Latest News- Positron Emission Tomography Market: PET-CT is expected to lead the Type segment during 2025-2029

The Positron Emission Tomography Market is being driven by Increasing prevalence of chronic conditions worldwide

The Positron Emission Tomography Market is expected to grow at a CAGR of 6.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 806.3 million. The Positron Emission Tomography (PET) market has witnessed notable technological advancements, leading to substantial enhancements in image quality, sensitivity, and specificity. Two significant innovations in this domain are Time-of-Flight (TOF) PET and High-Resolution PET. TOF PET scanners, now commonly used, measure the time it takes for gamma rays to travel from the emission source to the detector. This feature allows for more precise localization of positron emissions, resulting in superior image resolution and heightened diagnostic accuracy. In addition, advancements in detector technology and system design have culminated in the creation of high-resolution PET systems. These cutting-edge solutions provide finer details in imaging, facilitating superior visualization of minute lesions and overall improved image quality. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • PET-CT
  • PET-MRI
• Application
  • Oncology
  • Cardiology
  • Neurology
• End-user
  • Hospitals
  • Diagnostic centers
  • Research institutes
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic conditions worldwide
• Rising number of new product launches by prominent companies
• Growing number of mergers and acquisitions activities

However, the market also witnesses some limitations, which are as follows:

• High costs associated with PET imaging
• Frequent PET scanner product recalls
• Stringent regulations and risks associated with PET scanners

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Market Scope in Positron Emission Tomography Market Research Report

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Research Analysis Overview

The Positron Emission Tomography (PET) market encompasses technologies such as gamma camera detectors, coincidence detection systems, crystal scintillators, and photomultiplier tubes. Key components include data acquisition systems, image reconstruction software utilizing iterative reconstruction and filters like filtered back projection. Attenuation and scatter correction, noise reduction, segmentation tools, standardized uptake value, metabolic rate calculation, perfusion quantification, and tumor volume measurement are essential for accurate lesion detection. Diagnostic specificity and sensitivity, radiation safety guidelines, quality assurance measures, clinical trial protocols, patient preparation methods, image interpretation guidelines, reporting standards, data management systems, research applications, drug development, and preclinical studies are also integral aspects of the market. New tracer development is a significant area of focus.

Market Research Overview

The Positron Emission Tomography (PET) market, a significant segment of the global healthcare equipment industry, encompasses pet scanner technology, radiotracer uptake quantification, image reconstruction algorithms, and attenuation correction methods. Technavio, a leading technology research and consulting firm, positions this market within the larger healthcare equipment sector, which covers manufacturers of capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. The global healthcare equipment market size is determined by Technavio through the consolidated revenue of diagnostic equipment and device manufacturers. The healthcare equipment industry is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices such as PET scanners.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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