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PET MRI System Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Siemens, Philips, GE Healthcare

08 Jan, 2020 | 92 Pages
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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 MRI System Market Overview



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.



Who are the Major Players in the PET MRI System Market?



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.



Industry News and Updates:




  • GE-Prolec Transformers, Inc. (together with its affiliates, “Prolec GE”), a subsidiary of a 50/50 joint venture between GE (NYSE:GE) and Xignux, a Mexico-based private company, announced it has completed the acquisition of SPX Corporation’s (NYSE: SPXC) SPX Transformer Solutions business. The contract purchase price was $645 million, subject to a net working capital adjustment and other typical adjustments.

  • The market offers three different PET-MRI systems, developed by three manufacturers (GE, Philips and Siemens). The GE system is "Trimodality PET-CT + MR". The Philips system Ingenuity TF - has PET and MR gantries arranged in the direction of the main scanner axis with a patient handling system mounted between the gantries. Siemens has developed a fully integrated PET-MRI system Biograph mMR - with simultaneous acquisition with a single gantry.

  • Cubresa signed a distribution agreement with Worldwide Technology (S.H.) Co., Ltd. in February 2019 for the distribution of NuPET preclinical imaging products throughout China in order to advance research of PET MRI systems in oncology, cardiology, and neurology in China.





What are the major Applications, Types, and Regions for the PET MRI System Market?



The market is segmented based on the type, applications, companies, and regions.



By Type, it is segmented into




  • Fully Integrated

  • Separate Devices

  • Pulse Oximetry Screening



By Application, it is segmented into




  • Oncology

  • Cardiology

  • Neurology

  • Other



PET MRI System Market Regional Analysis



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%.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





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.



What is our PET MRI System Market report scope?



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




  • Fully Integrated

  • Separate Devices

  • Pulse Oximetry Screening



By Application




  • Oncology

  • Cardiology

  • Neurology

  • Other



By Companies



Siemens, Philips, GE Healthcare



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



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




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this PET MRI System Report




  • Evaluate PET MRI System market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.

  • Get a quick outlook on the PET MRI System market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



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



All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL PET MRI SYSTEM MARKET BY APPLICATION

    3. GLOBAL PET MRI SYSTEM MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING DEMAND FOR PET MRI SYSTEM RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. PET MRI SYSTEM GROWTH

      2. APPLICATION OF PET MRI SYSTEM



    4. IMPACT OF COVID 19



  5. GLOBAL PET MRI SYSTEM MARKET, BY TYPES

    1. INTRODUCTION

    2. FULLY INTEGRATED

    3. SEPARATE DEVICES

    4. PULSE OXIMETRY SCREENING



  6. GLOBAL PET MRI SYSTEM MARKET, BY APPLICATION

    1. INTRODUCTION

    2. ONCOLOGY

    3. CARDIOLOGY

    4. NEUROLOGY

    5. OTHER



  7. GLOBAL PET MRI SYSTEM MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASIAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1.  SIEMENS

      2.  PHILIPS

      3.  GE HEALTHCARE





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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