Advancements in Medical Imaging Modality Space to Drive Global Market
Advancements in nuclear medicine imaging have played a key role in paving the way for novel nuclear imaging techniques such as positron emission tomography wherein positron emission tomography (PET) scanners are used. As the popularity of positron emission tomography (PET) continues to grow around the world, the demand for positron emission tomography (PET) scanners has witnessed rise. The increasing adoption of nuclear medicine imaging to evaluate, diagnose, and treat a range of diseases, including cardiovascular diseases, cancer, gastrointestinal, and neurological diseases is a major factor that has shaped the growth of the global positron emission tomography (PET) scanners market over the past few years – a factor that is expected to drive the market during the forecast period.
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The increasing demand for non-invasive medical procedures coupled with the rising prevalence of chronic diseases are some of the other factors anticipated to fuel the growth of the global positron emission tomography (PET) scanners market during the assessment period. Over the past few years, PET has established a solid foothold in the medical imaging modality space and as per the current observations, the trend is expected to continue over the assessment period. Moreover, consistent developments made by PET instrumentation has played a key role in improving the various facets of imaging due to which, the adoption of positron emission tomography (PET) scanners has increased at a consistent pace.
At the back of these factors, along with the onset of novel digital technologies, the global positron emission tomography (PET) scanners market is projected to cross market value of US$ 1.2 Bn by the end of 2030.
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Hardware Improvements and Advancements in PET Instrumentation to Fuel Market Growth
Over the past few years, PET instrumentation has evolved at a rapid pace due to which, the medical imaging sphere has garnered considerable attention. Some of the most noteworthy advancements include development of new hardware, integration of designs with digital photomultipliers, and fast electronics, which have enabled the implementation of time-of-light reconstruction. Furthermore, players involved in the positron emission tomography (PET) scanners market landscape have increasingly focused toward improving PET sensitivity, which requires 3D imaging and a larger axial field. Considerable efforts have been made to increase the adoption of positron emission tomography (PET) scanners for cardiac and respiratory patients to improve the overall quality of imaging and resolution. Numerous positron emission tomography (PET) scanner manufacturers are increasingly focusing on improving the quality of PET images by increasing the spatial resolution and sensitivity of the image, while simultaneously augmenting the spatial accuracy. Rapid advancements made by new detector technologies is expected to play an imperative role in boosting the overall growth of the global positron emission tomography (PET) scanners market during the assessment period.
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High Adoption to Manage Oncological Diseases to Aid Market Growth
Due to the growing awareness pertaining to the benefits of radiation oncology, radiotherapy, along with increasing demand for non-invasive procedures worldwide, the global positron emission tomography (PET) scanners market is staring at a bright future during the assessment period. The increasing adoption of radiation oncology to treat a range of oncological diseases and improve target volume delineation for the radiotherapy procedures in the pipeline is expected to augment the demand for positron emission tomography (PET) scanners during the assessment period. Positron emission tomography (PET) has gained considerable spotlight, particularly in a clinical environments to improve the management of oncological patients that are undergoing radiotherapy. In addition, as PET enables the quantification and visualization of tumoral features on a molecular level in comparison with the conventional imaging techniques, the adoption of PET is increasing worldwide– a factor that is expected to boost the growth of the global positron emission tomography (PET) scanners market.
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Positron Emission Tomography (PET) Scanners Market: Key Developments
- Key players in the global positron emission tomography (PET) scanners market are engaged in regulatory approvals, introduction of technologically advanced products, acquisitions, and collaborative agreements with other companies. These business development strategies adopted by key players are likely to fuel the global positron emission tomography (PET) scanners market.
- The report on the global positron emission tomography (PET) scanners market discussed individual strategies, followed by company profiles of manufacturers of positron emission tomography (PET) scanners products. The competition landscape section has been included in the positron emission tomography (PET) scanners market report to provide readers with a dashboard view and a company market share analysis of key players operating in the global positron emission tomography (PET) scanners market.
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