Radiopharmaceuticals, in the limelight of heavy healthcare expenditures by affluent economies, is taking long strides in scientific innovations. FMI report suggests an overall global valuation of US$ 6972.1 million in 2024.
Increased awareness of the benefits of radioisotope medications has slated this valuation to surpass US$ 11635 million by 2034, growing at a CAGR of 3.40% for the forecast period of 2024 to 2034.
Attributes | Details |
---|---|
Radiopharmaceutical Market Value for 2024 | US$ 6972.1 million |
Projected Market Value for 2034 | US$ 11635 million |
Value-based CAGR from 2024 to 2034 | 3.40% |
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Technetium-99, a metastable nuclear isomer of technetium-99, is one of the most commonly used isotopes in medical imaging. It is accounted to hold a share of 47.20% in the radiopharmaceutical market.
Attributes | Details |
---|---|
Radioisotope | Technetium-99 |
Market Share (2024) | 47.20% |
Attributes | Details |
---|---|
Application | Oncology |
Market Share (2024) | 51.40% |
Asian countries are set to become some of the lucrative markets for radiopharmaceuticals in the coming future. The growth rates for these countries have been jotted down below. Huge population, government policies, the prevalence of chronic diseases, such as cancer, and rising medical tourism are some of the main reasons for this growth.
Countries | CAGR (2024 to 2034) |
---|---|
India | 5.40% |
Malaysia | 3.90% |
Indonesia | 3.70% |
Thailand | 3.20% |
Spain | 2.90% |
The Indian radiopharmaceutical industry is slated to grow at a healthy CAGR of 5.40% for the forecasted period.
Malaysia is one of the most lucrative markets for radiopharmaceuticals. For the period of 2024 to 2034, the market is very likely to grow at a CAGR of 3.90%.
The Indonesian market for radiopharmaceuticals is set to grow at a sluggish CAGR of 3.70% through 2034.
The Thai radiopharmaceutical market also has a promising future like the other Asian countries. It is very much likely to progress at 3.20% CAGR through 2034.
The Spanish market for radiopharmaceuticals is accounted to grow at a CAGR of 2.90% for 2024 to 2034.
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The market for radiopharmaceuticals is still in its nascent stages with very few companies dominating the international marketplace. However, with medical advancements and the proliferation of these methodologies in the medical world, the requirement of radiopharmaceuticals will soon experience a drastic surge. This will provide excellent opportunities for new players to enter the market.
Some of the prominent companies in the market are Bayer AG, Bracco Imaging S.p.A., Cardinal Health, Inc., Eli Lilly and Company (Eli Lilly), Curium Pharma, Lantheus Holdings, Inc., Novartis AG, Nordion (Canada) Inc., etc. These companies provide radiopharmaceuticals to healthcare facilities such as hospitals, ambulatory surgical centers, clinics, specialty hospitals, etc.
Innovation and keeping up with the latest medical technology are the key components in this market. This is the reason why, these companies are found to be investing millions of dollars in the development of novel radiopharmaceuticals with better efficiency.
Besides this, collaborative efforts with government bodies are also being carried out to make the offering more affordable, feasible, and easily available, especially in developing and underdeveloped parts of the world.
Recent Developments
The radiopharmaceutical market is expected to be worth US$ 6972.1 million by 2024.
The radiopharmaceutical market is expected to reach US$ 11635 million by 2034.
The radiopharmaceutical market is expected to grow at a CAGR of 3.40% from 2024 to 2034.
Bayer AG, Bracco Imaging S.p.A., Cardinal Health, Inc., Eli Lilly and Company (Eli Lilly), Curium Pharma, etc., are some of the major players in the global radiopharmaceutical market.
The valuation for the global radiopharmaceutical market in 2023 was US$ 6742.8 million.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.1.2. Mid-Level Participants (Traders) 3.5.1.3. Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Distributors 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Radioisotope Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Radioisotope Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Radioisotope Type, 2024 to 2034 5.3.1. Technetium-99 5.3.2. Fluorine-18 5.3.3. Iodine-131 5.3.4. Leutetium-177 5.3.5. Yttrium-90 5.3.6. Gallium-68 5.3.7. Gallium-67 5.3.8. Rubidium-82 5.3.9. Iodine-123 5.3.10. Iodine-125 5.3.11. Indium-111 5.3.12. Others 5.4. Y-o-Y Growth Trend Analysis By Radioisotope Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Radioisotope Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Oncology 6.3.2. Cardiology 6.3.3. Gastroenterology 6.3.4. Neuroendocrinology 6.3.5. Neurology 6.3.6. Nephrology 6.3.7. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2024 to 2034 7.3.1. Cyclotrons 7.3.2. Nuclear Reactors 7.4. Y-o-Y Growth Trend Analysis By Source, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Source, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End User, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End User, 2024 to 2034 8.3.1. Hospitals 8.3.2. Diagnostic Imaging Centers 8.3.3. Ambulatory Surgical Centers 8.3.4. Cancer Research Institute 8.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Radioisotope Type 10.2.3. By Application 10.2.4. By Source 10.2.5. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Radioisotope Type 10.3.3. By Application 10.3.4. By Source 10.3.5. By End User 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Radioisotope Type 11.2.3. By Application 11.2.4. By Source 11.2.5. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Radioisotope Type 11.3.3. By Application 11.3.4. By Source 11.3.5. By End User 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Radioisotope Type 12.2.3. By Application 12.2.4. By Source 12.2.5. