Global PET/MRI System Market Research Report 2020

PET-MRI is a hybrid imaging technology that incorporates magnetic resonance imaging (MRI) soft tissue morphological imaging and positron emission tomography (PET) functional imaging.
The market offers three different PET-MRI systems, developed by three manufacturers (GE, Philips and Siemens). The GE system is "Trimodality PET-CT + MR". The Philips system – “Ingenuity TF” - has PET and MR gantries arranged in the direction of the main scanner axis with a patient handling system mounted between the gantries. Siemens has developed a fully integrated PET-MRI system – Biograph mMR - with simultaneous acquisition with a single gantry.

The classification of PET/MRI System includes Fully Integrated, Separate Devices, and the revenue proportion of Fully Integrated in 2016 is about 78.6%.

Positron Emission Tomography combined with Magnetic Resonance Imaging (PET-MRI) is an emerging technology recently proposed to be used in oncology, neurology and cardiology for diagnostic purposes. The most proportion of PET/MRI System is used in Oncology and the proportion in 2016 is about 88%.

Europe is the largest supplier of PET/MRI System, with a revenue market share nearly 87.7% in 2016.

North America is the largest consumption place, with a consumption market share nearly 43% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 43%.

Market competition is not intense. Siemens, Philips, GE Healthcare are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

Market Analysis and Insights: Global PET/MRI System Market
The global PET/MRI System market is valued at 93 million US$ in 2020 is expected to reach 166.8 million US$ by the end of 2026, growing at a CAGR of 8.6% during 2021-2026.
Global PET/MRI System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Fully Integrated
Separate Devices
Pulse Oximetry Screening

Segment by Application
Oncology
Cardiology
Neurology
Other

Global PET/MRI System Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the PET/MRI System market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global PET/MRI System Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Siemens, Philips, GE Healthcare, etc.