PET CT Scanner Market Report 2024 (Global Edition)

Global PET CT Scanner Market Report 2024 Market Size Split by Type Outlook: (Digital, Analog), by Application Outlook: (Cardiology, Oncology, Neurology, Others), by Modality Outlook: (Fixed, Mobile), ...

PET CT Scanner Market Report Description

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PET CT Scanner Market Insights Video

Competitive Landscape of the PET CT Scanner market

The PET CT scanner market is characterized by intense competition among key players, including Siemens Healthiness, G.E. Healthcare, Philips Healthcare, and Canon Medical Systems. These companies dominate through innovation, advanced technology integration, and strategic partnerships. Siemens Healthiness leads with its Biography series, emphasizing enhanced imaging capabilities and workflow efficiency. G.E. Healthcare offers the Discovery line, focusing on precision and patient comfort.

In April 2024, CDL Nuclear Technologies announced the launch of its innovative Mobile dedicated Cardiac PET/CT Trailer, designed to transform cardiac care by providing advanced PET/CT imaging services directly to medical facilities as per their schedules. (Source: https://www.dicardiology.com/content/cdl-nuclear-technologies-launches-new-mobile-cardiac-petct-trailer)

Top Companies Market Share in PET CT Scanner Industry: (In no particular order of Rank)

• Canon Medical Systems
• G.E. Healthcare
• Kingsway Biotech
• Koninklijke Phillips N.V.
• Mediso Ltd.
• PerkinElmer
• Positron
• Shimadzu Corporation
• Siemens Healthineers AG
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Regional Analysis of the PET CT Scanner Market

Which Region Dominates the PET CT Scanner Market in 2024?

According to Cognitive Market Research, North America currently dominates the PET CT Scanners market, and the region is expected to have an increasing prevalence of cancer and neurological disorders, along with advancements in imaging technology. The United States holds a dominant position, accounting for the majority of the market share, due to its well-established healthcare infrastructure and high investment in research and development. Factors such as rising demand for early diagnosis, personalized medicine, and the integration of PET CT with other imaging modalities contribute to market growth. Additionally, the presence of key market players and continuous innovation in scanner technology enhance diagnostic accuracy and patient outcomes.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increasing healthcare expenditure, rising incidences of chronic diseases, and advancements in imaging technology. Countries like Japan, China, and India are at the forefront, with Japan leading in technological adoption and China rapidly expanding its healthcare infrastructure. The growing awareness of early disease diagnosis and personalized medicine further propels market demand. Additionally, government initiatives to improve healthcare access and the rise of research activities in oncology and neurology are boosting market growth.

The current report Scope analyzes PET CT Scanner Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America PET CT Scanner

According to Cognitive Market Research, the global PET CT Scanner market size was estimated at USD 2514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the PET CT Scanner market with a market size of USD 793.48 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The U.S. market's Technological advancements, like the integration of A.I., are enhancing image quality and reducing scan times, further boosting adoption.
• The Canada PET CT Scanner market had a market share of USD 120.68 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada’s Government funding and investments in public healthcare infrastructure support the adoption of such technology
• The Mexico PET CT Scanner market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 91.52 million in 2024.

Europe PET CT Scanner

According to Cognitive Market Research, the global PET CT Scanner market size was estimated at USD 2514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 754.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom PET CT Scanner market had a market share of USD 126.72 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the U.K., PET CT Scanner rising prevalence of chronic diseases like cancer and cardiovascular conditions fuels the demand for accurate diagnostic tools.
• The France PET CT Scanner market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 650.28 million in 2024.
• According to Cognitive Market Research, the German PET CT Scanner market size was valued at USD 149.34 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany’s aging population contributes significantly, as older demographics require advanced imaging for various age-related diseases.
• The Italy PET CT Scanner market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 64.87 million in 2024.
• The Russia PET CT Scanner market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 116.81 million in 2024.
• The Spain PET CT Scanner market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 61.85 million in 2024
• The Luxembourg PET CT Scanner market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 23.85 million in 2024.
• The Portugal PET CT Scanner market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 15.84 million in 2024.
• The Greece PET CT Scanner market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 9.05 million in 2024.
• The Rest of Europe's PET CT Scanner market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 116.91 million in 2024.

