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South America Positron Emission Tomography Devices Market

ID: MRFR/HC/51805-HCR
200 Pages
Garvit Vyas
October 2025

South America Positron Emission Tomography Devices Market Research Report By Application (Oncology, Cardiology, Neurology, Infectious Diseases), By Product Type (Integrated PET-CT Systems, Standalone PET Systems, PET-MRI Systems), By End User (Hospitals, Diagnostic Imaging Centers, Research Institutes), By Technology (Time-of-Flight PET, Digital PET, Analog PET) and By Regional (Brazil, Mexico, Argentina, Rest of South America)- Forecast to 2035

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South America Positron Emission Tomography Devices Market Summary

As per MRFR analysis, the South America positron emission-tomography-devices market size was estimated at 396.0 USD Million in 2024. The South America positron emission-tomography-devices market is projected to grow from 425.58 USD Million in 2025 to 874.8 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.47% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South America positron emission-tomography-devices market is poised for growth driven by technological advancements and increasing healthcare investments.

  • Brazil remains the largest market for positron emission tomography devices, reflecting a robust healthcare infrastructure.
  • Mexico is emerging as the fastest-growing region, indicating a rising demand for advanced diagnostic imaging technologies.
  • Technological innovations in imaging techniques are enhancing the capabilities and applications of positron emission tomography devices.
  • The increasing prevalence of chronic diseases and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 396.0 (USD Million)
2035 Market Size 874.8 (USD Million)
CAGR (2025 - 2035) 7.47%

Major Players

Siemens Healthineers (DE), GE Healthcare (US), Philips Healthcare (NL), Canon Medical Systems (JP), Elekta (SE), Medtronic (US), Hitachi Medical Corporation (JP), Nuclear Imaging (US)

South America Positron Emission Tomography Devices Market Trends

The positron emission-tomography-devices market is currently experiencing notable growth in South America, driven by advancements in medical imaging technology and increasing healthcare investments. The region's healthcare infrastructure is gradually improving, leading to a higher demand for diagnostic imaging solutions. This trend is further supported by a rising prevalence of chronic diseases, which necessitates accurate and timely diagnosis. As healthcare providers seek to enhance patient outcomes, the adoption of positron emission tomography devices is likely to expand, reflecting a shift towards more sophisticated imaging techniques. Moreover, collaborations between public and private sectors are fostering innovation in the positron emission-tomography-devices market. Governments are increasingly recognizing the importance of advanced diagnostic tools in improving healthcare delivery. This recognition is likely to result in increased funding and support for research and development initiatives. Additionally, the growing awareness of the benefits of early disease detection is expected to drive demand for these devices. As a result, the market appears poised for sustained growth, with potential opportunities for manufacturers and healthcare providers alike.

Technological Advancements

Recent innovations in imaging technology are enhancing the capabilities of positron emission tomography devices. These advancements may lead to improved image resolution and faster scanning times, which could significantly benefit diagnostic accuracy and patient comfort.

Rising Healthcare Investments

Increased investments in healthcare infrastructure across South America are likely to bolster the positron emission-tomography-devices market. Governments and private entities are focusing on upgrading medical facilities, which may facilitate the adoption of advanced imaging technologies.

Growing Demand for Early Diagnosis

There is a noticeable trend towards prioritizing early diagnosis in healthcare. This shift is likely to drive the demand for positron emission tomography devices, as they play a crucial role in the early detection of various diseases, including cancers.

South America Positron Emission Tomography Devices Market Drivers

Government Initiatives and Funding

Government initiatives aimed at improving healthcare infrastructure in South America are significantly influencing the positron emission-tomography-devices market. Various countries in the region are allocating substantial budgets to enhance medical facilities and expand access to advanced diagnostic technologies. For example, Brazil's Ministry of Health has announced investments exceeding $500 million to upgrade imaging services, including positron emission tomography. Such funding not only facilitates the acquisition of state-of-the-art devices but also promotes research and development in the field. Consequently, the positron emission-tomography-devices market is poised for expansion as governments prioritize healthcare advancements and strive to meet the growing demand for sophisticated diagnostic tools.

