Global Positron Emission Tomography (PET) Scanners Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Full Ring PET Scanner and Partial Ring PET Scanner.By Application;
Oncology, Cardiology, Neurology and Others.By Detector Type;
Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS) and Lutetium Yttrium Orthosilicate.By End User;
Hospitals, Diagnostic Centres, PET Centres and Research Institutes.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Positron Emission Tomography (PET) Scanners Market (USD Million), 2021 - 2031
In the year 2024, the Global Positron Emission Tomography (PET) Scanners Market was valued at USD 1,193.01 million. The size of this market is expected to increase to USD 1,605.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.
Global Positron Emission Tomography (PET) scanners have emerged as indispensable tools in medical imaging, enabling clinicians to visualize and evaluate physiological processes within the human body with remarkable precision. PET scanners utilize radiotracers to detect positron emissions emitted by metabolically active tissues, offering insights into various conditions such as cancer, neurological disorders, and cardiovascular diseases. The market for PET scanners has witnessed significant growth in recent years, driven by technological advancements, increasing prevalence of chronic diseases, and rising healthcare expenditure worldwide. Moreover, the demand for early and accurate diagnosis, coupled with growing awareness about the benefits of molecular imaging, has further fueled the adoption of PET scanners across diverse medical settings.
One of the key drivers propelling the growth of the global PET scanners market is the escalating incidence of cancer. PET imaging plays a crucial role in cancer diagnosis, staging, treatment planning, and monitoring response to therapy. With the rising burden of cancer globally, there is a growing need for advanced imaging modalities like PET scanners to facilitate timely and precise management of the disease. Furthermore, ongoing research and development activities aimed at expanding the application of PET imaging beyond oncology, such as in neurology and cardiology, are anticipated to drive market growth in the coming years.
Technological innovations and enhancements in PET scanner design and functionality are also contributing significantly to market expansion. Manufacturers are continually striving to develop more sensitive, accurate, and cost-effective PET scanners that offer improved image quality, faster scanning times, and enhanced patient comfort. Integration of artificial intelligence (AI) and machine learning algorithms into PET imaging systems is further augmenting diagnostic capabilities and streamlining workflow efficiency. These advancements are not only broadening the clinical utility of PET scanners but also making them more accessible to healthcare providers, thereby boosting market penetration and adoption rates.
Challenges such as high initial capital investment, limited reimbursement policies, and shortage of skilled professionals may impede the growth of the global PET scanners market to some extent. Additionally, the ongoing COVID-19 pandemic has posed temporary setbacks, disrupting supply chains and delaying elective procedures, thereby impacting the demand for imaging equipment including PET scanners. Nevertheless, with the gradual resumption of routine healthcare services and increasing emphasis on preventive care and early disease detection, the market is expected to rebound, presenting lucrative opportunities for stakeholders in the PET imaging industry. Overall, as the importance of molecular imaging in personalized medicine continues to grow, the global PET scanners market is poised for sustained expansion in the foreseeable future.
Global Positron Emission Tomography (PET) Scanners Market Recent Developments
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In November 2023, Siemens Healthineers announced that the Biograph Vision.X, a positron emission tomography/computed tomography (PET/CT) scanner, has received clearance from the Food and Drug Administration (FDA). This next-generation system boasts an impressive time of flight (TOF) of 178 picoseconds (ps), making it the fastest in the industry.
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In August 2022, Positron Corporation, a company focused on nuclear medicine PET imaging devices and clinical services, acquired its first PET-CT system from its partner Neusoft Medical Systems. The "Affinity PET-CT" system is currently on its way from China to its validation partner in the United States.
Segment Analysis
The global positron emission tomography (PET) scanners market is experiencing steady growth, driven by advancements in medical imaging technology and an increasing prevalence of chronic diseases such as cancer and neurological disorders. PET scanners play a crucial role in diagnosing and monitoring these conditions by providing detailed images of organ function and metabolism. Additionally, the rising geriatric population, which is more susceptible to such ailments, is contributing to the expanding demand for PET scanners worldwide.
