What's the next big thing in the Radiopharmaceuticals Market...? Positron Corporation, GE Healthcare, Mallinckrodt plc, Lantheus Holdings, Inc., and Nordion, Inc

Presence of radiopharmaceuticals in cancer medications has increased as research institutes have derived ways in which radioisotopes can impede the maturation of malignant tumour, cells and tissues.

Increasing significance of radiotracers in therapeutic care of cancer and cardiovascular diseases has also impacted the growth in demand for radiopharmaceuticals.

In a recent report published by Future Market Insights, the global radiopharmaceuticals revenues in 2016 reached an estimated US$ 4,800 million value, and are anticipated to close in on US$ 8,500 million by the end of 2026. In terms of revenue, the global radiopharmaceuticals market is projected to soar steadily at 5.9% CAGR.

Future Market Insights predicts that shorter half-life of radiopharmaceuticals, and lack of specified guidelines for their use in commercial-scale drug production will restrict the market from growing at higher rate. In the years to come, ageing research reactors from all corners of the world will be closed, which will significantly bring down global production of radiopharmaceuticals. With respect to sourcing these radiopharmaceuticals, the report predicts that nuclear reactors have accounted for more than 60% of global market revenues till date. Shutting down these reactors, however, has propelled the installation of cyclotrons, which are also a feasible source for radioisotopes. Hence, sales of radiopharmaceuticals derived from cyclotrons will continue to increase, amassing more than US$ 6,500 million by the end of 2026.

Download to Browse Report Customization @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1992

Surging Demand for Technetium-99 Radioisotope

Production of radiopharmaceuticals can be classified into several key radioisotopes, the prominent ones include, fluorine-18, leutetium-177, gallium-68, gallium-67 and technetium-99. In 2016, sales of radiopharmaceuticals constituting technetium-99 amassed revenues worth over US$ 2,200 million, globally. By the end of 2026, fluorine-18 radioisotope will continue to account for 16% of global radiopharmaceuticals revenues. On the other hand, global radiopharmaceutical revenues accounted by leutetium-177, gallium-68 and gallium-67, respectively, will soar at more than 6% CAGR through 2026.

North America – Dominant Region for Sales of Radiopharmaceuticals

Access to advanced medical facilities, highly-trained professionals and lucrative healthcare expenditure adds up to make North America the most dominant region in global radiopharmaceuticals market. North America’s radiopharmaceuticals revenues will grow at more than 6% CAGR, accounting for nearly 50% of global revenues by the end of 2026. Companies such as Positron Corporation, GE Healthcare, Mallinckrodt plc, Lantheus Holdings, Inc., and Nordion, Inc., are observed to be leading players in global radiopharmaceuticals market, and are all based across North America.

Siemens Healthineers is slated to remain the most dominant company in the global radiopharmaceuticals market, accounting for over 40% of global revenues. Due to participation of Siemens and companies such as Advanced Accelerator Applications (France), Bayer AG (Germany), IBA Radiopharma Solutions (Belgium) and Eckert & Zeigler (Germany), Western Europe’s radiopharmaceuticals market is also expected to expand progressively and close in on US$ 1,600 million valuation by the end of 2026.

Download Historical Data Points of Report @ https://www.futuremarketinsights.com/askus/rep-gb-1992

Radiopharmaceuticals – Scope for Application & End-use

Favourable growth opportunities for radiopharmaceutical manufacturers from around the world are sited in therapeutic applications such as oncology, cardiology, neuroendocrinology, and neurology, among others.

In 2017 and beyond, consumption of radiopharmaceuticals for oncological procedures will gain traction, registering revenue growth at 6% CAGR.

On the other hand, radiopharmaceuticals consumed by neurological studies & treatment procedures will surge at the highest rate, surpassing US$ 700 million valuation by 2026-end.

Another key insight offered in the report suggests that radiopharmaceuticals used by diagnostic imaging centres will increase over the forecast period.

Nevertheless, every second radiopharmaceutical product manufactured in the world will be used by hospitals.

Buy Full Report Now @ https://www.futuremarketinsights.com/checkout/1992

Radiopharmaceuticals Market Reports - Table of Contents

1. Executive Summary
2. Market Introduction
3. Global Radiopharmaceuticals Market Analysis Scenario
4. Market Dynamics
5. Global Radiopharmaceuticals Market Analysis and Forecasts, By Radioisotope
6. Global Radiopharmaceuticals Market Analysis and Forecasts, By Application
7. Global Radiopharmaceuticals Market Analysis and Forecasts, By Source
8. Global Radiopharmaceuticals Market Analysis and Forecasts, By End User
9. Global Radiopharmaceuticals Market Analysis and Forecasts, By Region
10. North America Radiopharmaceuticals Market Analysis and Forecast
11. Latin America Radiopharmaceuticals Market Analysis and Forecast
12. Westren Europe Radiopharmaceuticals Market Analysis and Forecast
13. Eastern Europe Radiopharmaceuticals Market Analysis and Forecast
14. APAC Radiopharmaceuticals Market Analysis and Forecast
15. Japan Radiopharmaceuticals Market Analysis and Forecast
16. MEA Radiopharmaceuticals Market Analysis and Forecast
17. Competition Landscape
18. Assumptions and Acronyms Used
19. Research Methodology

Contact Us
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

This release was published on openPR.