Brain PET-MRI Systems Market Share

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.