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 : January, 2020 | Medical Devices | PPT format

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.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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