Technological innovations such as hybrid PET/CT and PET/MRI systems are enhancing the capabilities of PET scanners, enabling more accurate diagnosis and treatment planning. These integrated systems offer complementary imaging modalities, combining the strengths of PET with other imaging techniques for comprehensive patient assessment. Furthermore, the growing awareness among healthcare professionals and patients about the benefits of early disease detection and personalized treatment strategies is driving the adoption of PET scanning technology.
In terms of geographical analysis, North America dominates the global PET scanners market, owing to well-established healthcare infrastructure, high healthcare expenditure, and early adoption of advanced medical imaging technologies. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, attributed to the improving healthcare infrastructure, rising disposable income, and increasing investments in healthcare technology. Additionally, strategic initiatives by market players such as partnerships, collaborations, and product launches are further fueling market growth and competition in the global PET scanners market.
Global Positron Emission Tomography (PET) Scanners Segment Analysis
In this report, the Global Positron Emission Tomography (PET) Scanners Market has been segmented by Product Type, Application, Detector Type, End User and Geography.
Global Positron Emission Tomography (PET) Scanners Market, Segmentation by Product Type
The Global Positron Emission Tomography (PET) Scanners Market has been segmented by Product Type into Full Ring PET Scanner and Partial Ring PET Scanner.
The global market for Positron Emission Tomography (PET) scanners is experiencing notable growth, fueled by advancements in medical imaging technology and an increasing prevalence of chronic diseases like cancer and neurological disorders. PET scanners play a crucial role in the diagnosis, staging, and monitoring of various conditions, providing detailed insights into metabolic processes within the body. One of the key segments within this market is categorized by product type, with two primary classifications: Full Ring PET Scanner and Partial Ring PET Scanner.
Full Ring PET Scanners offer a comprehensive view of the patient's anatomy, capturing data from a complete circular ring of detectors. This design enables high-resolution imaging and enhanced sensitivity, making it particularly valuable for applications requiring precise localization of abnormalities or detailed anatomical structures. These scanners are often preferred for oncology, cardiology, and neurology studies where accurate visualization of metabolic activity is critical for diagnosis and treatment planning.
Partial Ring PET Scanners utilize a partial ring of detectors, typically covering a smaller arc compared to full-ring systems. While they may have lower overall sensitivity and spatial resolution than their full-ring counterparts, partial ring scanners offer advantages such as reduced cost, compact size, and faster imaging times. These attributes make them suitable for settings where space or budget constraints are significant factors, such as smaller medical facilities or mobile imaging units.
Both Full Ring and Partial Ring PET Scanners continue to undergo advancements in technology, driving improvements in image quality, efficiency, and patient comfort. As healthcare providers seek to enhance diagnostic capabilities and streamline clinical workflows, the demand for PET scanners is expected to grow steadily. Additionally, ongoing research and development efforts aimed at expanding the clinical applications of PET imaging are likely to further stimulate market expansion in the coming years.
Global Positron Emission Tomography (PET) Scanners Market, Segmentation by Application
The Global Positron Emission Tomography (PET) Scanners Market has been segmented by Application into Oncology, Cardiology, Neurology and Others.
The global positron emission tomography (PET) scanners market has witnessed remarkable growth in recent years, driven by a surge in demand across various medical applications. One of the primary segments contributing to this growth is oncology. PET scanners play a crucial role in oncology by providing detailed imaging of tumors and aiding in the diagnosis, staging, and monitoring of cancer treatment effectiveness. The technology's ability to detect metabolic changes in cancer cells has made it an indispensable tool in oncology departments worldwide.
Another significant segment in the PET scanners market is cardiology. PET imaging is increasingly utilized in cardiology for the assessment of myocardial viability, myocardial perfusion, and the evaluation of cardiac function. The high sensitivity and accuracy of PET scanners make them invaluable in detecting coronary artery disease, assessing myocardial blood flow, and guiding therapeutic interventions, thereby driving their adoption in cardiology applications.
