technology that uses silicon photomultipliers (SiPMs), enabling the use of small 3.2 mm x 3.2 mm lutetium oxyorthosilicate (LSO) crystal elements. These deliver superior spatial resolution than larger crystals and offer a time of flight (TOF) of 178 picoseconds (PS). The scanner achieves an impressive 48-mm3 volumetric resolution and a 20% performance boost (TOF gain) by fully leveraging these minute LSO crystals coated by SiPMs.
What Are the Main Segments in the Positron Emission Tomography (PET) Scanners Market?
The positron emission tomography (PET) scanners market covered in this report is segmented -
1) By Modality: PET-CT (Positron Emission Tomography-Computed Tomography), PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging)
2) By Detector Type: Gadolinium Oxyorthosilicate, Lutetium Fine Silicate, Bismuth Germanium Oxide, Lutetium Oxyorthosilicate
3) By Application: Cardiology, Neurology, Oncology, Orthopedics, Urology, Gastroenterology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By PET-CT (Positron Emission Tomography-Computed Tomography): Standalone PET-CT Systems, Hybrid PET-CT Systems
2) By PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging): Dedicated PET-MRI Systems
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Which Top Companies are Driving Growth in the Positron Emission Tomography (PET) Scanners Market?
Major companies operating in the positron emission tomography (pet) scanners market report are Clarity Pharmaceuticals Ltd., Hitachi Ltd., Eli Lilly and Company, Canon Medical Systems USA Inc., Toshiba Corporation, Siemens Healthineers, Fujifilm Holdings Corporation, Koninklijke Phillips N.V., GE HealthCare, Perkin Elmer Inc., CMR Naviscan Corporation, Shimadzu Corporation, Neusoft Medical Systems Co. Ltd., Blue Earth Diagnostics Limited, Mediso Medical Imaging Systems, Cubresa Inc., Oncovision, Radiology Oncology Systems Inc., FMI Medical Systems Inc., Edger Systems LLC, Mediso Ltd., MR Solutions Group Ltd., Modus Medical Devices Inc., MinFound Medical Systems Co. Ltd, PETsys Electronics SA, Yangzhou Kindsway Biotech Co. Ltd., Positron Corporation, RefleXion Medical
Which Regions Will Dominate the Positron Emission Tomography (PET) Scanners Market Through 2029?
North America was the largest region in the positron emission tomography (PET) scanners 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) scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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