Nuclear Medicine Radioisotope Market Analysis By Radioisotope Type (Technetium-99m (Tc-99m), Thallium-201 (Tl-201), Gallium-67 (Ga-67), Iodine (I-123)), Applications By (cardiology, oncology), neurology, lymphoma, thyroid), by end-user (hospitals, diagnostic centers)
Rockville, Maryland, USA, January 24, 2023 – Global Nuclear Medicine Radioisotopes Market Valued at $8.82 Billion in 2023, to $19.04 Billion by End of 2033, According to New Industry Analysis by Market Research and Competitive Intelligence Provider Fact.MR predicted to reach.
Medical radioisotopes are harmless radioactive compounds that are typically used to diagnose medical disorders. These radioisotopes emit gamma rays powerful enough to escape the body when used in diagnosing disease.
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The dales of nuclear medicine radioisotopes are expected to increase rapidly during the forecast period due to the increasing incidence of cancer and increasing public knowledge of nuclear therapy. Radiopharmaceuticals are pharmaceuticals containing radioactive isotopes used in diagnosis and therapy. They are small, simple radioactive compounds used to treat cancer, heart and neurological disorders.
In oncology and cancer treatments, therapeutic radioisotopes are more practical, thus replacing traditional chemotherapy procedures and creating new opportunities in the nuclear medicine radioisotopes market. Additionally, compared to X-rays and other external radiological imaging systems, radioisotopes not only serve as an accurate and safe alternative for patients, but also assist physicians during diagnosis.
Technetium-99 radioisotopes are expected to hold a significant share of the global market in 2023 due to their growing use in diagnostics.
- The World Atomic Energy Agency estimates that about 40 million procedures are performed annually, or almost 80% of all nuclear surgeries performed worldwide, on technetium-99.
Key takeaways from market research
- The global nuclear medicine radioisotopes market is expected to grow at a CAGR of 8% from 2023 to 2033.
- The German nuclear medicine radioisotopes market is projected to grow at a CAGR of 6.5% during the forecast period.
- Global sales of technetium-99m (Tc-99m) radioisotope are expected to grow at a CAGR of 9% during the forecast period.
- The demand for Thallium-201 (Tl-201) radioisotopes is projected to grow at a CAGR of 6.5% over the next decade.
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competitive environment
The nuclear medicine radioisotope market is highly competitive. In order to improve their market position and earn more revenue, the major players in the nuclear medicine radioisotope market are focusing on regional supply marketing, depending on the demand and needs of users in the region. We are changing pricing trends and product standards.
- For example, Curium announced in June 2021 that it had expanded its presence in the region with the acquisition of Austrian pharmaceutical company IASON.
- As part of the NorthStar Medical Radioisotopes expansion event in October 2021, the first-of-its-kind therapeutic radioisotope manufacturing plant was officially opened.
Key companies profiled
- Bayer AG
- Bracco Imaging SpA
- Cardinal Health
- GE Healthcare
- Hologic Co., Ltd.
- Ranteus Medical Imaging
- Medtronic PLC
- NTP Radioisotope SOC Inc.
- Positron Co., Ltd.
- Siemens Healthineers
“North America and Europe lead the regional market for nuclear medicine radioisotopes due to the presence of major market players.” A Fact.MR analyst said:
Recent market trends
- Technetium-99m (Tc-99m), the most popular medical radioisotope, will be made more readily available worldwide from March 2021 through a collaboration between IBA (Ion Beam Applications SA) and NorthStar Medical Radioisotopes LLC will be
- In November 2020, Canadian radiopharmaceutical giant Fusion Pharmaceuticals acquired UK-Swedish pharmaceutical giant AstraZeneca to commercialize and develop advanced alpha radiopharmaceuticals and combination therapies for the treatment of cancer. announced a partnership with
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Nuclear Medicine Radioisotope Industry Research Segment
By type of radioisotope:
- Technetium-99m (Tc-99m)
- Thallium-201 (Tl-201)
- Gallium-67 (Ga-67)
- Iodine (I-123)
By application:
- cardiology
- oncology
- neurology
- lymphoma
- thyroid
By end user:
- hospital
- diagnostic center
- Specialized clinic
- Educational and research institutions
By region:
- North America
- latin america
- Europe
- east asia
- South Asia/Oceania
- MEAs
more valuable insights on offer
With its new service, Fact.MR presents an unbiased analysis of the global nuclear medicine radioisotopes market, with historical demand data (2018-2022) and forecast statistics for 2023-2033. present.
In this study, market related reveals important insights. Applications (cardiology, oncology, neurology, lymphoma, thyroid) and end users (hospitals, diagnostic centers, specialty clinics, education and research institutions) across five major regions of the world (North America, Europe, Asia Pacific, Latin America) USA, and MEA).
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Post-nuclear medicine radioisotopes market is projected to reach $1.904 billion by 2033 at a high CAGR of 8%, emerging first at %BLOGLINK%%.
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