Technavio Announces Top Seven Vendors in the Global PET Scanners Market from 2016 to 2020

LONDON--(BUSINESS WIRE)--

Technavio has announced the top seven leading vendors in their recent global PET scanners market 2016-2020 report. This research report also lists 6 other prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

There is intense competition among vendors developing and marketing PET equipment. Key competitive parameters include image resolution, pricing, and performance. Distribution network, advertising and promotion campaigns, and brand positioning also contribute to the adoption of PET equipment. Only a few players are dominating the market currently however, the emergence of new players is expected to intensify competition.

The global PET market is led by GE Healthcare, Philips Healthcare, and Siemens Healthcare. However, currently, only two US FDA-approved hybrid PET/MRI equipment, manufactured by Siemens Healthcare and Philips Healthcare, are present in the market. "Leading vendors, such as GE, are focusing on R&D to retain their competitive advantage. Manufacturers are also partnering with healthcare institutes to extend their reach. For example, in 2015, GE Healthcare and Nuclear Healthcare partnered and established 120 molecular imaging centers in India," says Barath Palada, a lead medical imaging expert from Technavio.

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Key vendors:

Cubresa

Cubresa was founded in 2011 and is headquartered in Winnipeg, Canada. The company provides handheld and compact planar and SPECT imaging solutions for the surgical and pre-clinical imaging market.

The company develops and markets preclinical PET and SPECT nuclear imaging products to hospitals, universities, and pharmaceutical companies. It offers NuPET, an in-bore PET scanner that is inserted into existing MRI instruments, thereby creating a flexible hybrid preclinical imaging platform.

GE Healthcare

GE Healthcare is a medical device company that manufactures and markets healthcare IT solutions, diagnostic imaging systems, patient monitoring systems, and cardiac devices. The company offers transformational medical technologies and services. It operates as a subsidiary of GE Electrical, a multinational conglomerate.

The company engages in manufacturing and marketing of a wide range of imaging and PET scanners. The key product offerings of the company are Discovery IQ, Discovery PET/CT/710, Discovery PET/CT 610, Optima PET/CT 560, and SIGNA PET/MR. The National Electrical Manufacturers Association certifies GE Healthcare's imaging and PET scanners.

Mediso

Mediso was founded in 1990 and is headquartered in Budapest, Hungary. The company designs, manufactures, and markets nuclear medicine and modern hybrid imaging equipment.

Its R&D division focuses on developing human and pre-clinical imaging technologies. It also provides diagnostic clinical services to PET/CT nuclear medicine centers. It operates two PET/CT and nuclear medicine centers, one in the University of Debrecen and the other in Budapest, Hungary.

Philips Healthcare

Philips Healthcare is one of the leading healthcare companies in the world. It develops innovative solutions across the continuum of care by collaborating with clinicians and customers to improve outcomes of treatments.

The company provides imaging and PET scanners through its imaging systems segment. This segment provides integrated clinical solutions such as radiation oncology and portfolio management; advanced diagnostic imaging, including MRI and molecular imaging (MI); CT imaging; interventional X-ray imaging; and diagnostic X-ray imaging, including digital X-rays and mammographies. In FY2014, this segment accounted for 35% to the overall revenue of the company.

Positron

Positron was incorporated in 1983 and is headquartered in Westmont, Illinois, US. The company manufactures and markets cardiac PET products and provides services related to gold standard diagnostic tests in nuclear cardiology.

It offers Attrius, an FDA approved PET scanner optimized for cardiac imaging. This device provides a robust cardiac-specific imaging software that is designed to interpret challenging clinical cases for nuclear cardiologists. It has received FDA approval for commercialization in the US market.

Siemens Healthcare

Siemens Healthcare was founded in 2008 and is headquartered in Erlangen, Germany. It manufactures medical diagnostic equipment and tools. The company offers solutions for medical imaging, laboratory diagnostics, healthcare IT, and audiology equipment. It also provides technical maintenance, and professional and consulting services. It operates as a subsidiary of Siemens. The company engages in the R&D, manufacturing, and marketing of a wide range imaging and PET scanners.

Toshiba Medical Systems

Toshiba Medical Systems was founded in 1930 and is headquartered in Otawara-shi, Tochigi-ken, Japan. The company develops, manufactures, sells, and services medical equipment. It operates as a subsidiary of Toshiba Corp.

The company manufactures and markets a wide range of PET scanners worldwide. It offers PET scanners through its subsidiaries, Toshiba Medical Supply, Okinawa Toshiba Medical, Toshiba Medical Finance in Japan, Toshiba America Medical Systems, Toshiba Medical Systems Europe, and Toshiba Medical Systems Asia (outside Japan).

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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