Global positron emission tomography market: 3.7% CAGR growth forecast between 2012-61
Global Positron Emission Tomography Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 00:16:04
The Global Positron Emission Tomography market is to grow at a CAGR of 3.74 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the aging population. The Global PET market has also been witnessing the fusion of PET with other modalities. However, the negative impact of the economic recession could pose a challenge to the growth of this market.
The combination of PET with other imaging equipment such as MRI, CT, and X-ray will provide high-resolution images of the physiological and anatomical behavior of the body. This will in turn help to understand the disease in an effective way. Currently, only the top three companies in the market have introduced hybrid systems such as PET/MRI technology, namely, GE Healthcare, Siemens Healthcare and Philips Healthcare. Siemens Healthcare´s Biograph mMR is the most advanced hybrid comprising of a PET/CT that scans the patients once and takes only 30 minutes for imaging and generating the image. This equipment is currently used for clinical research at Massachusetts General Hospital. Currently, PET/MRI scanning is limited to the experimental stage; however, with the development of new tracer molecules and the optimization of PET/MRI procedures, it could boost the use of PET/MRI scanning methods in clinical settings. GE Healthcare is also in the process of developing trimodality scanning equipment consisting of PET/CT/MRI scanning. The trend toward the development of fusion modalities is expected to revolutionize the Global PET market.
One of the major drivers in this market is the increase in the aging population. The increase in the aging population has led to a high incidence of diseases such as cancer, Alzheimer´s, and cardiovascular disorders. This is expected to boost the procurement of PET scanners in all the geographical regions.
One of the major challenges in this market is the economic recession and its impact, especially in the EMEA region. This is expected to reduce the adoption rate of PET scanners and thereby reduce the potential revenues for the market. The major factor for this is the fluctuations in regional currencies. The poor economy is also expected to further reduce the reimbursement options and support from the individual governments.
The key vendors dominating this market space are GE Healthcare, Philips Healthcare, and Siemens Healthcare. Other vendors are Capintec Inc., Hitachi Medical systems USA Inc., Mediso Medical Imaging Systems Ltd., Naviscan Inc., and Positron Corp.
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