Radiopharmaceuticals Market Overview –
With the increase in demand for diagnostic imaging services, more technologists are turning towards Radiopharmaceuticals, a booming industry that promises bright financial prospects. The cost of imaging processes has gone up, and with the increasing number of diseases that can be detected through imaging technologies, the demand for technologists and technicians who possess the skills and knowledge required by radiologists to do so is also increasing. With proper training, radiology tech training is something that any student interested in the field should be sure to take into account. The global radiopharmaceuticals market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global radiopharmaceuticals market is expected to witness significant growth during the forecast period, owing to rising initiatives to reduce the supply-demand gap of Mo-99.
Global Radiopharmaceuticals Market should reach $18,354.29 million by 2028 at a CAGR of 10.3% for the forecast period of 2021 to 2028.
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Radiopharmaceuticals Market Drivers –
Increasing prevalence of target conditions such as tuberculosis, measles, tetanus, and hepatitis B is expected to drive the growth of the global radiopharmaceuticals market during the forecast period. According to the World Health Organization (WHO), in 2019, around 1.4 million died from tuberculosis (TB) and around 10 million people were diagnosed with the same. This, in turn, has increased the demand for radiopharmaceuticals worldwide for effective treatment. Hence, such factors are expected to drive the growth of the global radiopharmaceuticals market during the forecast period. Furthermore, rising initiatives to reduce the supply-demand gap of Mo-99 are expected to propel the global radiopharmaceuticals market growth over the forecast period.
Market Restraint –
Short half-life of radiopharmaceuticals is expected to restrain the growth of the global radiopharmaceuticals during the forecast period.
Regional Insights –
Among regions, North America is expected to witness significant growth in the global radiopharmaceuticals market during the forecast period. This is owing to the growing adoption of nuclear medicine in cancer treatment across the region. Moreover, Asia Pacific is expected to register a robust growth rate, owing to improving healthcare infrastructure in the region.
Competitive Section –
Major companies involved in the global radiopharmaceuticals market are
- Bracco Imaging
- Bayer
- Mallinckrodt
- Nordion
- Triad Isotopes
- Lantheus
- IBA Group
- GE Healthcare
- China Isotope & Radiation
- Jubilant Pharma
- Eli Lilly
For instance, in March 2021, BWXT Medical Ltd. entered into a joint venture with Global Medical Solutions, Ltd. to manufacture and distribute radioisotopes and radiopharmaceuticals in the Asia Pacific.
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Market Segmentation –
Product Type Segmentation:
- Diagnostic Radioisotopes
- Therapeutic Radioisotopes
Industry Segmentation:
- Oncology
- Cardiology
Our key underpinning is the 4-Quadrant Framework that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
Why Should Buy This Report From Stratagem Market Insights?
- This report offers a broad and concise analysis of the Radiopharmaceuticals market using a robust research methodology and focusing on various data available for the historical period of the past few years.
- Provides in-depth research analysis of the overall Radiopharmaceuticals market. which can help save time for start-up businesses related to the Radiopharmaceuticals Market.
- The Radiopharmaceuticals markets’ latest news, forecast analysis as well as the key competitors of the market are easily available with all the necessary information.
- This Radiopharmaceuticals market report comprises graphs, pie charts, and other representations that can help the reader understand the information at a glance.
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Main points in Radiopharmaceuticals Market Report Table of Content:
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Radiopharmaceuticals Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Radiopharmaceuticals Industry Impact
Chapter 2 Radiopharmaceuticals Competition by Types, Applications, and Top Regions and Countries
2.1 Radiopharmaceuticals (Volume and Value) by Type
2.3 Radiopharmaceuticals (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Radiopharmaceuticals Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Radiopharmaceuticals Market Analysis
Chapter 6 East Asia Radiopharmaceuticals Market Analysis
Chapter 7 Europe Radiopharmaceuticals Market Analysis
Chapter 8 South Asia Radiopharmaceuticals Market Analysis
Chapter 9 Southeast Asia Radiopharmaceuticals Market Analysis
Chapter 10 Middle East Radiopharmaceuticals Market Analysis
Chapter 11 Africa Radiopharmaceuticals Market Analysis
Chapter 12 Oceania Radiopharmaceuticals Market Analysis
Chapter 13 South America Radiopharmaceuticals Market Analysis
Chapter 14 Company Profiles and Key Figures in Radiopharmaceuticals Business
Chapter 15 Radiopharmaceuticals Market Forecast (2021-2028)
Chapter 16 Conclusions
Research Methodology
Continued….
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