Positron Emission Tomography (PET) Market Expected to Surpass USD 4.24 Billion Mark by 2031 | Major Contributors: Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, Toshiba Medical Systems (part of Canon), Hitachi Medical Syst

USA, New Jersey: According to Verified Market Research analysis, the Positron Emission Tomography (PET) Market size was valued at USD 2.54 Billion in 2023 and is projected to reach USD 4.24 Billion by 2031, growing at a CAGR of 6.61% during the forecast period 2024-2031. The growth of the Positron Emission Tomography (PET) Market is increasingly influenced by the adoption of AI and automation technologies, which are driving efficiency, precision, and scalability across the sector. AI-powered analytics and predictive modeling enable companies to optimize operations, reduce waste, and anticipate market trends, while automation streamlines repetitive processes, minimizes human error, and accelerates production timelines.

How is AI reshaping diagnostic performance and workflow in PET imaging?

AI-driven image reconstruction and automated quantification are driving a noticeable uplift in diagnostic sensitivity and clinical throughput. Recent reports indicate that advanced algorithms are enabling clinicians to extract clearer functional signals from PET data, shorten effective scan times, and produce standardized, repeatable biomarkers that reduce interpretation variability. As a result, clinical teams are able to handle a larger caseload with fewer bottlenecks while preserving-or often improving-diagnostic confidence. These changes are seen across research and clinical centers adopting newer total-body and digital PET workflows, where AI tools are used to prioritize urgent studies, automate routine measurements, and accelerate parametric imaging that previously took much longer to produce.

Why is AI adoption altering market dynamics, access, and reimbursement for PET services?
The integration of AI is shifting how value is demonstrated to payers and health systems, which in turn is changing purchasing and service patterns in the PET market. By enabling more reproducible quantification and enhancing the clinical utility of PET exams, AI is strengthening the justification for expanded use in research, therapy monitoring, and complex systemic diseases. This is prompting a sizable portion of providers and research programs to prioritize AI-enabled platforms when planning upgrades, and is influencing policy discussions around workflow-based reimbursement and coverage for advanced imaging protocols. The net effect is a market environment where demand clusters around AI-capable solutions, access improves in centers that invest in digital workflows, and reimbursement conversations increasingly hinge on demonstrable, AI-enabled clinical impact.

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The competitive landscape of a market explains strategies incorporated by key players of the Positron Emission Tomography (PET) Market. Key developments and shifts in management in recent years by players have been explained through company profiling. This helps readers to understand the trends that will accelerate the growth of the Positron Emission Tomography (PET) Market. It also includes investment strategies, marketing strategies, and product development plans adopted by major players of the Positron Emission Tomography (PET) Market. The market forecast will help readers make better investments.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Siemens Healthineers
GE Healthcare
Philips Healthcare
Canon Medical Systems
Toshiba Medical Systems (part of Canon)
Hitachi Medical Systems
Bruker Corporation
Medtronic
PerkinElmer
Advanced Accelerator Applications (a Novartis company)
Cardinal Health
3M Healthcare
Terumo Corporation.
Positron Emission Tomography (PET) Market Segmentation

By Type

By Operation

By End-User

By Application

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The comprehensive segmental analysis offered in the report digs deep into important types and application segments of the Positron Emission Tomography (PET) Market. It shows how leading segments are attracting growth in the Positron Emission Tomography (PET) Market. Moreover, it includes accurate estimations of the market share, CAGR, and market size of all segments studied in the report.

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The regional segmentation study is one of the best offerings of the report that explains why some regions are taking the lead in the Positron Emission Tomography (PET) Market while others are making a low contribution to the global market growth. Each regional market is comprehensively researched in the report with accurate predictions about its future growth potential, market share, market size, and market growth rate.

Geographic Segment Covered in the Report:

• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)

Key questions answered in the report:

• What is the growth potential of the Positron Emission Tomography (PET) Market?
• Which product segment will take the lion's share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the Market in the years to come?
• What are the most significant challenges that the Positron Emission Tomography (PET) Market could face in the future?
• Who are the leading companies on the Positron Emission Tomography (PET) Market?
• What are the main trends that are positively impacting the growth of the market?
• What growth strategies are the players considering to stay in the Positron Emission Tomography (PET) Market?

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