The Radiopharmaceuticals Market Size was valued at USD 5.07 billion in 2022, and is expected to reach USD 10.26 billion by 2030, and grow at a CAGR of 9.2% over the forecast period 2023-2030.
The radiopharmaceuticals market is experiencing significant growth and is expected to continue expanding in the coming years. Radiopharmaceuticals are specialized drugs that contain radioactive substances, used for diagnostic and therapeutic purposes in nuclear medicine. They play a crucial role in the diagnosis and treatment of various diseases, including cancer, cardiovascular disorders, and neurological conditions.
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One of the key factors driving the growth of the radiopharmaceuticals market is the increasing prevalence of chronic diseases worldwide. As the global population continues to age and lifestyles become more sedentary, there has been a surge in chronic conditions such as cancer and cardiovascular diseases. Radiopharmaceuticals offer a non-invasive and highly accurate method for diagnosing these diseases at an early stage, enabling timely intervention and improved patient outcomes.
Moreover, advancements in imaging technologies have further propelled the demand for radiopharmaceuticals. Positron Emission Tomography (PET) and Single Photon Emission Computed Tomography (SPECT) are widely used.
KEY MARKET SEGMENTS
By Radioisotope Type
- Technetium-99
- Fluorine-18
- Iodine-131
- Leutetium-177
- Yttrium-90
- Gallium-68
- Gallium-67
- Rubidium-82
- Iodine-123
- Iodine-125
- Indium-111
- Others
By Source
- Cyclotrons
- Nuclear Reactors
By Application
- Neurology
- Cardiology
- Oncology
- Gastroenterology
- Nephrology
- Neuroendocrinology
- others
By End-User
- Hospital & Clinics
- Diagnostic Center
- Ambulatory Surgical Centers
- Cancer Research Institute
- Others
Major Players Listed in the Report are as Follows:
GE healthcare, Jubilant life sciences, Curium, JSC isotopes, Novartis AG, Bracco diagnostic, Cardinalhealth, Norgine B.V, Siemens healthiness, Curium, Lantheus Medical imaging, Australian Nuclear Science and Technology and Other Players
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