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Radioisotope Type 12.3.3. By Application 12.3.4. By Source 12.3.5. By End User 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Radioisotope Type 13.2.3. By Application 13.2.4. By Source 13.2.5. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Radioisotope Type 13.3.3. By Application 13.3.4. By Source 13.3.5. By End User 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Radioisotope Type 14.2.3. By Application 14.2.4. By Source 14.2.5. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Radioisotope Type 14.3.3. By Application 14.3.4. By Source 14.3.5. By End User 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Radioisotope Type 15.2.3. By Application 15.2.4. By Source 15.2.5. By End User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Radioisotope Type 15.3.3. By Application 15.3.4. By Source 15.3.5. By End User 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Radioisotope Type 16.2.3. By Application 16.2.4. By Source 16.2.5. By End User 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Radioisotope Type 16.3.3. By Application 16.3.4. By Source 16.3.5. By End User 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2023 17.1.2.1. By Radioisotope Type 17.1.2.2. By Application 17.1.2.3. By Source 17.1.2.4. By End User 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2023 17.2.2.1. By Radioisotope Type 17.2.2.2. By Application 17.2.2.3. By Source 17.2.2.4. By End User 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2023 17.3.2.1. By Radioisotope Type 17.3.2.2. By Application 17.3.2.3. By Source 17.3.2.4. By End User 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2023 17.4.2.1. By Radioisotope Type 17.4.2.2. By Application 17.4.2.3. By Source 17.4.2.4. By End User 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2023 17.5.2.1. By Radioisotope Type 17.5.2.2. By Application 17.5.2.3. By Source 17.5.2.4. By End User 17.6. UK 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2023 17.6.2.1. By Radioisotope Type 17.6.2.2. By Application 17.6.2.3. By Source 17.6.2.4. By End User 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2023 17.7.2.1. By Radioisotope Type 17.7.2.2. By Application 17.7.2.3. By Source 17.7.2.4. By End User 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2023 17.8.2.1. By Radioisotope Type 17.8.2.2. By Application 17.8.2.3. By Source 17.8.2.4. By End User 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2023 17.9.2.1. By Radioisotope Type 17.9.2.2. By Application 17.9.2.3. By Source 17.9.2.4. By End User 17.10. Poland 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2023 17.10.2.1. By Radioisotope Type 17.10.2.2. By Application 17.10.2.3. By Source 17.10.2.4. By End User 17.11. Russia 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2023 17.11.2.1. By Radioisotope Type 17.11.2.2. By Application 17.11.2.3. By Source 17.11.2.4. By End User 17.12. Czech Republic 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2023 17.12.2.1. By Radioisotope Type 17.12.2.2. By Application 17.12.2.3. By Source 17.12.2.4. By End User 17.13. Romania 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2023 17.13.2.1. By Radioisotope Type 17.13.2.2. By Application 17.13.2.3. By Source 17.13.2.4. By End User 17.14. India 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2023 17.14.2.1. By Radioisotope Type 17.14.2.2. By Application 17.14.2.3. By Source 17.14.2.4. By End User 17.15. Bangladesh 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2023 17.15.2.1. By Radioisotope Type 17.15.2.2. By Application 17.15.2.3. By Source 17.15.2.4. By End User 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2023 17.16.2.1. By Radioisotope Type 17.16.2.2. By Application 17.16.2.3. By Source 17.16.2.4. By End User 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2023 17.17.2.1. By Radioisotope Type 17.17.2.2. By Application 17.17.2.3. By Source 17.17.2.4. By End User 17.18. China 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2023 17.18.2.1. By Radioisotope Type 17.18.2.2. By Application 17.18.2.3. By Source 17.18.2.4. By End User 17.19. Japan 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2023 17.19.2.1. By Radioisotope Type 17.19.2.2. By Application 17.19.2.3. By Source 17.19.2.4. By End User 17.20. South Korea 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2023 17.20.2.1. By Radioisotope Type 17.20.2.2. By Application 17.20.2.3. By Source 17.20.2.4. By End User 17.21. GCC Countries 17.21.1. Pricing Analysis 17.21.2. Market Share Analysis, 2023 17.21.2.1. By Radioisotope Type 17.21.2.2. By Application 17.21.2.3. By Source 17.21.2.4. By End User 17.22. South Africa 17.22.1. Pricing Analysis 17.22.2. Market Share Analysis, 2023 17.22.2.1. By Radioisotope Type 17.22.2.2. By Application 17.22.2.3. By Source 17.22.2.4. By End User 17.23. Israel 17.23.1. Pricing Analysis 17.23.2. Market Share Analysis, 2023 17.23.2.1. By Radioisotope Type 17.23.2.2. By Application 17.23.2.3. By Source 17.23.2.4. By End User 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Radioisotope Type 18.3.3. By Application 18.3.4. By Source 18.3.5. By End User 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Siemens AG 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Positron Corporation 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Novartis (Advanced Accelerator Applications) 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. Curium 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. GE Healthcare 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. Lantheus Holdings Inc. 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. Sotera Health LLC (Nordion Inc.) 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Bayer AG 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Eckert & Ziegler 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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