Market Overview:
The global PET-CT systems market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in PET-CT systems, and rising demand for minimally invasive diagnostic procedures. Based on type, the global PET-CT systems market is segmented into fixed PET/CT systems and mobile PET/CT systems. The fixed PET/CT system segment is expected to account for the majority share of the global market in 2018. However, the mobilePET/ CT system segment is projected to grow at a higher CAGR during the forecast period owing to its advantages such as easy portability and reduced installation time as compared with fixedPET/ CTsystems.
Product Definition:
PET-CT systems are a combination of positron emission tomography (PET) and computed tomography (CT) scanning technology. The systems are used to create images that allow doctors to see how well a patient's tumor is responding to treatment.
Fixed PET/CT Systems:
A fixed PET/CT system is a device used for the diagnosis of diseases by using X-ray, Computed Tomography (CT), and/or Magnetic Resonance Imaging (MRI) technology. The increasing prevalence of cancer globally has led to an increase in demand for early diagnostic techniques. This technique is majorly used in oncology as it helps detect tumors at an early stage which may lead to effective treatment.
Mobile PET/CT Systems:
Mobile PET/CT systems are nuclear imaging devices that can be transported to the site of interest for on-site diagnosis. The primary applications include detection of cancer cells in its early stages and during treatment as well as monitoring the effectiveness of cancer therapies. Mobile PET/CT system is a hybrid device that integratesPET (Positron Emission Tomography) with CT (Computed Topography). It produces cross-sectional images from both modalities simultaneously which helps in accurate diagnosis and treatment planning.
Application Insights:
The hospitals segment dominated the global PET-CT systems market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to factors such as increasing number of hospitals, rising expenditure on healthcare, and government initiatives for improving healthcare infrastructure. For instance, in 2016, China invested USD 38 billion for building approximately 1 million units of hospital beds and medical devices. Such investments are expected to drive demand for PET/CT imaging systems in hospitals across China during the forecast period.
In addition, a rise in cancer cases has led to an increase in research activities pertaining with biomarker studies related to tumor progression and clinical outcomes using molecular imaging techniques such as PET/MRI or CT combined with CTCLs such as MIB-1 that exhibit high specificity & sensitivity thereby driving growth of this segment over the forecast period.
Regional Analysis:
North America dominated the global PET-CT systems market in 2017. This can be attributed to the presence of major players, high adoption rate of advanced technologies, and availability of reimbursement facilities for research & development activities. The Asia Pacific is expected to grow at a lucrative CAGR during the forecast period due to increasing government initiatives for cancer screening programs along with rising awareness about PET/CT imaging in this region. Moreover, growing medical tourism industry and favorable government policies are also contributing towards growth in this region. In addition, increasing R&D activities by various companies will drive growth further. For instance; Siemens Healthcare has developed a new generation CT scanner - SIMOUNTESS VarioPET 3T which is being adopted across Asia Pacific countries such as China and India owing to its improved image quality over previous generation devices as well as cost-effectiveness compared with other CT scanners available in these countries (Siemens 2016).
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for PET-CT Systems market. According to the World Health Organization (WHO), in 2012, there were 14 million new cases of cancer and 8.2 million deaths from cancer worldwide. This number is expected to increase to 21 million new cases and 13 million deaths by 2030. This will create a large demand for PET-CT Systems, as they are used for the diagnosis and treatment of various types of cancers.
- Rising awareness about early detection: There is an increasing awareness among people about the importance of early detection in order to improve the chances of successful treatment outcomes. This is driving demand for PET-CT Systems, as they help in detecting cancers at an early stage when they are easier to treat successfully.
Scope Of The Report
Report Attributes
Report Details
Report Title
PET-CT Systems Market Research Report
By Type
Fixed PET/CT Systems, Mobile PET/CT Systems
By Application
Hospitals, Clinics, Cancer Research Centers
By Companies
Siemens Healthcare, GE Healthcare, Koninklijke Philips, Canon, Hitachi, Shimadzu, NeuroLogica, Neusoft Medical, United-imaging, MinFound Medical Systems, Shenzhen Anke High-tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global PET-CT Systems Market Report Segments:
The global PET-CT Systems market is segmented on the basis of:
Types
Fixed PET/CT Systems, Mobile PET/CT Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Cancer Research Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens Healthcare
- GE Healthcare
- Koninklijke Philips
- Canon
- Hitachi
- Shimadzu
- NeuroLogica
- Neusoft Medical
- United-imaging
- MinFound Medical Systems
- Shenzhen Anke High-tech
Highlights of The PET-CT Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed PET/CT Systems
- Mobile PET/CT Systems
- By Application:
- Hospitals
- Clinics
- Cancer Research Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PET-CT Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PET-CT is a PET imaging technique that uses computed tomography to create images of the body in cross-section. The images are used to generate a three-dimensional model of the body. This model can be used to help doctors diagnose and treat medical conditions.
Some of the key players operating in the pet-ct systems market are Siemens Healthcare, GE Healthcare, Koninklijke Philips, Canon, Hitachi, Shimadzu, NeuroLogica, Neusoft Medical, United-imaging, MinFound Medical Systems, Shenzhen Anke High-tech.
The pet-ct systems market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PET-CT Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PET-CT Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PET-CT Systems Market - Supply Chain
4.5. Global PET-CT Systems Market Forecast
4.5.1. PET-CT Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PET-CT Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. PET-CT Systems Market Absolute $ Opportunity
5. Global PET-CT Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PET-CT Systems Market Size and Volume Forecast by Type
5.3.1. Fixed PET/CT Systems
5.3.2. Mobile PET/CT Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PET-CT Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PET-CT Systems Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Cancer Research Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PET-CT Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PET-CT Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PET-CT Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PET-CT Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PET-CT Systems Demand Share Forecast, 2019-2026
9. North America PET-CT Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PET-CT Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PET-CT Systems Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Cancer Research Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PET-CT Systems Market Size and Volume Forecast by Type
9.7.1. Fixed PET/CT Systems
9.7.2. Mobile PET/CT Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PET-CT Systems Demand Share Forecast, 2019-2026
10. Latin America PET-CT Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PET-CT Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PET-CT Systems Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Cancer Research Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PET-CT Systems Market Size and Volume Forecast by Type
10.7.1. Fixed PET/CT Systems
10.7.2. Mobile PET/CT Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PET-CT Systems Demand Share Forecast, 2019-2026
11. Europe PET-CT Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PET-CT Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PET-CT Systems Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Cancer Research Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PET-CT Systems Market Size and Volume Forecast by Type
11.7.1. Fixed PET/CT Systems
11.7.2. Mobile PET/CT Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyss
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PET-CT Systems Demand Share, 2019-2026
12. Asia Pacific PET-CT Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PET-CT Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PET-CT Systems Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Cancer Research Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PET-CT Systems Market Size and Volume Forecast by Type
12.7.1. Fixed PET/CT Systems
12.7.2. Mobile PET/CT Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PET-CT Systems Demand Share, 2019-2026
13. Middle East & Africa PET-CT Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PET-CT Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PET-CT Systems Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Cancer Research Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PET-CT Systems Market Size and Volume Forecast by Type
13.7.1. Fixed PET/CT Systems
13.7.2. Mobile PET/CT Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PET-CT Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PET-CT Systems Market: Market Share Analysis
14.2. PET-CT Systems Distributors and Customers
14.3. PET-CT Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koninklijke Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Canon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shimadzu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NeuroLogica
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Neusoft Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. United-imaging
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MinFound Medical Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shenzhen Anke High-tech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook