According to Stratistics MRC, the Global Nuclear Medicine Market is valued at $4.42 billion in 2015 and is expected to grow at a CAGR of 10.55 % to reach $8.92 billion by 2022. Rising demand from emerging nations and the growing incidence of cardiovascular ailments and cancers are some of the key factors driving the market growth. Conversely, strict government regulations and competition from conventional diagnostic methods are hampering the market. Furthermore, technological advancements in neurological applications are anticipated to create ample of opportunities for the market in the future.
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North America is the largest market in terms of revenue in 2015 due to several technological advancements within the region. However, Asia Pacific is poised to grow at a faster pace due to the increasing incidence of neurological and cardiovascular diseases and cancer. Various new products are being launched together with the several technological advancements. Thus, new product launch is the key strategy followed by the players to gain the traction in the market.
Some of the key players in global Nuclear Medicine market are Advanced Accelerator Applications S.A., Ashby Gorman Baker Ltd, Bayer Healthcare, BraccImaging S.P.A, Cardinal Health, Digirad, Eczcibasi-Monrol Nuclear Products, GE Healthcare, IBA Molecular Imaging, Lantheus Medical Imaging, Mallinckrodt PLC, MedisLtd., Nordion, Inc., Philips Healthcare and Siemens Healthcare.
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Other Therapeutic Applications
Positron emission tomography (PET)
Single Photon Emission Computed Tomography (SPECT)
Types of Nuclear Medicine Covered:
Nuclear Medicine Therapeutic Isotopes
Nuclear Medicine/Radiopharmaceuticals Diagnostics
Positron emission tomography (PET) Radiopharmaceuticals
Single photon emission tomography (SPECT)
Rest of Europe
Rest of Asia Pacific
Rest of the World
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