Neurology represents another crucial application area for PET scanners. These scanners are extensively used in neurology departments for diagnosing and monitoring various neurological disorders such as Alzheimer's disease, Parkinson's disease, epilepsy, and brain tumors. PET imaging provides insights into brain metabolism, neurotransmitter activity, and neuroreceptor binding, aiding in the early detection and management of neurological conditions.
Besides oncology, cardiology, and neurology, PET scanners find applications in other medical fields as well. These include research in areas such as psychiatry, infectious diseases, and inflammation imaging. The versatility and advanced capabilities of PET technology continue to expand its utility across diverse medical specialties, driving the growth of the global PET scanners market.
The global PET scanners market is witnessing significant expansion, fueled by increasing applications across oncology, cardiology, neurology, and other medical fields. With ongoing technological advancements and growing clinical acceptance, PET scanners are expected to play an increasingly vital role in disease diagnosis, treatment planning, and therapeutic monitoring, shaping the future of medical imaging.
Global Positron Emission Tomography (PET) Scanners Market, Segmentation by Detector Type
The Global Positron Emission Tomography (PET) Scanners Market has been segmented by Detector Type into Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS) and Lutetium Yttrium Orthosilicate.
The global positron emission tomography (PET) scanners market is experiencing steady growth, largely fueled by advancements in detector technology. One key segmentation factor shaping this market is the type of detector used in PET scanners. The market is segmented into several detector types, each offering unique advantages and applications.
Bismuth Germanium Oxide (BGO) detectors have long been a staple in PET imaging. Known for their high stopping power and excellent timing resolution, BGO detectors offer reliable performance in clinical settings. However, their relatively low light output and limited spatial resolution have led to the exploration of alternative options.
Lutetium Oxyorthosilicate (LSO) detectors have gained popularity in recent years due to their superior light output and improved spatial resolution compared to BGO. These detectors offer enhanced imaging capabilities, making them particularly well-suited for applications requiring high sensitivity and precision, such as oncology and neurology.
Gadolinium Oxyorthosilicate (GSO) detectors are another promising option in the PET scanners market. Known for their excellent energy resolution and high photon detection efficiency, GSO detectors enable precise detection of gamma rays, enhancing image quality and diagnostic accuracy.
Lutetium Fine Silicate (LFS) and Lutetium Yttrium Orthosilicate detectors are also emerging as contenders in the PET scanners market, offering unique combinations of performance metrics such as timing resolution, energy resolution, and sensitivity. As research and development in detector technology continue to evolve, these newer detector types hold significant potential to further enhance PET imaging capabilities and drive market growth.
Global Positron Emission Tomography (PET) Scanners Market, Segmentation by End User
The Global Positron Emission Tomography (PET) Scanners Market has been segmented by End User into Hospitals, Diagnostic Centres, PET Centres and Research Institutes.
The global positron emission tomography (PET) scanners market is experiencing robust growth, driven by advancements in medical imaging technology and increasing demand for early disease detection. One of the key factors contributing to this growth is the segmentation of the market by end user. Hospitals represent a significant segment, as they are primary healthcare providers and often equipped with advanced imaging facilities to cater to a wide range of patients. Diagnostic centers also play a crucial role in the market, offering specialized imaging services to patients referred by healthcare professionals.
Moreover, PET centers have emerged as dedicated facilities specifically focused on PET imaging, providing specialized services for cancer diagnosis, neurological disorders, and cardiovascular diseases, among others. These centers typically house state-of-the-art PET scanners and employ skilled technicians and radiologists to ensure accurate imaging and interpretation of results. Additionally, research institutes form another important segment, driving innovation and technological advancements in PET imaging through clinical trials, academic research, and collaborative initiatives with industry players.
The segmentation of the global PET scanners market by end user reflects the diverse applications and evolving needs within the healthcare industry. As demand for precise and non-invasive diagnostic techniques continues to rise, especially in the fields of oncology, neurology, and cardiology, the market is expected to witness sustained growth, with each end user segment contributing to its expansion in unique ways.
