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Positron Emission Tomography Market size to exceed $3 Bn by 2032

  • Published Date: March 18, 2023

Positron Emission Tomography Market size is expected to cross USD 3 billion by 2032, according to a new research report by Global Market Insights Inc.

Significant technological developments in positron emission tomography (PET) including the creation of hybrid imaging systems that combine PET, CT, and MRI technology will foster market growth. These systems are in significant demand as they offer higher diagnostic accuracy. It is predicted that PET imaging will play a vital role in the diagnosis and treatment of many diseases along with innovative technologies.

For instance, time-of-flight PET technology uses measurements of the photons' travel times between the source and detector to enhance image resolution and shorten scan times. With the help of this technology, the system can offer faster production of high-quality pictures.

Low manufacturing cost of partial ring PET scanners

The positron emission tomography market share from the partial ring PET scanner segment is expected to reach USD 500 million by 2032. Partial-ring PET scanner exhibit multiple benefits like lower cost, patient comfort, good resolution, quick scanning times, etc. As these scanners have smaller rings, they need fewer electronics and detectors. Moreover, due to its lower manufacturing costs, its deployment across hospitals and clinics could elevate over the ensuing years.

Robust expansion for improved medical imaging

Positron emission tomography industry share from the silicon photomultiplier (SiPM) application is anticipated to observe more than 6.4% CAGR from 2023 to 2032. SiPM PET scanners are becoming popular across the medical imaging sector owing to their high sensitivity, superior timing resolution, and small size. Improved picture quality, reduced radiation dose, quicker scan times, compact size, and cheaper cost are a few factors driving the increased usage of SiPM-based PET scanners and is expected to drive product value over the coming years.

Browse key industry insights spread across 297 pages with 517 market data tables & 17 figures & charts from the report, “Positron Emission Tomography Market Size By Product Type (Partial Ring PET Scanner, Full Ring PET Scanners), By Detector Type (Lutetium Oxyorthosilicate (LSO), Silicon Photomultiplier (SiPM), Lutetium Yttrium Orthosilicate (LYSO), Digital Photon Counters (DPC) By End Use (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:

 Introduction of cost-effective ambulatory surgical centers

 Positron emission tomography market share from the ambulatory surgical centers segment is forecasted to surpass USD 590 million by 2032. With multiple benefits including convenience and cost-effectiveness, ambulatory surgical centers will emerge as a promising end-use landscape for PET scanners in the years ahead. Benefits like limited stay requirements and improved operational efficiency will drive the need for ambulatory surgery facilities.

Rising disposable incomes across European countries

Europe positron emission tomography industry market is predicted to reach USD 880 million by 2032. The presence of a growing aging population across Europe that are prone to a wide range of chronic conditions would increase the demand for positron emission tomography in the near future. Higher adoption of cutting-edge technologies and rising disposable income of citizens will further fuel the expansion of the europe market.

Competitive landscape of global positron emission tomography industry

Yangzhou Kindsway Biotech Co. Ltd, Siemens Healthineers AG, Neusoft Corporation, CMR Naviscan, Mediso Ltd, Koninklijke Philips NV, Toshiba, and Radialis Inc., among others, are the leading companies in the worldwide positron emission tomography market. Companies are working towards the development of new imaging solutions to improve their position in the market.

Authors: Rupali Swain, Subodh Kharad