Radiopharmaceuticals Market to Reach $16.4 Billion and Growing at a CAGR of 10.6% by 2031

Radiopharmaceuticals Market 2024-2031 Forecast: Unveiling Opportunities and Growth

Global Radiopharmaceuticals Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Radiopharmaceuticals Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.

According to Insider Market Research, the Radiopharmaceuticals Market size is estimated to increase by USD 16.4 Billion at a CAGR of 10.6% from 2024 to 2031. Currently, the market value is pegged at USD 7.9 Billion.

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Key Players in the Radiopharmaceuticals market:
ITM Isotope Technologies Munich SE, GE Healthcare, Clarity Pharmaceuticals, Isotopia Molecular Imaging, Novartis AG, NorthStar Medical Radioisotopes, Eckert & Ziegler, Eli Lilly and Company, The State Atomic Energy Corporation ROSATOM, Eczacibasi, PRECIRIX, Jubilant Pharmova Limited, Curium Pharma, South African Nuclear Energy Corporation (Necsa), Cardinal Health, Lantheus, Bayer AG, Bracco, Actinium Pharmaceuticals, Inc., Fusion Pharmaceuticals Inc., Telix Pharmaceuticals Limited, SOFIE, Nihon Medi-Physics Co. Ltd.

Market Leaders & Development Strategies:

On June 21, 2024, Bayer AG, in collaboration with Charite - Universitatsmedizin Berlin, unveiled plans for the establishment of the Berlin Center for Gene and Cell Therapies. This initiative is receiving significant financial backing and support from both the German Federal Government and the State of Berlin. The joint effort aims to accelerate the delivery of ground breaking gene and cell therapies to patients, while also fostering a prominent biotech ecosystem for innovative treatments in Berlin.

On May 30, 2024, Bayer AG and BlueRock Therapeutics LP, a clinical-stage cell therapy company and a wholly owned subsidiary of Bayer AG, announced that the U.S. Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy (RMAT) designation to BlueRock's investigational cell therapy, bemdaneprocel, for the treatment of Parkinson's disease.

Market Drivers:
Advancements in Diagnostic Technologies
Increasing Incidence of Cancer and Cardiovascular Diseases
Growing Aging Population

Market Restraints:
High Cost of Radiopharmaceuticals
Short Half-Life of Radiopharmaceuticals

Market Opportunities:
Emerging Applications in Neurological Disorders
Advancements in Targeted Radiopharmaceutical Therapy

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Market Segmentation & Coverage:

This research report categorizes the Radiopharmaceuticals Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on End User: The market is segmented into Hospitals and Clinics, Medical Imaging Centers, Others.

Based on Radioisotope: The market is segmented into Technetium 99m, Gallium 68, Iodine I, Fluorine 18, Copper 64, Strontium 89, Yttrium 90, Radium 223, Actinium 225, Lutetium 177, Copper 67, Terbium 161, Zirconium 89, Others.

Based on Application: The market is segmented into Cancer, Prostate Cancer, Breast Cancer, Gastrointestinal Cancer, Lung Cancer, Brain Tumors, Cardiology, Neurological Applications, Other Applications.

Based on Type: The market is segmented into Diagnostic, Therapeutic.

Radiopharmaceuticals Market Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Radiopharmaceuticals in these regions, covering

North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

** Note - This report sample includes:

Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Insider Market Research

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)

• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

• Technological (Changes in digital or mobile technology, automation, research, and development)

• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

•Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Key takeaways from the Radiopharmaceuticals Market report:

• Detailed consideration of Radiopharmaceuticals industry-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.

• In-depth study of industry strategies for growth of the Radiopharmaceuticals market-leading players.

• Radiopharmaceuticals market latest innovations and major procedures.

• Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.

• Conclusive study about the growth conspiracy of Radiopharmaceuticals market for forthcoming years.

Direct Contact:
Greta Richards
Business Development Manager
Insider Market Research
+1 614 385 1709
Email: greta@insidermarketresearch.com
Website: https://www.insidermarketresearch.com/

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