Asia Pacific PET CT Scanner

According to Cognitive Market Research, the global PET CT Scanner market size was estimated at USD 2514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 578.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China PET CT Scanner market size was valued at USD 260.22 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. PET CT Scanner Technological advancements in scanner resolution and efficiency attract hospitals and clinics, aiming to enhance patient care.
• The Japan PET CT Scanner market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 79.80 million in 2024.
• The India PET CT Scanner market had a market share of USD 650.28 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's Technological advancements, such as hybrid imaging and A.I. integration, attract healthcare providers aiming to improve diagnostic accuracy and efficiency.
• The South Korean PET CT Scanner market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 57.83 million in 2024.
• The Australian PET CT Scanner market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 30.07 million in 2024.
• The South East Asia PET CT Scanner market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 39.09 million in 2024.
• The Rest of Asia Pacific PET CT Scanner market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 41.06 million in 2024.

South America PET CT Scanner

According to Cognitive Market Research, the global PET CT Scanner market size was estimated at USD 2514.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 125.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil PET CT Scanner market size was valued at USD 53.80 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Brazil’s expanding private healthcare sector and collaborations with international companies further boost market growth by introducing state-of-the-art equipment and services.
• Argentina's PET CT Scanner market had a market share of USD 21.12 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's Increased awareness among patients regarding early diagnosis and treatment options is pushing demand for PET CT scans.
• Colombia PET CT Scanner market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 11.19 million in 2024.
• Peru PET CT Scanner market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 10.31 million in 2024.
• Chile PET CT Scanner market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 9.05 million in 2024.
• The Rest of Latin America's PET CT Scanner market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 20.24 million in 2024.

Middle East and Africa PET CT Scanner

According to Cognitive Market Research, the global PET CT Scanner market size was estimated at USD 2514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 50.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries PET CT Scanner market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 21.52 million in 2024. PET CT Scanner A growing number of healthcare facilities, including hospitals and diagnostic centers, are adopting these systems to meet the rising patient needs.
• The Egypt PET CT Scanner market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 5.28 million in 2024.
• The South Africa PET CT Scanner market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 7.94 million in 2024. PET CT Scanner's rising number of hospitals and diagnostic centers equipped with PET CT technology also supports market expansion.
• The Turkey PET CT Scanner market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 4.32 million in 2024.
• The Nigeria PET CT Scanner market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 5.28 million in 2024.
• The Rest of the MEA PET CT Scanner market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 5.93 million in 2024.

PET CT Scanner Market Analysis

How are Segments Performing in the Global PET CT Scanner Market?

PET CT Scanner Market Type Segment Analysis

According to Cognitive Market Research, Digital PET CT scanners are at the forefront of technological advancement, providing enhanced image quality, higher sensitivity, and faster scan times compared to analog counterparts. These features make digital scanners highly desirable for accurate diagnostic applications, especially in oncology and neurology. Digital systems also support advanced features such as artificial intelligence (A.I.)-driven analytics, which aid in improving diagnostic precision and workflow efficiency.

The analog PET CT scanners, though lacking the latest digital enhancements, are still widely used due to their cost-effectiveness and adequate performance for routine imaging needs. They appeal to healthcare facilities with budget constraints or those in emerging markets where access to high-end digital equipment may be limited. Analog scanners are often preferred for general clinical practices and lower-priority applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of PET CT Scanner Industry. Request a Free Sample PDF!

PET CT Scanner Market Application Segment Analysis

According to Cognitive Market Research, PET CT scanners are used in cardiology to assess heart function, detect coronary artery disease, and identify myocardial perfusion abnormalities. These scanners provide detailed metabolic information that helps differentiate between viable and non-viable heart tissue, which is crucial for determining appropriate treatment plans. The increasing prevalence of cardiovascular diseases, combined with the growing awareness of early diagnosis and treatment, drives demand for PET CT in cardiology.

