The Global Alpha Emitter Market Size and Share of Top Companies 2023: Future Growth and Forecast 2030
Alpha emitters are useful in the therapy of cancer. Alpha particles have been widely used in medical studies due to their limited range and high LET (deposit energy per unit length of route). Prostate cancer, melanoma, pancreatic cancer, ovarian cancer, thyroid, bone metastasis, lymphoma, endocrine tumors are among of the malignancies that are treated using alpha emitters. The treatment method employs a variety of radionuclides, including terbium (Tb-149), astatine (At-211), bismuth (Bi-212), actinium (Ac-225), radium (Ra-223), lead (Pb-212), bismuth (Bi -213). Increased awareness of the potential advantages of targeted alpha treatment, as well as the rising number of patients with cardiac and cancer diseases, are driving market growth. Alpha emitters plays important role in the cancer treatment. Coronavirus disease 2019 (COVID19) is an acute respiratory infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARSCoV2). Largely unknown before the outbreak began in Wuhan, China, in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020. The COVID-19 pandemic has led to major changes in the clinical operations of radiology departments worldwide. In parallel with clinical preparedness activities, academic medical centers and universities were rushed to shut down scientific research activities to maximize social distancing and minimize the spread of infection to research staff and others with whom they might have contact.The COVID-19 pandemic has created havoc worldwide; the outbreak has disrupted operations of healthcare systems globally. As a result, hospitals have ramped up testing efforts in an effort to save lives and minimize the spread of the virus. The financial challenges caused by COVID-19 forced governments across the globe to enforce budget cuts. Moreover, the pandemic resulted in lower patient volumes for nuclear medicine procedures and canceled elective procedures, creating a cash crunch for hospitals. Major drivers contributing to growth of the market are increasing incidences of cardiac & cancer ailments, increased awareness about the potential benefits of targeted alpha therapy and increasing availability of radiopharmaceuticals. Targeted cancer therapy or alpha (TAT) is gaining popularity as the prevalence of cancer and cardiovascular disease increases. Consumers are now more and more aware of the potential benefits of therapies aimed at curing such ailments. Alpha emitter radionuclide is considered to be a new approach to tackle cancer and related issues. Immunotherapy with radio with high efficiency short-range alpha particles is a surprising and promising therapeutic approach. The particles have an advantage in targeted therapy because of their exceptional ability to kill cells. Alpha emitters are currently used in the process of Targeted Alpha Therapy (TAT), where in an alpha emitter radionuclide exposes a certain amount of radiation dose to tumor cells, at a very early stage or in the state of metastasis, and destroy the respective cancer cells. In contrast to chemotherapy, TAT allows easy discrimination between the healthy cells and cancer cells. This is helpful in reducing the side effects associated with Chemotherapy. Alpha emitter provides many advantages when compared to beta emitters and photon therapy, making it an increasingly preferred mode of treatment. As a result, this has caught the attention of major players interested in capitalizing the market potential. Overall, targeted anticancer or alpha therapy (TAT) is gaining popularity with the increasing prevalence of cancer and cardiovascular diseases. Companies are now increasingly aware of the potential benefits of targeted therapies to treat several chronic ailments. Shorter life of radiopharmaceuticals, need for high capital investment, stringent regulatory framework and reimbursement issues are the major factors impacting market growth. The short half-life of radiopharmaceuticals reduces their potential adoption, while hospital budget cuts and high equipment prices are expected to limit market growth to a certain extent. The expiry of a radiopharmaceutical primarily depends on the half-life of the radioisotope and the content of the radionuclide. The non-utilization of radioisotopes within the prescribed shelf life causes radiation and chemical decomposition, reducing radiochemical purity to an unacceptable form, which may prove fatal during diagnosis and therapy. Moreover, nontargeted healthy cells are damaged, via radiation-induced death or stress of neighbouring cells. This is the disadvantage of alpha emitters therapy and restraining factor of the global market. In 2021, the share of the Alpha Emitter market in North America stood at 49.16%. Bayer AG is one of the major players operating in the Alpha Emitter market, holding a share of 56.97% in 2021.
Alpha Emitter market reached a value of USD 702.36 million in 2022. It's expected that the market will achieve USD 2006.64 million by 2028, exhibiting a CAGR of 19.12% during the forecast period.
A thorough understanding of the Pharmaceuticals sector and its commercial potential is the aim of the market study. The Alpha Emitter Market Report has 127 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.
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Leading Players in the Alpha Emitter Industry:
Alpha Tau Medical
To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.
Based on Type:
Bismuth (Bi -213
Based on Application:
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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Alpha Emitter market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Alpha Emitter market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23298722
Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Organization: Precision Reports
Phone: US: +1 424 253 0807 | UK: +44 203 239 8187
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.
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