PUBLISHER: 360iResearch | PRODUCT CODE: 1470851
PUBLISHER: 360iResearch | PRODUCT CODE: 1470851
[180 Pages Report] The PET-CT Scanners Market size was estimated at USD 2.69 billion in 2023 and expected to reach USD 2.82 billion in 2024, at a CAGR 5.15% to reach USD 3.82 billion by 2030.
Positron emission tomography-computed tomography (PET-CT) scanners are advanced medical imaging devices that combine the functional imaging capabilities of PET with the structural insights provided by CT. This synergistic approach allows for detailed visualization of the body structure and metabolic function, proving crucial in diagnosing, staging, and managing various diseases, notably cancer, heart disease, and certain brain disorders. The growing incidences of chronic diseases worldwide and proliferating applications of PET-CT scanners for cancer diagnosis may increase the adoption of positron emission tomography-computed tomography (PET-CT) scanners. However, the shorter shelf-life and inadequate availability of radiopharmasists may impede the market's growth. Nevertheless, the evolving government initiatives for chronic disease diagnostics and ongoing advancements in PET-CT scanner technology are anticipated to create potential opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 2.69 billion |
Estimated Year [2024] | USD 2.82 billion |
Forecast Year [2030] | USD 3.82 billion |
CAGR (%) | 5.15% |
Type: Full Ring PET scanners providing advanced correction algorithms for scatter and attenuation
Full-ring PET scanners are state-of-the-art diagnostic imaging devices used in medical settings, particularly for oncology, neurology, and cardiology. These scanners feature a full ring of detectors encircle the patient, providing a complete 360-degree view. This comprehensive coverage allows for high-resolution images and enhanced sensitivity, enabling the detection of smaller lesions and providing accurate quantification of tracer uptake. Partial-ring PET scanners offer a more compact and often cost-effective alternative to full-ring devices. These systems do not completely enclose the patient, having a set of detectors arranged in an arc or partial circle. While a comprehensive 360-degree scan is impossible in a single static position, it enables PET imaging through detector rotation or by obtaining multiple images as the patient moves through the arc. They are instrumental in clinical settings with space restrictions or budget constraints. Additionally, the open design can be advantageous for claustrophobic patients or for particular clinical procedures where access to the patient is necessary during scanning.
Modality: Significant demand for portable PET-CT scanners provides increased flexibility
A fixed PET-CT scanner is a medical imaging equipment that combines positron emission tomography (PET) and computed tomography (CT) technologies in a single device. Fixed PET-CT scanners are typically stationed in hospitals, diagnostic centers, and specialized clinics. They are characterized by their larger size, higher power, and full suite of features. Fixed machines provide high-resolution images and have advanced technology, contributing to their higher accuracy and efficacy in diagnosing complex conditions. On the other hand, the portable PET-CT scanner is a medical imaging device designed to be transportable. Unlike fixed PET-CT scanners, which are permanently installed in dedicated imaging facilities, portable PET-CT scanners can be moved to different locations within a hospital or medical facility. Portable scanners are flexible and especially beneficial when patient transport is risky or unfeasible.
Application: Potential utilization of PET-CT scanners in oncology to assess the effectiveness of cancer therapies
PET-CT scanners are increasingly utilized in the field of cardiology for their capacity to provide detailed images of the heart's metabolism and perfusion. PET-CT imaging is an effective tool for detecting areas of the heart with reduced blood flow, helping diagnose ischemic heart diseases, including coronary artery disease (CAD). PET-CT imaging is pivotal in diagnosing and managing various neurological disorders in neurology. It is notably significant in the evaluation of patients with dementia, including Alzheimer's disease, where it can indicate the presence of amyloid plaques or tau protein tangles. PET-CT is also instrumental in the localization of epileptic foci, particularly in cases where patients are candidates for surgical intervention. Oncology is the primary specialty where PET-CT scanners have been adopted extensively. The dual imaging technique is vital in detecting, staging, and monitoring various cancers. It is integral to treatment planning by contributing to identifying the primary tumor site, detecting regional lymph node involvement, and searching for distant metastases.
End-User: High demand for PET-CT scanners in hospital facilities to provide comprehensive diagnostic and treatment
Academic and research institutes represent a significant segment of the PET-CT scanner market. These entities prioritize advanced imaging equipment for cutting-edge oncology, neurology, and cardiology research. PET-CT scanners are crucial for these institutes as they offer precise diagnostic capabilities and contribute to developing novel therapies. Diagnostic imaging centers are vital end-users in the PET-CT scanner market, focusing primarily on providing medical imaging services to patients. PET-CT scanners are used in diagnostic imaging centers for several reasons, as they offer a powerful combination of functional and anatomical imaging capabilities. Hospital facilities integrate PET-CT scanners into their radiology departments to provide comprehensive diagnostic and treatment planning services, especially for cancer patients. Large hospitals and medical centers often have the financial capacity to invest in multiple scanners to meet the high demand for imaging services.
Regional Insights
The positron emission tomography-computed tomography (PET-CT) scanners market is highly growing in the Americas due to its well-established healthcare infrastructure, high patient awareness, and substantial investments in research and development. Increasing healthcare expenditures, an aging population, and promising potential due to economic diversification efforts undertaken by the United Arab Emirates, Saudi Arabia and the United Arab Emirates (UAE) are driving the adoption of PET-CT scanners in EMEA. The Asia-Pacific region is witnessing growth in the PET-CT scanners market owing to the improving healthcare facilities and an increasing number of private diagnostic centers in countries including China, Japan, India, and South Korea. Besides, significant government investments in healthcare infrastructure from private sector entities are anticipated to encourage the growth of the PET-CT scanners market in APAC.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the PET-CT Scanners Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the PET-CT Scanners Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the PET-CT Scanners Market, highlighting leading vendors and their innovative profiles. These include Biosensors International Ltd., Bruker Corporation, Canon Medical Systems Corporation, Cardinal Health, Inc., CMR Naviscan Corporation, Cubresa Inc., Esaote SpA, Fujifilm Holdings Corporation, GE HealthCare Technologies Inc., Hitachi Ltd., Koninklijke Philips N.V., Mediso Ltd., MinFound Medical Systems Co., Ltd., MR Solutions Ltd., Neusoft Medical Systems Co., Ltd., PerkinElmer, Inc., Positron Corporation, Segami Corporation, Shimadzu Corporation, Siemens Healthineers AG, Sofie Biosciences, Inc., Toshiba Corporation, TRIVITRON Healthcare, United Imaging Healthcare Co., Ltd., and Yangzhou Kindsway Biotech Co.,Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the PET-CT Scanners Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the PET-CT Scanners Market?
3. What are the technology trends and regulatory frameworks in the PET-CT Scanners Market?
4. What is the market share of the leading vendors in the PET-CT Scanners Market?
5. Which modes and strategic moves are suitable for entering the PET-CT Scanners Market?