PET-CT Scanning Services Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global PET-CT Scanning services market size was worth around USD 1.4 billion in 2019 and is predicted to grow to around USD 2.2 billion by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global PET-CT Scanning services market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the PET-CT Scanning services market.

The PET-CT scanning services market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire PET-CT Scanning Services market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary CXOs of the global PET-CT Scanning Services market, the market is estimated to witness a substantial growth of nearly 5% over the forecast period.
• The market was valued at USD 1.4 billion, in 2019 and is expected to be valued at over USD 2.2 billion.
• On the basis of the application segment, Neurology dominated the global PET-CT Scanning Services market in 2019. In terms of revenue, it accounted for more than a 30% share of the total market in 2019.
• Asia Pacific market is expected to be the fastest goring region for PET-CT Scanning Services over the forecast period owing to growing investments for R&D and pharmaceutical companies in the region.
• By geography, the North American region headed the market with a share of above 31%, in 2019.

Key Recommendations from Analysts

• A higher prevalence of disorders, technological advances, high unmet medical needs, and government initiatives are major factors that are expected to drive the development of these services in the near future.
• The strategic developments such as regional expansion, product innovations, and on-going research and developments by the major companies such as Koninklijke Philips N.V., Siemens AG, Mediso Ltd., Perkin Elmer Inc., etc. is likely to boom the market’s growth over the upcoming years.
• Our analysts recommend that the Asia Pacific region is predicted to witness significant growth attributed to the growing demand for PET-CT Scanning Services from China and India.      
• Expansion of pharmaceutical companies especially in emerging markets is anticipated to fuel the demand for PET-CT Scanning Services drugs in developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of bipolar disorder drugs online may also help the major player to cater to the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the PET-CT Scanning Services industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the PET-CT Scanning Services industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the PET-CT Scanning Services market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the PET-CT Scanning Services industry. The PET-CT Scanning Services market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the PET-CT Scanning Services sector. Key strategic developments in the PET-CT Scanning Services market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the PET-CT Scanning Services market are appropriately highlighted in the report.

The PET-CT Scanning Services market research report delivers an acute valuation and taxonomy of the PET-CT Scanning Services industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the PET-CT Scanning Services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the PET-CT Scanning Services industry is provided for the leading economies of the world.

The PET-CT Scanning Services market was approximately accounted for USD 290 Million in 2019. The market is expected to grow above a CAGR of 19% and is anticipated to reach over USD 670 Million by 2026

New drugs and advancements in imaging techniques have been provided for clinical care. The development of medical technology and innovations helps doctors to improve the health sector. The increasing prevalence of chronic diseases and the demand for diagnostics are driving the growth of the global market for PET-scanning services. Changes in lifestyles and the prevalence of chronic diseases around the world, along with the increased availability of PET technology, have contributed to these emerging markets in developing countries.

The increased prevalence of chronic diseases and the need for an efficient diagnostic system have driven market growth. In some ways, short shelf life and low radiopharmaceutical supplies hinder the development of these markets. The need for PET / CT scanning services also increases in oncological radiation and neurological disorders. In addition, the continued development of radiotracers will help this segment expand in clinical applications.

The PET-CT Scanning Services market is segmented based on drug type, application, and region. On the basis of drug type segmentation, the market is classified into Microfibrillated Cellulose and Cellulose Nanocrystals. Based on application, the market is bifurcated into Pulp& paper, Composites & packaging, Biomedical & pharmaceuticals, and Electronics & sensors.

Some of the essential players operating in the PET-CT Scanning Services market, but not restricted to include

• Sappi Ltd.
• Innventia AB
• Borregard ASA
• Fpinnovations
• CelluForce Inc
• American Process Inc
• STORA ENSO
• Daicel FineChem Ltd
• Kruger Inc
• Nippon Paper Group Inc
• CelluComp Ltd.
• J. Rettenmaire & Sohne GmBH (JRS)
• Melodea Ltd
• Asahi Kasei Corporation

The taxonomy of the PET-CT Scanning Services industry by its scope and segmentation is as follows:

By Application Segmentation Analysis

• Oncology
• Cardiology
• Neurology
• Others

By Service providers Segmentation Analysis

• Hospitals
• Diagnostic Centres
• PET Centres
• Research Institutes

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa