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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