Rising Awareness of Diagnostic Imaging

There is a notable increase in awareness regarding the importance of diagnostic imaging among healthcare professionals and patients in South America. This growing recognition is driving the positron emission-tomography-devices market, as more individuals seek advanced imaging solutions for accurate diagnosis and treatment planning. Educational campaigns and training programs are being implemented to inform stakeholders about the benefits of positron emission tomography in detecting diseases at an early stage. As a result, the market is likely to witness a surge in demand, with healthcare providers increasingly adopting these technologies to enhance patient care and improve clinical outcomes.

Increasing Prevalence of Chronic Diseases

The rising incidence of chronic diseases in South America is a crucial driver for the positron emission-tomography-devices market. Conditions such as cancer, cardiovascular diseases, and neurological disorders are becoming more prevalent, necessitating advanced diagnostic tools. For instance, cancer cases in South America are projected to increase by approximately 30% by 2030, leading to a heightened demand for effective imaging technologies. Positron emission tomography devices play a vital role in the early detection and monitoring of these diseases, thereby enhancing patient outcomes. As healthcare providers seek to improve diagnostic accuracy, the positron emission-tomography-devices market is likely to experience significant growth, driven by the need for innovative solutions to address the increasing burden of chronic illnesses.

Growing Investment in Healthcare Infrastructure

The increasing investment in healthcare infrastructure across South America is a pivotal driver for the positron emission-tomography-devices market. Governments and private entities are channeling resources into building and upgrading medical facilities, which includes the procurement of advanced diagnostic equipment. Reports indicate that healthcare spending in the region is projected to grow by 5% annually, with a significant portion allocated to imaging technologies. This trend is likely to bolster the positron emission-tomography-devices market, as enhanced infrastructure will enable healthcare providers to offer better diagnostic services, ultimately improving patient access to essential imaging technologies.

Technological Innovations in Imaging Techniques

Technological innovations in imaging techniques are transforming the landscape of the positron emission-tomography-devices market. Advancements such as hybrid imaging systems, which combine positron emission tomography with computed tomography (CT), are gaining traction in South America. These innovations enhance image quality and provide comprehensive diagnostic information, thereby improving clinical decision-making. The introduction of new radiopharmaceuticals and software solutions further augments the capabilities of positron emission tomography devices. As healthcare facilities strive to adopt cutting-edge technologies, the positron emission-tomography-devices market is expected to flourish, driven by the demand for enhanced imaging solutions that facilitate accurate disease diagnosis and monitoring.

Market Segment Insights

By Product Type: PET/CT Systems (Largest) vs. PET/MRI Systems (Fastest-Growing)

The market for positron emission tomography devices is characterized by varying shares among different product types. Integrated PET Systems currently hold a significant portion of the market, followed closely by PET/CT Systems, which is recognized as the largest segment due to its widespread adoption in clinical practice. Meanwhile, PET/MRI Systems, although smaller in market share, are rapidly gaining traction as healthcare providers expand their imaging capabilities, highlighting a competitive landscape. In terms of growth trends, PET/CT Systems remain the preferred choice for many medical facilities, driven by their robustness and imaging efficiency. Conversely, PET/MRI Systems are emerging as the fastest-growing segment, fueled by advancements in hybrid imaging technologies that combine the strengths of both modalities. The healthcare industry is increasingly investing in these advanced systems to improve diagnostic accuracy, which bodes well for the growth of PET/MRI Systems in the coming years.

PET/CT Systems (Dominant) vs. PET/MRI Systems (Emerging)

PET/CT Systems are dominant in the market due to their proven efficiency in cancer detection and treatment monitoring, making them a standard choice in radiology departments across South America. These systems combine functional PET imaging with anatomical CT scans, leading to enhanced diagnosis and treatment plans. On the other hand, PET/MRI Systems are seen as an emerging technology characterized by their superior soft tissue imaging capabilities. As these systems allow for simultaneous functional and structural imaging, healthcare providers are increasingly interested in adopting them. The shift towards hybrid imaging options indicates a trend towards more accurate diagnostic tools, showcasing the potential growth of PET/MRI Systems driven by technological advancements and the increasing demand for comprehensive imaging solutions.

By Application: Oncology (Largest) vs. Neurology (Fastest-Growing)

In the South America positron emission-tomography-devices market, Oncology leads the application segment, capturing a significant share due to the rising cancer incidence and heightened awareness of early diagnosis among patients. Following behind are Cardiology and Neurology, with Neurology experiencing substantial market interest as neurological disorders become more prevalent. Infectious Diseases, while crucial, occupy a smaller niche within the overall market.

