Nuclear Medicine Market 2021 Precise Outlook- Curium Pharma, Nordion, Inc. etc.

Nuclear Medicine Market Snapshot:

Nuclear medicine is a multidisciplinary field that specializes in radioactive material used for diagnosing and treating various diseases in neurology, endocrine system, cardiology, gastrointestinal system, and cancers. Radiopharmaceuticals comprise of a radioactive tracer that is injected in the patient's body. Later, the gamma-rays are released in the body to display images using the Single-photon Emission Computed Tomography (SPECT) and Positron emission tomography (PET) imaging modalities. Nuclear medicine offer umpteen benefits, including early detection, accurate diagnosis, and detail examination of different diseases compared to conventional imaging methods.

Globally, the prevalence of chronic diseases, such as cardiovascular diseases, cancer, respiratory disorders, neurological disorders, and metabolic disorders, are increasing at a concerning rate.  As per the Lymphoma Research Foundation, in the U.S., over 1, 00,000 people are diagnosed with lymphoma every year, and it is the most common cancers among children and adults.

The ongoing advancement in the field of radiopharmaceutical is providing practical insights for studying micro-level physiological activities in cancer proliferation, myocardial perfusion in cardiac arrest, ventilation in lungs in severe pneumonia, thyroid, and parathyroid stimulation in case of hyperthyroidism, and metabolic imaging in case of liver disorders, among others. Thereby, nuclear medicines are extensively used in the R&D activities for developing next-generation therapeutics using radiopharmaceuticals conjugates with antibodies, biologic drugs and peptides, targeted drug deliveries, and dose optimization, among others.

Jubilant Pharma signed a collaboration agreement with many distribution networks established in the U.S. to ensure a steady and long term supply of nuclear medicines. Similarly, Curium Pharma is heavily investing in the establishment of its own logistics and distribution network to deliver nuclear medicines across the globe. Recently, Lantheus Medical Imaging collaborated with Mallinckrodt plc to develop onsite technetium generators using Mo 99 radioisotope. In the U.S., the government is actively working to expedite the supply of nuclear medicines in the market and has formulated several acts for the same, including the American Medical Isotopes Production Act of 2011 and the U.S. Nuclear Regulatory Commission. All of the above mentioned activities are successfully bridging the gap between the demand and supply of nuclear medicines, which is further boosting the market growth.

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The Major Prominent Players Covered in this Report:
Curium Pharma, Nordion, Inc., Eckert & Ziegler Group, GE Healthcare, Bracco Imaging S.p.A, Bayer AG, Eczacıbaşı-Monrol Nuclear Products, Mallinckrodt plc, North Star Medical Radioisotopes, Sinotau Pharmaceuticals, SHINE Medical Technologies, and Global Medical Solutions, Ltd. & More.

The Nuclear Medicine Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Nuclear Medicine market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Nuclear Medicine market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

By Type, Diagnostic Nuclear Medicine, SPECT Radiopharmaceuticals, Technetium-99m, Thallium-201, Gallium-67, Iodine-123, Other SPECT Isotopes, PET Radiopharmaceuticals, F-18, Ru-82, Other PET Isotopes, Therapeutic Nuclear Medicine, Alpha Emitters, Ra-223, Beta Emitters, Iodine-131, Yttrium-90, Samarium-153, Lutetium-177, Rhenium-186, Other Beta Emitters, Brachytherapy Isotopes, Iodine-125, Palladium-103, Cesium-131, Iridium-192, Other Brachytherapy Isotopes,
By Application, Diagnostic Applications, SPECT Applications, Cardiology, Bone Scans, Thyroid Applications, Pulmonary Scans, Other SPECT Applications, PET Applications, Oncology, Cardiology, Neurology, Other PET Applications, Therapeutic Applications, Thyroid Indications, Bone Metastasis, Lymphoma, Endocrine Tumors, Other Indications,
By End-User, Hospitals, Imaging Centers, Academic and Research Centers, Others ,

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Nuclear Medicine in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Nuclear Medicine market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Nuclear Medicine and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Nuclear Medicine. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

 Recent Developments:
On 5th February 2019: Curium pharma and NRG Ltd signed an agreement for the production of Molybdenum-99, a parent radionuclide for TC 99m used in many nuclear medicines applications

On 2nd December 2019: Curium pharma acquired MAP Medical technology to expand its reach across Europe and to market its products in Nordic and Baltic countries

On 13th June 2019: Eczacýbaþý-Monrol collaborated with Telix Pharmaceuticals Limited to manufacture and distribute Nuclear medicines in Turkey and the Middle East and Africa.

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Key Questions Answered in The Report:
What will the Nuclear Medicine market growth rate?
What are the key factors driving the global Nuclear Medicine market?
Who are the key manufacturers in the Nuclear Medicine market space?
What are the market opportunities, market risk, and market overview of the Nuclear Medicine market?
What are sales, revenue, and price analysis of top manufacturers of the Nuclear Medicine market?
Who are the distributors, traders, and dealers of the Nuclear Medicine market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Nuclear Medicine Industry?
What are sales, revenue, and price analysis by regions of Nuclear Medicine industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Nuclear Medicine Market Trends:
- The report identifies, determines, and forecasts the Global Nuclear Medicine Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Nuclear Medicine Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Nuclear Medicine Market.

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