Global Positron Emission Tomography (PET) scanners market is forecast to value at US$ 935.7 Mn by the end of 2016

LONDON, April 24, 2017 /PRNewswire/ -- Positron Emission Tomography (PET) is a medical diagnostic technique that is used to examine metabolic activity of the tissue inside the body using a radiotracer that is administered intravenously. PET scanners comprise sensitive detectors that capture gamma ray emissions from inside the body creating 3-D images of the tracer concentrations within the body. The global Positron Emission Tomography (PET) scanners market was valued at US$ 903.1 Mn in 2015 and is anticipated to be valued at US$ 935.7 Mn by the end of 2016, reflecting a Y-o-Y growth rate of 3.6%.

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Market segmentation

The global Positron Emission Tomography scanners market has been segmented by Product Type (Full Ring PET Scanners, Partial Ring PET Scanners); by Application (Oncology, Cardiology, Neurology, Others); by Detector Type (Bismuth Germanium Oxide (BGO), Lutetium Oxyorthosilicate (LSO), Gadolinium Oxyorthosilicate (GSO), Lutetium Fine Silicate (LFS), Lutetium Yttrium Orthosilicate); by End User (Hospitals, Diagnostic Centres, PET Centres, Research Institutes); and by Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, Japan).

Here are some predictions:

·         The Full Ring PET Scanners product type segment is anticipated to account for a market share of 84.1% in the global Positron Emission Tomography (PET) scanners market by the end of 2016.

·         The Partial Ring PET scanners product type segment is expected to register a CAGR of 4.0% over the forecast period.

·         The Oncology application segment was valued at US$ 783.9 Mn in 2015 and is expected to witness a CAGR of 4.2% over the forecast period to reach US$ 1,219.2 Mn by 2026 end.

·         The Cardiology application segment is anticipated to create incremental opportunity of US$ 79.8 Mn between 2015 and 2026.

·         Lutetium Oxyorthosilicate (LSO) detector type segment expected to dominate the global Positron Emission Tomography (PET) scanners market

·         The Bismuth Germanium Oxide (BGO) detector type segment is estimated to account for 29.4% market share in the global Positron Emission Tomography (PET) scanners market by 2016 end.

·         Hospitals end user segment expected to hold maximum revenue share by 2026

·         The PET Centres end user segment is expected to increase to US$ 421.0 Mn by the end of 2026.

·         The North America market is estimated to account for 42.2% market share in the global Positron Emission Tomography (PET) scanners market by the end of 2016

·         The APEJ market is projected to witness the highest CAGR of 5.2% over the forecast period and is estimated to be valued at US$ 220.2 Mn by 2026 end.

Global Positron Emission Tomography (PET) scanners market leaders are diversifying their product portfolio and entering new markets to consolidate their brand value and market positioning.

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