Uploaded on Jul 19, 2021
The global nuclear medicine/radiopharmaceuticals market expected to be US$ 3,982.11 Mn in 2018 and is predicted to grow at a CAGR of 6.2% during the forecast period 2019 - 2027, to reach US$ 6,683.99 Mn by 2027. Europe is the second largest geographic market and is expected to be the second most significant revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of advanced nuclear medicines in order to increase the efficiency of imaging processes in the region. The growth is driven by factors such as the rising prevalence of neurologic disorders such as, Alzheimer’s and others along as well as the rising focus by market players in the European countries.
Nuclear Medicine/Radiopharmaceuticals Market
Nuclear Medicine/Radiopharmaceuticals
Market
Nuclear
Medicine/Radiopharmace
uticals Market to 2027 -
Global Analysis and
Forecasts by Applications
(Diagnostic Applications,
Therapeutic
Applications); End User
(Hospitals, Diagnostic
Centers) and Geography
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Current and future Market Scenario
According to The Insight Partners market research study titled 'Nuclear Medicine/Radiopharmaceuticals
Market to 2027 – Global Analysis and Forecasts by Applications and End User'. The Global Nuclear
Medicine/Radiopharmaceuticals Market is expected to reach US$ 6,683.99 Mn in 2027 from US$ 3,982.11 Mn
in 2018.
The market is estimated to grow with a CAGR of 6.2% from 2019-2027. The report highlights the trends
prevalent in the global nuclear medicine/radiopharmaceuticals market and the factors driving the market
along with those that act as deterrents to its growth.
The market is estimated to grow with a CAGR of 6.2% from 2019-2027. The report highlights the trends
prevalent in the global nuclear medicine/radiopharmaceuticals market and the factors driving the market
along with those that act as deterrents to its growth.
This segment is also expected to dominate the market in 2027 owing to availability of diagnostic devices and
ease offered by these devices for diagnosis of various disorders. Moreover, increasing incidences of cardiac
diseases, cancer, and neurological disorders are expected to fuel the demand for better diagnosis of these
disorders.
Key Findings
Also, nuclear medicine provide better diagnostic information about the functioning of a specific organ, as
it uses radiation. Hence, owing to the above statements, this segment is also anticipated to witness the
growth at a significant rate during the forecast period, 2019 to 2027.
Market Insights
Rising Prevalence of Chronic Diseases
The chronic diseases such as heart diseases, cancer, chronic lung diseases, stroke, Alzheimer’s disease, and
chronic kidney disease and other neurological disorders are growing at a rapid rate across the globe. These
chronic diseases are the leading cause of deaths. According to the recent statistics of World Health
Organization for the year 2019, states that chronic disease contributes approximately 60% of all deaths and
43% of the global burden of disease. It is also expected that by 2020 the incidences of deaths will rise
approximately to 73% and the global burden of disease is expected to grow by 60%.
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Market Segments
By Application
Diagnostic Applications Therapeutic Applications
SPECT (Single-Photon By End UserThyroid
Emission Computed HospitalsBone Metastasis
Tomography) Applications Diagnostic CentersLymphoma
PET (Positron Emission Endocrine Tumors
Tomography) Applications Other Therapeutic
Applications
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Dominating Segments
The global nuclear medicine/radiopharmaceuticals market by application was led by diagnostic applications
segment. In 2018, the diagnostic applications segment held a largest market share of the nuclear
medicine/radiopharmaceuticals market, by applications. This segment is also expected to dominate the
market in 2027 owing to availability of diagnostic devices and ease offered by these devices for diagnosis of
various disorders. Moreover, increasing incidences of cardiac diseases, cancer, and neurological disorders are
expected to fuel the demand for better diagnosis of these disorders.
The global nuclear medicine/radiopharmaceuticals market by end user segment was led by hospitals
segment. In 2018, the hospitals settings segment with a significant share in the nuclear
medicine/radiopharmaceuticals market, by end user. This segment is also expected to dominate the market
in 2027 owing to presence of skilled professionals in hospitals, increasing preference for better healthcare
facilities as well as availability of reimbursement policies.
There have been limited developments made in the nuclear medicine/radiopharmaceuticals market during
recent years. However, growth strategies such as approvals, collaborations, and partnerships have been
witnessed in the market of nuclear medicine/radiopharmaceuticals.
Dominating Segments
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By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Dominating Segments
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South and Central America
Brazil
Argentina
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Leading Players
Company Profiles
Cardinal Health
IBA Worldwide
Curium
GENERAL ELECTRIC
Bayer AG
Positron Corporation
NTP Radioisotopes SOC Ltd.
Bracco
Lantheus Medical Imaging Inc.
Advanced Accelerator Applications
REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
Hemophilia Treatment Market
Hemophilia Treatment Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/radiopharmaceuticals-market
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