Positron Emission Tomography (PET) Scanners Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Positron Emission Tomography (PET) Scanners Market Achieve During 2025–2034, and What Does It Indicate?
In recent times, the market size of positron emission tomography (PET) scanners has seen robust growth. The market is predicted to expand from a value of $1.51 billion in 2024 to reach $1.6 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.5%. Various factors have contributed to the growth seen in the past, including Novelties in radiopharmaceuticals, a rise in cancer diagnoses, wider clinical applications, improvements in healthcare infrastructure, and a heightened focus on early disease detection.
The market for positron emission tomography (PET) scanners is projected to witness notable growth in the coming years, increasing to a value of $1.97 billion by 2029, with a CAGR of 5.4%. This expected growth during the forecast period can be linked to a rise in neurological disorder cases, the incorporation of AI in imaging diagnostics, advances in oncology research and personalized medication, and the extended use of PET in cardiology, all coupled with a surge in the elderly population. Key trends in the forecast period comprise of technological breakthroughs in imaging, progress in digital detector technology, the introduction of total-body PET scanners, an increased use in neurology, and the development of hybrid PET/MRI systems.
Which Factors Are Enhancing the Growth of the Positron Emission Tomography (PET) Scanners Market?
The rise in brain disease instances is forecasted to stimulate the expansion of the positron emission tomography (PET) scanners market. Brain disorders, caused by sickness, genetic factors, or traumatic injury, can interfere with normal brain operation. PET imaging employs a radioactive material, a tracer, to help visualize both normal and abnormal metabolic activity in the brain. These scans also provide valuable data on brain function, disease progression, treatment responses, and can diagnose conditions that may not be evident on other imaging types. For example, as per the Alzheimer’s Association, a non-profit organization based in the United States, there are about 6.9 million Americans over the age of 65 living with Alzheimer’s dementia as of March 2024. This number is projected to jump to 13.8 million by 2060. Hence, the uptick in brain disease cases propels the growth of the positron emission tomography (PET) scanners market.
Positron Emission Tomography (PET) Scanners Market Driver: Rising Instances Of Alzheimer’s Disease Trigger Market Growth
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Who Are the Key Firms Paving the Way for Growth in the Positron Emission Tomography (PET) Scanners Market?
Major companies operating in the positron emission tomography (pet) scanners market report are Clarity Pharmaceuticals Ltd., Hitachi Ltd., Eli Lilly and Company, Canon Medical Systems USA Inc., Toshiba Corporation, Siemens Healthineers, Fujifilm Holdings Corporation, Koninklijke Phillips N.V., GE HealthCare, Perkin Elmer Inc., CMR Naviscan Corporation, Shimadzu Corporation, Neusoft Medical Systems Co. Ltd., Blue Earth Diagnostics Limited, Mediso Medical Imaging Systems, Cubresa Inc., Oncovision, Radiology Oncology Systems Inc., FMI Medical Systems Inc., Edger Systems LLC, Mediso Ltd., MR Solutions Group Ltd., Modus Medical Devices Inc., MinFound Medical Systems Co. Ltd, PETsys Electronics SA, Yangzhou Kindsway Biotech Co. Ltd., Positron Corporation, RefleXion Medical
What Are the Most Influential Trends Currently Shaping the Positron Emission Tomography (PET) Scanners Market?
Leading firms in the positron emission tomography (PET) scanner market are employing innovative technologies like the Optiso Ultra Dynamic Range (UDR) detector to create cutting-edge products and offer reliable services to their clients. This new generation PET detector utilizes multiple technologies to deliver exceptional performance across various count rates, enhancing the quality of imaging and diagnostic precision, particularly for patients with high-activity tracers. For example, Siemens Healthineers AG, a German healthcare solutions and services company, introduced the Biograph Vision X, a succeeding generation PET/computed tomography (PET/CT) scanner, in June 2023. It incorporates the Optiso Ultra Dynamic Range (UDR) detector technology that leverages silicon photomultipliers (SiPMs), enabling small 3.2 mm x 3.2 mm lutetium oxyorthosilicate (LSO) crystal elements usage. This results in improved spatial resolution than what larger crystals offer. Plus, it provides a time of flight (TOF) of 178 picoseconds (PS). The scanner achieves an outstanding 48-mm3 volumetric resolution and a 20% performance increase (TOF gain) by using these incredibly small LSO crystals entirely covered by SiPMs.
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Which Key Segments Define the Structure of the Positron Emission Tomography (PET) Scanners Market and Their Growth Potential?
The positron emission tomography (PET) scanners market covered in this report is segmented –
1) By Modality: PET-CT (Positron Emission Tomography-Computed Tomography), PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging)
2) By Detector Type: Gadolinium Oxyorthosilicate, Lutetium Fine Silicate, Bismuth Germanium Oxide, Lutetium Oxyorthosilicate
3) By Application: Cardiology, Neurology, Oncology, Orthopedics, Urology, Gastroenterology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By PET-CT (Positron Emission Tomography-Computed Tomography): Standalone PET-CT Systems, Hybrid PET-CT Systems
2) By PET-MRI (Positron Emission Tomography-Magnetic Resonance Imaging): Dedicated PET-MRI Systems
Which Regions Are Essential for the Growth of the Positron Emission Tomography (PET) Scanners Market?
North America was the largest region in the positron emission tomography (PET) scanners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (pet) scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Definition of the Positron Emission Tomography (PET) Scanners Market Impacting Future Growth?
A positron emission tomography (PET) scanner is a medical imaging device that creates detailed three-dimensional images of the internal structures of the human body. It uses a radioactive substance to assess and detect various chronic diseases by analyzing the functions of multiple organs. PET scanners are primarily used to detect cancer and evaluate cancer treatment.
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