PET/CT market on the rise

Apr 24, 2005

The U.S. PET and PET/CT markets produced revenue of $496.6 million in 2004, according to a new report from market research firm Frost & Sullivan. The Palo Alto, CA-based company is projecting market revenues to reach $725.1 million in 2011.

The sector is being driven by PET/CT technology, with standalone PET sales experiencing a downswing, according to the firm. In addition, the availability of lower-cost standalone PET systems sold on the used equipment market is further deteriorating the market for new standalone PET systems, Frost & Sullivan said.

Somewhat paradoxically, PET/CT is still facing lower-than-optimal procedure volumes, which are beginning to restrain new purchases, according to the firm. As a result, Frost & Sullivan is projecting market growth to remain relatively flat.

Healthcare facilities are sharing service arrangements to overcome the expenses involved in the purchase of PET/CT scanners, according to the company. Until sites accomplish enough procedure volume, shared service agreements are an economical option, Frost & Sullivan said.

By AuntMinnie.com staff writers
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$ChatGPT powered by GPT-4 and using DALL-E−3 was asked to generate an image for teaching purposes that demonstrated: a nuclear medicine bone scan with skeletal metastases (top left); coronary artery disease (top right); an F-18 FDG-PET scan of the brain with Alzheimer's disease (bottom left); and an x-ray showing a fracture (bottom right). These are misleading for educational purposes and for patients who may be searching for information. Image and caption courtesy of Radiography.$