(MENAFN- America News Hour) Positron Emission Tomography Scanners Market report delivers detailed overview of the global Positron Emission Tomography Scanners Market in terms of market segmentation by type, application, membrane material, filter design, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Positron Emission Tomography Scanners Market Statistics –
The Positron Emission Tomography Scanners industry is slated to observe 5% growth rate through 2022-203 1
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The global positron emission tomography scanners market is segmented into applications such as oncology, cardiology and neurology. Among these segments, with 85% market share in overall positron emission tomography scanners market, oncology occupied the biggest share in terms of revenue in 2015 and it is expected to garner at a notable CAGR of 4.3% during the forecast period. Further, the growth of this segment is attributed to increasing number of population affected with cancer. Moreover, favorable government initiates along with adoption of technological advanced devices to diagnose and determine the severity of diseases such as cancer and others is also believed to foster the growth of positron emission tomography scanners market.
Global positron emission tomography scanners market is anticipated to account for a notable CAGR of 5.2% over the forecast period i.e. 2015-2023. Moreover, the global positron emission tomography scanners market is projected to reach at exponential revenue by the end of 2023. The market is expected to expand on the back of increasing prevalence of chronic diseases.
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The full ring positron emission tomography scanners market accounted for USD 760 Million in 2015, by witnessing a notable CAGR of 5.1% by the end of 2023. In terms of geography, North America grabbed the largest market of positron emission tomography scanners in 2015 and is believed to account for USD 644.7 Million by 2023. Apart from this, Asia-Pacific region is projected to be the most lucrative market due to growing number of geriatric population and increasing investment by government and non-government organizations to enhance the health care infrastructure.
Increasing Healthcare Expenditure
Rapid urbanization coupled with rise in GDP figures of developed and developing nations such as U.S., China and others have led the government to invest more on healthcare industry which is likely to boost the growth of positron emission tomography scanners market. Furthermore, large pool of patients suffering from various cancers, neurological and cardiovascular diseases is expected to supplement the growth of positron emission tomography scanners market.
Major players include in the global Positron Emission Tomography Scanners Market:
General Electric Company General de Equipment for Medical Imaging, S.A. Koninklijke Philips N.V. Neusoft Corporation Siemens Healthcare GmbH Segami Corporation Spectrum Dynamics Medical, Inc. Hitachi, Ltd. Cerveau Technologies, Inc. Radiology Oncology System, Inc.
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Growing Demand for Advanced Diagnosis Techniques
Increasing adoption of positron emission tomography scanners owing to better diagnosis of the disease is projected to propel the growth of positron emission tomography scanners market. Additionally, introduction of technological advanced positron emission tomography scanners that provide increased granularity in imaging, high efficiency in the process andhuge storage capacity is envisioned to propel the growth of the PET scanner market.
Although, high cost associated with the PET scanner is anticipated to dampen the growth of PET scanner market.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
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