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Market Research in the Healthcare Field with Expertise in Medical Imaging and Radioisotopes
Bio-Tech Systems, Inc. - 4167 West Pinecrest Circle - Las Vegas, Nevada 89121 phone: (702) 456-7608 - fax: (702) 456-2189
THE MARKET FOR PET RADIOPHARMACEUTICALS & PET IMAGING |
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BIO-TECH SYSTEMS INC. announces the publication of: BIO-TECH Report #300, The Market for PET Radiopharmaceuticals & PET Imaging The PET Report Includes:
GROWTH OF PET PROCEDURE VOLUME AND SALES OF FDG The demand for PET procedures grew 7% in 2008 to about 1.8 million including rubidium studies. Procedure growth has slowed down in the past two years due to lower reimbursement. However, growth should recover to some extent in 2009 and 2010 and should reach 5.4 million procedures by 2016. Expanded applications of PET in oncology coupled with effective use of the NOPR PET Registry should help to broaden the base for PET. Although the dominant focus of PET is still in oncology, cardiology applications are increasing, including rubidium PET studies for myocardial perfusion. In addition, new PET perfusion agents are being developed for cardiology that will help expand the base for PET in this area. Several agents are also in development for diagnosing Alzheimer's disease that should be approved within the next few years. Furthermore, there are a number of novel oncology agents in development that will also stimulate procedure growth. Although reimbursement issues will have to be dealt with, it is likely that PET will eventually qualify for open coverage similar to CT and MR, which will add stimulus to the market for both PET scanners and radiopharmaceuticals. SALES GROWTH OF PET IMAGING SYSTEMS In 2008, U.S. sales of PET scanners declined 14% compared with 2007. Manufacturers took orders for 182 systems including refurbished units. Refurbished systems were priced at about half of the new scanners and accounted for 17% of the units ordered. Orders have been declining since 2006 as users try to adjust to reimbursement pressures. Nevertheless, technical advances have propelled the average unit price of new systems to $1.8 million, with many systems priced at over $2 million. These high technology scanners achieve resolution in the range of 2-3 mm, which is quite an accomplishment. Worldwide orders for PET scanners were also down but not quite as much as in the U.S. There were 271 scanners ordered internationally, with a worldwide total of 453 scanners including refurbished systems. International orders declined about 7% from the previous year, which was a smaller drop than in the U.S. Orders for PET scanners have also increased from remote parts of the world that previously lacked the technological expertise to pursue PET. Growth of the international market should help cushion the downturn in the U.S for PET manufacturers. By 2016, the market for PET scanners in the U.S. should grow to about 360 units and worldwide orders should reach about 900 units. Please follow one of the links below, or on the left, to find out more information about BIO-TECH Report #300. If you are interested in purchasing BIO-TECH Report #300, please follow this link to our Online Order Form. To download a detailed Table of Contents (TOC) for BIO-TECH Report #300, please click on one of the two links below. The documents are a Microsoft Word 97-2000 file and an Adobe Acrobat 6 PDF file.  Download TOC in MS Word format (40KB) Download TOC in Adobe PDF format (25KB) |
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