Positron Emission Tomography (PET) Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Positron Emission Tomography (PET) Market Size Research Report – In a Glance

As per the Research report on global Positron Emission Tomography (PET) market, the market is projected to foresee a CAGR of 6.8% between 2024-2033, and further generate a market size of USD 3.7 billion by the end of 2033. In the year 2023, the market size was valued at USD 2.6 billion.

• The global Positron Emission Tomography (PET) market is projected to grow on account of the Increasing cases of Cancer.
• In Japan, the Positron Emission Tomography (PET) market growth can be attributed to the Advancement in Imaging Technology.
• KDMI analyst’s growth analysis foresees Radiation Exposure Concern to challenge the market growth.
• The North America Positron Emission Tomography (PET) market is projected to dominate the global market.

Positron Emission Tomography (PET) Market Analysis

Positron Emission Tomography also known as PET, is a nuclear medicine imaging technique which utilizes radioactive substances to visualize and measure metabolic processes in the body. The radioactive component used in this technique are known as radiotracers. During a PET scan, the radiotracer emits positrons, which are the positively charged particles which when collide with the electrons in the body, they end up producing gamma rays. This data is processed and used to create a detailed image of organs and tissues showing how they are working at cellular level.  The global Positron Emission Tomography (PET) market is expected to grow on account of the Increasing cases of Cancer.

PET imaging technique plays an important role in the diagnosis of cancer, staging, and treatment monitoring by providing detailed metabolic information of the body at cellular level.  Its ability to detect and characterize tumors accurately has increased its adoption worldwide. According to reports, 35 million new cancer cases are predicted to be diagnosed till 2050, which is a 77% increase from the 20 million cases in 2022, driving the growth of the market. Agfa Healthcare, CMR Naviscan, and General Electric Company are some of the significant parties in the global market for Positron Emission Tomography (PET).

Analyst’s Observation on Japan Positron Emission Tomography (PET) Market Research

In Japan, the market growth for Positron Emission Tomography (PET) can be attributed to the Advancement in Imaging Technology. Continuous innovations in PET scanners enhance the imaging resolution and sensitivity of the diagnosis, which improves the accuracy. This technological progress leads to more precise visualization and characterization of the disease at cellular level, resulting in increased adoption of PET for clinical applications such as cancer and neurological disorders.

According to reports, a new brain PET scanner with motion corrected called “HIAS-29000” is developed by Japanese scientists and is approved as a medical device, which shows the potential of the market to grow in the upcoming years. Shimadzu Corporation, Hitachi, and Canon Medical System are some of the significant parties in the market for Positron Emission Tomography (PET) in Japan.

Positron Emission Tomography (PET) Market Growth Drivers and Challenges

• Rising Geriatric Population:

Geriatric population refers to the individuals who are aged 65 years or older. Growing elderly makes an individual’s body more prone to chronic diseases which increases the need for diagnostic tools like PET for early diagnosis and treatment.

• Radiation Exposure Concern:

Potential health risks associated with the exposure to radiation during PET scans scares patient to go for the diagnosis, which affects the growth of the market.

Positron Emission Tomography (PET) Market Segmentation

Our experts at KD Market Insights have segmented the global Positron Emission Tomography (PET) market research report as:

Positron Emission Tomography (PET) Market Regional Synopsis

The North America Positron Emission Tomography (PET) market is majorly driven by rising number of diseases and increasing investment in healthcare. As chronic diseases such as cancer and neurological disorders rise in number, the demand for advanced diagnostic tools like PET scanner also rises. Also, the rising investment in healthcare facilities and technological advancement, enhances the capabilities of diagnosis and treatment planning. These factors collectively drive the market growth. According to reports, the federal government spent nearly USD 1.5 trillion on health care in the year 2022, driving the growth of the market.

As per our analysts at KD Market Insights, the following five players lead the North America Positron Emission Tomography (PET) market growth:

• Siemens Healthineers
• GE Healthcare
• Philips Healthcare
• Spectrum Dynamics Medical
• Cubresa Inc.

Positron Emission Tomography (PET) Market Competitive Landscape

Some of the key players who top the global Positron Emission Tomography (PET) market share:

• Agfa Healthcare
•  CMR Naviscan
•  General Electric Company
•  Neusoft Corporation
•  Oncovision
•  Koninklijke Philips NV
• Positron Corporation
•  Siemens Healthineers AG
•  Segami Corporation
•  Biosensors International
•  Cardinal Health
•  Mediso Ltd

Positron Emission Tomography (PET) Market Recent Developments

• Positron Corporation, a nuclear medicine PET imaging device systems and clinical services company, announced its first PET-CT system has been purchased and is in transit from its partner Neusoft Medical Systems.
• Radialis Inc. received clearance to market the Radialis PET Imager, an organ-targeted positron emission tomography (PET) system, in the United States. The advanced sensitivity of the Radialis PET Imager to radiotracer enables the system to produce functional images with high spatial resolution, expanding the insight available from molecular imaging.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Positron Emission Tomography (PET) Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product
      2. By Application
      3. By End-User
      4. By Region
5. Market Segmentation by Product
   1. Standalone PET System
   2.  PET/CT System
   3.  PET/MRI System
6. Market Segmentation by Application
   1. Oncology
   2.  Cardiology
   3.  Neurology
7. Market Segmentation by End-User
   1. Hospitals & Surgical Centers
   2. Diagnostic & Imaging Clinics
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product, by application, and by end-user
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, by application, and by end-user
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1.  Agfa Healthcare
      2. CMR Naviscan
      3. General Electric Company
      4. Neusoft Corporation
      5.  Oncovision
      6. Koninklijke Philips NV
      7. Positron Corporation
      8.  Siemens Healthineers AG
      9. Segami Corporation
      10.  Biosensors International
      11.  Cardinal Health
      12.  Mediso Ltd
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References