Global Positron Emission Tomography Market growing at a CAGR of 5.1% from 2023 to 2031
Category : Medical Devices | Published Date : Oct 2023
Key Market Overview
Consegic Business Intelligence analyzes that the positron emission tomography market is predicted to grow at a compound annual growth rate of 5.1% from 2023 to 2031 and is expected to reach USD 2,687.62 million in 2031 and 1,802.66 million in 2023 which was valued at USD 1,725.25 million in 2022.
The report highlights the rising awareness of PET scans, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the positron emission tomography market.
Global Positron Emission Tomography Market By Overview
The positron emission tomography market is bifurcated into product type, application, and end user. Based on product type, the market is segmented into full ring and partial ring. In 2022, the full ring segment dominated the overall positron emission tomography market. Based on application, the market is segmented into oncology, cardiology, neurology, and others. In 2022, the oncology segment dominated the overall positron emission tomography market. Based on end user, the market is segmented into hospitals & clinics, diagnostic centers, and others. In 2022, the hospitals & clinics segment dominated the overall positron emission tomography market.
Get Free SampleMarket Dynamics
Driver:
- Increasing prevalence of cancer globally is driving the market growth.
- Rising awareness of PET scans is boosting the market growth.
Restraints:
- Short half-life of radiotracers is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Full Ring and Partial Ring |
| By Application | Oncology, Cardiology, Neurology, Urology, and Others |
| By End User | Hospitals & Clinics, Diagnostic centers, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as GE Healthcare, Siemens Healthineers, and Philips Healthcare, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the positron emission tomography market is expected to witness substantial growth in the coming years due to technological advancements in PET scanners in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- Canon Medical Systems
- Hitachi Healthcare
- Toshiba Medical Systems
- Positron Corporation
- Mediso Ltd.
- PerkinElmer, Inc.
- Yangzhou Kindsway Biotech Co. Ltd