PET-CT Scanner Device Market, by Detector Type (FluroDeoxyGlucose, 62CU ATSM, FMISO, Gallium, Thallium, and Others), by Setting (Fixed and Portable), by Application (Cardiology, Neurology, Oncology, and Others), by End User (Hospitals, Diagnostic Centers, and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

  • Published On : Sep 2018 |
  • Pages : 172 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

PET-CT Scanner Device Market – Insights

A positron emission tomography (PET) - computed tomography (CT) scan reveals information about both the structure and function of cells and tissues in the body during a single imaging session. In recent times, majority of PET scans are performed on instruments that are combined with PET and CT scanners. The combined PET-CT scans provide images that identify the anatomic location of abnormal metabolic activity within the body. The combined scans have been shown to provide more accurate diagnoses than the two scans performed separately.

The diagnosis of various diseases such as cancer, heart diseases, and certain brain disorders require the use of both PET and CT scans. PET scanners measure metabolic activity, whereas CT scanners highlight anatomical features. The risk to poor superimposition of separate imaging is reduced and the hybrid PET-CT process lessens burden on the patient by simplifying the scanning process. The use of PET-CT scanner hybrids combine the strengths of two well-established imaging modalities and helps in accurate diagnosis, localizing, and monitoring of the disease. Moreover, PET-CT scanners can record the images in extremely short time (less than a minute).

The global PET-CT scanner device market size was valued at US$ 1.9 billion in 2017 and is expected to witness a CAGR of 5.1% over the forecast period (2018 – 2026).

Global PET-CT Scanner Device Market Share (%) Analysis, By Application, 2017

Source: Coherent Market Insights Analysis (2018)

Increasing prevalence of chronic diseases and rising geriatric population is expected to drive the PET-CT scanner device market revenue

Rising prevalence of infectious and chronic diseases such as cancer and heart disease across the globe and increasing demand for effective diagnostic systems is expected to drive the PET-CT scanner market size. According to the National Centre for Health Statistics, 2011, heart disease is the leading cause of death in the U.S., killing over 600,000 people each year. 

According to the International Agency for Research on Cancer (IARC), in 2012, an estimated 14.1 million new cancer cases were reported, globally. Among these, the most common form of cancer was lung cancer (13%), breast cancer (11.9%), and colorectal cancer (9.7%). According to the Centers for Disease Control and Prevention (CDC), February 2018 data, around 22,000 men and 9,000 women suffer from liver cancer, and around 16,000 men and 8,000 women die due to liver cancer, every year in the U.S.

Moreover, rising cases of brain illness such as Alzheimer’s and traumatic brain injury is also contributing to market growth. For instance, according to the Alzheimer’s Association, in 2017, over 5 million people were estimated to be suffering from Alzheimer’s disease, which was also reported to be the sixth-leading cause of death in the U.S.

PET-CT Scanner Device Market - Restraints

PET-CT scan test results of diabetic patients or patients who consumed any food few hours prior to the examination could be adversely affected, owing to altered blood sugar or blood insulin levels. A person who is very obese may not fit into the opening of a conventional PET-CT unit. Motion artifacts could also be a major problem with PET-CT imaging when compared to the standard PET. Moreover, this scan is not recommended for all patients including pregnant women due to harmful radiation causing side effects to the body. All these factors can negatively impact the PET-CT scanner device market growth.

PET-CT Scanner Device Market - Regional Insights

On the basis of region, the global PET-CT scanner device market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global PET-CT scanner device market, owing to rising number of traumatic brain injury cases in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2013, around 282,000 people were diagnosed with brain injury and around 50,000 people died due to traumatic brain injury in the U.S. It is estimated to be a major cause of disability and death in the U.S.

Europe is also expected to show significant growth in the PET-CT scanner device market, owing to huge number of installed devices and presence of major industry players such as Koninklijke Philips N.V., Siemens AG, and others in the region contributing major revenue share to the market. According to the European Association of Nuclear Medicine (EANM) Annual Congress held in France, in 2012, there were 577 providers of PET and/or PET/CT in Western Europe, and PET/CT accounted for 92% of the installed systems.

Moreover, the installed base of PET-CT continues to shift from larger institutions into settings such as general hospitals and private practice. Increasing government funding is also a major factor for the technology adoption. For instance, in England, as of August 2015, PET-CT is funded centrally by the National Health Service (NHS) England.

