Global Radiopharmaceutical Market Analysis and Forecast Predictions
The market for Radiopharmaceutical Market growing with the expansion of this Industry Sector Worldwide. Market Research Report Search Engine (MRRSE) has added a new report titled “Radiopharmaceutical Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024”which offer details about the current trends as well as scope for the near future. This research study also covers information about the production and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned Radiopharmaceutical Market is highlighted in the report which indicates a prosperous future.Obtain Brochure for Latest Technology Advancements @ https://www.mrrse.com/sample/2177
Since the first radiopharmaceutical that was commercialized way back in 1950, Iodine-131 human serum albumin (RISA), the concept of nuclear medicine has been harnessed consistently over the past half a century. And, the future of the healthcare industry substantially depends on radiopharmaceuticals too, for both diagnostic and therapeutic applications. Radiopharmacology is useful several branches of medicine including cardiology, nephrology, oncology, gastroenterology, immunology, and neurology. As per the evaluations of this business intelligence study, the demand in the global radiopharmaceuticals market will increment at a steady CAGR of 5.4% during the forecast period of 2017 to 2024. Revenue-wise, the global radiopharmaceuticals market is estimated to attain a value of US$7,430.8 million by 2024, mounting from its calculated worth of US$5,145.1 million as of 2017.
The strong prevalence of cancer and cardiovascular diseases, growing awareness regarding its positive effects, increasing preference of SPECT and PET scans, and advancements in radiotracers are some of the key drivers of the radiopharmaceuticals market. On the other hand, factors such as stringent regulatory guidelines, supply shortage of radioisotopes, and short half-life of radiopharmaceuticals are hindering the market from flourishing.
Technetium-99 Identified as Key Radioisotope Segment
On the basis of radioisotope, the radiopharmaceutical market has been segmented into Gallium-67, Technetium-99, Rubidium-82, 18F, Iodine-123, Lutetium-177, and Yttrium-90. Among these, the Technetium-99 segment continues to be the one with maximum demand, generating a revenue of US$2,582.6 million in 2017. Technetium-99 is the most widely used radioisotope in nuclear medicine and nearly 70% to 80% of it is being used as a diagnostic nuclear medicine. Technetium-99 is a short-lived radioisotope (half-life of 6 hours) when produced from molybdenum-99 inside a nuclear reactor.
Access Complete Report With TOC and Company Profiles @ https://www.mrrse.com/radiopharmaceuticals-market
On the other hand, the 18F radioisotope segment of the radiopharmaceutical market has been highlighted as the one with above-average CAGR of 5.7% during the period of 2017 to 2024. 18F is a positron emitting radioisotope produced in a cyclotron. 18F is used for positron emission tomography (PET) in order to detect various types of cancer. Increasing demand for 18F-FDG has advanced technological development in accelerator technology, radiochemistry, automated processing modules, detector systems, and imaging software.
Based on source, the nuclear medicine market has been bifurcated into nuclear reactors and cyclotrons. This radiopharmaceutical market report also estimates the potential of demand that can be expected out of the end users of hospitals, diagnostic centers, ambulatory surgical centers, and others such as universities, research laboratories, and pathology laboratories where few clinical trials research programs are enhanced by using nuclear medicines.
The U.S. Radiopharmaceuticals Market to be worth US$3,760.8 million by 2024
Region- and country-wise, this radiopharmaceuticals market study rates North America as most lucrative, with the U.S. generating most of the demand. As of 2017, the nuclear medicine market in North America was estimated to be worth US$3,093.2 million, with the U.S. accounting for 84.4% of the regional demand. This prosperity of the U.S. pharmaceuticals market can be attributed to increase in access to health care, rising incidence of cancer and heart patients, and rapid introduction of advanced technological implementations in SPECT and PET systems.
On the other hand, the vastly populated region of Asia Pacific is foreseen to generate demand at a much stronger CAGR of 6.5% over the course of 2017 to 2024. However, this would reflect as only the third largest regional demand of pharmaceuticals worth of US$735.2 million, with Europe sustaining its second position despite a sluggish growth rate.
GE Healthcare and Siemens Healthineers have been identified as the leading two companies holding major shares in the global radiopharmaceuticals market.
About (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Radiopharmaceutical Market Analysis and Forecast Predictions here
News-ID: 1061890 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for Radiopharmaceutical
Radiopharmaceutical Market 2021 | Detailed Report
Radiopharmaceutical Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027.
Get Free Sample PDF (including full TOC, Tables and Figures) of Radiopharmaceutical Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4123322
The report provides a comprehensive analysis of company profiles listed below:
- Bracco Imaging
- Bayer
- Mallinckrodt
- Nordion
- Triad Isotopes
- Lantheus
-…
Impressive Trends and Future Scope of Radiopharmaceutical Market
Radiopharmaceutical Market: Introduction
According to the report, the global radiopharmaceutical market was valued at US$ 3.6 Bn in 2018 and is projected to expand at a CAGR of ~4% from 2019 to 2027. Some of the factors driving the radiopharmaceutical market are expansion activities of key radiopharma players; applications in clinical trials; and increase in aging population, pipeline assessment of new drugs, and disease indication mortality. Shutdown of some of the…
Radiopharmaceutical Market | Analysis & Key Trends 2024
Radiopharmaceutical Market: Snapshot
The global market for radiopharmaceuticals is poised for steady growth in the coming years, driven primarily by the rising use of radioisotopes for the treatment of various diseases, such as cancer, bone palliation, neurological disorders, and cardiovascular diseases. Around 35 million patients undergo treatment procedures for these diseases each year and this will continue to boost the demand for radiopharmaceuticals.
According to the Nuclear Energy Institute, radioisotopes are essential…
Radiopharmaceutical Market Development Status and Outlook 2024
Radiopharmaceutical Market: Snapshot
The global market for radiopharmaceuticals is poised for steady growth in the coming years, driven primarily by the rising use of radioisotopes for the treatment of various diseases, such as cancer, bone palliation, neurological disorders, and cardiovascular diseases. Around 35 million patients undergo treatment procedures for these diseases each year and this will continue to boost the demand for radiopharmaceuticals.
Read Report Overview for Radiopharmaceutical Market: http://www.transparencymarketresearch.com/radiopharmaceuticals-market.html
According to the…
Competition Landscape for Radiopharmaceutical Market Global Industry 2024
The global radiopharmaceutical market was valued at US$4.7 bn in 2015 and is estimated to reach US$7.4 bn by 2024, expanding at a CAGR of 5.3% from 2016 to 2024.
Download Exclusive Global Strategic Business Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=213
Radiopharmaceutical Market: Snapshot
The global market for radiopharmaceuticals is poised for steady growth in the coming years, driven primarily by the rising use of radioisotopes for the treatment of various diseases, such as cancer, bone palliation, neurological…
Global Radiopharmaceutical Devices Sales Market Report 2021
Summary
This report studies sales (consumption) of Radiopharmaceutical Devices in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
PIE Medical Imaging
Agfa Healthcare
Analogic
Canon U.S.A., Inc.
Biosound Esaote, Inc.
GE Healthcare
Hologic, Inc.
Philips Healthcare
Positron Corporation
Siemens Healthcare
Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=670347&ptitle=Global+Radiopharmaceutical+Devices+Sales+Market+Report+2021&req=Sample
Toshiba Medical Systems Corporation
Ziehm Imaging
Shimadzu
Orthoscan
Medtronic
Carestream Health
Konica Minolta Medical Imaging
iCRco
Lodox
Whale Imaging
Fujifilm Medical Systems…