Nuclear Medicine/Radiopharmaceuticals Market Size, Share, Analysis Report

Nuclear Medicine/Radiopharmaceuticals Market by Type (Diagnostic (SPECT - Technetium, PET - F-18), Therapeutic (Beta Emitters - I-131, Alpha Emitters, Brachytherapy - Y-90) & by Application (Oncology, Thyroid, Cardiology) - Global Forecasts to

The nuclear medicine market is expected to be around US$ 6.4 billion by 2027 growing at around 9.0% CAGR for the given forecast period.

Purchase User License

MARKET SNAPSHOT

Major Players

  • Cardinal Health Inc
  • GE Healthcare
  • Bracco Imaging S.p.A
  • Eczacibasi-Monrol Nuclear Products
  • Nordion Inc
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    9

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Nuclear medicine is special category in medical branch used for diagnosis and treatment of disease in a safe and painless way. Nuclear medicine contain radioactive material which combined called as radiopharmaceutical. The small quantity of radiopharmaceutical is given into human body in the form of injection or swallowing. It goes to specific location of a body where there could be disease or abnormality. It emits radiation called gamma rays and contains gamma camera which helps nuclear medicine physician to see inside the body. It takes pictures of inner body which helps physician to diagnose patients’ disease.

     

    The nuclear medicine market is expected to be around US$ 6.4 billion by 2027 growing at around 9.0% CAGR for the given forecast period.

    The important factors driving the nuclear medicine market are advances in radiotracers and alpha radio immunotherapy-based targeted cancer treatment. SPECT and PET scans usage has been increasing to detect diseases like cancer which is driving the nuclear medicine market. Raising the incidence of cancer and cardiac ailments are also responsible for growing the nuclear medicine market. The nuclear medicine market is also having some restraints such as strict regulatory and global Good Manufacturing Practice guidelines. One of the major restraint is that most of the hospital still rely on conventional diagnostic procedures and not able to shift to nuclear medicine due to cost and availability issues. The life of radiopharmaceuticals is small so that sometimes the use of this is restricted.

    The nuclear medicine market is segmented by type, by application and by procedural volume. Each of these segments contains diagnostics and therapeutics type. In diagnostics application it contains SPECT, cardiology, lymphoma, thyroid, neurology, PET, oncology, cardiology and neurology. Nuclear medicine is used in different therapeutics application such as bone metastasis, thyroid, lymphoma and endocrine tumors. In nuclear medicine market the diagnostics type contain SPECT Radiopharmaceuticals Tc-99, Tl-201, Ga-67, and I-123, PET, Radiopharmaceuticals, F-18 and Ru-82. Therapeutics types contain beta emitters, I-131, Sm-153, Rh-186, Y-90, Lu-177, alpha emitters, Ra-223, brachytherapy isotopes, I-125, Ir-192, Pa-103 and Cs-131. The diagnostics procedural volume covers SPECT radiopharmaceuticals and PET radiopharmaceuticals. Under therapeutics procedural volume covers beta emitters, alpha emitters and brachytherapy isotopes. The nuclear medicine market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India and Brazil.

    This report provides:

    1) An overview of the global market for nuclear medicine and related technologies.

    2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.

    3) Identifications of new market opportunities and targeted promotional plans for nuclear medicine.

    4) Discussion of research and development, and the demand for new products and new applications.

    5) Comprehensive company profiles of major players in the industry. 

    REPORT SCOPE: 

    The scope of the report includes a detailed study of global and regional markets for various types of nuclear medicine with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Cardinal Health, Inc. (U.S.), GE Healthcare (U.K.), Bracco Imaging S.p.A (Italy), Eczacibasi-Monrol Nuclear Products (Turkey), Nordion, Inc. (Canada), Advanced Accelerator Applications S.A. (France), Bayer Healthcare (Germany), Lantheus Medical Imaging, Inc. (U.S.), IBA Molecular Imaging (Belgium), and Mallinckrodt plc (Ireland).. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. 

