PET Scanners Market Segmentation:
Service Model Segment Analysis
Equipment purchase leads the segment and is poised to hold the share value of 70% by 2035. The segment is driven by direct equipment purchase, mainly in large hospitals and academic centers. The U.S. Department of Veterans Affairs and Health Resources and Services Administration continue to invest in diagnostic equipment, including PET scan systems, under the federal modernization programs. Further, the direct ownership benefits in reducing the operational costs and enables a seamless integration in IT systems and radio pharmacies. As PET imaging is vital for multi-disciplinary care, institutions prefer open purchase to ensure the availability for long-term, control maintenance charges, and eligibility for depreciation-related tax incentives under the U.S. federal guidelines.
Application Segment Analysis
The oncology sub-segment dominates and is expected to hold a significant share value by 2035. The segment is driven due to the modality’s high sensitivity in cancer staging. As per the WHO report in February 2024, 77% of cancer cases are expected to rise in the upcoming years, highlighting the growing demand. PET imaging is significant in managing breast, colorectal, lung, and lymphoma cases. According to Centers for Medicare and Medicaid Services data, multiple PET scan procedures are performed for oncology-related CPT codes, enhancing outpatient and hospital access. Further, the clinical and policy trends freeze the oncology leadership from continuing the use of the PET scanners application globally.
End user Segment Analysis
Hospitals lead the end user segment and are poised to hold the considerable share value by 2035. The segment is driven due to their process in accessing capital budgets and comprehensive patient care. As per the AHRQ report, the integration of PET-CT has expanded across the U.S. hospital systems for neurology and oncology diagnosis. Further, the MOHFW report depicts that the government intends to build 200 Day Care Cancer Centers by 2025 to 2026 in all district hospitals throughout in the next three years. These institutions address the accreditation standards for enhancing the imaging reimbursement and enabling consistent patient throughput.
Our in-depth analysis of the global market includes the following segments:
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