Brain PET-MRI Systems Market size was estimated at USD 372.2 million in 2024 and USD 823.7 million by the end of 2037, growing at a CAGR of 6.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of brain PET-MRI systems is evaluated at USD 395.7 million. The demand for neurological advancement is witnessing a rise due to the increased burden of neurological disorders. In evidence, a report published by NLM (National Library of Medicine), in 2020, states that in the past 30 years, the number of deaths due to neurological disorders has increased by 39% and the disability-adjusted life-years has increased by 15%, despite declines in infectious neuro-disorders.
The PET scanning devices are designed to provide enhanced and detailed reports in support of accurate diagnosis for the neurological system. Precise alignment with the anatomical structure and pathological alterations, made its integration with other imaging diagnostic systems as MRI, more frequent. This is further accumulating the urge for additional development in the market. More companies are aiming to build dedicated brain PET inserts that can augment stand-alone MRI systems, which is cheaper than a full hybrid system, making PET/MRI more attractive as a financially reasonable modality.
Growth drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.3% |
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Base Year Market Size (2024) |
USD 372.2 million |
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Forecast Year Market Size (2037) |
USD 823.7 million |
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Regional Scope |
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Phase (Clinical, Pre-clinical)
The pre-clinical segment in brain PET-MRI systems market is estimated to capture the largest revenue share of 54.3%, augmenting with a CAGR of 6.1% during the forecast period, i.e. 2025-2037. It is poised to hold USD 233.3 million in revenue by 2025, due to the increased demand for innovation in imaging diagnosis. This multimodality system combined the strength of PET and MRI, allowing the researchers to get a brain region-specific detailed analysis. Established research institutions such as the University of Manchester are also investing in acquiring hybrid imaging modalities to get high-quality anatomical illustrations. The rising scope of clinical research, facilitated by governing authorities is one of the positive influences impacting the market hike.
Product Type (Traditional Systems, Helium-free Systems)
With a revenue of USD 230.9 million, the traditional PET-MRI systems segment dominated the 2024 landscape. Further expanding with a CAGR of 6.2%, it is estimated to hold a brain PET-MRI systems market share of 57.7% by the forecast period. Better contrast among soft tissues and functional imaging capabilities has made it preferable to other imaging devices. Therefore, the segment is leading the market with an escalated amount of integration in the clinical and educational sectors. Alternatively, the enhanced operational efficiency and elimination of valuable elements as Helium, are captivating the focus of key market players such as Siemens Healthineers, and Philips Healthcare. Companies are aiming to bring innovative solutions in the production of helium-free brain PET-MRI systems, exhibiting a CAGR of 6.5%.
Our in-depth analysis of the global market includes the following segments:
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Phase |
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Product type |
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End Use |
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North America market analysis
North America has dominated the global brain PET-MRI systems market, owing to over the years technological developments in medical sciences and the economy. The region is expected to hold a 31.9% share, augmenting with a CAGR of 6.9% during the forecast period, 2025-2037. Currently, it has captured USD 117.9 million and is projected to register USD 126.0 million by 2025. The overall growth is driven by the inflating demand for innovative imaging solutions for accurate diagnosis.
The U.S. dominated the North America market majorly with a share of 81.5%, exhibiting a CAGR of 7.0%. It is estimated to secure revenue of USD 216.4 million by the end of 2037. In recent years, the U.S. has been emerging as the fastest-growing region in research and developments for neuroscience. Implementation of several innovative non-invasive imaging systems in clinical and research facilities is also broadening the pathway of optimum PET-MRI integration. In March 2022, UC Davis Health Hospital announced the installation of a Swoop Portable MR Imaging system for diagnosing traumatic brain injuries.
Canada is also poised to witness a rapid growth in the market. The country is raising funding for more research developments in imaging systems and tools. In September 2023, the Minister of Health announced USD 96 million investment through CFI for future innovations and advancement in medical sector. Such investments are helping in higher growth imaging systems market, including brain PET-MRI systems.
APAC market statistics
Improvement in healthcare infrastructure and governmental initiatives for research and development in medical devices has stimulated the market to grow at a CAGR of 6.6%. The brain PET-MRI systems market has been boosted remarkably to capture a share of 28.5% in the forecast period, 2025-2037, and is expected to be USD 116.1 million by 2025.
India, as the region’s developing country, has witnessed an exceptional rise in investment in the newest technologies in brain PET-MRI systems. According to a report published by NITI Aayog, in 2021, India is building opportunities for greater investment in the healthcare industry and there are nearly 600 investment opportunities worth USD 32 billion in the country’s hospital/medical infrastructure sub-sector. Additionally, the involvement of the government in PET-MRI system integration in research institutions indicates the hope for future development in the market. In October 2021, the former vice president of India inaugurated a PET-MRI wing at the State Cancer Institute in Guwahati, imparting upgraded cancer care and research facilities for patients.
The China brain PET-MRI systems market is predicted to witness massive growth during the forecast period 2025-2037. Growing demand for efficient imaging systems for early detection of neurological disorders is inspiring market leaders to invest in this region. According to an article published by JNM, in May 2024, the number will be doubled, with PET/CT scanners increasing to more than 1,600 and PET/MRI scanners increasing to more than 200 in daily use. Prominently increasing the demand for advanced brain PET-MRI systems.
Companies are developing devices that are comfortable for patients and convenient for operators. For instance, In June 2024, Siemens Healthineers introduced the Biograph Trinion, a high-performance, energy-efficient positron emission tomography/computed tomography (PET/CT) scanner with a wide range of clinical capabilities and a low lifetime operational cost. Additionally, GE Healthcare introduced SIGNA PET/MR AIR, which not only is designed to deliver clarity in analyzed data but also is capable of making the patient’s experience more comfortable. The leaders are also associating with the government plans to grab the market with stable supply. Some of the prominent players include:
Author Credits: Radhika Pawar
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