PET MRI Market is attain a value of US$ 338.9 Mn at a CAGR of 9.8% by the end of 2029

PET MRI Market 2022

The global PET MRI Market is all set to witness a CAGR of 9.8% in the next decade. It is expected to reach US$ 338.9 Mn by the year 2029. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt digital means. This would be the scene with the healthcare vertical in the subsequent period.

The market for PET MRI is expected to reach US$ 338.9 Mn by 2029, expanding at a CAGR of 9.8%.

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According to Persistence Market Research (PMR), the Global PET MRI Market size will surpass US$ 338.9 Million in terms of market value by 2029, witnessing a CAGR of 9.8% from 2022 to 2029. PET (Positron Emission Tomography) is mostly used in neurological applications because it allows for high-resolution and three-dimensional imaging of physiological, functional, and molecular targets. PET MRI demand is expected to increase by 2029, with a rising preference for its superior three-dimensional imaging over its partial-ring equivalents. In comparison with hybrid gamma cameras, the PET MRI delivers stronger sensitivity, as well as better resolution and performance, hence the market is expected to grow significantly throughout the forecast period. Furthermore, technological advancements such as the introduction of Time of Flight (TOF) and the growing popularity of hybrid imaging systems contribute significantly to the growth of the PET MRI market.

North America dominates the market

Technological improvements in PET imaging for oncology and advanced diagnostics applications, as well as rising demand for precision diagnostics, are some of the reasons driving market expansion in the North American region. The increased prevalence of cancer cases, such as breast cancer and prostate cancer, is also expected to considerably boost the market growth. The presence of significant industry leaders is another factor driving market growth in this region.

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Company Profiles:

• GE Healthcare
• Siemens AG
• Koninklijke Philips N.V.
• United Imaging
• Bruker
• Mediso Ltd.
• Aspect Imaging
• Cubresa Inc.
• inviscan SAS
• MR Solutions

Impact of Covid-19 on the PET MRI Market

From March 2020 through September 2021, the Covid-19 outbreak shifted healthcare focus toward combatting the pandemic. However, the post-Covid period has brought back normalcy, with an unexpected increase in demand for PET MRI, due to patients suffering from chronic illnesses being more careful about the diagnosis.

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Key Questions Answered in the PET MRI Market Report

How is the PET MRI Market expected to grow over the projected period?

What direction is the PET MRI Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the PET MRI Market in future?

What are the key market drivers in the PET MRI Market?

What are significant opportunities and improvement areas for PET MRI Market manufacturers?

What are the key developments and trends taking over the PET MRI Market?

Which are the emerging countries that are expected to create significant growth opportunities in the PET MRI Market?

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