Industry

PET Nuclear Medicine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By : Type ( F-18, Rb-82, Other PET Isotopes ); Applications ( Oncology, Cardiology, Neurology, Other PET Applications ), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Code : 

TIPRE00015978

No. of Pages : 150
Published Month : Apr 2024
Category : Life Sciences

The PET Nuclear Medicine Market is expected to register a CAGR of 11.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The PET Nuclear Medicine Market report is segmented by type into F-18, Rb-82, and Other PET Isotopes. The application segment includes Oncology, Cardiology, Neurology, and Other PET Applications. The market evaluation is presented in US$ for the above segmental analysis. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.

Purpose of the Report

The report PET Nuclear Medicine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

PET Nuclear Medicine Market Segmentation

Type

  • F-18
  • Rb-82
  • Other PET Isotopes

Applications

  • Oncology
  • Cardiology
  • Neurology
  • Other PET Applications

PET Nuclear Medicine Market Growth Drivers

  • Advances in Radiopharmaceutical Technology: The development of more targeted radiotracers with fewer side effects than older types is improving the clinical utility of PET imaging, contributing to its increased adoption in medical diagnostics.
  • Integration with Other Imaging Modalities: The integration of PET with other imaging modalities, such as CT and MRI, enhances diagnostic accuracy and supports effective treatment planning, further driving the growth of the PET nuclear medicine market.
  • Rising Geriatric Population and Healthcare Awareness: The increasing geriatric population, coupled with rising healthcare expenditures and growing awareness, is further fueling the demand for advanced imaging technologies like PET to improve diagnosis and treatment outcomes.

PET Nuclear Medicine Market Future Trends

  • Advances in AI and Machine Learning: The integration of AI and machine learning in PET imaging is enhancing image analysis and interpretation, leading to more accurate and efficient diagnoses. These technological advancements are playing a crucial role in shaping the future of PET Nuclear Medicine.
  • Combination of PET with Other Imaging Modalities: The precision of PET diagnostics is expected to improve further with its integration with other imaging modalities like MRI and CT, increasing diagnostic accuracy and supporting effective treatment planning.
  • Growth in Clinical Trials and Research Applications: The increasing use of PET imaging in clinical trials and research studies will drive the development of new radiotracers and expand PET applications across various disease areas, fostering innovation and market growth.

PET Nuclear Medicine Market Opportunities

  • Advances in Radiopharmaceuticals and Novel Radionuclides: Ongoing advancements in radiopharmaceuticals and the development of novel radionuclides are expanding the scope of PET imaging applications, enabling its use in a wider range of medical conditions and improving patient care.
  • Integration with Existing Imaging Modalities: Combining PET with other imaging modalities like CT or MRI enhances diagnostic sensitivity and supports more effective treatment planning, offering new opportunities for better clinical outcomes.
  • Personalized Medicine and Precision Oncology: The increasing interest in personalized medicine and precision oncology is creating openings for targeted therapies and companion diagnostics, positioning PET Nuclear Medicine as a crucial tool in the evolving landscape of cancer treatment and diagnosis.

PET Nuclear Medicine Market Regional Insights

The regional trends and factors influencing the PET Nuclear Medicine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses PET Nuclear Medicine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

  • Get the Regional Specific Data for PET Nuclear Medicine Market

PET Nuclear Medicine Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 11.5%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • F-18
  • Rb-82
  • Other PET Isotopes
By Applications
  • Oncology
  • Cardiology
  • Neurology
  • Other PET Applications
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Cardinal Health
  • Curium
  • GE Healthcare
  • Lantheus Medical Imaging, Inc.
  • Bayer AG
  • Bracco Imaging S.P.A.
  • Eczacibasi-Monrol Nuclear Products
  • Nordion, Inc. (A Subsidiary of Sterigenics International)
  • Advanced Accelerator Applications (AAA) (A Part of Novartis)

  • PET Nuclear Medicine Market Players Density: Understanding Its Impact on Business Dynamics

    The PET Nuclear Medicine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the PET Nuclear Medicine Market are:

    1. Cardinal Health
    2. Curium
    3. GE Healthcare
    4. Lantheus Medical Imaging, Inc.
    5. Bayer AG

    Disclaimer: The companies listed above are not ranked in any particular order.



    • Get the PET Nuclear Medicine Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the PET Nuclear Medicine Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the PET Nuclear Medicine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

    The List of Companies

    1. Cardinal Health
    2. Curium
    3. GE Healthcare
    4. Lantheus Medical Imaging, Inc.
    5. Bayer AG
    6. Bracco Imaging S.P.A.
    7. Eczacibasi-Monrol Nuclear Products
    8. Nordion, Inc. (A Subsidiary of Sterigenics International)
    9. Advanced Accelerator Applications (AAA) (A Part of Novartis)
    10. NTP Radioisotopes Soc, LTD.
    Download Sample

    Frequently Asked Questions

    Which are the leading players operating in the PET Nuclear Medicine Market?

    The leading players of the market are: Cardinal Health, Curium, GE Healthcare, Lantheus Medical Imaging, Inc., Bayer AG, Bracco Imaging S.P.A., Eczacibasi-Monrol Nuclear Products, Nordion, Inc. (A Subsidiary of Sterigenics International), Advanced Accelerator Applications (AAA) (A Part of Novartis), NTP Radioisotopes Soc, LTD.

    What are the deliverable formats of the PET Nuclear Medicine Market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

    What are the options available for the customization of this report? 

    Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

    What are the future trends of the PET Nuclear Medicine Market?

    Trend analysis on the PET Nuclear Medicine market shows many bright emerging trends. A notable trend here is theranostic radiopharmaceuticals, wherein diagnostic capabilities along with therapeutic benefits are included together in a product. Further, advances in AI and machine learning are changing the face of image analysis and interpretation and thus making it possible to provide a more accurate and efficient diagnosis. Integration of PET with other imaging modalities such as MRI and CT will also further improve diagnostic accuracy. In addition, the growing use of PET imaging in clinical trials and research studies will stimulate the development of new radiotracers and expand applications of PET in various disease areas.

    What is the expected CAGR of the PET Nuclear Medicine Market?

    PET Nuclear Medicine Market is expected to grow at a CAGR of 11.5% between 2023-2031

    What are the driving factors impacting the PET Nuclear Medicine Market?

    The PET Nuclear Medicine market is mainly driven by several factors. The increasing prevalence of chronic diseases like cancer, cardiovascular diseases, and neurodegenerative disorders constitutes a major driver. It's due to the better sensitivity and specificity of PET imaging compared to traditional techniques, allowing earlier detection and accurate diagnosis. Apart from this, progressions in radiopharmaceutical technology, such as development of novel radiotracers, are expanding the clinical applications of PET imaging. Other modalities integrated with PET such as CT and MRI improve further diagnostic accuracy and better treatment planning.