    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 

    The Nuclear Medicine Market has been segmented as below: 

    By Procedural Volume Segment Analysis

    Diagnostics

    SPECT Radiopharmaceuticals

    PET Radiopharmaceuticals

    Therapeutics

    Beta Emitters

    Alpha Emitters

    Brachytherapy Isotopes

    By Type Analysis

    Diagnostics

    SPECT Radiopharmaceuticals

    Tc-99

    Tl-201

    Ga-67

    I-123

    PET Radiopharmaceuticals

    F-18

    Ru-82

    Others

    Therapeutics

    Beta Emitters

    I-131

    Sm-153

    Rh-186

    Y-90

    Lu-177

    Others

    Alpha Emitters

    Ra-223

    Brachytherapy Isotopes

    I-125

    Ir-192

    Pa-103

    Cs-131

    Others

    By Application Analysis

    Diagnostics

    SPECT

    Cardiology

    Lymphoma

    Thyroid

    Neurology

    Others

    PET

    Oncology

    Cardiology

    Neurology

    Others

    Therapeutics

    Thyroid

    Bone Metastasis

    Lymphoma

    Endocrine Tumors

    Others

    By Regional Analysis

        North America

        Europe

        Asia-Pacific

        Rest of the World

    Reasons to buy this Report: 

    1) Obtain the most up to date information available on all active and planned nuclear medicine industry globally.

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of nuclear medicine industry and unit capacity data.

    4) Assess your competitor’s refining portfolio and its evolution. 

    Customization: 

     We can offer you custom research reports as per client’s special requirements.

    Below are our New Reports :-

    Immunochemistry Reagents Market

    HPMC Capsule market

    Herbal Bitters Market

    Drug of Abuse (DOA) Testing Market

    Head and Neck Cancer Drugs Market

    1 INTRODUCTION     

        1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology
        2.1 Research Methodology Steps
               2.1.1 Research Design
               2.1.2 Secondary and Primary Research Methodology
                         2.1.2.1 Secondary Research
                         2.1.2.2 Primary Research
                         2.1.2.3 Key Industry Insights
               2.1.3 Key Data From Primary Sources
               2.1.4 Key Insights From Primary Sources
               2.1.5 Market Size Estimation Methodology
               2.1.6 Market Data Validation and Triangulation
               2.1.7 Assumptions for the Study

    3 Executive Summary
        3.1 Introduction
        3.2 Conclusion

    4 Premium Insights
        4.1 Nuclear Medicine/Radiopharmaceuticals: Market Overview
        4.2 Geographic Analysis: Nuclear Medicine Market, By PET Application (2017)
        4.3 Nuclear Medicine Market, By Type (2018 vs 2024)
        4.4 Geographical Snapshot of the Nuclear Medicine Market

    5 Market Overview
        5.1 Introduction
        5.2 Market Dynamics
               5.2.1 Drivers
                         5.2.1.1 Investments Through Public-Private Partnerships to Modernize Diagnostic Imaging Centers
                         5.2.1.2 Alpha Radioimmunotherapy-Based Targeted Cancer Treatment
                         5.2.1.3 Advances in Radiotracers
                         5.2.1.4 Increasing Incidence and Prevalence of Cancer and Cardiac Ailments
               5.2.2 Restraints
                         5.2.2.1 Shorter Half-Life of Radiopharmaceuticals
                         5.2.2.2 High Cost of Nuclear Medicine Equipment
               5.2.3 Opportunities
                         5.2.3.1 High Demand in Emerging Markets
                         5.2.3.2 Upcoming Radioisotopes
                         5.2.3.3 Use of Radiopharmaceuticals in Neurological Applications
               5.2.4 Challenges
                         5.2.4.1 Shutdown of Nuclear Reactors

