Press release
Fluorine-18 Market Size Will Estimated to Cross USD 3 Billion, Expanding at a CAGR of 7.5% by 2031 | TMR Research
Fluorine-18 Market
Fluorine-18 Market (불소-18 시장) is projected to cross US$ 3 Bn by 2030, expanding at a CAGR of 7.5% from 2021 to 2031.
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Overview of Fluorine-18 Market
The global Fluorine-18 market is segmented by application (oncology, cardiology, neurology, others), end user (hospitals, diagnostic centers, research institutions), and geographical regions. The market has experienced significant growth due to advancements in PET imaging technology, increased prevalence of chronic diseases, and the expanding applications of molecular imaging.
Top Companies:
Lantheus Holdings, Inc.
Siemens Healthineers
Advanced Accelerator Applications (a Novartis AG Company)
GE Healthcare (General Electric Company)
Blue Earth Diagnostics (A Bracco Imaging Company)
Jubilant Pharma Limited
China lsotope & Radiation Corporation
Eli Lilly and Company
Curium Pharma
Yantai Dongcheng Pharmaceutical Group Co., Ltd.
Recent Developments in Fluorine-18 Market
Recent advancements and trends in the Fluorine-18 market include:
Innovative Radiotracers: Development of new F-18 labeled radiotracers for improved imaging of various diseases, enhancing diagnostic accuracy.
Production Techniques: Advancements in cyclotron technology and automated synthesis modules, leading to more efficient and scalable production of Fluorine-18.
Regulatory Approvals: Increased regulatory approvals for new F-18 based radiopharmaceuticals, expanding their clinical use.
Hybrid Imaging: Integration of PET with other imaging modalities like CT and MRI for more comprehensive diagnostic information.
Research and Development: Ongoing R&D in F-18 applications for novel diagnostics and therapeutic monitoring.
Drivers of Market Growth
Several factors contribute to the growth of the Fluorine-18 market:
Growing Prevalence of Chronic Diseases: Increasing incidence of cancer, cardiovascular diseases, and neurological disorders driving demand for advanced diagnostic imaging.
Technological Advancements: Continuous improvements in PET imaging technology and radiotracer development enhancing diagnostic capabilities.
Aging Population: Growing aging population leading to higher demand for diagnostic imaging due to age-related diseases.
Healthcare Infrastructure: Expansion and modernization of healthcare infrastructure, particularly in emerging markets, facilitating greater access to advanced imaging technologies.
Research Funding: Increased funding for medical research and molecular imaging driving the development of new F-18 radiopharmaceuticals.
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Conclusion
The Fluorine-18 market is poised for significant growth, driven by the increasing prevalence of chronic diseases, technological advancements, an aging population, and the expansion of healthcare infrastructure. Innovations in radiotracer development, production techniques, hybrid imaging, and research funding are enhancing the market's potential.
Market Segmentation
Product
FDG
NaF
Others
End User
Hospitals
Diagnostic Centers
Others
Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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