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North America dominates the global positron emission tomography (PET) scanners market with an estimated market share of 41.2% in 2024, owing to strong industry presence and high healthcare expenditure in the U.S. and Canada. The region is home to most of the major PET scanner OEMs as well as radio pharmacies supplying radiotracers required for PET imaging procedures. Higher acceptance of PET as a diagnostic imaging modality relative to other regions drives the market growth. Moreover, favorable reimbursement policies have made PET scans affordable for patients.
Asia Pacific region excluding Japan is poised to be the fastest growing market for PET scanners. Rapid economic development and rising healthcare investments in countries such as China and India have increased patient access to advanced diagnostic technologies. Growing incidence of cancer and cardiac ailments has led to higher demand for PET procedures. Local manufactures are also expanding their production capacities to cater to the domestic demand. PET services providers from developed markets are entering emerging nations by establishing new operation centres or through partnerships with local players. This is expected to boost import of scanners as well as radiotracers in the coming years.
While North America dominates the PET scanners market currently due to its headstart, Asia Pacific region excluding Japan provides immense growth opportunities owing to its growing healthcare industry, large patient population and increasing disposable incomes. Both reimbursement scenarios as well as industry presence play an important role in determining regional dynamics of this market.
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