    6 Nuclear Medicine Market, By Type
        6.1 Introduction
        6.2 Diagnostic Nuclear Medicine/Radiopharmaceuticals
               6.2.1 SPECT Radiopharmaceuticals
                         6.2.1.1 Technetium-99m
                         6.2.1.2 Thallium-201
                         6.2.1.3 Gallium-67
                         6.2.1.4 Iodine-123
                         6.2.1.5 Other SPECT Isotopes
               6.2.2 PET Radiopharmaceuticals
                         6.2.2.1 Fluorine-18
                         6.2.2.2 Rubidium-82
                         6.2.2.3 Other PET Isotopes
        6.3 Therapeutic Nuclear Medicine/Radiopharmaceuticals
               6.3.1 Beta Emitters
                         6.3.1.1 Iodine-131
                         6.3.1.2 Yttrium-90
                         6.3.1.3 Samarium-153
                         6.3.1.4 Rhenium-186
                         6.3.1.5 Lutetium-177
                         6.3.1.6 Other Beta Emitters
               6.3.2 Alpha Emitters
                         6.3.2.1 Radium-223
               6.3.3 Brachytherapy Isotopes
                         6.3.3.1 Iodine-125
                         6.3.3.2 Iridium-192
                         6.3.3.3 Palladium-103
                         6.3.3.4 Cesium-131
                         6.3.3.5 Other Brachytherapy Isotopes

    7 Nuclear Medicine Market, By Application
        7.1 Introduction
        7.2 Diagnostic Applications
               7.2.1 SPECT Applications
                         7.2.1.1 Cardiology
                         7.2.1.2 Neurology
                         7.2.1.3 Thyroid
                         7.2.1.4 Other SPECT Applications
               7.2.2 PET Applications
                         7.2.2.1 Oncology
                         7.2.2.2 Cardiology
                         7.2.2.3 Neurology
                         7.2.2.4 Other PET Applications
        7.3 Therapeutic Applications
               7.3.1 Thyroid
               7.3.2 Bone Metastasis
               7.3.3 Lymphoma
               7.3.4 Endocrine Tumors
               7.3.5 Other Therapeutic Applications

    8 Nuclear Medicine Market, By Procedural Volume
        8.1 Introduction
        8.2 Diagnostic Procedures
               8.2.1 SPECT Radiopharmaceuticals
               8.2.2 PET Radiopharmaceuticals
        8.3 Therapeutic Procedures
               8.3.1 Beta Emitters
               8.3.2 Alpha Emitters
               8.3.3 Brachytherapy Isotopes

    9 Global Nuclear Medicine Market, By Region
        9.1 Introduction
        9.2 Diagnostics
               9.2.1 North America
               9.2.2 U.S.
                         9.2.2.1 Domestic Production of Mo-99 in the U.S.
                         9.2.2.2 Approval of New Radiopharmaceuticals By the FDA
               9.2.3 Canada
                         9.2.3.1 Extension of Operations at the Canadian National Research Universal (NRU) Reactor
                         9.2.3.2 Alternative Medical Isotope Technologies in Canada
        9.3 Europe
               9.3.1 Germany
                         9.3.1.1 New Irradiation Facility in Germany
               9.3.2 France
                         9.3.2.1 Shutdown of the French Osiris Nuclear Reactor
               9.3.3 U.K.
                         9.3.3.1 Increasing Adoption of Nuclear Medicine Equipment
               9.3.4 Italy
                         9.3.4.1 Steady Growth in Healthcare Expenditure
               9.3.5 Spain
                         9.3.5.1 Role of the Semnim in Spain
               9.3.6 Rest of Europe (RoE)
                         9.3.6.1 Rapid Rise in the Geriatric Population
        9.4 Asia-Pacific
               9.4.1 Installations of PET Scanners in India
               9.4.2 Investments By the Australian Government
               9.4.3 Initiatives to Promote Health
        9.5 Rest of the World
               9.5.1 Iaea Initiatives in Latam
               9.5.2 Argentina’s Increasing Irradiation Capacity

