Global Positron Emission Tomography Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4388575
  • Report
  • Region: Global
  • 211 pages
  • Mordor Intelligence
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The global positron emission tomography (PET) market is estimated at USD XX million in 2016 and is projected to reach USD XX million by 2021, growing at a CAGR of XX% during the forecast period.

Positron emission tomography (PET) is a nuclear medicine imaging technique that provides metabolic and functional information. PET technology has reportedly been combined with CT and MRI to provide detailed anatomical and metabolic information. The PET market has gained huge popularity, globally. It is currently exhibiting a highly lucrative growth rate with an increased use of PET, CT, and MRI for diagnosis of cardiac diseases, brain diseases, cancer, etc. Nuclear medicine is being used for therapeutic purposes for treatment of Alzheimer’s disease, coronary heart diseases, bone metastasis, and many types of cancer.

Drivers & Restraints

An increasing demand for PET analysis in radiopharmaceuticals, the growing geriatric population, technological advancements in PET imaging for oncology and AD applications, new 99mtc labeled agents for visualizing biologically significant events, and integration of x-ray tomography (CT) into PET are some of the major drivers for the growth of this market. The study of the nuclear medicine diagnostics is emerging rapidly in the form of a promising market. However, shorter half-life of radioisotopes, reimbursement issues, huge capital investment and stringent regulatory guidelines are turning out to be restraints for the market.

Market Segmentation

The positron emission tomography market is segmented by:

Type of Radioisotope

Application

Geography

By type of radioisotope, the market is segmented into Fluorine-18, Rubidium-82 (RB-82), and others. By application, the market is segmented into cardiology, neurology oncology, and others. There is a Cost/Quality Tradeoff trend between the SPECT and PET technologies; PET offers high-resolution images but at a very high cost, whereas SPECT offers low-quality imaging at reasonable costs.

Analyzing the application segment of PET, it is majorly being used in oncology because of good quality of imaging. PET is gradually catching up with SPECT in the cardiology segment. Hence, PET imaging products, which include hybrid PET-CT scanners, expect a potential increase in market size in the coming years.

PET/CT dominates the PET technology market

Geographically, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa and Latin America. North America accounts for the largest market share, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period owing to improving research infrastructure in the region, increasing awareness among patients and physicians for radioisotopes, rising incidence of chronic disease like cancer and boost in the population.

During the forecast period, the PET/CT market is expected to grow in the APAC region (excluding Japan) and Rest of the World. PET clearly dominates the market, with a total 5729 procedures in North America and more than 369,636 procedures in the Asia-Pacific.

Continuing improvements in imaging technology for PET have produced greater resolution and shorter imaging times. Promising future advancements like new PET biomarkers for Alzheimer's disease and oncology applications, coupled with increased applications in brain metastases and Parkinson syndromes, are further expected to fuel the growth of this market.

The key players in the market are:

Key Deliverables:

Market analysis for the global positron emission tomography (PET) market, with region specific assessments and competition analysis.

Market definition along with the identification of key drivers, restraints opportunities and challenges.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.

Identification and analysis of the macro and micro factors that affect the global positron emission tomography (PET) market.

Insights of the market in the regions that have the highest potential for growth and also identify the markets that are still untapped.
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1. INTRODUCTION
1.1 Study deliveratives
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and forecast period years
1.6 General Study Assumptions
1.7 Report Description
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Study timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Model
2.4.4 Expert Validation
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 Current market scenario
5.2 Market Overview
5.3 Porters Five Force Analysis
5.3.1 Bargaining Power Of Suppliers
5.3.2 Bargaining Power Of Buyers
5.3.3 Degree Of Competition
5.3.4 Threat Of Substitution
5.3.5 Threat Of New Entrants
6. DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)
6.1 Market Drivers
6.1.1 Increasing demand for PET analysis in radiopharmaceuticals
6.1.2 Growing geriatric population
6.1.3 Technological advancements in PET imaging for oncology and AD applications
6.1.4 New 99mTc labeled agents for visualizing biologically significant events
6.1.5 Integration of X-Ray tomography (CT) into PET
6.2 Market Restraints
6.2.1 Shorter half-life of radioisotopes
6.2.2 Reimbursement issues
6.2.3 Huge capital investment
6.2.4 Stringent regulatory guidelines
6.3 Market opportunities
6.3.1 Potential applications in Brain metastases, Parkinsons and AD
6.3.2 Potential radioisotopes in pipeline
6.3.3 Increasing Imaging and Neurological applications
6.4 Key Challenges
6.4.1 Rising fiscal deficit and economic recession
7. Global Positron emission tomography (PET) Market - Segmentation
7.1 BY TYPE OF RADIOISOTOPE
7.1.1 Fluorine-18
7.1.2 Rubidium-82 (RB-82)
7.1.3 Others
7.2 BY APPLICATIONS
7.2.1 Cardiology
7.2.2 Neurology
7.2.3 Oncology
7.2.4 Others
8. Global Positron emission tomography (PET) Market by Geography - Regional shares and forecast
8.1 North America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 Germany
8.2.2 UK
8.2.3 France
8.2.4 Italy
8.2.5 Spain & Portugal
8.2.6 Scandinavia
8.2.7 Benelux
8.2.8 Rest of Europe
8.3 Asia-Pacific
8.3.1 China
8.3.2 Japan
8.3.3 India
8.3.4 Australia & New Zealand
8.3.5 South Korea
8.3.6 Rest of Asia-Pacific
8.4 Middle East and Africa
8.4.1 GCC
8.4.2 South Africa
8.4.3 Rest of Middle East and Africa
8.5 Latin America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of Latin America
9. Competitive Landscape
9.1 Merger and Acquisition Analysis
9.2 New Product Launches
9.3 Agreements, Collaborations & Partnerships
10. Company Profiles
10.1 Philips (The Netherlands)
10.2 Siemens (Germany)
10.3 Positron Corporation (U.S)
10.4 Agfa Healthcare
10.5 Neusoft Medical Systems
10.6 Gamma Medica Inc.
10.7 GE Healthcare
10.8 Oncovision
10.9 Others
11. Analyst Outlook for Investment Opportunities
12. Future Outlook of the Market
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