Global PET-CT Scanner Devices Market: Overview
Positron emission tomography-computed tomography scan in a single imaging session helps to gather information about the structure as well as function of cells and tissues in the body. In the past few years, large number of PET scans have been carried out with instruments that are integrated with PET as well as CT scanners. The combined PET-CT scan delivers images of the anatomic location of abnormal metabolic activity occurring in the body. With the help of combined scans, an accurate diagnoses can be achieved compared to two scans performed separately.
Global PET-CT Scanner Devices Market: Key Trends
The global PET-CT scanner devices market is driven by rise in prevalence of infectious and chronic diseases and high demand for effective diagnostic systems. According to the International Agency for Research on Cancer (IARC), around 14.1 million new cancer cases were reported globally in 2012. According to the Centers for Disease Control and Prevention (CDC), over 20,000 men and 9,000 women suffered from liver cancer in 2018, and an estimated 15,000 men and 8,000 women succumb to the disease in the U.S. each year. Rise in prevalence of brain diseases also boosts market growth. According to the Alzheimer’s Association, over 5 million people were indicated to be suffering from Alzheimer’s disease in 2017.
Global PET-CT Scanner Devices Market: Segmentation
The global PET-CT scanner devices market can be segmented based on detector type, setting, application, end-user, and region. In terms of detector type, the market can be classified into gallium, flurodeoxyglucose, FMISO, thallium, 62CU ATSM, and others. Based on setting, the global PET-CT scanner devices market can be bifurcated into fixed and portable devices. In terms of application, the market can be categorized into cardiology, neurology, oncology, and others. Based on end-user, the global PET-CT scanner devices market can be divided into hospitals, diagnostic centers, and research institutes.
Global PET-CT Scanner Devices Market: Regional Analysis
In terms of region, the global PET-CT scanner devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to capture significant market share during the forecast period owing to increase in health care investment by manufacturers and high R&D expenditure by companies for the development of these devices. Moreover, rise in prevalence of chronic diseases and cancer fuels the growth of PET-CT scanner devices market in the region.
Europe is anticipated to account for the second largest market share from 2019 to 2027. A significant shift has been witnessed in the installed base of PET-CT systems from large institutions to other settings such as general hospitals and private practice. Rise in government funding is also a major factor boosting the adoption of this technology. In England, PET-CT was funded centrally by the National Health Service (NHS) in 2015.
The PET-CT scanner devices market in Asia Pacific is expected to expand at a high CAGR in the next few years. Factors such as large patient population, rise in disposable income, and increase in patient awareness are likely to fuel the growth of the market during the forecast period.
Global PET-CT Scanner Devices Market: Competitive Landscape
Key players in the global PET-CT scanner devices market include Positron Corporation, GE Healthcare, Mediso Ltd., PerkinElmer, Inc., Siemens Healthineers, Hitachi, Ltd., Shimadzu Corporation, Koninklijke Philips N.V., Toshiba Corporation, and Yangzhou Kindsway Biotech Co. Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.