Oncology (Dominant) vs. Neurology (Emerging)

Oncology remains the dominant application in the market, driven by innovation in treatment protocols and the advancement of imaging technologies that significantly enhance cancer detection rates. The equipment's ability to provide high-resolution images aids oncologists in making accurate diagnoses and treatment plans. In contrast, Neurology is emerging as a key segment, fueled by increasing investments in research and rising awareness of neurological disorders like Alzheimer's and Parkinson's disease. The growth in Neurology is supported by technological advancements in PET scanning, making it more accessible and efficient, thus attracting more healthcare facilities to adopt these devices.

By End User: Hospitals (Largest) vs. Diagnostic Imaging Centers (Fastest-Growing)

In the segment of end users for positron emission tomography devices, hospitals hold the largest market share, reflecting their extensive need for advanced diagnostic capabilities. Diagnostic imaging centers follow closely, demonstrating a significant presence in the market due to their specialized services. Research institutes also participate in this segment but represent a smaller portion compared to hospitals and imaging centers. The growth trends in this segment are driven by advancements in medical technology, increasing investments in healthcare infrastructure, and a rising demand for early diagnosis of diseases. Hospitals are expanding their capabilities to include PET imaging, while diagnostic imaging centers are rapidly evolving to offer more comprehensive imaging services. Research institutes contribute to innovation and improvements in PET technology, further fueling market expansion.

Hospitals (Dominant) vs. Diagnostic Imaging Centers (Emerging)

Hospitals remain the dominant end user in the positron emission tomography devices segment, leveraging these technologies to support extensive patient care and complex diagnostic requirements. They typically have greater financial resources and infrastructure to acquire and maintain advanced PET systems, leading to their prominent market status. On the other hand, diagnostic imaging centers are emerging as significant players by providing specialized imaging services, often in more accessible locations. With a focus on patient convenience and rapid diagnosis, these centers are expanding their offerings and improving technology adoption, positioning themselves to capture a larger share of the market. This dynamic fosters a competitive landscape where both hospitals and imaging centers play critical roles in enhancing diagnostic capabilities.

By Technology: Time-of-Flight PET (Largest) vs. Digital PET (Fastest-Growing)

In the South America positron emission-tomography-devices market, the Time-of-Flight (ToF) PET segment captures the largest market share due to its advanced capabilities in imaging and precision. This technology provides enhanced spatial resolution and sensitivity, making it a preferred choice among healthcare providers. Conversely, the Digital PET segment is witnessing rapid adoption, driven by technological advancements and increasing demand for more efficient imaging solutions, positioning it as a critical player in the evolving market landscape. The growth of the Time-of-Flight PET technology is primarily attributed to its application in oncology, cardiology, and neurology diagnostics, which requires high accuracy in imaging. The Digital PET segment's growth is fueled by rising investments in healthcare infrastructure and the shift towards digital imaging technologies, which facilitate better patient outcomes. These trends indicate a robust competitive environment where established technologies coexist with innovative solutions to meet the varying needs of the healthcare sector.

Technology: Time-of-Flight PET (Dominant) vs. Digital PET (Emerging)

Time-of-Flight PET technology is characterized by its ability to deliver high-resolution images with exceptional sensitivity, making it the dominant technology in the market. Its strength lies in accurately detecting and localizing tumors, leading to better treatment planning and patient management. On the other hand, Digital PET is emerging rapidly due to its advantages in data management and image processing. This segment is becoming increasingly relevant as hospitals seek sophisticated imaging tools that enhance diagnostic capabilities and operational efficiency. Both technologies represent the spectrum of innovation in imaging, revealing a growing preference for advanced methodologies in patient care.

Get more detailed insights about South America Positron Emission Tomography Devices Market

Regional Insights

Brazil : Strong Demand and Infrastructure Growth

Brazil holds a dominant position in the South American positron emission tomography (PET) devices market, accounting for 180.0 million, representing a significant market share. Key growth drivers include increasing healthcare expenditure, rising prevalence of chronic diseases, and government initiatives aimed at enhancing healthcare infrastructure. Regulatory policies are becoming more supportive, facilitating the import and use of advanced medical technologies, which is crucial for meeting the growing demand for diagnostic imaging services.

