Positron Emission Tomography Market Size to Reach USD 4.44 Billion by 2034, Growing at 6.60% CAGR

The global positron emission tomography market size was worth around USD 2.67 billion in 2024 and is predicted to grow to around USD 4.44 billion by 2034

PUNE, MAHARASHTRA, INDIA, September 18, 2025 /EINPresswire.com/ -- The global positron emission tomography (PET) market size is expanding rapidly due to increasing demand for early disease diagnosis, rising cancer prevalence, and continuous innovation in imaging technology. Valued at approximately USD 2.67 billion in 2024, the market is projected to reach USD 4.44 billion by 2034, growing at a compound annual growth rate (CAGR) of roughly 6.60% between 2025 and 2034.

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Positron emission tomography (PET) is a nuclear imaging technology that produces high-resolution, three-dimensional images of metabolic processes in the body. PET scans are widely used in oncology, cardiology, neurology, and research for disease detection, therapy monitoring, and clinical trials. Technological advances such as hybrid PET/CT and PET/MRI systems, artificial intelligence (AI)-driven image analysis, and new radiotracers are driving the market forward.

Key Insights:
As per the analysis shared by our research analyst, the global positron emission tomography market is estimated to grow annually at a CAGR of around 6.60% over the forecast period (2025-2034)
In terms of revenue, the global positron emission tomography market size was valued at around USD 2.67 billion in 2024 and is projected to reach USD 4.44 billion by 2034.
The positron emission tomography market is projected to grow significantly owing to expanding applications in cardiology and neurology, rising availability of radiopharmaceuticals, and increasing incidences of cardiovascular and cancer diseases.
Based on product type, the full ring PET scanner segment is expected to lead the market, while the partial ring PET scanner segment is expected to grow considerably.
Based on detector type, the Lutetium Yttrium Orthosilicate (LYSO) segment is the dominating segment, while the Silicon Photomultiplier (SiPM) segment is projected to witness sizeable revenue over the forecast period.
Based on end use, the hospitals segment is expected to lead the market compared to the diagnostic centers segment.
Based on region, North America is projected to dominate the global market during the estimated period, followed by Europe.

Key Market Drivers
Rising Cancer and Neurological Disorder Incidence: PET imaging critical for tumor detection, staging, and monitoring therapy effectiveness.
Technological Innovation: Development of hybrid imaging systems (PET/CT, PET/MRI) enhancing diagnostic accuracy.
Growing Awareness of Early Diagnosis: Increased focus on preventive healthcare and screening programs.
New Radiopharmaceuticals: Introduction of targeted tracers improving disease-specific imaging.
Government and Private Investment: Expanding diagnostic centers and funding research into advanced imaging.
Integration with AI: AI-powered PET analysis enabling faster, more accurate interpretations.

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Market Segmentation
By Product Type
PET Scanners: Dedicated imaging equipment for diagnostic centers and hospitals.
PET/CT Systems: Integrated systems combining metabolic and anatomical imaging.
PET/MRI Systems: Advanced hybrid scanners for oncology and neurology applications.
Software & Services: Imaging analytics, workflow management, and image storage.

By Detector Technology
Bismuth Germanate (BGO): Traditional scintillation material.
Lutetium Oxyorthosilicate (LSO) & Lutetium Yttrium Orthosilicate (LYSO): Higher sensitivity and resolution materials.
Digital PET Detectors: Next-generation solid-state detectors improving accuracy and speed.

By Application
Oncology: Tumor detection, staging, recurrence monitoring.
Cardiology: Assessing myocardial perfusion and viability.
Neurology: Imaging Alzheimer’s disease, epilepsy, and other CNS disorders.
Research Applications: Drug development and clinical trials.

By End User
Hospitals & Clinics: Large-scale diagnostic and treatment centers.
Diagnostic Imaging Centers: Specialized facilities offering PET and hybrid imaging services.
Academic & Research Institutes: Advanced imaging for studies and clinical trials.
Pharmaceutical & Biotech Companies: Drug development and monitoring therapy outcomes.

By Radiotracer
FDG (Fluorodeoxyglucose): Most common radiotracer for oncology.
Non-FDG Tracers: For neurology, cardiology, and specialized oncology imaging.
Emerging Tracers: PSMA-based agents for prostate cancer, amyloid tracers for Alzheimer’s.

