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Radiopharmaceuticals Market Size & Share to grow at a CAGR of 8.0% from 2021-2027 | Valuates Reports

01-10-2022 01:23 PM CET | Health & Medicine

Press release from: Valuates Reports

Radiopharmaceuticals Market Size & Share to grow at a CAGR of 8.0%

In 2020, the global Radiopharmaceuticals market size was US$ 6260.1 million and it is expected to reach US$ 10730 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 8.0% during 2021-2027. An increase in the number of cancer cases and cardiovascular disease, growing demand for targeted cancer treatment dependent on alpha radioimmunotherapy, increasing demand for nuclear imaging techniques, and developments in radiotracer treatment are anticipated to boost the radiopharmaceuticals market size.

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Radiopharmaceuticals play an important role in the treatment of different diseases by providing a deeper understanding of the staging of diseases. Radiopharmaceuticals linked to chemical compounds allow the analysis of a particular physiological cycle. Advantages such as high efficacy and noninvasive external monitoring are expected to increase the radiopharmaceutical's market size.

North America is expected to hold the largest radiopharmaceuticals market share. The significant share can be attributed to the advancement of innovative technologies in the region for the manufacture of radioisotopes, government support, and company initiatives.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1Y270/radiopharmaceuticals

The major players in the global Radiopharmaceuticals market include Bracco Imaging, Bayer, Mallinckrodt, etc. The top 3 players hold over 40% of global market shares. North America and Europe are the main markets, they occupy over 70% of the global market. Diagnostic Radioisotopes is the main type, with a share about 90%. Oncology is the key application, which holds over 60% of shares.

Radiopharmaceuticals Market by Type
➣Diagnostic Radioisotopes
➣Therapeutic Radioisotopes

Radiopharmaceuticals Market by Application
➣Oncology
➣Cardiology
➣Other

Radiopharmaceuticals Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

Major Players in the Radiopharmaceuticals Market
➣Bracco Imaging
➣Bayer
➣Mallinckrodt
➣Nordion
➣Triad Isotopes
➣Lantheus
➣IBA Group
➣GE Healthcare
➣China Isotope & Radiation
➣Jubilant Pharma
➣Eli Lilly
➣Advanced Accelerator Applications
➣SIEMENS
➣Dongcheng
➣Navidea

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