Powered by transparent reimbursement policies, new emerging economies, novel applications such as Alzheimer's detection, and expanding oncology applications, the global PET market could reach about $6.3 billion this year.
In addition, the report from market research firm Research and Markets, based in Dublin, Ireland, predicts the global PET and SPECT market could reach an estimated $6.5 billion in 2010 and expand to $10.3 billion in 2015, with an estimated compound annual growth rate (CAGR) of 9.4% over the next five years.
The study estimated that the PET segment will account for about 75% of total PET and SPECT installations of 3,691 units in 2010. Total installations could reach 6,390 units in 2015, with a CAGR of 11.6% for the five-year period.
Oncology and cardiology are the most significant applications of the PET/SPECT market, with oncology accounting for approximately 90% of the PET market, compared with cardiology, which accounts for approximately 85% of the SPECT market.
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IMV: Nuclear med procedures up in 2007, November 11, 2008
PET drives growth in nuclear medicine market, April 30, 2008
Nuclear medicine market nears $300 million, February 26, 2008
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