Positron Emission Tomography (PET) Market: By Type (Partial ring PET scanners, Full ring PET scanners), By Application (Cardiology, Oncology, Neurology. Urology, Orthopedics, Gastroenterology, Others), By End User (Ambulatory Surgical Centers, Diagnostic Centers, Hospitals), and Geography

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Positron Emission Tomography (PET) Market size was valued at USD 2.1 billion in 2022. It is expected to reach USD 3.2 billion by 2029, at a CAGR of 6.2% from 2023-2029. PET (positron emission tomography) is a type of preclinical imaging that is used to diagnose disorders including cancer and Alzheimer's disease. The identification of a pair of gamma rays emitted inadvertently by a radiotracer is the underlying basis of PET imaging. PET can also tell the difference between malignant and benign cancers. Increased demand for PET analysis in radiopharmaceuticals and the incorporation of X-ray tomography (CT) into PET are two factors driving market expansion.

According to the World Nuclear Association, over 10,000 hospitals worldwide employ radioisotopes in medicine, with about 90% of procedures being for diagnosis, as of April 2021. Diagnostic and interventional medicine is used 1.9 percent of the time in industrialized countries (about one-quarter of the world's population), and radioisotope therapy is used around one-tenth of the time. Nuclear medicine operations are performed in excess of 20 million times per year in the United States and about 10 million times in Europe. In Australia, roughly 560,000 people are born each year, with 470,000 of them using reactor isotopes. Radiopharmaceuticals are being used in diagnostics at a rate of above 10% per year.

Furthermore, the presence of Medicare coverage for positron emission tomography (pet) scanning is projected to boost market expansion. PET/computed tomography scanners (PET-CT)  that use the radioisotope 18F-fluorodeoxyglucose (FDG) for cancer diagnosis have a high success rate. Increased coverage for PET imaging in cancers such as lung cancer, melanoma, breast cancer, lymphoma, head and neck cancer, oesophageal cancer, colorectal cancer, cervical cancer, myeloma, thyroid cancer, and ovarian cancer also supports the usage of these scanners. Ongoing reimbursement cuts are anticipated to hinder market expansion. Worldwide, decreased payer reimbursement for PET and SPECT procedures has resulted in a drop in outpatient volumes, limiting patient access to high-quality, low-cost imaging and diagnostic services. Furthermore, the market's expansion is projected to be limited by radiopharmaceuticals' short half-life. The most commonly used radiotracer in PET imaging is fluoro-deoxy glucose which uses fluorine-18 as a tracer. The half-life of the radiotracer is just under two hours. This restricts its diagnostic imaging utility.

Positron Emission Tomography Pet Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

Asia Pacific

Fastest Growing Market

North-America
Positron Emission Tomography (PET) Market Dynamics

The rise in the geriatric population globally, increase in chronic diseases prevalence like cardiovascular, orthopedic disorders, neurological, fewer side effects associated with the imaging techniques, and advancements in technology like high field strength are driving the growth of Global Positron emission tomography (PET) Market over the forecast period. Moreover, the rise in demand for minimally invasive and non-invasive diagnostic procedures, growing awareness regarding health in developing countries are propelling the growth Positron emission tomography (PET) Market globally. On the other side, high costs associated with the diagnosis, unfavorable reimbursement policies, growing competition from cost-effective imaging techniques, and dearth of skilled professionals are the few factors that are hampering the growth of the Positron emission tomography (PET) market globally.

