PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550559
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550559
Global positron emission tomography (PET) scanners market is estimated to be valued at USD 2.41 Bn in 2024 and is expected to reach USD 3.52 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 2.41 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.60% | 2031 Value Projection: | US$ 3.52 Bn |
Positron emission tomography (PET) is a nuclear medicine functional imaging technique that produces three-dimensional images of functional processes in the body. PET scanners are typically used to observe the metabolic processes in the body as an aid or alternative to invasive procedures with contrast-enhanced CT or MRI imaging. PET scans are often used to detect and diagnose cancer or cardiovascular disease, assess the stage of disease, and see how well cancer tumors respond to treatment. Significant technological advancements in PET imaging have allowed for improved resolution and sensitivity, enabling improved detection and characterization of tumours, metastases, and other abnormalities. Advantages such as high sensitivity and utility in staging and restaging of cancer can drive the market growth.
Global positron emission tomography (PET) scanners market growth is driven by rising prevalence of chronic diseases such as cancer and cardiac disorders worldwide. Cancer being one of the leading causes of mortality, early accurate diagnosis and staging is crucial. PET imaging provides functional information and helps detect cancer in early stages. Moreover, technological advancements enabling hybrid scanners with improved resolution and shorter scanning times can drive the market growth. However, high equipment costs and scarcity of skilled professionals can hamper the market growth. Limited reimbursements and regulatory hurdles for new systems can also hamper the market growth. Emerging economies with growing healthcare investments can offer growth opportunities.
This report provides in-depth analysis of the global positron emission tomography (PET) scanners market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include Koninklijke Philips, United Imaging Healthcare, Siemens Healthineers, Canon Inc., and Hologic, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global positron emission tomography (PET) scanners market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global positron emission tomography (PET) scanners market
Detailed Segmentation-