Ytterbium-176 Market Market 2024 | Valuates Reports

Ytterbium-176 Market

Ytterbium-176 is a stable isotope used as starting material to produce Lutetium-177, which is used to treat prostate and other cancers with high success. Historically, Russia has been the world's primary producer of this isotope whose supply chain is fragile and inadequate to meet world demand.
The global Ytterbium-176 market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Radioisotopes are the unstable form of an element that emit radiation to transform into a more stable form. Radiation is easily traceable and can cause changes in the substance it falls upon. These special attributes make radioisotopes useful in medicine, industry and other areas. Most radioisotopes are artificially produced in research reactors and accelerators by exposing a target material to "intense particles," such as neutrons or protons, followed by different chemical processes to bring them into the required chemical form.

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Report Scope
The Ytterbium-176 market size, estimations, and forecasts are provided in terms of output/shipments (KG) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Ytterbium-176 market comprehensively. Regional market sizes, concerning products by Abundance, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Ytterbium-176 manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Abundance, by Application, and by regions.

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Segment by Abundance
• ＞98%
• ≤98%

Segment by Application
• Radiopharmaceuticals
• Science Research

By Company
Rosatom, DOE IP, Neonest AB, Atom Mines LLC, Kinectrics Inc., SHINE, CNNC

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This release was published on openPR.