Automated Radiosynthesis Modules Market 2019 Analysis by Key Players & Industry Size

Radiosynthesis modules are available as automated equipment for decentralized settings for the formulation and production of radiotracers. Majority of the radiotracers are manufactured in the centralized laboratories and radiopharmaceutical units. This scenario has few imitations such as it reduces the scope for customization of production of radiotracer and increases the time gap for the radiotracer to reach the end users.

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Automated Radiosynthesis Modules Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $32 million by 2022, registering a CAGR of 6.6% during the period 2016 - 2022. North America accounted for the largest share in terms of both market revenues and unit volumes, whereas the Asia-Pacific region is expected to witness the fastest growth rate during the forecast period.

Radiopharmaceuticals usage is increasing with the rise in adoption of PET (Positron Emission Tomography) and SPECT (Single-Photon Emission Computed Tomography) techniques. The demand for PET and SPECT for diagnosis and therapy monitoring is high owing to an increase in the mortality and morbidity rates of chronic diseases. To meet this growing need, production of scalable and effective radiotracer has become a necessity. Current production of radiotracer molecules is centralized and unfavorable for the end users. Favorable regulations are now opening the doors for production of radiotracer in decentralized settings driving the sales of automated radiosynthesis modules.

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Key Findings of Automated Radiosynthesis Modules Market
Over half of the automated radiosynthesis module market is concentrated in North America and expected to post modest growth from 2016 to 2022. Asia Pacific is expected to post the fastest growth at a CAGR of 9.2% during the forecast period. In terms of volume, North American automated radiosynthesis module market is expected to grow with a CAGR of 6.4%.
Cost of automated radiosynthesis modules in higher in Asia-Pacific compared to other regions.

North America generates the largest revenue with around three-fifth share in world automated radiosynthesis modules. While Asia-Pacific is expected to post the fastest growth at a CAGR of 9.2% during the forecast period. The growth is primarily attributed to the increasing footprint of the suppliers in Europe and Asia-Pacific.

Few of the key market players include GE Healthcare, Siemens Healthcare GmbH, IBA Radiopharma Solutions, Optimized Radiochemical Application, Synthra GmbH, and Eckert & Ziegler Group.

Chapter: 1 RESEARCH METHODOLOGY

1.1 Secondary research
1.2 Primary research
1.3 Analyst tools and models

Chapter: 2 MARKET OVERVIEW

2.1 Market definition and scope
2.2 Market dynamics
2.2.1 Drivers
2.2.1.1 Increasing adoption of PET & SPECT as vital diagnostic tools
2.2.1.2 Diverse applications of radiopharmaceuticals in the medical industry
2.2.2 Restraints
2.2.2.1 High cost is a barrier for adoption of automated radiosynthesis module
2.2.3 Opportunities
2.2.3.1 Funding and grants create market opportunity worldwide
2.3 Porter’s Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Buyers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitutes
2.3.5 Competitive Rivalry
2.4 Market Share Analysis, 2015

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