Mexico : Investment in Healthcare Infrastructure

Mexico's positron emission tomography devices market is valued at 70.0 million, showcasing a growing interest in advanced medical imaging technologies. The market is driven by increasing investments in healthcare infrastructure and a rising number of diagnostic centers. Demand trends indicate a shift towards early disease detection, supported by government initiatives to improve healthcare access. Regulatory frameworks are evolving to accommodate new technologies, enhancing the overall market environment.

Argentina : Focus on Chronic Disease Management

Argentina's market for positron emission tomography devices is valued at 60.0 million, reflecting steady growth in the healthcare sector. Key growth drivers include a rising incidence of chronic diseases and an increasing focus on preventive healthcare. The government is implementing policies to enhance healthcare services, which is positively impacting the demand for advanced imaging technologies. Local consumption patterns are shifting towards more sophisticated diagnostic tools, driven by patient needs and healthcare provider capabilities.

Rest of South America : Varied Demand Across Regions

The Rest of South America represents a market value of 86.0 million for positron emission tomography devices, characterized by diverse demand across different countries. Growth is driven by varying healthcare needs, with some regions focusing on improving diagnostic capabilities. Regulatory policies are inconsistent, affecting market dynamics, but overall investment in healthcare is on the rise. Infrastructure development is crucial in several countries, leading to increased adoption of advanced medical technologies.

South America Positron Emission Tomography Devices Market Regional Image

Key Players and Competitive Insights

The positron emission-tomography-devices market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for precise diagnostic tools. Key players such as Siemens Healthineers (Germany), GE Healthcare (US), and Philips Healthcare (Netherlands) are at the forefront, each adopting distinct strategies to enhance their market presence. Siemens Healthineers (Germany) emphasizes innovation through the development of advanced imaging technologies, while GE Healthcare (US) focuses on strategic partnerships to expand its product offerings. Philips Healthcare (Netherlands) appears to be concentrating on digital transformation, integrating AI capabilities into its devices to improve diagnostic accuracy. Collectively, these strategies contribute to a competitive environment that is increasingly focused on technological differentiation and customer-centric solutions.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure is moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of products and services, catering to the specific needs of healthcare providers across South America. The collective influence of these major companies shapes the competitive dynamics, as they vie for market share through innovation and strategic positioning.

In October 2025, Siemens Healthineers (Germany) announced a partnership with a leading South American healthcare provider to implement its latest PET imaging technology in regional hospitals. This collaboration is expected to enhance diagnostic capabilities and improve patient outcomes, reflecting Siemens' commitment to expanding its footprint in emerging markets. The strategic importance of this partnership lies in its potential to increase market penetration and establish Siemens as a leader in advanced imaging solutions in South America.

In September 2025, GE Healthcare (US) launched a new line of PET scanners designed specifically for the South American market, featuring enhanced imaging capabilities and user-friendly interfaces. This product launch is significant as it demonstrates GE's responsiveness to regional healthcare needs and its focus on innovation. By tailoring its offerings to local requirements, GE Healthcare aims to strengthen its competitive position and drive sales growth in the region.

In August 2025, Philips Healthcare (Netherlands) unveiled a new AI-driven software platform that integrates with its PET devices, aimed at improving workflow efficiency and diagnostic accuracy. This strategic move highlights Philips' commitment to digital transformation and positions the company to capitalize on the growing trend of AI integration in healthcare. The introduction of such technology is likely to enhance Philips' competitive edge by offering healthcare providers advanced tools for patient management and diagnostics.

As of November 2025, current competitive trends in the positron emission-tomography-devices market include a strong emphasis on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, enabling companies to leverage complementary strengths and enhance their product offerings. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition underscores the importance of developing advanced solutions that meet the evolving needs of healthcare providers and patients alike.

Key Companies in the South America Positron Emission Tomography Devices Market market include

Industry Developments

Recent developments in the South America Positron Emission Tomography Devices Market indicate a growing demand for advanced imaging technologies, fostering competitive dynamics among major players like Siemens Healthineers, Canon Medical Systems, and General Electric. The increase in cancer incidence and the rise in chronic diseases are driving the market valuation upward, allowing companies to enhance their product lines and services.

Notably, in September 2023, Siemens Healthineers announced a strategic partnership with a Brazilian healthcare provider to improve the accessibility of PET technology in the region. In addition, in early 2023, Canon Medical Systems expanded its product offering by introducing its latest line of PET devices designed for improved diagnostic accuracy.

