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May 25, 2012 11:52 pm US/Eastern
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Positron Corporation : PET Sales Reverse Downward Trend, Could Hit $1.7B in 2018

01/31/2012 | 03:48pm

January 31, 2012 - Reversing a five-year decline, sales of PET scanners rose in 2010 in the U.S., although the modality continued to struggle internationally. Better things are on the horizon, however, as worldwide PET sales are expected to hit $1.7 billion by 2018, according to a new market research report.

The study, authored by Marvin Burns, president of Bio-Tech Systems, found that total U.S. sales volume of new PET systems, refurbished units, and PET/MRI scanners increased by 22% to $284 million in 2010, compared with $232.2 million in 2009.

According to Bio-Tech Systems' historical data, total sales volume in the U.S. cratered at $232.2 million in 2009, which is less than half of the total sales volume of $492.7 million in 2005.

The slump, however, may still linger a tad longer in the international arena. Worldwide total sales volume showed a third consecutive year of decline in 2010, slipping 5% to $439.7 million, compared with $464.3 million in 2009. Global total sales volume peaked at $553.9 million in 2007.

But things should start looking up soon, the report predicts. Manufacturers took orders for 178 PET systems in the U.S. in 2010, while international orders totaled 260 systems in 2010, as uncertainties over reimbursement and excess capacity seemed less of an issue than in previous years.

 
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