Global Positron Emission Tomography (PET) Scanners Market, Segmentation by Geography
In this report, the Global Positron Emission Tomography (PET) Scanners Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Positron Emission Tomography (PET) Scanners Market Share (%), by Geographical Region, 2024
The global positron emission tomography (PET) scanners market has been witnessing significant growth, driven by advancements in medical imaging technologies and an increasing prevalence of chronic diseases such as cancer and neurological disorders. This report segments the market by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America holds a dominant position in the global PET scanners market, owing to factors such as well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and substantial investments in research and development. The presence of key market players and favorable reimbursement policies further contribute to the region's market dominance.
Europe follows closely behind, propelled by increasing healthcare expenditure, rising geriatric population, and growing awareness regarding early disease detection and diagnosis. Countries like Germany, France, and the United Kingdom are at the forefront of technological innovation in medical imaging, driving the demand for PET scanners in the region.
The Asia Pacific region is emerging as a lucrative market for PET scanners, supported by improving healthcare infrastructure, expanding medical tourism industry, and growing disposable incomes in countries like China, India, and Japan. Rising incidences of cancer and other chronic diseases are also fueling the demand for advanced diagnostic tools, including PET scanners, in this region.
In the Middle East and Africa, the market for PET scanners is witnessing steady growth, driven by increasing healthcare investments, improving access to healthcare services, and rising awareness regarding the benefits of early disease diagnosis. However, market penetration may be limited by factors such as economic challenges and infrastructure constraints.
Latin America represents another promising market for PET scanners, supported by improving healthcare infrastructure, increasing government initiatives to enhance healthcare services, and a growing burden of chronic diseases. However, market growth may vary across countries due to differences in healthcare expenditure and regulatory environments. Overall, the global PET scanners market is poised for continued expansion, driven by technological advancements, rising disease burden, and increasing healthcare investments worldwide.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Positron Emission Tomography (PET) Scanners Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers:
- Technological advancements in imaging
- Increasing prevalence of cancer
- Growing healthcare expenditure
- Rising demand for early diagnosis
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Expansion of healthcare infrastructure: The global Positron Emission Tomography (PET) scanners market has witnessed substantial expansion in recent years, driven by the increasing prevalence of chronic diseases such as cancer and neurological disorders worldwide. PET scanners play a crucial role in early disease detection, precise diagnosis, and treatment monitoring, thus contributing to the overall improvement of patient outcomes. Additionally, advancements in technology, such as the development of hybrid PET/CT and PET/MRI systems, have further fueled market growth by offering more comprehensive diagnostic capabilities. Moreover, the rising adoption of PET imaging in research applications, including drug development and neuroscience studies, has bolstered market demand, prompting healthcare facilities to invest in modern PET scanner technologies to enhance their diagnostic capabilities.
In response to the growing demand for PET scanners, healthcare infrastructure expansion initiatives have been underway across various regions globally. Governments and healthcare organizations are increasingly investing in upgrading existing facilities and establishing new imaging centers equipped with state-of-the-art PET scanner systems. These infrastructure developments aim to address the increasing burden of chronic diseases, improve access to advanced diagnostic services, and enhance overall healthcare delivery. Furthermore, collaborations between healthcare institutions and industry players, along with favorable reimbursement policies for PET imaging procedures, are expected to further drive market growth and facilitate the widespread adoption of PET scanners in both developed and emerging markets.
Restraints:
- High initial investment costs
- Limited reimbursement policies
- Regulatory hurdles
- Shortage of skilled professionals
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Concerns regarding radiation exposure: The global Positron Emission Tomography (PET) scanners market has witnessed substantial growth in recent years, driven by advancements in medical imaging technologies and increasing demand for early disease diagnosis. PET scanners play a crucial role in diagnosing various medical conditions, including cancer, cardiovascular diseases, and neurological disorders. These scanners utilize radioactive tracers to detect metabolic activity in the body, providing detailed images that aid in accurate diagnosis and treatment planning. However, despite their significant clinical benefits, concerns regarding radiation exposure remain a key challenge for the market. Healthcare professionals and patients alike are increasingly mindful of the potential risks associated with radiation exposure during PET scans, emphasizing the importance of optimizing scanning protocols to minimize radiation dose while maintaining diagnostic accuracy.
