Introduction:

PET-CT Scanner Device Market was valued at US$ 2.58 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 4.9 Billion by 2034.

[PDF] The PET-CT Scanner Device Market focuses on providing services and products for scanning, medical imaging, and detection of underlying diseases in the body with the use of a special dye containing radioactive tracers. The continuous progression of chronic diseases such as cancer, heart diseases and abnormal blood pressure, across the world is the major key factor leading to the growth of the PET-CT Scanner Device Market. 

For instance, according to The International Agency for Research on Cancer (IARC), it was estimated that 14.1 million new cancer cases were diagnosed globally in 2012. The most frequent kind of these was lung cancer (13%) followed by breast cancer (11.9%) and colorectal cancer (11.9%). The rising instances of brain disorders including Alzheimer's and traumatic brain injury are further boosting the growth of the PET-CT Scanner Device Market

Rising incidence of chronic diseases

The continuous adoption of unhealthy lifestyles among people has led to a significant rise in the number of chronic diseases like, abnormal blood pressure, heart diseases and diabetes; which in turn has been pushing over the growth of the target market. The upsurge in the number of newly diagnosed cancer cases and the rising cancer mortality rate is another important factor leading to the growth of the PET-CT Scanner Device Market.

For instance, in April 2023, according to (The Hindustan Times) it was reported that there has been an upsurge in the number of people suffering from chronic diseases after the Covid19 pandemic.  Chronic diseases like cancer, diabetes and heart diseases are at a rising level which thereby highly require the use PET-CT Scan Systems in the clinical facilities, thereby boosting the growth of the PET-CT Scanner Device Market.

Increasing adoption and deployment of PET/CT systems in clinical applications

Advancements in technology and the adoption of PET/CT systems in clinical industries is another key factor leading to the growth of the target market. Numerous advantages provided by the PET-CT systems such as, better image quality, less pain, non-invasiveness, and fewer scanning sessions are the factors leading to the growth of the PET-CT Scanner Device Market.

For instance, in May 2020, according to National Cancer Institute, it was proved that the PSMA PET-CT was 27% more accurate in detecting any metastases, compared to the other standard approaches like MRI. It was found to be more accurate for both metastases found in lymph nodes, pelvis, and other distant parts like bones. The radiation exposure was also significantly lower while using the PSMA PET-CT system.

Restrains:

The high installation and maintenance costs of the PET-CT Systems are the major key factors restraining the target market growth. The adoption of new and innovative systems has been delayed by the significant cost required for the newest technology as well as the presence of large and tightly controlled reconditioned systems businesses, particularly in developing countries. Major local and international firms have also entered this lucrative market, providing refurbished equipment to healthcare institutions all over the world at low prices. Additionally, numerous healthcare facilities prefer low-cost refurbished items over brand-new ones. Furthermore, the unfavorable healthcare reimbursement policies of several countries also act as a barrier to the growth of the PET-CT Scanner Device Market. Furthermore, the decreased payer compensation for PET and SPECT procedures has led to a drop in the outpatient volumes, limiting the patient access to high-quality and low-cost imaging services.

 

PET-CT Scanner Device Market is segmented based on Type, By Application, By End User, and By Region.

Type Insight

On the basis of Type, PET-CT Scanner Device Market is segmented into Stationary Scanners and Mobile Scanners. The Mobile Scanners type segment is expected to dominate the target market growth due to the increasing adoption of mobile devices. The mobile device category also has advantages such as cheaper costs, quicker installation times, less initial investments, and less patient travel. There are several different portable PET-CT scanners available from reputable manufacturers including GE, Philips, and Siemens.

Application Insights

On the basis of Application, PET-CT Scanner Device Market is segmented into Cardiology, Oncology and Neurology. The Cardiology Application segment is expected to dominate the target market growth as a little amount of radioactivity is used during a cardiac positron emission tomography (PET) scan to look at the heart muscle. Cardiovascular PET/CT offers greater accuracy, less radiation exposure, and improved efficiency as compared to traditional nuclear stress testing procedures (SPECT). Cardiovascular PET/CT are also helpful for patients with a high body mass index (BMI), a lot of breast or chest wall tissue, breast implants, or pleural or pericardial effusions. The rising prevalence of cardiac diseases among the population also plays an important role in helping the Cardiology Application segment to dominate the market growth.

