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According to the report, the Nuclear Medicine Market was valued at USD 6.30 Bn in 2022, with an estimated growth rate of 14.7 Percent from 2023 to 2029, reaching nearly USD 16.47 Bn.
Nuclear Medicine Market
Nuclear Medicine is a medical specialty that utilizes radioactive tracers to assess bodily functions, diagnose, and treat diseases. It plays a vital role in various medical specialties such as cardiology, oncology, and neurology. The market offers a wide range of available radioisotopes with different energy emission levels and longer half-lives, making it an excellent choice for physicians at the forefront of medical advancements.
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The report outlines the research methodology used to collect secondary and primary data, making it the most authentic study available in the market for nuclear medicine. It includes detailed market analysis, investment trends, and infrastructure information specific to regions, providing deep insights into future market trends and opportunities. Porter and PESTEL analyses have thoroughly covered the Nuclear Medicine Market's ecosystem.
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Nuclear Medicine Market Dynamics:
The report emphasizes the significance of nuclear medicine in diagnosing and staging complex diseases like cardiovascular disease and cancer, as well as monitoring disease progression and treatment response. With an increased incidence and prevalence of cardiovascular disease and cancer worldwide, nuclear medicine is projected to experience substantial growth.
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The Nuclear Medicine Market is segmented into diagnostic and therapeutic products. Diagnostic products, including Single-Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET), hold the largest market share in 2022. The increasing patient population and the availability of cutting-edge technologies contribute to the segment's dominance. The therapeutic market is further segmented into brachytherapy, alpha emitters, and beta emitters. Recent advancements, such as the approval of diffusing alpha-emitters radiation therapy (DaRT) for recurrent glioblastoma multiforme, are driving the therapeutic segment's growth.
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Nuclear Medicine Market Regional Insights:
Regionally, North America leads the Nuclear Medicine Market with a 45.2 percent market share in 2022. The region's strong healthcare infrastructure, high volume of nuclear medicine treatments, and investments in research and development contribute to its significant market position. The report highlights the expansion plans of key players, such as Eckert & Ziegler, to meet the growing demand for radiopharmaceuticals in the United States.
Nuclear Medicine Market Segmentation
By Product Type:
• Diagnostic Radiotherapeutics
• Therapeutic Radiotherapeutics
By Application:
• Neurology
• Oncology
• Cardiology
• Others
By End-User:
• Hospitals
• Clinical Laboratories
• Diagnostic Centers
• Others
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Nuclear Medicine Market Key Competitors include:
• Cardinal Health Inc (US)
• GE HealthCare Technologies Inc (US)
• Jubliant Lifesciences (US)
• Lantheus Medical Imaging Inc. (US)
• Biodex Medical Systems, Inc. (US)
• Standard Imaging Inc. (US)
• Digirad Corporation (US)
• CMR Naviscan (US)
• Nordion Inc. (Canada)
• Bayer AG (Germany)
• Siemens Healthineers (Germany)
• SurgicEye GmbH (Germany)
• Curium (France)
• Advanced Accelerator Applications (France)
• Mallinckrodt Pharmaceuticals (UK)
• Bartec Technologies Ltd. (UK)
• Norgine B.V. (Netherland)
• Medtronic plc (Ireland)
• DDD-Diagnostic A/S (Denmark)
• Mediso Ltd. (Hungary)
• Neusoft Corporation (China)
• Canon Medical Systems Corporation (Japan)
• FUJIFILM Holdings Corporation (Japan)
• Cyclopharm (Australia)
• Bozlu Holding A.Ş (Turkey)
Table of Content for Nuclear Medicine Market
1. Global Nuclear Medicine Market: Research Methodology
2. Global Nuclear Medicine Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Nuclear Medicine Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Nuclear Medicine Market Segmentation
• Global Market, by Product Type (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by End-User (2021-2029)
5. Regional Nuclear Medicine Market (2021-2029)
• Regional Market, by Product Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by End-User (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product Type, Application and End-User
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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