Imaging test: Industry revenue will benefit as federal funding for Medicare and Medicaid rises

Over the past five years, the PET Scanner Manufacturing industry has experienced growth, thanks to a rise in PET utilization among the industry's downstream markets. In particular, PET scanner utilization among oncologists has been high, because PET scanners can be used to diagnose and determine the stages of many types of cancer. Over the five years to 2022, industry revenue is projected to continue growing strongly. In particular, as PET scanner manufacturers focus on improving the quality and quantity of information that can be gathered in a single scan, healthcare providers will be able to provide more streamlined care, stimulating demand for industry products...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
2.7%
Forecast Growth 17-22
Profit
Employment
1,521
Businesses
15

Industry Threats & Opportunities

  • A burgeoning elderly population will drive industry growth
  • PET scanner manufacturers increasingly relied on global markets to obtain input materials
  • Expanding health coverage will increase demand for industry products
  • Industry Report - Industry Locations Chapter

    The PET Scanner Manufacturing industry's establishments are primarily concentrated in the Great Lakes, West, Southeast and Mid-Atlantic regions. Typically, industry operators may locate near technological hubs, due to the need for skilled employees that can develop software systems for PET scanners and create superior high-resolution imaging. As a result, many industry operators will locate in regions that enable manufacturers to access specialized employees, particularly scientists, physicists and software developers. In addition, radiopharmaceutical tracers, which enable the PET scanner's gamma camera to detect bodily functions and enable healthcare providers to diagnose and treat diseases, are key input commodities for the industry...purchase to read more.

    Additional Insights for the PET Scanner Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the PET Scanner Manufacturing Industry are

  • Ensuring pricing policy is appropriate
  • Understanding government policies and their implications
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Technological change for the Software Publishing industry in the PET Scanner Manufacturing industry impact industry performance..

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    What's in this report

    What is the PET Scanner Manufacturing Industry?

    This industry manufactures positron emission tomography (PET) scanners, including combination PET/CT scanners and radiopharmaceuticals. These machines produce 3D images of functional processes in the body and show molecular function and activity, rather than structure, to better differentiate between normal and abnormal tissues.

    Industry Products
  • Mobile PET/CT and PET scanners
  • Fixed PET scanners
  • Fixed PET/CT scanners
  • Industry Activities
  • Manufacturing PET scans
  • Manufacturing hybrid (PET/CT and PET/MRI) PET scans
  • Researching and developing new PET scans
  • Marketing and distribution
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Technological change for the Software Publishing industry
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Trade-weighted index

  • Current Performance
  • Medicare and Medicaid reimbursements
  • International trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulatory landscape
  • Advent of technology
  • Table: PET Scanner Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - PET Scanner Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Specialist Doctors
  • Hospitals
  • Psychiatric Hospitals
  • Specialty Hospitals

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Computer Manufacturing
  • Laminated Plastics Manufacturing
  • Plastic & Resin Manufacturing
  • Semiconductor Machinery Manufacturing

  • Products & Services
  • Fixed PET/CT scanners
  • Mobile PET/CT and PET scanners
  • Fixed PET scanners
  • Chart: PET Scanner Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals, including general and specialty
  • Exports
  • Private practices
  • Other
  • Diagnostic imaging centers
  • Chart: Major Market Segmentation for the PET Scanner Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs PET Scanner Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the PET Scanner Manufacturing Industry

  • Industry Globalization
    Siemens AG, General Electric Company, Philips Healthcare,
  • Table: Siemens AG - financial performance
  • Table: General Electric Company - financial performance
  • Table: Philips Healthcare - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the PET Scanner Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the PET Scanner Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Number of physician visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Radiactive Tracer
  • A chemical compound consisting of one or more atoms that have been replaced by a radioisotope.
  • Radioisotope
  • A radioactive isotope.
  • Radiopharmaceutical
  • A radioactive compound used for diagnostic or therapeutic purposes.
  • Scintillator
  • A material that fluoresces when struck by a charged particle or high-energy photon.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s PET Scanner Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the PET Scanner Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on PET Scanner Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The PET Scanner Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on PET Scanner Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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