End-User Insights

On the basis of End-User, PET-CT Scanner Device Market is segmented into Hospitals, Diagnostic Centers, and Research Institutes. The Hospital End-User segment is expected to dominate the target market growth due to improved healthcare infrastructure, and availability of all facilities under one roof.

Regional Insights:

On the basis of Region, the PET-CT Scanner Device Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America Regional segment is expected to dominate the growth of the target market as the North America segment overtook all other regions as the market leader for PET-CT scanner devices. This is due to the emerging number of people with chronic diseases, growing need for PET-CT scan devices, improved healthcare facilities with skilled medical staff, improved R&D (research and development) activities, presence of prominent key players, and more government investment in the healthcare system is anticipated to increase the demand for PET-CT Scanner Device Market in the North American region.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Stationary Scanners, Mobile Scanners By Application - Cardiology, Oncology, Neurology By End-User - Hospitals, Diagnostic Centers, and Research Institutes
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the PET-CT Scanner Device Market report based on Type, Application, End-User, and Region:

PET-CT Scanner Device Market, By Type:

• Stationary Scanners
• Mobile Scanners

PET-CT Scanner Device Market, By Application:

• Cardiology
• Oncology
• Neurology

PET-CT Scanner Device Market, By End-User:

• Hospitals
• Diagnostic Centers
• Research Institutes

PET-CT Scanner Device Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the PET-CT Scanner Device Market includes, General Electric Co., Toshiba Corporation, Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation, Siemens AG, PerkinElmer, Inc., Positron Corporation, Yangzhou Kindsway Biotech Co. Ltd, and Mediso Ltd.

• General Electric Co.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Toshiba Corporation
• Hitachi, Ltd.
• Koninklijke Philips N.V.
• Shimadzu Corporation
• Siemens AG
• PerkinElmer, Inc.
• Positron Corporation
• Yangzhou Kindsway Biotech Co. Ltd.
• Mediso Ltd.

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

• In June 2023, a newly developed technology named “augmented whole-body scanning via magnifying PET” was presented at the 2023 Society of Nuclear Medicine and Molecular Imaging Annual Meeting. It has been shown to enhance the image quality as well as the system sensitivity of the clinical whole-body PET/CT imaging. It is used for cancer staging, restaging and the evaluation of patients.
• In October 2022, GE Healthcare launched one of its successful products – “Omni Legend”. It is a first-of-its-kind, fully digital PET/CT that provides extremely high-resolution pictures. This cutting-edge device uses a brand-new digital BGO detector material with a tiny crystal that helps give double the sensitivity of earlier digital scanners, enabling shorter overall scan periods and very small lesion sizes.
• In December 2020, ‘Ga-PSMA-11’ was approved by the FDA as one of the first Ga-Labeled radiopharmaceutical used for PET imaging of Positive Prostate Cancer (PSMA).  This technique has the ability to precisely localize the prostate cancer and aid in defining its stage. It has also been able to identify the precise stage and represent another sector that uses risk classification.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Typeology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Technologys
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Technologys
  • Secondary Technologys
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Type
  • Market Snippet, By Application
  • Market Snippet, By End User
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Stationary Scanners
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Mobile Scanners
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Cardiology
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Oncology
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Neurology
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End User, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Hospitals
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Diagnostic Centers
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Research Institutes
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

•  General Electric Co
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Toshiba Corporation
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Hitachi, Ltd
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Koninklijke Philips N.V
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Shimadzu Corporation
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Siemens AG
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• PerkinElmer, Inc.
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  Positron Corporation
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Yangzhou Kindsway Biotech Co. Ltd
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mediso Ltd.
  • Company Overview
  • Technology Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contac