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| Positron Emission Tomography (PET) Scanners Market |
The global Positron Emission Tomography (PET) Scanners Market is estimated to be valued at US$ 1,221.7 Mn in 2022 and is expected to exhibit a CAGR of 3% over the forecast period 2020-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Positron Emission Tomography (PET) scanners are imaging devices used to detect
various diseases and conditions, such as cancer, cardiovascular diseases, and
neurological disorders. These scanners provide detailed images of the
functioning of organs and tissues by injecting a radioactive substance into the
body. The advantages of PET scanners include early detection of diseases,
accurate assessment of treatment effectiveness, and monitoring disease
progression. The need for PET scanners is driven by the increasing prevalence
of cancer and other chronic diseases, growing demand for non-invasive
diagnostic techniques, and advancements in imaging technology.
Market Key Trends:
One key trend observed in the Positron Emission Tomography (PET) Scanners
Market is the increasing adoption of hybrid PET scanners. Hybrid PET scanners
combine PET imaging with other imaging techniques, such as computed tomography
(CT) or magnetic resonance imaging (MRI), to provide more accurate and
comprehensive diagnostic information. These hybrid scanners allow for better
localization and characterization of abnormal tissues and improve diagnostic
accuracy. The growing preference for precise diagnosis and personalized
treatment plans is driving the demand for hybrid PET scanners in the market.
Moreover, technological advancements in PET scanner design and software
integration are further enhancing the performance and utility of hybrid PET
scanners.
Segment Analysis:
The positron emission tomography (PET) scanners market can be segmented based
on type, application, and end user. In terms of type, the PET scanners market
can be further categorized into full ring PET scanners and partial ring PET
scanners. Full ring PET scanners dominate the market due to their higher
accuracy and better image quality. These scanners are widely used in the
diagnosis and treatment of various types of cancer, as they provide more
precise information about the tumor and its spread. The full ring PET scanners
segment is expected to continue dominating the market during the forecast
period.
Key Takeaways:
The global Positron
Emission Tomography (PET) Scanners Market Growth is expected to witness
high growth, exhibiting a CAGR of 3%
over the forecast period of 2020-2030. The increasing prevalence of cancer and
other chronic diseases, along with advancements in imaging technologies, are
driving the growth of the market. PET scanners play a crucial role in the early
diagnosis, staging, and monitoring of cancer, leading to the increasing demand
for these devices.
In terms of regional analysis, North America is the fastest-growing and
dominating region in the PET scanners market. This can be attributed to the
presence of advanced healthcare infrastructure, increasing healthcare
expenditure, and a high prevalence of cancer in the region. The growing
geriatric population and rising awareness about the benefits of early disease
detection are also contributing to the market growth in North America.
Key players operating in the PET scanners market include GE Healthcare, Toshiba
Corporation, Koninklijke Philips N.V., Siemens Healthineers, Hitachi Medical
Corporation, Positron Corporation, Mediso Ltd., and Yangzhou Kindsway Biotech
Co., Ltd. These key players focus on strategic partnerships and collaborations
to expand their product portfolio and market presence. Additionally, they
invest heavily in research and development activities to introduce innovative
and technologically advanced PET scanners in the market. The competitive
landscape of the PET scanners market is highly fragmented, with several
multinational and regional players vying for market share.
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 Scanners Market Estimated to Reach US$ 1,221.7 Mn by 2022){kind=link}
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