Worldwide PET market expected to grow modestly

The global PET market is set to grow an estimated 3.74 percent from 2012-2016, according to a report published this month by the market research firm Infiniti Research Limited.

Among the top news are plans by GE Healthcare to design a PET/CT/MR trimodal imaging system. GE Healthcare, Siemens Healthcare and Philips Healthcare remain the leading names in the PET market, according to the report. The most advanced PET/MR system was noted to be available for clinical research at Massachusetts General Hospital in Boston. The system is reported to be able to scan patients in 30 minutes.

“Currently, PET/MRI scanning is limited to the experimental stage; however, with the development of new tracer molecules and the optimization of PET/MRI procedures, it could boost the use of PET/MRI scanning methods in clinical settings,” wrote the authors in a release.

Economic recession and fluctuations in local currencies were noted as major issues, especially in markets throughout Europe, the Middle East and Africa, reducing new adoption rates. However an aging population and high incidences of disease including cardiovascular disorders, cancer and Alzheimer’s are expected to expand current use of PET across all locales.