Market Research Report
Global Radiopharmaceuticals Market - 2020-2027
|Published by||DataM Intelligence||Product code||983411|
|Published||Content info||307 Pages
Delivery time: 1-2 business days
|Global Radiopharmaceuticals Market - 2020-2027|
|Published: January 19, 2021||Content info: 307 Pages||
The Global Radiopharmaceuticals Market is expected to grow at a CAGR of 9.2% during the forecasting period (2019-2026).
Radiopharmaceuticals also known as Nuclear medicines are a group of pharmaceutical drugs which have radioactivity and can be used as diagnostic and therapeutic agents.
Radiopharmaceuticals emit radiation themselves, which is different from fluids within the body which absorb or alter external electromagnetism or ultrasound. This phenomenon helps to identify the various abnormalities such as cancer cells, within the human body.
Market Drivers and Restraints
Global radiopharmaceuticals market is growing at a steady pace and anticipated to exhibit similar faster growth in the future.
The market growth is attributed to driving factors such as improvements in diagnostic facilities, an increase in the number of new cancer cases, and an increase in preference for radiation therapy for cancer treatment.
Moreover, developments in imaging technologies using radiopharmaceuticals and alpha radioimmunotherapy-based targeted cancer treatment are also key factors fueling the growth of the market.
The global radiopharmaceuticals market might experience a hindrance in the growth owing to the short half-life of radiopharmaceuticals, supply-demand gap of the pharmaceuticals, and high equipment prices of diagnostic imaging devices.
By End User
The Radiopharmaceuticals market is segmented on end user as Hospitals & Clinics, Diagnostic Centers, and Others. Diagnostic centers dominate the market share with more than 50% of the market share.
Other category includes primarily research centers which are driving the growth for Another end-user segment.
Based on the geography, North America is dominating the global Radiopharmaceuticals system market, and it is expected to grow in the forecast period.
The US is the most significant revenue contributor to this region because of an increase in the elderly population. Advances in technology in product, design, structure, and usage, development of various types of radiopharmaceuticals have contributed to the growth of the market in the US.
The Asia-pacific region is anticipated to be the fastest growing region in the global radiopharmaceuticals market. Technological innovations, growing elderly population, and improvements in healthcare infrastructure are the primary contributors to the growth of the market in Asia-Pacific.
Several new players have entered into the global market for a radiopharmaceutical, and this trend denotes to the growing acceptance and popularity of dangerous drugs across the globe.
The market vendors that have earned a name for themselves in the global radiopharmaceuticals market have stuck to the basics of proper planning, marketing, and distribution of products. Established market vendors are recalibrating their business strategies to fit the needs and want of the consumers.
The distributors of dangerous drugs have also played a key role in reaching to wider audiences and expanding their consumer base. Product launch is one of the key strategy adopted by the principal manufacturers to improve their market presence across the globe.
For instance, In January 2018, Norgine B.V., a leading European specialty pharmaceutical company has announced the launch of LYMPHOSEEK® (Tc 99m tilmanocept) in Finland and Sweden. LYMPHOSEEK is a radiopharmaceutical used for diagnostic purposes by nuclear medicine specialists and surgeons.
Radio Pharmaceuticals Applications
Single-Photon Emission Computed Tomography (SPECT)
Positron Emission Tomography
1 Global Radiopharmaceuticals Market Methodology and Scope
2 Global Radiopharmaceuticals Market - Market Definition and Disease Overview
3 Global Radiopharmaceuticals Market - Executive Summary
4 Global Radiopharmaceuticals Market - Market Dynamics
5 Global Radiopharmaceuticals Market - Industry Forces
6 Global Radiopharmaceuticals Market - Market Dynamics
7 Global Radiopharmaceuticals Market - By Radioisotopes
8 Global Radiopharmaceuticals Market - By Application
9 Global Radiopharmaceuticals Market - By Source
10 Global Radiopharmaceuticals Market - By End User
11 Global Radiopharmaceuticals Market - By Region
12 Global Radiopharmaceuticals Market - Competitive Landscape
13 Company Profiles
14 Global Radiopharmaceuticals Market - Premium Analyst Insights
15 Global Radiopharmaceuticals Market - DataM