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Global Nuclear Medicine Market 2024 Internatinal Expansion, Segmentation, Outlook And Key Players Analysis Till 2033 | Bracco Imaging S.P.A., Lantheus Medical Imaging Inc., NTP Radioisotopes SOC Ltd., Eckert & Ziegler Group, Jubilant Pharma LLC
Nuclear Medicine Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the nuclear medicine industry. This report on nuclear medicine market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nuclear medicine market size has grown rapidly in recent years. It will grow from $7.75 billion in 2023 to $8.88 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to aging population, cancer diagnosis and staging, cardiology applications, neurological disorders, regulatory approvals.
The nuclear medicine market size is expected to see rapid growth in the next few years. It will grow to $14.1 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to personalized medicine, oncology and neurology research, sustainable practices, research and development, telemedicine services. Major trends in the forecast period include radioimmunotherapy, hybrid imaging, artificial intelligence (AI), emerging radiopharmaceuticals, diagnostic imaging advancements.
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Key Market Players:
Bracco Imaging S.P.A., Lantheus Medical Imaging Inc., NTP Radioisotopes SOC Ltd., Eckert & Ziegler Group, Jubilant Pharma LLC, Australian Nuclear Science & Technology Organization, Cardinal Health Inc., GE Healthcare Technologies Inc., Curium Pharma, Advanced Accelerator Applications USA Inc., Nordion Inc
Market Drivers:
According to the Nuclear Medicine Market Report 2024 by The Business Research Company, the increasing prevalence of chronic diseases is expected to propel the growth of nuclear medicine market going forward. Chronic disease refers to a form of illness that lasts for three months or more and can deteriorate with time. This rise in chronic conditions necessitates accurate and timely diagnostics, personalized treatment, and effective monitoring. Nuclear medicine offers advanced imaging techniques and therapeutic applications, making it a vital component in the management of chronic diseases. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the nuclear medicine market.
More information about the Global Nuclear Medicine Market Report -
https://www.thebusinessresearchcompany.com/report/nuclear-medicine-global-market-report
Market segments for template include:
1) By Type: Diagnostic, Therapeutic
2) By Application: Cardiology, Lymphoma, Thyroid, Neurology, Oncology, Other Application
3) By End-User: Hospitals and Clinics, Diagnostic Centers, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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