Positron Emission Tomography Pet Market Segmentation

By Type
  • Partial ring PET scanners
  • Full ring PET scanners
By Application
  • Cardiology
  • Oncology
  • Neurology
  • Urology
  • Orthopedics
  • Gastroenterology
  • Others
By End User
  • Ambulatory Surgical Centers,
  • Diagnostic Centers,
  • Hospitals

Frequently Asked Questions

The positron emission tomography market size was valued at USD 2.1 billion in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

The positron emission tomography market key players are Hitachi Medical Corporation (Japan), Siemens Healthineers (Germany), Toshiba Medical Systems (Japan), GE Healthcare (U.K.), Philips Healthcare (Netherlands), Esaote SpA (Italy)

Key Features of the Reports

  • The positron emission tomography market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Positron Emission Tomography (PET) Market Introduction 
2.1.Global Positron Emission Tomography (PET) Market  - Taxonomy
2.2.Global Positron Emission Tomography (PET) Market  - Definitions
2.2.1. By Type
2.2.2. By Application
2.2.3. By End User
2.2.4. By Region
3.Global Positron Emission Tomography (PET) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Positron Emission Tomography (PET) Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Positron Emission Tomography (PET) Market  By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Partial ring PET scanners
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Full ring PET scanners
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Positron Emission Tomography (PET) Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Cardiology
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Oncology
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Neurology
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Urology
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Orthopedics
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Gastroenterology
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Positron Emission Tomography (PET) Market  By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Ambulatory Surgical Centers,
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Diagnostic Centers,
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Hospitals
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Positron Emission Tomography (PET) Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Positron Emission Tomography (PET) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Partial ring PET scanners
9.1.2.Full ring PET scanners
9.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Cardiology
9.2.2.Oncology
9.2.3.Neurology
9.2.4.Urology
9.2.5.Orthopedics
9.2.6.Gastroenterology
9.2.7.Others
9.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Ambulatory Surgical Centers,
9.3.2.Diagnostic Centers,
9.3.3.Hospitals
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Positron Emission Tomography (PET) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Partial ring PET scanners
10.1.2.Full ring PET scanners
10.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Cardiology
10.2.2.Oncology
10.2.3.Neurology
10.2.4.Urology
10.2.5.Orthopedics
10.2.6.Gastroenterology
10.2.7.Others
10.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Ambulatory Surgical Centers,
10.3.2.Diagnostic Centers,
10.3.3.Hospitals
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Positron Emission Tomography (PET) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Partial ring PET scanners
11.1.2.Full ring PET scanners
11.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cardiology
11.2.2.Oncology
11.2.3.Neurology
11.2.4.Urology
11.2.5.Orthopedics
11.2.6.Gastroenterology
11.2.7.Others
11.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Ambulatory Surgical Centers,
11.3.2.Diagnostic Centers,
11.3.3.Hospitals
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Positron Emission Tomography (PET) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Partial ring PET scanners
12.1.2.Full ring PET scanners
12.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cardiology
12.2.2.Oncology
12.2.3.Neurology
12.2.4.Urology
12.2.5.Orthopedics
12.2.6.Gastroenterology
12.2.7.Others
12.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Ambulatory Surgical Centers,
12.3.2.Diagnostic Centers,
12.3.3.Hospitals
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Positron Emission Tomography (PET) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Partial ring PET scanners
13.1.2.Full ring PET scanners
13.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Cardiology
13.2.2.Oncology
13.2.3.Neurology
13.2.4.Urology
13.2.5.Orthopedics
13.2.6.Gastroenterology
13.2.7.Others
13.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Ambulatory Surgical Centers,
13.3.2.Diagnostic Centers,
13.3.3.Hospitals
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Hitachi Medical Corporation (Japan)
14.2.2.Siemens Healthineers (Germany)
14.2.3.Toshiba Medical Systems (Japan)
14.2.4.GE Healthcare (U.K.)
14.2.5.Philips Healthcare (Netherlands)
14.2.6.Esaote SpA (Italy)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Hitachi Medical Corporation (Japan)
  • Siemens Healthineers (Germany)
  • Toshiba Medical Systems (Japan)
  • GE Healthcare (U.K.)
  • Philips Healthcare (Netherlands)
  • Esaote SpA (Italy)
  • Sanrad Medical Systems Pvt. Ltd (India)
  • Aurora Imaging Technology, Inc. (U.S.)
  • SUMEC Group Corporation (China)
  • Positron Corporation

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