PET-CT SCANNER DEVICE MARKET ANALYSIS

PET-CT Scanner Device Market, By Product Type (Stationary PET-CT Scanners and Portable/Mobile PET-CT Scanners), By Detector Type (Full-Ring PET-CT Scanners and Partial-Ring PET-CT Scanners), By Application (Oncology, Cardiology, Neurology, and Others), By End User (Hospitals, Diagnostic Imaging Centers, Academic and Research Institutions, Ambulatory Surgical Centers, and Other), By Modality (Hybrid PET-CT Scanners, Standalone PET Scanners, and Standalone CT Scanners), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024
Code : CMI2169
Pages :172
Formats :
Excel and PDF
Industry : Medical Imaging

Regional Analysis

PET-CT Scanner Device Market Regional Insights

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North America dominates the global PET-CT scanner device market with the estimated market revenue share of 40.3% in 2024 for quite some time now. The region is home to some of the most advanced healthcare facilities as well as a few leading players in the medical device industry. The strong presence of prominent manufacturer’s and established supply chain networks has enabled North America to cater to both domestic as well as international markets effectively. Additionally, favorable reimbursement policies, higher healthcare spending, rising incidence of cancer and growing ageing population have further boosted the demand for PET-CT scanners in the region. With the hospitals readily able to procure advanced diagnostic devices, North America enjoys the maximum availability of PET-CT scanners per capita globally. Its undisputed early mover advantage and strong product portfolio of regional players have helped North America to solidify its leadership position over the years.

Asia Pacific, on the other hand, has emerged as the fastest growing regional market for PET-CT scanners. The growing medical tourism across developing countries like India and Thailand is sparking increased investments from both public and private healthcare sectors of the region. This, coupled with rising healthcare expenditure, expanding patient pool, and growing cognizance about the benefits of whole-body imaging devices, has accelerated the demand from Asia Pacific. Moreover, significant portion of exports from leading North American and European manufacturers is increasingly being directed towards Asia Pacific owing to its massive untapped market potential. This steady inflow of high-end devices has enabled progressive penetration of PET-CT scanners even in tier-2 and tier-3 cities across India, China, Japan and South Korea. Promising economic growth, flourishing medical technology industry and ongoing healthcare reforms are further likely to sustain the momentum for Asia Pacific to maintain its status as the hotbed of opportunities.