Global PET-CT Scanner Device Market Value (US$ Mn) & Y-o-Y Growth (%)

          

 Source: Coherent Market Insights Analysis (2018)

PET-CT Scanner Device Market - Competitive Landscape

Key players operating in the global PET-CT scanner device market include General Electric Co., Hitachi, Ltd., Mediso Ltd., Koninklijke Philips N.V., PerkinElmer, Inc., Positron Corporation, Siemens AG, Shimadzu Corporation, Toshiba Corporation, and Yangzhou Kindsway Biotech Co. Ltd. Manufacturers are continually bringing in new PET/CT design. New technology enables more precise measurements of metabolic processes and data quantification, including assessment of cancerous tissue, neurologic disease, and cardiac blood flow (perfusion).

Positron Emission Tomography (PET) and Computer Tomography (CT) scanners are combined to provide utmost diagnostic capabilities to patients. This combination produces a highly sensitive imaging and detects diseases at an early stage that are often undetected by CT alone or by other imaging procedures such as magnetic resonance imaging (MRI). The CT component of the system adds anatomical information to the PET scan and provides accurate information on the location of disease in the body. These equipment are used for diagnosis of different types of cancers, such as colorectal cancers and lymphomas, as well as some neurological and cardiac conditions.

Market Dynamics

Increasing prevalence of various chronic diseases such as different types of cancer, heart conditions, and neurological disorders demand disease diagnosis at early stage. For instance, in 2018, 1,735,350 new cancer cases and 609,640 cancer deaths are projected to occur in the U.S. It is a powerful tool for determining and diagnosing the stage of many cancer types, including breast, brain, cervical, colorectal, esophageal, head and neck, lung, lymphoma, melanoma, pancreatic, and thyroid cancers. PET/CT is also finding potential value for radiation therapy planning. With recent advances in intensity-modulated radiation therapy, it is possible to treat tumors while reducing radiation doses to non-targeted organs when compared with traditional techniques.

PET-CT scans can also detect early onset of neurological disorders such as Alzheimer’s disease. It is frequently used to identify areas of the brain causing epileptic seizures. However, PET-CT scan is not recommended for all patients due to harmful radiation that causes side effects to the body. For instance, it is not suitable for pregnant women, as the radiation could harm the baby.

Key features of the study:

  • This report provides in-depth analysis of the PET-CT scanner device market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period 2018 – 2026, considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global PET-CT scanner device market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include General Electric Co., Hitachi, Ltd., Mediso Ltd., Koninklijke Philips N.V., PerkinElmer, Inc., Positron Corporation, Siemens AG, Shimadzu Corporation, Toshiba Corporation, and Yangzhou Kindsway Biotech Co. Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global PET-CT scanner device market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global PET-CT Scanner Device Market, By Detector Type:
    • FluroDeoxyGlucose (FDG)
    • 62CU ATSM
    • FMISO
    • Gallium
    • Thallium
    • Others
  • Global PET-CT Scanner Device Market, By Setting:
    • Fixed
    • Mobile
  • Global PET-CT Scanner Device Market, By Application:
    • Cardiology
    • Oncology
    • Neurology
    • Others
  • Global PET-CT Scanner Device Market, By End User:
    • Hospitals
    • Diagnostic Centers
    • Research Institutes
  • Global PET-CT Scanner Device Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
    • Africa
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Detector Type:
        • FluroDeoxyGlucose (FDG)
        • 62CU ATSM
        • FMISO
        • Gallium
        • Thallium
        • Others
      • By Setting:
        • Fixed
        • Portable
      • By Application:
        • Cardiology
        • Neurology
        • Oncology
        • Others
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Research Institutes
  • Company Profiles
    • General Electric Co.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Hitachi, Ltd.
    • Mediso Ltd.
    • Koninklijke Philips N.V.
    • PerkinElmer, Inc.
    • Positron Corporation
    • Siemens AG
    • Shimadzu Corporation
    • Toshiba Corporation
    • Yangzhou Kindsway Biotech Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Detector Type
      • Market Snippet, By Setting
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technological Advancements
    • Pricing Analysis
    • Regulatory Landscape
    • Reimbursement Scenario
    • Major Brand Analysis
    • Research Studies
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global PET-CT Scanner Device Market, By Detector Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • FluroDeoxyGlucose (FDG)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • 62CU ATSM
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • FMISO
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Gallium
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Thallium
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global PET-CT Scanner Device Market, By Setting, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Fixed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Mobile
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global PET-CT Scanner Device Market, By Application, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Cardiology
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Oncology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Neurology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global PET-CT Scanner Device Market, By End User, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Diagnostic Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  8. Global PET-CT Scanner Device Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Detector Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Setting, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • General Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Hitachi, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Mediso Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • PerkinElmer, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Positron Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Shimadzu Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Toshiba Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Yangzhou Kindsway Biotech Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 24 market data tables and 29 figures on "PET-CT Scanner Device Market” - Global forecast to 2026”.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
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  • System Integrators
  • Distributors
  • End-users

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