Technetium-99m Market Comprehensive Analysis and Future Estimations by 2030

The Technetium-99m Market size is expected to grow from US$ 4.268 billion in 2022 to US$ 6.072 billion by 2030; it is anticipated to record a CAGR of 4.5% from 2022 to 2030.

Based on the technetium-99m market analysis, key factors driving the market are the high prevalence of chronic diseases and advancements in nuclear imaging techniques. However, the short shelf-life of radiopharmaceuticals hinders the technetium-99m market growth.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00080786?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Lantheus Medical Imaging Inc
2. Curium
3. Jubilant Pharma Company
4. NorthStar Medical Radioisotopes LLC
5. Sun Pharmaceutical Industries Inc
6. Advancing Nuclear Medicine
7. NTP Radioisotopes SOC Ltd
8. Northwest Medical Isotopes LLC
9. SHINE Technologies LLC
10. Cardinal Health

In this report, the market has been segmented on the basis of:

Application Area
• Cardiovascular
• Bone Scan
• Respiratory
• Tumor Imaging

End User
• Hospitals
• Diagnostic
• Imaging Centers

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/technetium-99m-market

Market Drivers of the Technetium-99m Market

The use of nuclear medical techniques is rapidly expanding owing to the adoption of SPECT for accurate disease detection, localization, and characterization. SPECT is one of the most advanced nuclear medicine imaging procedures used in clinical settings as it efficiently shows blood flow and areas of the brain or parts of bone affected by cancer. The World Nuclear Association estimates that around 40 million nuclear medicine procedures use technetium-99 (Tc-99m) to diagnose diseases and provide targeted treatment worldwide. These approaches have also been used in various fields, including immunology, gastroenterology, cardiology, cancer, neurology, and psychiatry, for medical diagnosis. Advanced nuclear medicine and modern imaging technologies enable physicians to diagnose diseases more accurately and quickly. Furthermore, the continuous development of new radiopharmaceuticals for the SPECT/CT platforms used in novel clinical applications such as neurology and orthopedics and the increasing accuracy of different tumor staging methods contribute to the technetium-99m market growth.

Restraint of the Technetium-99m Market

The short shelf-life of radiopharmaceuticals hampers the market growth. The shelf-life of radiopharmaceuticals depends mainly on the radioisotopes' half-life, radiochemical stability, and the concentration of radionuclide impurities in the preparation. Most radiopharmaceutical preparations contain radioisotopes with very short half-lives. For example, technetium-based and SPECT preparations must be used within 6 hours of preparation. The shelf-life of a multidose radiopharmaceutical preparation after aseptic withdrawal of the first dose depends on microbiological considerations. In case of a short half-life of radionuclides, the diagnostic radiopharmaceuticals are usually prepared in the hospital radiopharmacy departments just before the administration to patients. For example, the half-life of technetium-99m is 6 hours, and does not remain in the body for long. Therefore, short-lived radiopharmaceuticals are becoming a matter of concern in long-term procedures, which is a major factor restraining the technetium-99m market growth.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00080786?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.