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Global Radiopharmaceutical Market Expected to Witness a Sustainable Growth over 2023
Radiopharmaceuticals are radioactive compounds administered to the patient, and monitored via specific imaging devices, for diagnosis and therapeutic purposes. It is composed of a radioisotope bond to an organic molecule. The organic molecule conveys the radioisotope to specific organs, tissues or cells. The radioisotope is selected for its properties. Radiopharmaceuticals are used in the field of nuclear medicine as radioactive tracers in medical imaging and in therapy for many diseases (for example, brachytherapy). Many radiopharmaceuticals use technetium-99m (Tc-99m) which has many useful properties as a gamma-emitting tracer nuclide.
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Global Radiopharmaceutical Market: Forecast by Type / Application / Region
In the next few years, Radiopharmaceuticals industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.
The classification of Radiopharmaceuticals includes Diagnostic Radioisotopes, Therapeutic Radioisotopes. The revenue proportion of Diagnostic Radioisotopes in 2016 is about 77%, and the proportion is in decreasing trend from 2012 to 2017. The Therapeutic Radioisotopes is enjoying more and more market share.
Radiopharmaceuticals are widely used in Oncology, Cardiology and Other disease diagnosis and treatment. The most of radiopharmaceuticals is used in Oncology, and the sales proportion in 2016 is about 60%.
Over the next five years, LPI(LP Information) projects that Radiopharmaceutical will register a 8.7% CAGR in terms of revenue, reach US$ 8120 million by 2023, from US$ 4940 million in 2017.
Global Radiopharmaceutical Market: Key Players
Bracco Imaging
Bayer
Mallinckrodt
Nordion
Triad Isotopes
Lantheus
IBA Group
GE Healthcare
China Isotope & Radiation
Jubilant Pharma
Eli Lilly
Advanced Accelerator Applications
SIEMENS
Dongcheng
Navidea
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Related Information:
United States Radiopharmaceutical Market Research Report 2018
Europe Radiopharmaceutical Market Research Report 2018
North America Radiopharmaceutical Market Research Report 2018
Asia-Pacific Radiopharmaceutical Market Research Report 2018
China Radiopharmaceutical Market Research Report 2018
EMEA Radiopharmaceutical Market Research Report 2018
Global Radiopharmaceutical Market Research Report 2018
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