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Radiopharmaceuticals Market 2021 Competitive Analysis and Precise Outlook - Siemens Healthcare Private Limited; Bayer; GE Healthcare; Novartis AG; Cardinal Health
Global Radiopharmaceuticals Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Radiopharmaceuticals data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as Siemens Healthcare Private Limited; Bayer; GE Healthcare; Novartis AG; Cardinal Health; Lantheus Medical Imaging Inc.; Bracco Imaging S.p.A.; Nordion Inc. (A Subsidiary of Sterigenics International); Mallinckrodt plc; Curium; Eckert & Ziegler; Eli Lilly.
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The global radiopharmaceuticals market is expected to grow from $4.78 billion in 2020 to $5.12 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.75 billion in 2025 at a CAGR of 7%.
Market Overview:
The high cost of radiopharmaceuticals is anticipated to limit the growth of the market. High costs and short half-life of radiopharmaceuticals are reducing their implementation in hospitals and clinics. The development cost of radiopharmaceuticals is very high compared to that of therapeutic drugs and also undergoes a very lengthy and expensive regulatory process. For instance, the cost of diagnostic radiopharmaceuticals development is $100 to $200 million for 8-10 years in comparison with the cost of pharmaceuticals, which ranges between $600 million to $1.2 billion for 10-12 years. Therefore, the high cost of radiopharmaceuticals is likely to act as a major restraint for market growth.
Research collaborations and partnerships are gaining significant popularity in the radiopharmaceuticals market over recent years. Major companies operating in the radiopharmaceuticals market are collaborating with other industry players to conduct R&D activities to expand their business. For instance, in March 2020, Debiopharm, a Switzerland-based biopharmaceutical company, signed a research agreement with 3B Pharmaceuticals (3BP), a Germany-based biotechnology firm, to develop the Debio 0228 radioligand program, targeting CAIX (Carbonic Anhydrase 9) enzyme to fight the progression of cancer.
Many companies are adopting various strategic initiatives such as opening a new manufacturing facility and plant capacity expansion, which is gaining significant popularity in the radiopharmaceuticals market. For instance, in May 2019, ITM Isotopen Technologien Munchen AG (ITM) announced the launch of its new manufacturing facility in the Munich area to increase the production capacity of high-purity (n.c.a.) Lutetium-177 and no-carrier-added (n.c.a.) Lutetium-177 containing radiopharmaceuticals. Lutetium-177 is popular under brand EndolucinBeta and is an innovative isotope used in cancer therapy. This is the company’s step towards meeting the high demand for quality medical isotopes for precision oncology worldwide.
Market Scope:
1) By Type: Diagnostic; Therapeutic; Others
2) By Application: Oncology; Cardiology; Gastroenterology; Neuroendocrinnology; Neurology; Nephrology; Others
3) By End User: Hospitals; Ambulatory Surgical Centers; Diagnostic Centers; Cancer Research Institutes; Others
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05182898512/radiopharmaceuticals-global-market-report-2021-covid-19-growth-and-change-to-2030-including-1-by-type-diagnostic-therapeutic-others-2-by-application-oncology-cardiology-gastroenterology-neuroendocrinnology-neurology-nephrology-others-3-by-end-user-hospitals-ambulatory-surgical-centers-diagnostic-centers-cancer-research-institutes-others-covering-siemens-healthcare-private-limited-bayer-ge-healthcare-novartis-ag-cardinal-health?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
The study objectives of this report are:
To study and analyze the global Radiopharmaceuticals size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Radiopharmaceuticals by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Radiopharmaceuticals manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Radiopharmaceuticals with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Radiopharmaceuticals submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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