Positron Emission Tomography (PET) Market Trends, Growth and Top Key 2022

(MENAFN- America News Hour) The Positron Emission Tomography (PET) is a powerful, non-invasive, nuclear imaging scanner which provides detailed diagnostics of the human body's physiological and bio-chemical processes. The advantage of PET is that it can detect cancer before other diagnostic tests as PET can test biological functions as well. Almost 95 % of the PET scans conducted are related to oncology.The PET market is the pioneering sector of the diagnostic imaging market. Continued technological developments and continuous growth is expected in the market owing to the emerging market's acceptance of PET technology.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10065069

Market Dynamics

Some of the key drivers for the PET market include rising awareness among physicians and patients, growing population, increasing prevalence of diseases and growing demand for cancer diagnoses. The major barriers for the market are regulatory legislations, high costs of PET technologies, difficulties in supply, increasing costs of radio pharmaceuticals, consolidation in hospital sector and rising development costs. The high cost of PET equipment and procedures coupled with the global economic downturn has led to slowing of growth. The growth of the market in mature markets like U.S and Europe depend heavily on the replacement of existing systems as the capacity for new installations is very limited in these mature markets.

Market Segmentation
The global Positron Emission Tomography(PET) Market is segmented on the basis of Product type, Application, Detector type, End-User and Region.
Segmentation by Product type
Full Ring PET Scanners
Partial Ring PET Scanners
The Full Ring PET scanners accounts for the majority market share in this segment and is the most widely used product.

Segmentation by Application
Oncology
Cardiology
Neurology
Others
Oncology application finds the most use of the PET scanners and has a lion's share of the segment. Among other applications, cardiology has good growth potential.

Segmentation by Detector type
Bismuth Germanium Oxide (BGO)
Lutetium Oxyorthosilicate (LSO)
Lutetium Fine silicate (LFS)
Lutetium Yttrium Orthosilicate
Gadolinium Oxyorthosilicate (GSO)
Lutetium Oxyorthosilicate (LSO) dominates this segment with Bismuth Germanium Oxide (BGO) running a close second.

Segmentation by End-User
Hospitals
PET Centres
Diagnostic Clinics
Research Institutes
Hospitals generate the most revenue share in this segment.
Segmentation by Region
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (Excluding Japan)
Japan
Middle East and Africa
North America accounts for almost half of the market share in this segment.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10065069

Regional/ Geographic Analysis

The United States is the market leader with an overwhelming market share but the rise in PET procedures has led to healthcare reforms which limited the number of reimbursements for PET procedures which led to a reduction in demand. This in conjunction with the limited supply of radio pharmaceuticals has led to the U.S market becoming static.China and Japan in particular and Asia-Pacific in general, provide huge opportunities for increasing sales of PET equipment. This is mostly due to the increasing demand for PET systems and sale of more PET systems.

Key Players

Some of the major players in this market include  Philips, Siemens, Positron Corporation, CardiArc Ltd, Digirad Corporation, GE Healthcare, Gamma Medica Inc., Hologic Inc., Toshiba Corporation, Mediso Ltd. And Hitachi Corporation.

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email :

Phone: +1 313 462 0609

Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .

MENAFN10022020007010068ID1099681512

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.