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Global Positron Emission Tomography Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Positron Emission Tomography

Positron Emission Tomography Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Positron Emission Tomography market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Oncology is Expected to Hold the Largest Share of the Positron Emission Tomography Market, over the Forecast Period

The 18Fluorine-2-fluoro-2-Deoxy-d-glucose (18F-FDG) PET scanners are the most widely used imaging technique in oncology. Apart from imaging, PET scanners are commonly used into clinical trials, as an imaging biomarker, to determine the therapeutic response to novel cancer therapeutics. According to an article by Andrea Gallamini et. al, the most apparent advantages associated with PET is its ability to detect the substantial changes in glucose metabolism, or even complete shutoff of the neoplastic cell metabolism in the early stages, during the treatment process. This helps the clinicians to detect the effectiveness of a given antineoplastic treatment much earlier, compared to the traditional radiological detection. Furthermore, FDG-PET/CT has become a cornerstone in several oncologic procedures, such as tumor staging and restaging, treatment efficacy assessment during or after treatment ends, and radiotherapy planning.

The number of cancer cases is increasing yearly. According to WHO, Cancer is the second-leading cause of death globally and was responsible for an estimated 9.6 million deaths in 2018. Globally, about 1 in 6 deaths are caused due to cancer. Approximately 70% of deaths from cancer occur in low- and middle-income countries. Thus, the need for early diagnosis and treatment of cancer cases has enhanced the usage of PET scanners and has led to the growth of the market.

North American Region Holds the Largest Market Share of the Positron Emission Tomography Market

North America dominates the positron emission tomography market, owing to the high demand for precision diagnostics and technological advancement in PET technology in the region. Other factors that contribute to the growth of the PET market in the include government initiatives, such as Medicare and Obama Care, which provide healthcare to patients through democratic supervision.

Market Overview:

  • One of the factors that is augmenting the growth of the market is the increasing demand for PET analysis in radiopharmaceuticals. According to the World Nuclear Organization, there are over 20 million nuclear medicine procedures per year among 311 million people in the United States, about 10 million among 500 million people in , and about 560,000 per year among 21 million people in Australia. SPECT and PET systems dominate the field of nuclear medicine market. Technological advancements, like the introduction of Time of Flight (TOF), as well as the rise in increasing popularity of the hybrid imaging systems, play an important role in the growth of the nuclear imaging market. The hybrid imaging using combined scanners, like SPECT/CT, PET/CT, and PET/MRI, is likely to propel the growth of the industry in the future. A study reveals that, in 2014, an estimated 11.7 million patients received nuclear medicine scans, on over 14,000 SPECT or SPECT/CT scanners, in the United States. In 2015, an estimated 220,800 new cases of prostate cancer were diagnosed in North America, and 27,540 men died of the disease. Supported by a USD 2.6 million grant from the National Institutes of Health, a novel PET imaging agent, 64Cu-TP3805, was developed to diagnose prostate cancer. Using this procedure, more than 80% of cancers were detected. Arsenic 72 and (18F)-3’-fluoro-3’-deoxythymidine (18F-FLT) are newer biomarkers in the PET oncological practice. Thus, these advances in approaches are expected to strengthen personalized medicine. Based on all the aforementioned key contributing factors, continued growth can be expected during the forecast period

    Key Manufacturers Like 

  • Agfa Healthcare
  • Gamma Medica Inc.
  • GE Healthcare
  • Neusoft Medical Systems
  • Oncovision
  • Koninklijke Philips NV
  • Positron Corporation
  • Siemens AG.

    Scope of the Report:

  • As per the , positron emission tomography (PET) is a diagnostic technique that uses radioactive substances for imaging the tissues and organs functioning. These radioactive substances are called tracers that shows the activity in the body. PET has applications in both the medical and research fields. Clinically, it is widely used in the oncology diagnosis, and as a research tool to map the human brain and heart function, and support drug development.

    Positron Emission Tomography market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Positron Emission Tomography market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Positron Emission Tomography market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Positron Emission Tomography market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Positron Emission Tomography market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Positron Emission Tomography ?
    • Who are Opportunities, Risk and Driving Force of Positron Emission Tomography market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Positron Emission Tomography space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Positron Emission Tomography market opportunities, market risk and market overview of the Market?

    Lastly, the Global Positron Emission Tomography Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Positron Emission Tomography Market Report:

    • To provide a detailed analysis of the market structure along with the Positron Emission Tomography market forecast of various segments and sub-segments of the Positron Emission Tomography market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Positron Emission Tomography market trends that influence the global Positron Emission Tomography market

    Detailed TOC of Positron Emission Tomography Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Demand for PET Analysis in Radio Pharmaceuticals
    4.2.2 Technological Advancements in Pet Imaging for Oncology and Advanced Diagnostics Applications
    4.2.3 Integration of X-ray Tomography (CT) into PET
    4.3 Market Restraints
    4.3.1 Shorter Half-life of Radioisotopes
    4.3.2 Stringent Regulatory Guidelines
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Full Ring PET Scanners
    5.1.2 Partial Ring PET Scanners
    5.2 By Applications
    5.2.1 Cardiology
    5.2.2 Neurology
    5.2.3 Oncology
    5.2.4 Other Applications
    5.3 By End Users
    5.3.1 Hospitals
    5.3.2 Diagnostic Centers
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of
    5.4.3 Asia Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Agfa Healthcare
    6.1.2 Gamma Medica Inc.
    6.1.3 GE Healthcare
    6.1.4 Neusoft Medical Systems
    6.1.5 Oncovision
    6.1.6 Koninklijke Philips NV
    6.1.7 Positron Corporation
    6.1.8 Siemens AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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