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Nuclear Medicine/Radiopharmaceuticals Market Size, Share, Industry Trends, Demand, Statistics, Competitive Analysis And Forecast Year 2018-2027
Nuclear Medicine/Radiopharmaceuticals Market
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Top Key Players Include, Cardinal Health, IBA Worldwide, Curium, GENERAL ELECTRIC, Bayer AG, Positron Corporation, NTP Radioisotopes SOC Ltd, Bracco, Lantheus Medical Imaging Inc., and Advanced Accelerator Applications.
Global nuclear medicine/radiopharmaceuticals market, based on the applications, was segmented as, diagnostic applications and therapeutic applications. In 2018, the diagnostic applications segment held a largest market share of 70.6% of the radiopharmaceuticals market, by applications. This segment is also expected to dominate the market in 2027 owing to availability of diagnostic devices and ease offered by these devices for diagnosis of various disorders. Moreover, increasing incidences of cardiac diseases, cancer, and neurological disorders are expected to fuel the demand for better diagnosis of these disorders. Also, nuclear medicine provide better diagnostic information about the functioning of a specific organ, as it uses radiation. Hence, owing to the above statements, this segment is also anticipated to witness the growth at a significant rate during the forecast period, 2018 to 2027.
The report analyzes factors affecting Nuclear Medicine/Radiopharmaceuticals market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Nuclear Medicine/Radiopharmaceuticals market in these regions.
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Strategic Insights
There have been limited developments made in the nuclear medicine/radiopharmaceuticals market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of nuclear medicine/radiopharmaceuticals. For instance, during February 2019, Advanced Accelerator Applications S.A. (AAA), a Novartis company received Health Canada approval for its Lutathera for the treatment of metastatic, well-differentiated, somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs) in adults with progressive disease. Also, during November 2017, Cardinal Health and Shanghai Pharmaceuticals Holding Co., Ltd. signed an agreement to sell its China Business.
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