Cardiology Positron Emission Tomography Scan Market Size by End User and Forecast to 2032

The cardiology positron emission tomography (PET) scan market is witnessing steady growth due to increasing demand for accurate, non-invasive cardiac imaging solutions. PET scans offer superior diagnostic capabilities in detecting coronary artery disease, assessing myocardial viability, and guiding treatment plans. Growing prevalence of cardiovascular disorders, rising geriatric population, and technological advancements in imaging systems—such as hybrid PET/CT and PET/MRI—are key factors propelling market expansion. North America currently leads the market due to well-established healthcare infrastructure and early adoption of advanced diagnostic technologies, while Asia Pacific is emerging rapidly driven by healthcare investments and growing awareness. However, challenges like high equipment costs and limited access to radiopharmaceuticals in certain regions may restrain growth.

According to Fortune Business Insights, the global cardiology positron emission tomography (PET) scan market size was valued at USD 1.91 billion in 2024. The market is projected to grow from USD 1.97 billion in 2025 to USD 2.56 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period. North America dominated the cardiology positron emission tomography scan market with a market share of 55.49% in 2024.

Major Players Shaping Market Dynamics

• RadNet, Inc. (U.S.)

• Sonic Healthcare Limited (Australia)

• Akumin Inc. (U.S.)

• Apex Radiology (Australia)

• Alliance Medical Limited (U.K.)

• Novant Health (U.S.)

• InHealth Group (U.K.)

• Dignity Health (U.S.)

• Concord Medical (China)

• Siemens Healthcare Limited (Germany)

• Mediworks (China)

Strategic Industry Milestone: April 2025

In April 2025, Southcoast Health (U.S.) announced the launch of new imaging suites offering advanced PET/CT scans for neurology, oncology, and cardiology at their facilities. This reflects growing demand for integrated imaging services leveraging combined anatomical and metabolic data with greater diagnostic precision.

Market Drivers & Restraints

Key Market Drivers

• Aging Population & Cardiovascular Disease Burden: Increasing prevalence of coronary artery disease (CAD) and myocardial infarction elevates demand for detailed cardiac imaging to guide treatment.

• Advances in Radiopharmaceuticals: In September 2024, FDG injection Flyrdicado (flurpiridaz F‑18) won FDA approval for myocardial perfusion imaging, enhancing image clarity for ischemic heart disease.

• Rise of Hybrid Imaging Systems: The adoption of PET/CT and PET/MRI systems supports simultaneous anatomical and functional imaging—accurately measuring coronary flow reserve, myocardial perfusion, and disease viability.

• Automation & AI: Advanced integration of automation modules and AI-driven analysis enhances diagnostic precision and operational efficiency.

Notable Market Restraints

• High Setup & Operating Costs: PET scanners, tracers, and cyclotrons remain capital-intensive, limiting adoption, especially in price-sensitive regions.

• COVID-19 Backdrop: The pandemic caused a temporary 64% drop in cardiology-related imaging from April 2019 to April 2020 according to the IAEA, with resource shifts and lockdowns hampering market growth.

• Regulatory & Reimbursement Complexities: Approval pathways for radiopharmaceuticals and variable payer systems can slow technology rollouts.

Market Segmentation

The Fortune Business Insights market report provides segment-wise analysis covering:

• Source of payment: public insurance, private insurance, and out-of-pocket

• Service provider: hospitals, diagnostic centers, others

• Region-specific growth forecasts (North America, Europe, Asia-Pacific, etc.)

Competitive Market Landscape

Major imaging providers—like Sonic Healthcare, Apex Radiology, and Alliance Medical—are growing through both organic expansion and strategic acquisitions. Investments focus on adding hybrid PET/CT suites, integrating AI software, and signing partnerships for tracer access (e.g., IONETIX's cooperation with Provision Diagnostic Imaging in Feb 2024).

Emerging Market Segments & Trends

• Hybrid Imaging Dominance: Combined PET/CT and PET/MRI systems dominate due to precise visualization of coronary flow reserve and myocardial perfusion.

• Automated & AI-enabled Workflows: Improved efficiency through software-driven lesion detection and scan quantification.

• New Tracers & Radiopharmaceuticals: F‑18 flurpiridaz offers better distribution compatibility—shorter half-life and improved image fidelity.

Regional Market Insights

North America leads the global market, holding approximately USD 1.06 billion in 2024. This leadership stems from robust infrastructure, reimbursement frameworks, and early adoption.

Europe maintains significant share via widespread PET/CT deployment and growing AI and tracer capabilities.

Asia‑Pacific is set to outpace other regions in CAGR due to expanding healthcare infrastructure, rising cardiology cases, and improving healthcare access.

Latin America, MEA - Gradual uptake in hybrid imaging expected as access expands in urban centers, though infrastructure remains uneven.

Explore the full research report with detailed insights and TOC:https://www.fortunebusinessinsights.com/cardiology-positron-emission-tomography-scan-market-113310 

Future Market Scope

The cardiology PET scan market is poised for continued, albeit moderate, growth through 2032. Its expansion will be supported by several factors:

• Wider deployment of hybrid imaging (PET/CT, PET/MRI) in community hospitals.

• Next-gen radiotracers like F‑18 flurpiridaz simplifying tracer logistics and increasing tract usage.

• Sophisticated AI-based diagnostic tools advancing scan interpretation and resource use.

• Proactive cardiac screening and early detection protocols for CAD emphasizing PET.

• Emerging partnerships—like IONETIX‑Provision—streamlining isotope availability.

Conclusion

The cardiology PET scan market is entering a mature growth phase—balancing core demand from cardiovascular disease monitoring with innovations in imaging hardware, tracer chemistry, and automation. Key players like RadNet, Sonic Healthcare, Siemens, and Mediworks are capitalizing on this trend, deploying next-gen technologies and geographic expansion. As the market grows from $1.91 billion in 2024 to $2.56 billion by 2032, stakeholders across the value chain—from imaging centers to software developers—stand to benefit.

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