As per DelveInsight, the global PET-MRI systems market is estimated to grow immensely in the coming years owing to the increasing prevalence of neurological disorders (such as Alzheimer’s and other dementias, strokes, migraine, multiple sclerosis, Parkinson’s disease, neurological infections, and brain tumors) and the rising prevalence of various cancer cases around the world. Moreover, the extensive research and development activities employing PET-MRI systems, the favorable approach by regulatory authorities for device approval, the surging new device launches, and the presence of key players in the market are also expected to stimulate market growth. Some of the leading MedTech giants in the PET-MRI Systems Market include Siemens Healthineers AG, General Electric Company, Aspect Imaging Ltd, Bruker, Mediso Ltd, MR Solutions, United Imaging Healthcare Co., Ltd., Koninklijke Philips N.V., Cubresa Inc., Inviscan Imaging Systems, and others.
DelveInsight’s “PET-MRI Systems Market Insight, Competitive Landscape and Market Forecast – 2027” research report provides the current and forecasted PET-MRI Systems market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.
PET-MRI Systems Market: Overview
Positron emission tomography–magnetic resonance imaging (PET–MRI) is a hybrid imaging technology that incorporates magnetic resonance imaging (MRI), soft tissue morphological imaging, and positron emission tomography (PET) functional imaging. PET is used in conjunction with MRI (Magnetic Resonance Imaging) to mitigate PET’s lacking spatial resolution, insufficient attenuation, low sensitivity, and need for scattering correction. As such, PET MRI facilitates correspondence to the anatomic structures and various pathologic changes.
DelveInsight’s “PET-MRI Systems Market” report provides an in-depth assessment of the market, segmented by phase (preclinical and clinical), by type (traditional PET-MRI systems and helium-free PET-MRI systems), end-user (hospitals, diagnostic centers, academic & research institutes, and others), and geography (North America, Europe, Asia-pacific, and rest of the world).
As per the assessment, in the phase-type segment of the PET-MRI Systems market, the preclinical segment is expected to hold a significant market share in the coming years owing to the increasing number of preclinical research across the globe. MedTech giants such as Aspect Imaging, Bruker, Mediso, MR Solutions, and Bruker are also actively working and developing preclinical PET-MRI systems for research purposes, which is expected to influence the preclinical segment market growth positively in the coming years.
PET-MRI Systems Market Analysis
The PET-MRI Systems Market is anticipated to grow during the forecast period (2022-27), owing to the rising burden of various neurological diseases and cancers across the globe. The rising prevalence aids in the increasing demand for PET-MRI Systems that help understand the brain’s anatomical and physiological functioning. According to WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020. Moreover, in 2019, approximately 50 million people across the globe were suffering from epilepsy, making it one of the most common neurological diseases globally in the same year. Similarly, as per the data by WHO, in 2020, about 50 million people had dementia, and there are nearly 10 million new cases every year. Alzheimer’s disease is the commonest form of dementia and contributes to 60–70% of cases.
Apart from the rising prevalence of neurological diseases and cancer, the active presence of global MedTech giants, favorable approach by regulatory authorities, and the development and launch of new PET-MRI Systems are also anticipated to drive market growth. However, the extremely high pricing of PET-MRI systems, the presence of alternative techniques, and others may halt the market growth of PET-MRI systems.
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PET-MRI Systems – Global Market Assessment and Forecast
As per the assessment, among all the regions, North America is expected to dominate the global PET-MRI Systems during the forecast period (2022-27). Some of the key factors, such as the increasing prevalence of neurological disorders, cancers, and other chronic diseases, are anticipated to drive the demand for PET-MRI Systems. Considering the presence of a large patient pool in the US coupled with new product launches, the market for PET/MRI systems looks promising in the United States.
Further, extensive research and development activities employing PET-MRI systems and the presence of major MedTech players in the region are expected to play a key role and supportive factors for the North America PET-MRI systems market growth. Currently, MedTech companies such as Siemens Healthineers and GE Healthcare, among others, are actively operating in the North American market. Furthermore, the rising initiatives to raise awareness of neurological disorders and their management are predicted to increase the adoption of PET/MRI systems, thus bolstering the market. Similarly, countries in the European region are also expected to witness growth in the number of cases related to neurological diseases and cancer, thereby driving the demand for better imaging technology.
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Key Companies in the PET-MRI Systems Market
Globally, some of the leading MedTech giants working in the PET-MRI Systems Market include Siemens Healthineers AG, General Electric Company, Aspect Imaging Ltd, Bruker, Mediso Ltd, United Imaging Healthcare Co., Ltd., Koninklijke Philips N.V., Cubresa Inc., Inviscan Imaging Systems, MR Solutions, and others. Owing to the rising demand and favorable growth opportunities for revenue generation, several new players are anticipated to enter the market, thereby leading to high competitiveness in the domain.
Learn how new players’ entries will transform the market dynamics in the coming years @ PET-MRI Systems Competitive Landscape
Scope of the PET-MRI Systems Market Report:
- Study Period – 2019-2027
- Geography Covered – North America, Europe, Asia-Pacific, and Rest of the World
- PET-MRI Systems Market Assessment –
- By Phase – Preclinical and Clinical
- By Type – Traditional PET-MRI Systems and Helium-Free PET-MRI Systems
- End-User – Hospitals, Diagnostic Centers, Academic & Research Institutes, and Others
- Geography – North America, Europe, Asia-Pacific, and Rest of the World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s Views
Table of Content
|3||Regulatory and Patent Analysis|
|4||PET-MRI Systems Market Key Factors Analysis|
|5||PET-MRI Systems Porter’s Five Forces Analysis|
|6||COVID-19 Impact Analysis on the PET-MRI Systems Market|
|7||PET-MRI Systems Market Layout|
|8||PET-MRI Systems Global Company Share Analysis – Key 3–5 Companies|
|9||PET-MRI Systems Product Profiles and Key Companies|
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Positron Emission Tomography Market
The global Positron Emission Tomography (PET) Market was valued at USD 1,026 million in 2021, growing at a CAGR of 6.92% during the forecast period from 2022 to 2027 to reach USD 1,533 million by 2027. Some of the key market players operating in the market include General Electric Company, Mediso, Bruker Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Canon Medical Systems Corporation, Positron Corporation, Shimadzu Corp., RefleXion, CMR Naviscan Corporation, and others.
Magnetic Resonance Imaging Devices Market
The global Magnetic Resonance Imaging Devices market was valued at USD 7.79 billion in 2021, growing at a CAGR of 6.37% during the forecast period from 2022 to 2027 to reach USD 11.28 billion by 2027. Some of the key market players operating in the Magnetic Resonance Imaging Devices market include General Electric Company, FUJIFILM Holdings Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Canon Medical Systems Corporation, ESAOTE SPA, Aspect Imaging Ltd., Bruker Corporation, InnerVision MRI Ltd., Magnetica Limited, IMRIS, Deerfield Imaging, Inc., MR Solutions, and others.
Alzheimer’s Disease Diagnostic Market
The global Alzheimer’s disease (AD) diagnostic market will grow at a CAGR of 10.97% during the forecast period from 2022 to 2027. Some of the key companies in the market include F. Hoffmann-La Roche Ltd., General Electric Company, 23andMe, Inc., Lilly, Fujirebio, Siemens Medical Solutions USA, Inc., Diadem, Bruker, Magnetica., IMRIS, Deerfield Imaging, Inc., MR Solutions, Hyperfine, Neusoft Corporation, and others are actively working in the Alzheimer’s Disease Diagnostic Market.
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