The global Positron Emission Tomography Scanners Market Growth Accelerated by Increasing Demand for Early Disease Detection and Diagnosis

 


Positron Emission Tomography Scanners are medical imaging devices that use radioactive tracers and integrated electronic circuitry to produce three-dimensional images of functional processes in the body. PET scans are useful for detecting cancer, heart disease and brain disorders. They enable physicians to easily visualize and evaluate physiological processes inside the body at the molecular level. PET scans provide better resolution and sensitivity than other scans like CT or MRI which rely only on anatomical changes.

The global Positron Emission Tomography Scanners Market is estimated to be valued at US$ 2.5 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the Positron Emission Tomography Scanners market is the increasing demand for early disease detection and diagnosis. PET scans have proven to be effective in detecting cancers at an early stage by identifying tumor tissues and small metastases that may not be detected by other imaging methods. Early detection improves treatment outcomes and survival rates. As such, the use of PET scans is increasing among oncologists for screening, staging and restaging of various cancers. Furthermore, innovative technological advancements are allowing manufacturers to develop high resolution PET imaging systems with improved sensitivity and scan speed. This is expanding the clinical applications of PET scans and further fueling the demand.

Segment Analysis
The global positron emission tomography scanners market is dominated by the full-ring PET scanners sub segment due to their advantage of providing high image quality and wide field of view coverage for accurate diagnosis. Full-ring PET scanners dominate over partial-ring variants as they deliver maximum sensitivity coverage and access to more voxels for image reconstruction.

Key Takeaways
The global positron emission tomography scanners market is expected to witness high growth over the forecast period of 2023 to 2030 due to increasing incidence of cancer and cardiac diseases. The adoption of PET scans for tumor imaging, cardiac diagnostic procedures and neurological applications is driving market revenues.

Regional analysis
North America is currently the largest and fastest growing regional market for positron emission tomography scanners due to favorable reimbursement policies and increasing spending on medical technologies in the US and Canada.However, Asia Pacific is emerging as a lucrative market owing to rising healthcare expenditures and increasing public awareness about PET diagnostics in countries like China, India and Japan.

Key players
Key players operating in the positron emission tomography scanners market are Positron Corporation (US), CellSight Technologies. (US), RefleXion. (Canada), Clarity Pharmaceuticals (Australia), PETsys Electronics SA (Portugal), Blue Earth Diagnostics Limited. (UK), Qubiotech Health Intelligence S.L. (Spain), Advanced Accelerator Applications (France), Lily. (US), Agfa-Gevaert Group. (Belgium), CMR Naviscan. (US), Neusoft Corporation (China), Siemens (Germany), Segamicorp (US), ONCOVISION. (Spain), MedX Holdings, Inc (US), Modus Medical Devices Inc. (Canada), Radiology Oncology Systems (US), TOSHIBA CORPORATION (Japan), and General Electric Company (US), among others.

Comments

Post a Comment

Popular posts from this blog

Neuroendocrine Cancer is the fastest growing segment fueling the growth of Pituitary Cancer Market

Image
The pituitary cancer market comprises of medical treatment options for patients diagnosed with pituitary cancer. Pituitary cancers are rare tumors that start in the pituitary gland which is a pea-sized gland located at the base of the brain.  The global Pituitary Cancer Market is estimated to be valued at US$ 380.7 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.    Market key trends: One of the key trends fueling the growth of the pituitary cancer market is rising preference of targeted drug therapy over conventional chemotherapy. Targeted drug therapies mainly include somatostatin analogs and dopamine agonists which directly act on cancer cells and have less side effects compared to chemotherapy. These targeted drugs are effective in controlling symptoms and slowing tumor growth in patients with hormone secreting pituitary adenomas and carcinomas. The targe...
Read more

Enhancing Patient Care and Comfort: The Evolution of Hospital Beds

Image
  Hospital beds play a crucial role in patient care, providing comfort, safety, and functionality for individuals requiring medical attention. Over the years, advancements in technology and design have revolutionized hospital beds, leading to improved patient outcomes and caregiver efficiency. From basic adjustable beds to sophisticated models equipped with cutting-edge features, the evolution of hospital beds has transformed the healthcare landscape. Evolution of Hospital Beds: Historically, hospital beds were simple in design, primarily consisting of a metal frame with adjustable height and manual controls. However, as medical practices advanced and patient needs became more complex, the demand for more versatile and ergonomic hospital beds grew. In recent decades, significant strides have been made in the development of hospital bed technology. Modern hospital beds are designed with a focus on patient comfort, safety, and mobility. Features such as electronic controls, motorize...
Read more

Dry Eye Disease Market is Estimated to Witness High Growth Owing to Rising Awareness About Disease Management

Image
  Dry eye disease, also known as keratoconjunctivitis sicca, is a multifactorial disease of the ocular surface characterized by lack of sufficient moisture and tear film instability. Common symptoms of dry eye include stingy or burning sensation in eyes and blurred vision.   Market Dynamics : The Dry Eye Disease Market is witnessing high growth owing to rising awareness about disease management and increasing number of people experiencing symptoms of dry eyes. According to the report, increasing usage of electronic devices and prolonged screen time is a major driver fueling the demand for dry eye treatments. Additionally, growing geriatric population worldwide who are more prone to dry eyes is also contributing to the market growth. Availability of various treatment options along with new product launches is further expected to boost the market during forecast period.   Increasing Prevalence of Dry Eye Disease is Driving Market Growth   One of the major market drive...
Read more