Rising incidence rate of cancer drives demand for effective products in the global PET-CT scanner devices market
Wilmington, Delaware, United States, Oct. 07, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – Technological advancements in the field of medical devices, as well as rising cases of various chronic diseases is boosting growth within the global PET-CT scanner devices market. PET-CT scanning devices offer operative as well as anatomic information, which is extremely helpful in the treatment of cancer patients. Players in the market, most prominently ones in the developed economies, are focusing on making their products more and more mobile. As per a recent business intelligence study, the global PET-CT scanner devices market is projected to record a CAGR of 3.1% over the forecast period of 2021 to 2031.
The prices for PET-CT scanning devices are diminishing, owing to rising competition and resulting growth in production. This is anticipated to create new opportunities for customers, as well as PET-CT scanner devices manufacturers. Furthermore, advancements in scanning technologies and devices that offer enhanced localization of normal vs abnormal structures, and require lesser time for scan as compared to conventional PET scanner devices, are also bolstering growth within the global PET-CT scanner devices market.
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PET-CT Scanner Devices Market – Key Findings of the Report
- Rising Demand from Oncology Sector: Growth in the incidence of cancer cases around the world is boosting demand within the global PET-CT scanner devices market. The solutions offered by market players are used to diagnose cancer. They also offer more information, such as the nature of the tumor (i.e., malignant or benign) as well as effectiveness of the treatment. Key reasons for enhanced diagnostic results acquired through PET-CT scans include higher specificity (as compared to just PET) and effective detection of malignant tissues, owing to its highly sensitive imaging modality.
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PET-CT Scanner Devices Market – Growth Drivers
- Increasing prevalence of chronic disorders, including cardiovascular diseases, Alzheimer’s disease, and cancer boosts demand within the global PET-CT scanner devices market
- Rising research and development activities in the medical devices manufacturing sector and resulting improvements in finished products bolsters market growth
- Increasing use of PET-CT scanners for examining cancer cell abnormalities propels growth within the global PET-CT scanner devices market
PET-CT Scanner Devices Market – Key Players
Some of the key companies operating in the global PET-CT scanner devices market include Siemens Healthineers, GE Healthcare, Neusoft Corporation, Canon, Inc., Bruker Corporation, Kononklijke Philips N.V., Mediso Ltd., MR Solutions, SOFIE, and United Imaging Healthcare Co. Players in the global PET-CT scanner devices market are focused on expanding their distribution networks in order to provide their various product offerings in several economies and regions. To achieve this, they are also entering into partnerships and signing collaborative agreements with other players.
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PET-CT Scanner Devices Market – Regional Growth Assessment
North America held a notable share of the global PET-CT scanner devices market in 2019, with the United States leading the North America industry. The presence of robust and well-trenched healthcare infrastructure, as well as fast paced adoption of advanced and new age imaging tools and equipment is positively impacting growth within the United States, and ultimately North America PET-CT scanner devices market. Furthermore, increasing number of traumatic brain injury cases in the United States is also favoring expansion of North America market.
Asia Pacific PET-CT scanner devices market is anticipated to perform well in coming years. This trend can be attributed to rising engagements of established players in economies such as India and China to adopt various growth and expansion strategies. These include acquisitions, alliances, geographical expansion, launching new products, and distribution agreements. Furthermore, increasing incidence rate of cancer in Asia Pacific is also anticipated to create growth opportunities in coming years.
PET-CT Scanner Devices Market: Segmentation
PET-CT Scanner Devices Market, by Modality
PET-CT Scanner Devices Market, by Slice Count
PET-CT Scanner Devices Market, by Application
PET-CT Scanner Devices Market, by End User
- Diagnostic Centers
PET-CT Scanner Devices Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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