In the PET CT Scanner market, Oncology is the fastest growing segment, largely due to the scanners' effectiveness in detecting and monitoring cancer. PET CT scans are instrumental in staging cancers, evaluating treatment efficacy, and detecting recurrence. They enable precise visualization of metabolic activity and tumor locations, improving the accuracy of diagnosis and patient outcomes. The rising global cancer burden, coupled with advancements in radio tracer technologies, fuels the adoption of PET CT scanners in oncology.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

PET CT Scanner Modality Outlook: Segment Analysis

PET CT Scanner Market Capacity Segment Analysis

According to Cognitive Market Research, Fixed PET CT Scanners are permanently installed in hospitals, diagnostic centers, and larger healthcare facilities. Fixed scanners are typically high-performance devices that can handle a high volume of scans due to their robust imaging capabilities and advanced features, which are essential for diagnosing complex conditions like cancer and neurological diseases. They are particularly preferred in urban areas and high-density medical centers, where patient inflow is substantial, allowing for an efficient return on investment. However, they require significant infrastructure, high installation costs, and ongoing maintenance.

In the PET CT Scanner market, the Mobile PET CT Scanners units provide flexibility, making them ideal for rural and underserved areas, allowing facilities to offer PET CT imaging without the need for permanent installation. These scanners can be transported and shared among facilities, optimizing resource use and expanding access to PET imaging. Mobile PET CT scanners are crucial for facilities that may have a different demand or budget for a fixed scanner. Additionally, they are becoming popular for on-site imaging services, enabling patients with limited mobility to receive timely diagnosis and treatment.

• Fixed
• Mobile

PET CT Scanner End-use Outlook: Segment Analysis

PET CT Scanner Market End-use Segment Analysis

According to Cognitive Market Research, Hospitals represent the largest segment due to their high demand for PET CT scanners in clinical diagnostics. These scanners are essential for accurate detection and staging of cancers, as well as for evaluating other complex conditions like neurological and cardiovascular diseases. Hospitals continually invest in PET CT technology to enhance diagnostic accuracy and patient outcomes and to meet the growing demand for advanced imaging.

Research Institutes represent a smaller yet significant segment, driven by their focus on innovation and understanding disease mechanisms. In these settings, PET CT scanners play a vital role in preclinical and clinical research, including the development of new radio-pharmaceuticals, imaging biomarkers, and personalized treatment approaches. Research institutes prioritize cutting-edge scanner technology with advanced imaging capabilities to support their investigative needs.

• Hospital
• Research Institute
• Diagnostic Center
• Ambulatory Surgical Centers
• Others

PET CT Scanner Slice Count Outlook: Segment Analysis

PET CT Scanner Market Capacity Segment Analysis

According to Cognitive Market Research, the Slice PET CT scanners, with 64 or more slices, offer advanced imaging quality and speed, which allows for enhanced resolution and quicker scans. They are particularly suitable for complex cases, including oncology and cardiology, where detailed imaging is essential for accurate diagnosis and treatment planning. This segment is witnessing demand from well-funded hospitals and specialized healthcare facilities, where high throughput and advanced diagnostic capabilities are prioritized.

In the PET CT Scanner market, the Medium Slice PET CT scanners, typically ranging between 16-64 slices, offer a balanced solution between cost and performance, making them more accessible for mid-sized hospitals and diagnostic centers. While they provide satisfactory imaging for general diagnostic needs, they may need to match the resolution of high-slice systems. However, their cost-effectiveness and satisfactory performance make them popular in emerging markets and smaller healthcare setups where budget constraints are significant.

• High Slice
• Medium Slice
• Low Slice

PET CT Scanner Detector Type Outlook: Segment Analysis

PET CT Scanner Market Capacity Segment Analysis

According to Cognitive Market Research, the Thallium is widely used for myocardial perfusion imaging, particularly in cardiac diagnostics, to assess blood flow and heart muscle viability. It is preferred for patients who cannot undergo stress testing or need highly sensitive cardiac evaluations. The demand for Thallium-based PET CT scans is driven by the prevalence of cardiovascular diseases and an aging global population, especially in regions with high cardiac disease rates.

In the PET CT Scanner market, the 18F Sodium Fluoride is primarily employed in skeletal imaging, offering superior accuracy in detecting bone metastases. This radio tracker has gained popularity due to its enhanced sensitivity and specificity, making it valuable for identifying cancerous lesions and aiding in the early diagnosis and management of various bone-related disorders. The adoption of 18F Sodium Fluoride PET CT imaging is expanding, driven by rising cancer incidence and advancements in oncology. This segment's growth is fueled by the demand for precise diagnostic solutions in both oncology and cardiology, enabling better patient outcomes through targeted therapeutic approaches.

• Thallium
• 18 F Sodium Fluoride
• Fluorodeoxyglucose
• FMISO

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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