Regional Analysis
North America
North America dominates the PET market due to high healthcare expenditure, widespread adoption of hybrid imaging, and strong presence of major manufacturers. The U.S. leads with advanced radiopharmaceutical development, reimbursement policies, and clinical research.

Europe
Europe shows robust growth due to aging populations, increased cancer screening programs, and EU funding for medical imaging innovation. Germany, the UK, France, and Italy are the major markets for PET scanners and radiopharmaceuticals.

Asia-Pacific (APAC)
APAC is the fastest-growing region, driven by healthcare infrastructure upgrades, growing middle-class populations, and rising cancer incidence in countries such as China, India, and Japan. Governments are investing in nuclear medicine facilities and training healthcare professionals.

Latin America
Countries like Brazil, Mexico, and Chile are expanding diagnostic imaging facilities with growing private healthcare investment. Improved access to advanced imaging technologies is fueling market adoption.

Middle East & Africa (MEA)
MEA markets are emerging, with Gulf countries investing in cutting-edge healthcare technologies. South Africa and UAE are key early adopters of hybrid imaging systems and advanced radiotracers.

Key Market Trends
Hybrid Imaging Growth: PET/CT and PET/MRI rapidly replacing standalone PET due to higher accuracy.
AI and Machine Learning Integration: Automated image interpretation and enhanced predictive analytics.
New Radiotracer Development: Expanding beyond FDG for more disease-specific imaging.
Point-of-Care PET Imaging: Compact scanners and mobile units increasing accessibility.
Theranostics Expansion: PET combined with targeted radiotherapy enabling personalized treatment.
Improved Detector Technologies: Digital PET and time-of-flight (TOF) improving sensitivity and speed.
Collaborations Between Pharma and Imaging Companies: Accelerating drug discovery and clinical trials.

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Competitive Landscape & Major Key Players

The PET market is moderately consolidated with a few global leaders dominating high-end imaging systems and radiotracers. Partnerships, R&D investments, and mergers drive innovation and market reach.
Major Key Players Include:
Siemens Healthineers AG – Leading supplier of PET/CT and PET/MRI scanners.
GE HealthCare Technologies Inc. – Strong portfolio of digital PET solutions and radiopharmaceuticals.
Philips Healthcare – Advanced imaging systems integrating AI and digital technologies.
Canon Medical Systems Corporation – Expanding PET/CT offerings in Asia and Europe.
United Imaging Healthcare – Fast-growing Chinese manufacturer of digital PET systems.
Positron Corporation – Specialized PET technology provider.
Bruker Corporation – Research and preclinical PET imaging systems.
Curium Pharma – Leading radiopharmaceutical supplier.
Cardinal Health, Inc. – Distributor of PET radiopharmaceuticals.
Blue Earth Diagnostics – Developer of novel PET tracers for prostate and brain imaging.
Emerging players are also entering the PET software and analytics segment, providing cloud-based image storage and AI-driven interpretation tools.

Future Outlook (2025–2034)
Personalized Medicine & Theranostics: PET imaging to guide precision therapies.
Broader Access in Developing Markets: Affordable scanners and mobile imaging centers.
Integrated AI Platforms: Cloud-based systems for global image sharing and interpretation.
Next-Generation Radiotracers: Expanding applications in neurology and immuno-oncology.
Increased Use in Clinical Trials: PET imaging as a biomarker for drug efficacy.
Shift Toward Outpatient Imaging Centers: Reducing costs and increasing convenience.

Challenges
High Equipment & Maintenance Costs: Barrier for smaller healthcare facilities.
Short Half-Life of Radiopharmaceuticals: Need for nearby cyclotron facilities or supply chain efficiency.
Regulatory Approvals: Lengthy processes for new tracers and technologies.
Workforce Shortages: Need for trained nuclear medicine professionals.

Conclusion

The global positron emission tomography (PET) market is set to grow from USD 2.67 billion in 2024 to USD 4.44 billion by 2034, at a CAGR of 6.60%. Increasing cancer prevalence, technological innovations, and the shift toward personalized medicine will drive strong demand for PET imaging systems and radiopharmaceuticals. Companies focusing on hybrid imaging, AI integration, and tracer development will be at the forefront of market expansion.

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