Wilmington, Delaware, United States: The global positron emission tomography market is expected to witness slow growth during the forecast period between 2021 and 2031.
Wilmington, Delaware, United States: The global positron emission tomography market is expected to witness slow growth during the forecast period between 2021 and 2031.
Positron emission tomography refers to a medical imaging procedure deployed to track the internal organs in a human body in a bid to identify the presence of any disorders.
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The key element to performing positron emission tomography is a tracer, which passes through blood circulation and assists healthcare professionals in detecting the specific area of concern, accurately.
Positron emission tomography has proven beneficial for oncologists in the last few years to detect the presence of any given type of cancer within a human body.
Owing to high consistency in detecting the presence or absence of cancer, they have also been deployed by neurologists and cardiologists to identify the presence of neurological and cardiological diseases in a human being.
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Positron Emission Tomography Market - Trends and Opportunities
Rising incidences of different types of cancer worldwide are the key growth driver for the positron emission tomography market.
Also, growing number of different cardiovascular and neurological disorders globally are expected to contribute to overall market growth, in the years ahead.
Innovations to existing products could help in the growth of the positron emission tomography market, in future.
Government initiatives and measures, promoting the benefits of positron emission tomography could also help propel market growth, in the coming years.
Oncology application segment is expected to make the largest contribution to the overall positron emission tomography market in future because of the increased demand for position emission tomography scanners to study and treat different types of cancer, globally.
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Positron Emission Tomography Market - Competitive Landscape
The global positron emission tomography market is extremely competitive with the presence of several prominent players, many of whom are expected to account for a large share in the global market, in the upcoming years.
Collaborations with smaller players could help leading market players expand their presence and increase their revenue shares.
In July 2021, GE Healthcare collaborated with a consortium of Quibim, Oncovision, and Full Body Insight to produce an innovative positron emission tomography scanner for concurrent whole-body imaging.
Research and development activities to produce improved quality of products could be a key growth strategy for some positron emission tomography market players, in future.
Prominent market players could also establish R&D centers in different parts of the world, which would function exclusively to produce this improved quality of products that can meet the requirements of large number of customers.
A few well-established players in the global market include GE Healthcare, Siemens Healthcare, Phillips Healthcare, Neusoft Medical Systems, and Agfa Healthcare.
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Positron Emission Tomography Market - Regional Assessment
The global positron emission tomography market is classified into five regions, namely, North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
North America is expected to be the dominant region in the global market in future because of lucrative reimbursement policies in healthcare infrastructure facilities such as hospitals and clinics in countries such as US and Canada.
Europe is expected to witness strong growth in the overall position emission tomography market in the years ahead because of the presence of leading market players in countries such as UK and Germany.
Asia Pacific is expected to offer profitable growth opportunities for the positron emission tomography market because of rising prevalence of different types of cancer such as prostate and breast cancer among the population sections, residing in countries such as India.
Other regions of the world such as Middle East and Africa and Latin America are anticipated to witness moderate growth in the overall market, in the upcoming years, owing to fewer presence of well-established market players in countries belonging to both the regions.
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