The Global PET MRI System market will register an 8.9% CAGR in terms of revenue, the global market size will reach US$ 172.1 million by 2027 and from US$ 122.3 million in 2021.
PET (Positron Emission Tomography) is primarily used in neurological applications because it allows for high-resolution and three-dimensional imaging of physiological, functional, and molecular targets. PET is used in conjunction with MRI to compensate for PET's lack of spatial resolution, insufficient attenuation, low sensitivity, and scattering correction. As a result, PET MRI allows for better correspondence between anatomic structures and various pathologic changes.
Neurology has, of late, seen landmark hybrid imaging systems in the form of PET MRI. The ability of MRI to image brain morphology, as well as modalities of MRI to assess metabolic and physiological parameters such as edoema, perfusion, functional activation, and vascular supply, is expected to drive the PET MRI market insane during the forecast period.
Increasing awareness about the benefits of diagnostic imaging systems is an important element in raising the market growth. There are several more factors contributing to the growth of the market like increasing awareness of early diagnosis, preference for high-field MRI systems or low-field MRI systems, the rising discovery of new helium deposits, cancer, rising cases of cardiovascular diseases, neurological disorders, and more. Furthermore, rising new application areas, like metastasis in cancer, rising hybrid MRI systems, multiple sclerosis, and emerging markets are also contributing to the growth of the market over the forecast period of 2022-2027.
The global PET MRI System includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Siemens, Philips, GE Healthcare and others.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
Asia-Pacific is the expected region in terms of growth in the PET MRI System market due to the increasing geriatric population and demand for innovative imaging modalities in this region. Europe is the largest supplier of PET MRI systems, with a revenue market share of nearly 87.7% in the previous year.
North America dominates the PET MRI System market due to the increasing incidence of chronic diseases such as breast cancer, cardiovascular disorders, and neurological diseases and growing incidence of chronic conditions in this region. North America is the largest consumption place, with a consumption market share nearly 43% in the previous year. Following North America, Europe is the second largest consumption place with the consumption market share of 43%.
The PET MRI System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global PET MRI System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers PET MRI System Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this PET MRI System Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | PET MRI System Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Siemens, Philips, GE Healthcare |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Siemens, Philips, GE Healthcare |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 92 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The PET MRI System Market is studied from 2017 - 2027.
What is the growth rate of the PET MRI System Market?
The PET MRI System Market is growing at a CAGR of 8.9% over the next 5 years.
Who are the key players in PET MRI System Market?
Siemens, Philips, GE Healthcare
What regions does this PET MRI System Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of PET MRI System Market?
Fully Integrated, Separate Devices, Pulse Oximetry Screening
What are the major end-use applications of PET MRI System Market?
Oncology, Cardiology, Neurology, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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