Petct Scanner Device Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of PETCT Scanner Device Market in 2021

The global PETCT scanner device market is expected to have a growth rate of 4.2% CAGR from 2021 to 2028. The market is projected to reach USD 3.5 billion by the end of 2028. The increasing prevalence of cancer and other diseases, along with technological advancements in imaging devices, are driving the growth of the PETCT scanner device market.

COVID-19 Impact on the PETCT Scanner Device Market

The COVID-19 pandemic had a significant impact on the PETCT scanner device market. Due to the restrictions imposed during the pandemic, there was a temporary halt in the production and distribution of PETCT scanner devices. However, as healthcare facilities resumed operations, there was a surge in demand for imaging devices, including PETCT scanners, to diagnose and monitor COVID-19 patients.

PETCT Scanner Device Dynamics

The PETCT scanner device market is driven by factors such as increasing prevalence of chronic diseases, technological advancements in imaging devices, and growing demand for early and accurate diagnosis. Additionally, the adoption of hybrid imaging modalities for better diagnostic outcomes is fueling the growth of the PETCT scanner device market.

Segments and Related Analysis

The PETCT scanner device market is segmented based on type, application, and end user. By type, the market is divided into stationary and portable PETCT scanners. Based on application, the market is categorized into oncology, cardiology, neurology, and others. The key end users of PETCT scanner devices include hospitals, diagnostic centers, and research institutes.

By Region Analysis

The PETCT scanner device market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of advanced healthcare infrastructure and increasing investments in medical imaging technologies. Asia Pacific is expected to witness significant growth in the coming years.

Key Market Players and Competitive Landscape

Key players in the PETCT scanner device market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical Systems, and others. These companies are focusing on product innovations, collaborations, and mergers to strengthen their market presence and gain a competitive edge in the industry.

Recent Happenings in the PETCT Scanner Device Market

In recent developments, Siemens Healthineers launched a next-generation PETCT scanner with improved image quality and diagnostic capabilities. GE Healthcare announced a partnership with a leading research institute to develop advanced imaging solutions for personalized medicine. Philips Healthcare introduced a mobile PETCT scanner for remote healthcare settings, expanding access to imaging services in underserved areas.