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Radiopharmaceuticals Market Revenue to Cross USD 13.7 Billion by 2032 | Curium Pharma, Eli Lilly and Company, General Electric Company, Iso-Tex Diagnostics, Inc., Jubilant Pharmova Limited

09-15-2023 04:09 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Radiopharmaceuticals Market Revenue to Cross USD 13.7 Billion

What is the value of the radiopharmaceutical market?

According to the report, the global radiopharmaceuticals industry generated $5.2 billion in 2022, and is anticipated to generate $13.7 billion by 2032, witnessing a CAGR of 10.2% from 2023 to 2032.

What are the major uses of radiopharmaceuticals?

Descriptions. Radiopharmaceuticals are agents used to diagnose certain medical problems or treat certain diseases. They may be given to the patient in several different ways. For example, they may be given by mouth, given by injection, or placed into the eye or into the bladder.

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Impact of Covid-19 on Radiopharmaceuticals Market

The COVID-19 outbreak had a negative impact on the growth of the global radiopharmaceuticals market.

The pandemic caused major disruptions to the production and supply of radiopharmaceuticals to nuclear medicine department, resulting in shortages of radiopharmaceuticals.

Market Segmentation:

By End User:

Hospitals and clinics
Medical Imaging centers
Others

By Radioisotope:

Iodine I
Gallium 68
Technetium 99m
Fluorine 18
By Application:

Cancer
Cardiology
Others

By Type:

Diagnostic
Therapeutic

By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Regional Growth Dynamics:

North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global radiopharmaceuticals market revenue and is likely to dominate the market during the forecast period, owing to presence of various radiopharmaceutical industries, rise in R&D activities for radiopharmaceuticals, and increase in number of product approvals. However, the Asia-Pacific region is expected to witness the fastest CAGR of 11.2% from 2023 to 2032, owing to increase in incidence of cancer, rise in demand for nuclear medicine, advancement in technology in medical sector, and rise in R&D activities for manufacturing of radiopharmaceuticals.

Key Findings of The Study:

On the basis of radioisotope, the Technetium-99m segment dominated the market in 2022.

On the basis of application, the cancer operated segment dominated the market in 2022.

On the basis of type, the diagnostic operated segment dominated the market in 2022.

On the basis of end user, the hospitals and clinics segment dominated the market in 2022.

On the basis of region, North America dominated the market in 2022. However, Asia-Pacific is expected to register highest CAGR during the forecast period.

Leading Market Players:

Cardinal Health Inc.
Curium Pharma
Eli Lilly and Company
General Electric Company
Iso-Tex Diagnostics, Inc.
Jubilant Pharmova Limited
Lantheus Holdings, Inc.
Novartis AG
Siemens AG
Bayer

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VALUE PROPOSITIONS RELATED TO THE REPORT:

Powered with Complimentary Analyst Hours and Expert Interviews with Each Report

Comprehensive quantitative and qualitative insights at segment and sub-segment level

Covid 19 impact trends and perspective

Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape

Winning imperatives

Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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