Positron emission tomography devices (PET) market players and analysis by product type, applications, end user– global forecast till 2027. The global positron emission tomography devices (PET) market is expected to grow at an approximate CAGR of 5.6% during forecast period, 2020–2027.
The primary factor influencing the market for positron emission tomography devices (PET) is the rise in head and neck cancer cases. The presence of a sizable target patient population, technical improvements, expanding patient awareness of the advantages of positron emission tomography scanning, and a number of other factors are also anticipated to drive the market's expansion. However, the market expansion during the forecast period may be constrained by strict regulatory requirements, the price of a PET scan, and the lower half-lives of radioisotopes.
Key Players
Some of the key players in the global positron emission tomography devices (PET) market are Agfa Healthcare, Gamma Medica Inc., GE Healthcare, Neusoft Medical Systems, Oncovision, Koninklijke Philips N.V., Positron Corporation, Siemens AG, Segami Corporation, Spectrum Dynamics Ltd., Naviscan, Inc. MedX Holdings Inc., Modus Medical Devices Inc., Radiology Oncology Systems, Inc., Yangzhou Kindsway Biotech Co. Ltd., Toshiba Corporation, Hitachi, Ltd., and others.
Segmentation
The global positron emission tomography devices (PET) market is segmented based on product type, applications, end user and region.
The global market for positron emission tomography devices (PET), by product type is segmented into full ring PET scanners and partial ring PET scanners.
The market, by applications, is segmented into cardiology, neurology, oncology, orthopaedics, urology, gastroenterology, and others
Based on end user, positron emission tomography devices (PET) market is segmented into hospitals, clinics, diagnostic centres, and others.
Regional Analysis
The Americas dominated the global market for positron emission tomography devices (PET) owing to presence of major market players and increased prevalence of Alzheimer's dementia within the region. As per the data suggested by the Alzheimer's Association, an estimated 5.7 million Americans of all ages are living with Alzheimer's dementia.
Europe is expected to hold the second largest position in the global positron emission tomography devices (PET) market. The market growth in this region is attributed to the government support and improving healthcare related research & development activities.
Asia Pacific was projected to be the fastest growing region. Factors such as, growing cases of head and neck cancer, and increasing healthcare expenditure drives the regional markets of the Asia Pacific region.
Due to their low per capita income, particularly in the African continent, the Middle East and Africa had the smallest market share for positron emission tomography equipment (PET).
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