Key Competitors - Positron Emission Tomography (PET) Scanners Industry

Over the course of the projected period, rising cancer incidence is anticipated to drive market growth for positron emission tomography (PET) scanners. For instance, the American Cancer Society predicts that there will be 606,880 cancer deaths and 1,762,450 new cancer cases in the United States in 2019. Medicare coverage for PET scanning is also anticipated to contribute to the market's expansion. The radioisotope 18F-fluorodeoxyglucose (FDG), used in PET/computed tomography (PET-CT) scanners, has a high success rate in the diagnosis of cancer. Expanded coverage for PET imaging in cancers such lung cancer, breast cancer, melanoma, lymphoma, head and neck cancer, esophageal cancer, colorectal cancer, cervical cancer, myeloma, thyroid cancer, and ovarian cancer also supports the usage of these scanners.

The market for Positron Emission Tomography (PET) Scanners is predicted to be worth US$ 1,107.6 million in 2019 and US$ 1,549.7 million by the end of 2027.

Prominent Companies in the Positron Emission Tomography (PET) Scanners Industry:

1. GE Healthcare:

Established in 1892. United States headquarters. A provider of ground-breaking medical technologies and services is GE Healthcare. It focuses on biopharmaceutical manufacturing technologies, computerised data management, performance enhancement, medical equipment, and performance services. It also specialises in medical imaging, information technologies, medical diagnostics, patient monitoring systems, drug development, and performance services. Chicago, Illinois serves as the company's headquarters. It was established in 1892. It pursues an aggressive acquisition strategy and concentrates on forming alliances with healthcare industry titans in an effort to strengthen the business' position in developing markets and increase the scope of its life sciences offerings. A deal was made to acquire IMACTIS, a maker of CT interventional guidance technology, by the recently spun-off GE HealthCare

2. Toshiba Corporation:

The second-biggest diversified industrial company in Japan and its major semiconductor maker, Toshiba was founded in 1875. Following the 2015 accounting scandal, Toshiba underwent a substantial restructuring into six key business areas: energy systems and solutions, infrastructure systems and solutions, building solutions, retail and printing solutions, storage and electronic device solutions, and digital solutions. With a market share of 16.5% in 2017, Toshiba, the second-largest maker of NAND flash memory, focuses its corporate resources in this sector. Toshiba accepts a Japanese consortium's $15 billion acquisition offer.

3. Koninklijke Philips N.V.:

Built in 1891. Head office in the Netherlands. The three business segments that Philips operates in are personal health, connected care, and diagnosis and treatment. The diagnostic and treatment business, which includes imaging systems, ultrasound equipment, image-guided therapy solutions, and healthcare informatics, generates around 50% of the company's sales. The personal health business (which generates the remaining revenue) consists of electric toothbrushes and men's grooming and personal-care items, while the connected care section (which accounts for 27% of revenue) includes monitoring and analytics systems for hospitals as well as sleep and respiratory care equipment. Philips made sales of 17.2 billion euros and employed 80,000 people across more than 100 nations in 2021.

4. Siemens Healthineers:

Provider of services for immunodiagnostics. The company's immunodiagnostics is a diagnostic methodology that uses an antigen-antibody response as their primary way of detection of the existence of the tumour linked with that antigen, enabling medical professionals to quickly diagnose any tumour present in the body. German headquarters are at Erlangen. The acquisition of Varian Medical Systems, Inc. has been successfully completed, according to Siemens Healthineers.

5. Hitachi Medical Corporation:

Established in 1949. Head office in Japan. Medical technology system and equipment producer and retailer. Doctors in many healthcare fields are assisted by the company's magnetic resonance imaging systems, x-ray computerised tomography scanner systems, x-ray systems, and ultrasonic therapy systems.

6. Positron Corporation:

The nuclear medicine PET Imaging Technology firm Positron Corp is situated in the United States and specialises in cardiac Positron Emission Tomography imaging. Nuclear cardiologists can take use of its affordable Attrius PET scanner, service, clinical know-how, and creative financing options. It makes money by selling radioactive items and medical equipment. Created in 1983. United States headquarters.

Yangzhou Kindsway Biotech Co., Ltd:

Yangzhou Kindsway Biotech Co.,Ltd. was founded in 2011 with a focus on providing high-quality medical products and services. Since its inception, the company has built strong relationships with a wide range of clients. At the moment, the company operates in accordance with a modern enterprise system and has established research and development, production management, domestic trade, and international trade as its core business activities.