Potential Opportunities of Nuclear Medicines Radioisotopes Market

Rising demand for PET scans and nuclear medicines will primarily drive the global nuclear medicines radioisotopes market growth. Fortune Business Insights shares an in-depth market analysis in its report, titled "Nuclear Medicines Radioisotopes Market Size, Share and Global Trend By Product Type (Diagnostics, Therapeutic), By Application (Oncology, Gastroenterology, Neurology, Orthopedics, Others), By End-user (Hospitals, Diagnostic centers, Specialty clinics, Education and research institutes, Others) and Geography Forecast till 2026". Comprehensive information regarding market trends and factors that will influence the market during the forecast period.

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Leading Players operating in the Nuclear Medicines Radioisotopes Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Siemens Healthcare Private Limited
o Bayer
o Hologic
o Cardinal Health
o Positron Corporation
o General Electric Company
o Aenorasis

Steadily Climbing Demand for Advanced Diagnostic Techniques to Fuel the Market

According to the World Nuclear Association, diagnostic methods employing radioisotopes has become commonplace the world over. The organization also reveals that the demand for radioisotopes is increasing by 5% annually, with the number of nuclear medicines procedures exceeding 40 mn. This bodes well for the global nuclear medicines radioisotopes market size as the demand for PET scans and nuclear medicinal procedures make the market more lucrative.

Furthermore, cancer cases are rising at an astonishing rate. The WHO predicts that cancer cases will reach 29.5 mn by 2040. The global nuclear medicines radioisotopes market stands to gain, since nuclear medicines are highly efficient in diagnosing almost all types of cancer at an early stage. Nuclear medicines are also highly potent in treating cancers and providing palliative care. For example, cancer-induced bone aches can be treated using strontium-89.

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Proactive Government Initiatives to Make the Market Dynamic

In order to ensure supply of molybdenum-99, the National Nuclear Security Administration of the US entered into an agreement with four companies in early 2019. Such collaborations between the government and the private sector are expected to enhance the global nuclear medicines radioisotopes market potential. Innovations by major companies have also boosted the market. For example, Positron Corporation developed a novel flourine-18 labeled PET tracer to detect blood clots.
Decisive Government Actions to Put North America in a Dominant Position

Government support and rising cases of cancer in North America will enable the region to hold a significant portion of the global nuclear medicines radioisotope market share. In Europe and Asia-Pacific, increasing adoption of radioisotopes for diagnostic purposes is expected to propel the market in these regions.

Reasons to Purchase this Report:

o Comprehensive analysis of the Nuclear Medicines Radioisotopes Market growth drivers, obstacles, opportunities, and other related challenges.
o Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
o Identifies market restraints and boosters.
o Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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KEY QUESTIONS ANSWERED:

o What are the key technological and Nuclear Medicines Radioisotopes Market trends shaping the market?
o What are the key opportunities in the market?
o What are the key companies operating in the market?
o Which company accounted for the highest market share?
o Why Choose Fortune Business Insights?
o What is the market size and growth rate of the global and regional market by various segments?
o What is the market size and growth rate of the market for selective countries?
o Which region or sub-segment is expected to drive the market in the forecast period?
o What Factors are estimated to drive and restrain the Nuclear Medicines Radioisotopes Market growth?

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