    10 Global Nuclear Medicine Market, By Region
         10.1 Therapeutic Nuclear Medicine Market
                   10.1.1 North America
                   10.1.2 U.S.
                               10.1.2.1 FDA Approval for Alpha Emitters
                               10.1.2.2 Therapeutic Nuclear Medicine – Alternative Treatment Choice in Oncology
                   10.1.3 Canada
                               10.1.3.1 Expertise in Isotope Production
                               10.1.3.2 Government Initiatives to Increase the Number of Nuclear Medicine Treatment Centers
                   10.1.4 Europe
                   10.1.5 Germany
                               10.1.5.1 Radionuklidtherapeutika — A Research Program Conducted in Germany
                   10.1.6 France
                               10.1.6.1 the Firm Project
                   10.1.7 U.K.
                               10.1.7.1 “A Voice for Radiotherapy” Initiative in the U.K.
                   10.1.8 Italy
                               10.1.8.1 Growing Incidences of Cancer
                   10.1.9 Spain
                               10.1.9.1 Rising Demand for Radiotherapeutics
                   10.1.10 RoE
                               10.1.10.1 Government and Public–Private Investments
                               10.1.10.2 Research on Cancer in Poland
                   10.1.11 Asia-Pacific
                                 10.1.11.1 Increasing Aging Population in Japan
                                 10.1.11.2 Aging Population and Increasing Cancer Prevalence in China
                                 10.1.11.3 Approval of Radium (223ra) Dichloride By the Therapeutic Goods Administration (TGA) in Australia
                   10.1.12 Rest of the World (RoW)
                                10.1.12.1 Increase in Cancer Incidences

    11 Competitive Landscape
         11.1 Overview
         11.2 Market Share Analysis
                   11.2.1 Introduction
                   11.2.2 Cardinal Health, Inc.
                   11.2.3 Mallinckrodt PLC
                   11.2.4 GE Healthcare
                   11.2.5 Bayer Healthcare
                   11.2.6 Lantheus Medical Imaging, Inc.
         11.3 Competitive Situations and Trends
                   11.3.1 Agreements, Partnerships, and Contracts
                   11.3.2 Marketing and Promotional Activities
                   11.3.3 Expansions
                   11.3.4 Acquisitions
                   11.3.5 Product Approvals
                   11.3.6 Divestments
                   11.3.7 Product Launches
                   11.3.8 Other Strategies

    12 Company Profiles

         12.1 Introduction
         12.2 Cardinal Health, Inc.
         12.3 Mallinckrodt PLC  
         12.4 GE Healthcare (A Fully Owned Subsidiary of General Electric Company)
         12.5 Lantheus Medical Imaging, Inc.
         12.6 Bayer AG
         12.7 Bracco Imaging S.P.A
         12.8 Eczacibasi-Monrol Nuclear Products
         12.9 Nordion, Inc. (A Subsidiary of Sterigenics International LLC.)
         12.10 Advanced Accelerator Applications S.A.
         12.11 IBA Molecular

    The Nuclear Medicine Market has been segmented as below: 

    By Procedural Volume Segment Analysis

    Diagnostics

    SPECT Radiopharmaceuticals

    PET Radiopharmaceuticals

    Therapeutics

    Beta Emitters

    Alpha Emitters

    Brachytherapy Isotopes

    By Type Analysis

    Diagnostics

    SPECT Radiopharmaceuticals

    Tc-99

    Tl-201

    Ga-67

    I-123

    PET Radiopharmaceuticals

    F-18

    Ru-82

    Others

    Therapeutics

    Beta Emitters

    I-131

    Sm-153

    Rh-186

    Y-90

    Lu-177

    Others

    Alpha Emitters

    Ra-223

    Brachytherapy Isotopes

    I-125

    Ir-192

    Pa-103

    Cs-131

    Others

    By Application Analysis

    Diagnostics

    SPECT

    Cardiology

    Lymphoma

    Thyroid

    Neurology

    Others

    PET

    Oncology

    Cardiology

    Neurology

    Others

    Therapeutics

    Thyroid

    Bone Metastasis

    Lymphoma

    Endocrine Tumors

    Others

    By Regional Analysis

        North America

        Europe

        Asia-Pacific

        Rest of the World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 9% during the study period (2022-2027)
    The nuclear medicine market is expected to be around US$ 6.4 billion by 2027
    The segment included in the nuclear medicine market is Procedural Volume Segment, Type, Application and region.
    Some key players operating in the nuclear medicine market include Cardinal Health, Inc. (U.S.), GE Healthcare (U.K.), Bracco Imaging S.p.A (Italy), Eczacibasi-Monrol Nuclear Products (Turkey), Nordion, Inc. (Canada), Advanced Accelerator Applications S.A. (France)
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

    Related Reports