PET-CT Scanner Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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PET-CT Scanner Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Global PET-CT Scanner Device Market: Overview

Positron emission tomography - computed tomography (PET/CT) is a notable technological advancement in multimodal imaging by identifying changes in body at cellular level. PET/CT scanner device combines the measurement of metabolic activity and anatomical features. The integrated imaging combines the strengths of PET and CT and hence shows promise in accurately diagnosing, localizing, and monitoring for a range of diseases. PET/CT scanner device holds vast promise in diagnosing cancer, heart disease and certain brain disorders. In particular, the imaging technology holds great potential in clinical oncology, especially for the staging of solid malignancies needed in colon and lung cancer. Having said that, PET/CT scanner device is still a new application in clinical practice. Owing to its excellent standardization and precision, the imaging is being preferred in clinical trials for improving the outcomes.

Global PET-CT Scanner Device Market: Notable Developments

Some of the recent developments that may influence the contours of the PET-CT scanner device market in a big way are:

  • Hospitals in developed nations are displaying marked revenue generating potential by showing propensity for advanced oncology services for their patients. To this end they are entering into collaboration with medical technology companies.
  • Royal Darwin Hospital (RDH), a prominent hospital in Australia, has in March 2019 entered into a partnership with Siemens Healthineers where the former will have deploy advanced PET CT scanner devices. The healthcare institution intends to use the modality for rapid scanning of medical conditions, using only lower doses of radiation and personalized scans. This also eliminates the need for bed-based imaging that were carried under traditional PET.
  • Governments in numerous developing countries have become actively interested in assessing and meeting the needs of PET-CT scanner devices in hospitals.
  • One such measure has been noted recently in India, where the state government of one of its states has been asked by law making agency to submit an assessment of the requirement of PET-CT scanner device in all district headquarters hospitals.
  • Radiology groups in developing regions are showing a marked inclination of expanding their diagnostic capability by adding PET-CT. One such initiative has been notices in South Africa, where a radiology group in Eastern Cape Province, Africa, has deployed a scanner device in its cancer care center. With this, oncology patients will benefit immensely as now they would not need to seek services outside the province.

Some of the most prominent competitors operating in the competitive landscape of global PET-CT scanner device market include –

  • Mediso Ltd.
  • PerkinElmer, Inc.
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • General Electric Co.
  • Toshiba Corporation

Global PET-CT Scanner Device Market: Key Growth Dynamics

Advances being witnessed in Oncological Clinical Practice paves way for New Frontiers

The need for overcoming the limitations of PET and CT in oncology imaging in developing and developed regions is a key factor driving the demand for PET-CT scanner devices. One of the objectives of oncology is to get precise anatomical imaging combined with advanced molecular techniques. The rising demand for a cost-effective non-invasive technique for the staging of cancer is also catalyzing the prospects of the global PET-CT scanner device market.

PET-CT scanner device are fast gaining traction in multiple areas such as diagnosis, staging, monitoring of cancer management, and radiotherapeutic planning.

Ceaseless Technological Advances create New Avenues

Technology advances have resulted in imaging with better accuracy, performance, and reproducibility, thereby catalyzing the prospects of the global PET-CT scanner device market. Functionalities in focus pertain to resolution and contrast, time-of-flight acquisition, and field-of-view imaging. Further, increasing inclination of healthcare providers toward value-based personalized care is a notable trend boosting the market.

Prevalence of Cancer and Chronic Diseases propelling Demand

In various parts of the globe, the increasing incidence of cancer, especially of lung, breast, and colon is a notable trend boosting the market. PET-CT scanner devices are also witnessing increasing potential in monitoring cardiac conditions. The growing prevalence of cardiovascular diseases is a significant factor fueling the prospects.

Global PET-CT Scanner Device MarketRegional Outlook

On the regional front, developing regions are witnessing rising potential in the global PET-CT scanner device market. In particular, Asia Pacific may show an exceptional potential and may gain shares in the coming years. The growth in the regional market is fueled by rapidly rising elderly populations who need diagnostic and radiology services. Moreover, substantial investments being made by governments in the key economies of the region for modernizing healthcare infrastructures in recent years has been imparting large impetus to the demand for PET-CT scanner device in the coming years. Meanwhile, North America is expected to rise at an attractive pace during the assessment period of 2018–2028.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?