- Ability of PET-CT scans to provide more accurate diagnoses enhances the demand for these devices extensively
- Latest technological advancements will shape the growth structure of the PET-CT scanner devices market during the forecast period
ALBANY, N.Y., Sept. 15, 2021 /PRNewswire/ -- The rising prevalence of Alzheimer's, cardiovascular disorders, and cancer will positively impact the growth trajectory of the PET-CT scanner devices market during the forecast period of 2021-2031. Furthermore, ongoing technological developments are expected to set the stage for the growth of the PET CT scanner devices market.
PET-CT scanner devices blend positron emission tomography (PET) and computed tomography (CT) to detect diseases in an individual. It is a type of nuclear medicine imaging. The non-invasive nature and the ability to provide broad anatomic information is expected to prove beneficial for the PET-CT scanner devices market.
According to the analysts at Transparency Market Research (TMR), the global market for PET-CT scanner devices is expected to expand at a CAGR of 3.1% during the forecast period. The global PET-CT scanner devices market stood at US$ 210.2 Mn in 2020, in terms of valuation, and is expected to reach US$ 310.4 Mn by 2031.
The 'convenience' quotient plays a massive role in increasing the growth prospects of the PET-CT scanner devices market. Instead of invasive procedures and other imaging examinations, an individual can be tested without any hassles. In addition, PET-CT scanner devices have the potential to detect recurrent or residual disease. Furthermore, it is an excellent procedure to differentiate tumor recurrences from post-surgical changed or radiation necrosis. All these factors offer considerable growth opportunities to the PET-CT scanner devices market.
Fusion of Positron Emission Tomography (PET), Computed Tomography (CT) Provide Plethora of Advantages
The combination of positron emission tomography and computed tomography has numerous benefits in terms of diagnosis speed and accuracy. Both scans, when performed differently, can prove tedious and may not be accurate. With PET-CT scanner devices, the time for diagnosis is reduced, and the accuracy level is also increased greatly. Thus, these benefits are anticipated to favor the growth of the PET-CT scanner devices market.
Rising Cancer Cases to Present Considerable Growth Opportunities to PET-CT Scanner Devices Market Players
Cancer cases are rising steadily around the world. The early detection is an important factor that will help cure cancer before it starts to multiply rapidly. Hence, these factors make PET-CT scanner devices important in the oncology segment. PET-CT scanner devices used for oncology accounted for 85% market share in 2020.
PET offers extensive benefits in terms of oncologic imaging over anatomic imaging modalities. Malignant and benign lesions can be differentiated with the help of the PET technology, whereas CT shows pictures of tissues and organs inside a person's body with precision. The dual benefits of PET and CT help healthcare professionals to delve deeper into the diagnosis of cancer. Therefore, these factors invite substantial growth prospects for the PET-CT scanner devices market.
Integration of Latest Technologies such as Artificial Intelligence (AI) to Impact Growth of PET-CT Scanner Devices Market
Technological advancements are playing a massive role in the growth of the PET-CT scanner devices market. With intense R&D, the integration of technologies such as Artificial Intelligence (AI) has been made possible. Many studies have also shown promising results regarding the role of AI in PET-CT scanner devices. AI reduces PET imaging time and helps in decreasing the radiation dose in cancer patients. Such benefits are encouraging players to invest in R&D activities for proper integration of these technologies. All these factors are anticipated to drive the PET-CT scanner devices market.
Some well-established players in the PET-CT scanner devices market are MinFound Medical Systems Co., Ltd., Neusoft Corporation, Siemens Healthineers, GE Healthcare, Bruker Corporation, and United Imaging Healthcare Co.
Global PET-CT Scanner Devices Market
PET-CT Scanner Devices Market, by Modality
PET-CT Scanner Devices Market, by Application
PET-CT Scanner Devices Market, by Slice Count
PET-CT Scanner Devices Market, by End User
PET-CT Scanner Devices Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
§ GCC Countries
Rest of MEA
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