PET-CT Scanners Market by Type (Full Ring PET Scanners, Partial Ring PET Scanners), Slice Count (High Slice Scanner, Low Slice Scanner, Medium Slice Scanner), Detector Type, Modality, Application, End-User - Global Forecast 2024-2030

PET-CT Scanners Market by Type (Full Ring PET Scanners, Partial Ring PET Scanners), Slice Count (High Slice Scanner, Low Slice Scanner, Medium Slice Scanner), Detector Type, Modality, Application, End-User - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the PET-CT Scanners Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing prevalence of chronic diseases across the world
Expanding application of PET-CT scanners for cancer diagnosis
Supportive government initiatives and investments in cancer diagnostics

Market Restraints

High cost and inadequate availability of radio pharmacists

Market Opportunities

Ongoing advancements in PET-CT scanner technology to enhance sensitivity and improve molecular imaging
Emerging application of PET-CT scanners for breast cancer detection

Market Challenges

Problems regarding compliance with stringent regulatory guidelines

Market Segmentation Analysis

Type: Full Ring PET scanners providing advanced correction algorithms for scatter and attenuation
Modality: Significant demand for portable PET-CT scanners provides increased flexibility
Application: Potential utilization of PET-CT scanners in oncology to assess the effectiveness of cancer therapies
End-User: High demand for PET-CT scanners in hospital facilities to provide comprehensive diagnostic and treatment

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the PET-CT Scanners Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the PET-CT Scanners Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

UK Launch of First Full Body PET Scanners to Boost Medical Discovery

Medicines Discovery Catapult, introduced PET-CT scanners the UK. These state-of-the-art scanners offer enhanced access to clinical applications, biomarker studies, and drug discovery research. With the introduction of PET-CT scanners, medical discovery is advancing at an accelerated pace, enabling faster breakthroughs and innovation in the field.

Siemens Launches New PET/CT Scanner at SNMMI 2023

Siemens unveiled a cutting-edge PET-CT scanner during the SNMMI conference in 2023. This state-of-the-art scanner presents several advancements, including enhanced imaging capabilities, reduced scan durations, and minimized radiation exposure. Additionally, it incorporates various improvements in image quality and workflow efficiency, catering to the evolving needs of healthcare professionals.

United Imaging Introduces Next-Generation PET/CT Systems and Integrated Molecular Technology Platform at SNMMI

United Imaging unveiled a new generation of PET-CT systems and an integrated molecular technology platform at the Society of Nuclear Medicine & Molecular Imaging (SNMMI) 2019 Annual Meeting. These cutting-edge PET-CT systems boast advanced technology, enabling clear imaging and improving efficiency, productivity, accuracy, and workflow integration. Additionally, the integrated molecular technology platform seamlessly combines PET-CT with artificial intelligence and software applications to facilitate a comprehensive diagnosis for cancer patients.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the PET-CT Scanners Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

This research report categorizes the PET-CT Scanners Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Full Ring PET Scanners
Partial Ring PET Scanners
Slice Count
High Slice Scanner
Low Slice Scanner
Medium Slice Scanner
Detector Type
Bismuth Germanium Oxide (BGO)
Gadolinium Oxyorthosilicate (GSO)
Lutetium Fine Silicate (LFS)
Lutetium Oxyorthosilicate (LSO)
Lutetium Yttrium Orthosilicate
Modality
Fixed
Portable
Application
Cardiology
Neurology
Oncology
End-User
Academic & Research Institutes
Diagnostic Imaging Centers
Hospitals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year