Nuclear Medicine or Radiopharmaceuticals Market was valued at USD 5700 million in 2021 and is expected to reach USD 9520 million by the year 2028, at a CAGR of 7.6%.
The "Global Nuclear Medicine or Radiopharmaceuticals Market by Type, Application and Region - Forecast to 2028" report has been added to Introspective Market Research offering. Growth in the nuclear medicine market can primarily be attributed to factors such as the increasing incidence and prevalence of cancer and cardiac ailments and initiatives to lessen the demand-supply gap of Mo-99. However, the short half-life of radiopharmaceuticals reduces their potential adoption, while hospital budget cuts and high equipment prices are expected to limit market growth to a certain extent.
In this report, the nuclear medicine market has been segmented based on type, application, procedure volume and region. Based on type, the nuclear medicine market is categorized into diagnostic and therapeutic nuclear medicine. The therapeutic nuclear medicine segment is further segmented into alpha emitters, beta emitters, and brachytherapy isotopes. The diagnostic nuclear medicine segment is segmented into SPECT and PET.
Key Prominent Players In The Nuclear Medicine or Radiopharmaceuticals Market:
- Actinium Pharmaceuticals Inc. (US)
- Alliance Medical (UK)
- Avid Bioservices Inc (US)
- Bayer HealthCare Pharmaceuticals (Germany)
- Bracco Diagnostics Inc. (Italy)
- Cardinal Health Inc. (US)
- GE Healthcare (US)
- Ion Beam Applications S.A (Belgium)
- Jubilant Pharma (India)
- Lantheus Medical Imaging Inc. (US)
- Medi-Radiopharma Ltd (Hungary)
- Nordion Inc. (Canada)
- Novartis/Advanced Accelerator Applications (France)
- Positron Corporation (US)
- Radiopharm Theranostics Ltd. (US)
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Market segmentation
The Nuclear Medicine or Radiopharmaceuticals market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Nuclear Medicine or Radiopharmaceuticals Market Segment by Types, Estimates, and Forecast by 2028
Diagnostic,Therapeutic,Research
Nuclear Medicine or Radiopharmaceuticals Market Segment by Applications, Estimates, and Forecast by 2028
Oncology,Thyroid,Cardiology,Neurology and Others
Regional Analysis for COVID-19 Outbreak-Global Nuclear Medicine or Radiopharmaceuticals Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Industry experts have identified key factors influencing the pace of development of the Nuclear Medicine or Radiopharmaceuticals industry, including various opportunities and gaps. A thorough analysis of the Nuclear Medicine or Radiopharmaceuticals market for the growth trends of each category makes the overall study interesting. When studying the market, researchers also dig deep into their future prospects and their contribution to the industry. Additionally, the research report evaluated the market key players and features, such as capacity utilization rate comprised of revenue.
Nuclear Medicine or Radiopharmaceuticals Report provides insights into the following queries:
1.Market growth rate and growth momentum of Nuclear Medicine or Radiopharmaceuticals market for the period 2022-2028
2. The estimated size of the Nuclear Medicine or Radiopharmaceuticals market for the period 2022-2028
4. Sales (volume), revenue, and value analysis by regions of Nuclear Medicine or Radiopharmaceuticals market
5. The associated market risk, opportunity, and market overview of the Nuclear Medicine or Radiopharmaceuticals market
6. Major distributors, dealers, end-users, and traders of the Nuclear Medicine or Radiopharmaceuticals market?
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Nuclear Medicine or Radiopharmaceuticals market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Nuclear Medicine or Radiopharmaceuticals market segments and regions.
Key Points Covered in Radiopharmaceuticals Market Study
- Market estimates and forecast 2022-2028
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Radioisotope Innovations and Regulatory Climate
- COVID-19 Impact on Radiopharmaceuticals market and How to Navigate
- Recommendation on Key Winning Strategies
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