Efforts to address radiation exposure concerns in the PET scanners market have led to the development of innovative technologies aimed at reducing radiation dose without compromising image quality. Manufacturers are investing in research and development to enhance scanner efficiency, improve image resolution, and implement dose reduction strategies such as time-of-flight (TOF) and iterative reconstruction techniques. Additionally, regulatory bodies are issuing guidelines and recommendations to promote safe radiation practices and ensure proper training for healthcare professionals operating PET scanners. Despite these advancements, ongoing collaboration between industry stakeholders, healthcare providers, and regulatory authorities is essential to address radiation exposure concerns effectively and foster continued growth in the global PET scanners market while prioritizing patient safety.
Opportunities:
- Emerging markets expansion
- Development of portable scanners
- Integration with artificial intelligence
- Growing research collaborations
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Rising awareness campaigns: Rising awareness campaigns are pivotal in driving the adoption of medical technologies like Positron Emission Tomography (PET) scanners. These campaigns often target both healthcare professionals and the general public, emphasizing the importance of early detection, accurate diagnosis, and effective treatment monitoring. By educating physicians and patients about the benefits of PET imaging in detecting various diseases such as cancer, neurological disorders, and cardiovascular conditions, these awareness initiatives play a significant role in expanding the market for PET scanners.
The global PET scanners market is witnessing substantial growth due to increasing healthcare expenditure, advancements in imaging technologies, and rising demand for early disease detection. Additionally, factors such as the growing prevalence of chronic diseases and the aging population further drive the need for diagnostic tools like PET scanners. Moreover, ongoing research and development activities aimed at improving PET imaging techniques and expanding their applications contribute to the market's expansion. As awareness campaigns continue to raise consciousness about the importance of early diagnosis and personalized medicine, the demand for PET scanners is expected to surge in the coming years.
Competitive Landscape Analysis
Key players in Global Positron Emission Tomography (PET) Scanners Market include:
- GE Healthcare
- Toshiba Corporation
- Koninklijke Philips N.V.
- Siemens Healthineers
- Hitachi Medical Corporation
- Positron Corporation
- Mediso Ltd.
- Yangzhou Kindsway Biotech Co., Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Detector Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Positron Emission Tomography (PET) Scanners Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological advancements in imaging
- Increasing prevalence of cancer
- Growing healthcare expenditure
- Rising demand for early diagnosis
- Expansion of healthcare infrastructure
- Restraints
- High initial investment costs
- Limited reimbursement policies
- Regulatory hurdles
- Shortage of skilled professionals
- Concerns regarding radiation exposure
- Opportunities
- Emerging markets expansion
- Development of portable scanners
- Integration with artificial intelligence
- Growing research collaborations
- Rising awareness campaigns
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Positron Emission Tomography (PET) Scanners Market, By Product Type, 2021 - 2031 (USD Million)
- Full Ring PET Scanner
- Partial Ring PET Scanner
- Global Positron Emission Tomography (PET) Scanners Market, By Application, 2021 - 2031 (USD Million)
- Oncology
- Cardiology
- Neurology
- Others
- Global Positron Emission Tomography (PET) Scanners Market, By Detector Type, 2021 - 2031 (USD Million)
- Bismuth Germanium Oxide (BGO)
- Lutetium Oxyorthosilicate (LSO)
- Gadolinium Oxyorthosilicate (GSO)
- Lutetium Fine Silicate (LFS)
- Lutetium Yttrium Orthosilicate
- Global Positron Emission Tomography (PET) Scanners Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Diagnostic Centres
- PET Centres
- Research Institutes
- Global Positron Emission Tomography (PET) Scanners Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
- Global Positron Emission Tomography (PET) Scanners Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- GE Healthcare
- Toshiba Corporation
- Koninklijke Philips N.V.
- Siemens Healthineers
- Hitachi Medical Corporation
- Positron Corporation
- Mediso Ltd.
- Yangzhou Kindsway Biotech Co., Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market