Positron Emission Tomography Market Analysis 2021, Drivers and Restraints, Business Opportunities, Advancement Technologies, and Segmentation Forecast to 2024

Positron Emission Tomography

Positron Emission Tomography Market” report provides profound research of industry players, dynamics, and strategies are segmented and sub-segmented to simplify the actual conditions of the industry. The report also covers scope of product market, research methodology, Porter’s Five Force analysis, and Competitive landscape of industry. This report scrutinizes all the key factors influencing growth of global Positron Emission Tomography market, including production and value chain analysis, pricing structure, demand-supply scenario, profit margins.

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Top Players Are:

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

    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.

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    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

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    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.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Positron Emission Tomography Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Demand for PET Analysis in Radio Pharmaceuticals
    4.2.2 Technological Advancements in Pet Imaging for Oncology and Advanced Diagnostics Applications
    4.2.3 Integration of X-ray Tomography (CT) into PET
    4.3 Market Restraints
    4.3.1 Shorter Half-life of Radioisotopes
    4.3.2 Stringent Regulatory Guidelines
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Full Ring PET Scanners
    5.1.2 Partial Ring PET Scanners
    5.2 By Applications
    5.2.1 Cardiology
    5.2.2 Neurology
    5.2.3 Oncology
    5.2.4 Other Applications
    5.3 By End Users
    5.3.1 Hospitals
    5.3.2 Diagnostic Centers
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Agfa Healthcare
    6.1.2 Gamma Medica Inc.
    6.1.3 GE Healthcare
    6.1.4 Neusoft Medical Systems
    6.1.5 Oncovision
    6.1.6 Koninklijke Philips NV
    6.1.7 Positron Corporation
    6.1.8 Siemens AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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