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What Is the Growth Rate of the Positron Emission Tomography (PET) Scanners Market?

The market size for positron emission tomography (PET) scanners has seen significant expansion lately. The market size is set to rise from $1.51 billion in 2024 to approximately $1.6 billion in 2025, with an impressive compound annual growth rate (CAGR) of 5.5%. The substantial growth in the preceding years can be credited to advancements in radiopharmaceuticals, a surge in cancer diagnoses, broadened clinical applications, enhanced healthcare infrastructure and a rising focus on early detection of disease.

What Growth Rate Is Forecasted for the Positron Emission Tomography (PET) Scanners Market by 2029?

Expectations are high for a robust expansion of the positron emission tomography (PET) scanners market in the forthcoming years. The market is forecasted to reach $1.97 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.4%. This projected growth is driven by factors such as the increasing occurrence of neurological diseases, the incorporation of artificial intelligence in imaging, research in oncology and personalized medicines, extended use in cardiology and a growing elderly population. Noteworthy trends expected during this forecast period include enhancements in imaging technology, progress in digital detector technology, the introduction of total-body PET scanners, increasing uses in neurology, and the emergence of hybrid PET/MRI systems.

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Which Key Companies Are Shaping the Future of 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

Which Factors Are Driving Demand in the Positron Emission Tomography (PET) Scanners Industry?

The rise in brain disorder cases is projected to fuel the positron emission tomography (PET) scanners market’s development. A brain disorder, triggered by illness, genetics, or injuries, disrupts the normal functioning of the brain. PET scans, which utilize a radioactive tracer, can display both normal and abnormal metabolic activities in the brain, monitor brain function, track disease progression, evaluate response to treatment, and diagnose conditions not visible on other imaging types. For example, in March 2024, the Alzheimer’s Association, a US non-profit organization, reported that about 6.9 million Americans aged 65 and older were living with Alzheimer’s dementia as of 2024. This number is predicted to rise to 13.8 million by 2060. As such, the rising prevalence of brain disorders is fueling the growth of the PET scanners market. Positron Emission Tomography (PET) Scanners Market Driver: The Rising Incidence of Alzheimer’s Disease and its Impact on the Market

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How Is the Positron Emission Tomography (PET) Scanners Market Segmented by Several Divisions?

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

What are the Emerging Market Trends Driving the Growth of the Positron Emission Tomography (PET) Scanners Industry?

Leading firms in the positron emission tomography (PET) scanner market are leveraging cutting-edge technologies to invent state-of-the-art products, aimed at delivering dependable services to their clientele. Among these revolutionary technologies lies the Optiso Ultra Dynamic Range (UDR) detector, a technologically advanced PET detector which employs a variety of mechanisms to deliver unrivaled performance across an extensive range of count rates, thereby enhancing image quality and the diagnostic precision of PET scans, particularly in patients presenting with high-activity tracers. For instance, in June 2023, Siemens Healthineers AG, a healthcare solutions company based in Germany, introduced the next-gen Biograph Vision X, a positron emission tomography/computed tomography (PET/CT) scanner. This innovative product was developed utilizing the Optiso Ultra Dynamic Range (UDR) detector technology, which implements silicon photomultipliers (SiPMs) facilitating the use of compact 3.2 mm x 3.2 mm lutetium oxyorthosilicate (LSO) crystal elements, thereby delivering superior spatial resolution compared to larger crystals. Moreover, the scanner, offering a time of flight (TOF) of 178 picoseconds (PS), achieves an impressive 48-mm3 volumetric resolution and a 20% performance boost (TOF gain) through the complete coating of the tiny LSO crystals with SiPMs.

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Which Regions Are Driving Growth in 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

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This Report Delivers Insight On:

1. How big is the positron emission tomography (pet) scanners market, and how is it changing globally?

2. Who are the major companies in the positron emission tomography (pet) scanners market, and how are they performing?

3. What are the key opportunities and risks in the positron emission tomography (pet) scanners market right now?

4. Which products or customer segments are growing the most in the positron emission tomography (pet) scanners market?

5. What factors are helping or slowing down the growth of the positron emission tomography (pet) scanners market?

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