PET MRI Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global PET MRI market is forecasted to experience remarkable growth, reaching a value of US$ 370 Mn by 2031, with a notable Compound Annual Growth Rate (CAGR) of 10.0% between 2024 and 2031. This growth trajectory is attributed to the increasing adoption of PET MRI systems across various neurological applications, driven by their ability to provide high-resolution, 3D imaging of physiological, functional, and molecular targets.
Driving Factors
PET MRI systems offer a unique synergy between PET and MRI technologies, allowing for enhanced imaging capabilities and better correspondence to anatomical structures and pathological changes. The effectiveness of MRI in imaging the brain's morphology, combined with its ability to assess metabolic and physiological parameters, such as edema, perfusion, and functional activation, is expected to fuel demand for PET MRI systems in the coming years.
Furthermore, the integration of PET and MRI technologies has opened new avenues in multiparametric neuroimaging, enabling simultaneous observation of biochemical and physiological processes. The prominence of preclinical imaging in the PET MRI market is particularly noteworthy, with preclinical PET MRI systems dominating the market share, driven by extensive preclinical studies and strategic alliances among key players.
Technological Advancements
As the market evolves, technological advancements, such as the development of helium-free PET MRI systems, are expected to drive growth. Helium-free MRI machines integrated with PET systems offer enhanced versatility and efficiency, catering to the growing demand for molecular research across neurology, cardiology, and oncology.
Impact of COVID-19
While the COVID-19 pandemic temporarily shifted priorities within the healthcare sector, the post-pandemic era has witnessed a resurgence in demand for PET MRI systems. Patients with chronic ailments are showing increased cautiousness towards diagnosis, driving the demand for advanced imaging solutions.
Competitive Analysis
Key companies contributing to the growth of the global PET MRI market include GE Healthcare, Siemens AG, Koninklijke Philips N.V., United Imaging, Bruker, Mediso Ltd., Aspect Imaging, Cubresa Inc., Inviscan SAS, and MR Solutions. These companies are actively engaged in innovation and strategic partnerships to expand their market presence and meet the evolving demands of healthcare providers worldwide.
Key Segments Covered in PET MRI Market
PET MRI Market by Product Type
• Integrated
• Separate
• Insert
• Hybrid
PET MRI Market by PET Imaging Technology
• Conventional
• Time of Flight
PET MRI Market by Image Acquisition
• Sequential PET MRI Scanners
• Simultaneous PET MRI Scanners
PET MRI by Application
• Pre-clinical PET MRI Systems
• Clinical Pet MRI Systems
PET MRI Market by End-user
• Hospitals
• Diagnostic Laboratories
• Research Institutes
• Biopharmaceutical Co.
PET MRI Market by Region
• North America PET MRI Market
• Latin America PET MRI Market
• Europe PET MRI Market
• Japan PET MRI Market
• APEJ PET MRI Market
• Middle East & Africa (MEA) PET MRI Market
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