Positron Emission Tomography (PET) Scanners Market to Reach US$ 1,549.77 Million by 2027

 

Positron Emission Tomography (PET) Scanners Market

Positron Emission Tomography (PET) is a medical imaging technique that uses a radioactive tracer to visualize metabolic and physiological processes in the body. The PET market has grown significantly over the years, driven by increasing demand for accurate and precise diagnosis of cancer, neurological disorders, and other diseases. In this article, we will provide an overview of the PET market, including market size, growth drivers, key players, and future trends.

The global Positron Emission Tomography Market is estimated to account for US$ 1,107.6 Mn in terms of value in 2020 and is expected to reach US$ 1,549.7 Mn by the end of 2027. The Positron Emission Tomography Market is expected to exhibit a CAGR of 4.7% during the forecast period. Increasing prevalence of cancer, neurological disorders, and cardiovascular diseases is driving the demand for PET imaging. Moreover, technological advancements in PET imaging systems, such as the introduction of hybrid PET/CT and PET/MRI systems, are further propelling market growth.

According to the World Health Organization (WHO), cancer is the second leading cause of death globally, with approximately 9.6 million deaths in 2018. Positron Emission Tomography is widely used in cancer diagnosis, staging, and treatment monitoring. It allows for the visualization of tumor metabolism and helps in differentiating between benign and malignant tumors. The increasing prevalence of cancer, particularly in developing countries, is expected to drive the demand for PET imaging.

Neurological disorders, such as Alzheimer's disease, Parkinson's disease, and epilepsy, are also major drivers of the Positron Emission Tomography Market. PET imaging is used to diagnose and monitor the progression of these diseases by visualizing changes in brain metabolism and blood flow. The rising incidence of neurological disorders, particularly in the aging population, is expected to drive the demand for PET imaging.

The Positron Emission Tomography Market is highly competitive, with several key players dominating the market. Some of the major players in the PET market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems Corporation, and Hitachi, Ltd. These companies are continuously investing in research and development to improve the accuracy and efficiency of PET imaging systems.

Siemens Healthineers is a leading player in the PET market, offering a range of PET/CT and PET/MRI systems. In 2020, the company launched its latest PET/CT system, Biograph Vision Quadra, which provides improved image quality and reduced scan time.

GE Healthcare is another major player in the PET market, offering a range of PET/CT and PET/MRI systems. The company's latest PET/CT system, Discovery MI Gen 2, provides high-resolution images and faster scan times.  Philips Healthcare offers a range of PET/CT systems, including the Vereos Digital PET/CT system, which provides enhanced image quality and reduced radiation dose.

Canon Medical Systems Corporation offers a range of PET/CT and PET/MRI systems, including the Celesteion PET/CT system, which provides high-quality images with low radiation dose. Hitachi, Ltd. offers a range of PET/CT and PET/MRI systems, including the ECHELON Smart Plus PET/CT system, which provides high-resolution images with low radiation dose.

Several types of equipment and systems, such as intraoperative X-ray, intraoperative MRI, intraoperative computed tomography (CT), intraoperative ultrasound, intraoperative radiation treatment, and others, are employed during Intraoperative Imaging.

 

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