Positron Emission Tomography Market Projected Growth Rate 2020 | Demand Status, Future Scope, Upcoming Trends of Manufacturers, Global Share with Industry Size Forecast to 2024

Positron Emission Tomography

The “Positron Emission Tomography Market” report covers the overview of the market and presents the information on business development, market size, and share scenario. The report also emphasizes on the growth prospects of the global Positron Emission Tomography market for the period 2020-2024. The report covers market characteristics for each segmentation across the key regions and country and traces the historic and forecast analysis of the industry. The report covers key vendors their revenue, breakdown by regions, and product demand. Other key details include volume, installed capacity, value chain.

Positron Emission Tomography Market Dynamics: –

  • Drivers: (Developing regions and growing markets)
  • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
  • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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Positron Emission Tomography Market Segmentation by Top Key Players:

  • Agfa Healthcare
  • Gamma Medica Inc.
  • GE Healthcare
  • Neusoft Medical Systems
  • Oncovision
  • Koninklijke Philips NV
  • Positron Corporation
  • Siemens AG

    Market Overview:

  • One of the factors that is augmenting the growth of the market is the increasing demand for PET analysis in radiopharmaceuticals. According to the World Nuclear Organization, there are over 20 million nuclear medicine procedures per year among 311 million people in the United States, about 10 million among 500 million people in Europe, and about 560,000 per year among 21 million people in Australia. SPECT and PET systems dominate the field of nuclear medicine market. Technological advancements, like the introduction of Time of Flight (TOF), as well as the rise in increasing popularity of the hybrid imaging systems, play an important role in the growth of the nuclear imaging market. The hybrid imaging using combined scanners, like SPECT/CT, PET/CT, and PET/MRI, is likely to propel the growth of the industry in the future. A study reveals that, in 2014, an estimated 11.7 million patients received nuclear medicine scans, on over 14,000 SPECT or SPECT/CT scanners, in the United States. In 2015, an estimated 220,800 new cases of prostate cancer were diagnosed in North America, and 27,540 men died of the disease. Supported by a USD 2.6 million grant from the National Institutes of Health, a novel PET imaging agent, 64Cu-TP3805, was developed to diagnose prostate cancer. Using this procedure, more than 80% of cancers were detected. Arsenic 72 and (18F)-3’-fluoro-3’-deoxythymidine (18F-FLT) are newer biomarkers in the PET oncological practice. Thus, these advances in approaches are expected to strengthen personalized medicine. Based on all the aforementioned key contributing factors, continued growth can be expected during the forecast period

    Scope of the Report:

    As per the , positron emission tomography (PET) is a diagnostic technique that uses radioactive substances for imaging the tissues and organs functioning. These radioactive substances are called tracers that shows the activity in the body. PET has applications in both the medical and research fields. Clinically, it is widely used in the oncology diagnosis, and as a research tool to map the human brain and heart function, and support drug development.

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    Key Market Trends:

    Oncology is Expected to Hold the Largest Share of the Positron Emission Tomography Market, over the Forecast Period

    The 18Fluorine-2-fluoro-2-Deoxy-d-glucose (18F-FDG) PET scanners are the most widely used imaging technique in oncology. Apart from imaging, PET scanners are commonly used into clinical trials, as an imaging biomarker, to determine the therapeutic response to novel cancer therapeutics. According to an article by Andrea Gallamini et. al, the most apparent advantages associated with PET is its ability to detect the substantial changes in glucose metabolism, or even complete shutoff of the neoplastic cell metabolism in the early stages, during the treatment process. This helps the clinicians to detect the effectiveness of a given antineoplastic treatment much earlier, compared to the traditional radiological detection. Furthermore, FDG-PET/CT has become a cornerstone in several oncologic procedures, such as tumor staging and restaging, treatment efficacy assessment during or after treatment ends, and radiotherapy planning.

    The number of cancer cases is increasing yearly. According to WHO, Cancer is the second-leading cause of death globally and was responsible for an estimated 9.6 million deaths in 2018. Globally, about 1 in 6 deaths are caused due to cancer. Approximately 70% of deaths from cancer occur in low- and middle-income countries. Thus, the need for early diagnosis and treatment of cancer cases has enhanced the usage of PET scanners and has led to the growth of the market.

    North American Region Holds the Largest Market Share of the Positron Emission Tomography Market

    North America dominates the positron emission tomography market, owing to the high demand for precision diagnostics and technological advancement in PET technology in the region. Other factors that contribute to the growth of the PET market in the United States include government initiatives, such as Medicare and Obama Care, which provide healthcare to patients through democratic supervision.

    The report provides key statistics on the market status of the Positron Emission Tomography Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Positron Emission Tomography .

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    Key Insights of Positron Emission Tomography Market:

    • Complete in-depth analysis of the Positron Emission Tomography
    • Important changes in market dynamics.
    • Segmentation analysis of the market.
    • Emerging segments and regional markets.
    • Historical, on-going, and projected market analysis based on volume and esteem.
    • Assessment of niche industry players.
    • Market share analysis.
    • Key strategies of major players

    Positron Emission Tomography Market Report Covers Following Points in TOC:

    • Chapter 1: Positron Emission Tomography Market Definition
    • Chapter 2: Research Methodology of Positron Emission Tomography Market
    • Chapter 3: Positron Emission Tomography Market Executive Summary
    • Chapter 4: Positron Emission Tomography Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Positron Emission Tomography Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Positron Emission Tomography Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Positron Emission Tomography Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Positron Emission Tomography Market

    For Detailed TOC Click Here

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