Market valuations have surged, with estimates suggesting growth rates exceeding 8% annually, influenced by technological innovations and strategic acquisitions. Over the past two years, notable mergers include Hologic acquiring assets related to imaging from a local firm in May 2022, enhancing its footprint in the Brazilian healthcare market.

As the landscape evolves, companies are investing significantly in Research and Development to address the specific healthcare needs of South America, particularly in underserved regions.

Future Outlook

South America Positron Emission Tomography Devices Market Future Outlook

The Positron Emission Tomography Devices Market is projected to grow at a 7.47% CAGR from 2024 to 2035, driven by technological advancements and increasing healthcare investments.

New opportunities lie in:

  • Development of portable PET imaging systems for remote diagnostics.
  • Expansion of partnerships with local healthcare providers for service delivery.
  • Investment in AI-driven analytics for enhanced imaging interpretation.

By 2035, the market is expected to achieve substantial growth, reflecting evolving healthcare demands.

Market Segmentation

South America Positron Emission Tomography Devices Market End User Outlook

  • Hospitals
  • Diagnostic Imaging Centers
  • Research Institutes

South America Positron Emission Tomography Devices Market Technology Outlook

  • Time-of-Flight PET
  • Digital PET
  • Analog PET

South America Positron Emission Tomography Devices Market Application Outlook

  • Oncology
  • Cardiology
  • Neurology
  • Infectious Diseases

South America Positron Emission Tomography Devices Market Product Type Outlook

  • Integrated PET Systems
  • PET/CT Systems
  • PET/MRI Systems

Report Scope

MARKET SIZE 2024396.0(USD Million)
MARKET SIZE 2025425.58(USD Million)
MARKET SIZE 2035874.8(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)7.47% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Siemens Healthineers (DE)", "GE Healthcare (US)", "Philips Healthcare (NL)", "Canon Medical Systems (JP)", "Elekta (SE)", "Medtronic (US)", "Hitachi Medical Corporation (JP)", "Nuclear Imaging (US)"]
Segments CoveredProduct Type, Application, End User, Technology
Key Market OpportunitiesAdvancements in imaging technology enhance diagnostic capabilities in the positron emission-tomography-devices market.
Key Market DynamicsTechnological advancements and regulatory changes drive growth in the positron emission-tomography-devices market in South America.
Countries CoveredBrazil, Mexico, Argentina, Rest of South America

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FAQs

What is the expected market size of the South America Positron Emission Tomography Devices Market in 2024?

The South America Positron Emission Tomography Devices Market is expected to be valued at 277.0 USD Million in 2024.

What is the projected market value for the South America Positron Emission Tomography Devices Market by 2035?

By 2035, the South America Positron Emission Tomography Devices Market is projected to reach a value of 539.0 USD Million.

What is the expected CAGR for the South America Positron Emission Tomography Devices Market from 2025 to 2035?

The expected CAGR for the South America Positron Emission Tomography Devices Market from 2025 to 2035 is 6.239%.

Which application segment is expected to hold the largest market share in 2024?

In 2024, the Oncology application segment is expected to hold the largest market share, valued at 100.0 USD Million.

What is the anticipated market value for the Cardiology application segment by 2035?

The Cardiology application segment is anticipated to reach a market value of 155.0 USD Million by 2035.

Which region is projected to dominate the South America Positron Emission Tomography Devices Market in 2024?

Brazil is projected to dominate the South America Positron Emission Tomography Devices Market in 2024, valued at 110.0 USD Million.

What is the expected growth rate for the Argentina region in the South America Positron Emission Tomography Devices Market?

The Argentina region is expected to see its market value increase from 45.0 USD Million in 2024 to 90.0 USD Million by 2035.

Who are the major players in the South America Positron Emission Tomography Devices Market?

Major players in the South America Positron Emission Tomography Devices Market include Siemens Healthineers, Canon Medical Systems, and General Electric.

What market size is expected for the Infectious Diseases application in 2035?

The Infectious Diseases application segment is expected to reach a market size of 64.0 USD Million by 2035.

How is the Rest of South America region expected to perform in the Positron Emission Tomography Devices Market by 2035?

The Rest of South America region is expected to grow to a market value of 69.0 USD Million by 2035.

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