Press release
Lutetium-177 (Lu-177) Research:CAGR of 14.7% during the forecast period
Lutetium-177 (Lu-177) is a radioactive isotope of lutetium, a rare-earth metal with the atomic number 71. It has a half-life of approximately 6.6 days and emits beta and gamma radiation. Lutetium-177 is used in nuclear medicine for the treatment of various cancers, such as neuroendocrine tumors, breast cancer, and prostate cancer. It is often combined with other radionuclides or chelating agents to form radiolabeled tracers for imaging or therapeutic purposes. Targeted cancer therapy: Lu-177 can be used to treat somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors. It achieves targeted therapy of tumors by binding to somatostatin receptors on the tumor surface. Prostate cancer treatment: Lu-177 can combine with prostate-specific membrane antigen (PSMA) to form Lu-177 PSMA, which is used to treat advanced prostate cancer. This treatment shrinks or kills tumor cells and relieves pain and other clinical manifestations of metastatic prostate cancer. Neuroendocrine tumor treatment: Neuroendocrine tumors express somatostatin receptors, so Lu-177 can bind to these receptors to achieve targeted therapy of tumors. Compared with traditional cancer treatments, Lu-177 treatment reduces hospital stay, does not affect healthy tissue, and is safe and well-tolerated.
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Lutetium-177 (Lu-177) Market Summary
Lutetium-177 (Lu-177) is a radioactive isotope of lutetium, a rare-earth metal with the atomic number 71. It has a half-life of approximately 6.6 days and emits beta and gamma radiation. Lutetium-177 is used in nuclear medicine for the treatment of various cancers, such as neuroendocrine tumors, breast cancer, and prostate cancer. It is often combined with other radionuclides or chelating agents to form radiolabeled tracers for imaging or therapeutic purposes.
Targeted cancer therapy: Lu-177 can be used to treat somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors. It achieves targeted therapy of tumors by binding to somatostatin receptors on the tumor surface.
Prostate cancer treatment: Lu-177 can combine with prostate-specific membrane antigen (PSMA) to form Lu-177 PSMA, which is used to treat advanced prostate cancer. This treatment shrinks or kills tumor cells and relieves pain and other clinical manifestations of metastatic prostate cancer.
Neuroendocrine tumor treatment: Neuroendocrine tumors express somatostatin receptors, so Lu-177 can bind to these receptors to achieve targeted therapy of tumors. Compared with traditional cancer treatments, Lu-177 treatment reduces hospital stay, does not affect healthy tissue, and is safe and well-tolerated.
The global market for Lutetium-177 (Lu-177)-based drugs is expanding rapidly, primarily driven by their effectiveness in treating cancers like neuroendocrine tumors (GEP-NETs) and advanced prostate cancer. Market growth is being fueled by the increasing prevalence of these cancers, rising demand for targeted therapies, and the development of new Lu-177 radiopharmaceuticals.
North American market for Lutetium-177(Lu-177) is estimated to increase from $ 1.33 billion in 2023 to reach $ 4.25 billion by 2030, at a CAGR of 15.81% during the forecast period of 2024 through 2030.
Regionally, North America and Europe lead the market due to robust healthcare infrastructures and high rates of regulatory approvals. However, the Asia-Pacific region is expected to see the fastest growth due to expanding healthcare investments and rising cancer incidence. Key market players continue to invest in expanding production capacity, and new entrants are gradually entering the market, ensuring a steady supply of Lu-177 for medical use as global demand increases.
Currently, there is only one Lu-177 drug market participant, Novartis, which acquired the relevant technology by acquiring Advanced Accelerator Applications and formed a market monopoly through patents. Currently, the only company that can pose a threat to it is Eli Lilly, which acquired the relevant product technology by acquiring POINT Biopharma, but it is still in the testing stage, and Novartis is challenging its patent infringement through legal proceedings. It is expected that Novartis will maintain a high leading position in the next few years until other companies bypass its patent defense.
According to the new market research report "Global Lutetium-177 (Lu-177) Market Report 2024-2030", published by QYResearch, the global Lutetium-177 (Lu-177) market size is projected to reach USD 5.19 billion by 2030, at a CAGR of 14.7% during the forecast period.
Global Lutetium-177 (Lu-177) MarketSize(US$ Million), 2019-2030
241219-170624.webp (13 KB)
Above data is based on report from QYResearch: Global Lutetium-177 (Lu-177) Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Global Lutetium-177 (Lu-177) Top1Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
241219-170653.webp (10 KB)
Above data is based on report from QYResearch: Global Lutetium-177 (Lu-177) Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Lutetium-177 (Lu-177) include Norvatis. In 2023, the global top 1 player had a share approximately 100.0% in terms of revenue.
Lutetium-177 (Lu-177),Global Market Size, Split by Product Segment
241219-170716.webp (22 KB)
Based on or includes research from QYResearch: Global Lutetium-177 (Lu-177) Market Report 2024-2030.
In terms of product type, currently Lu 177 Vipivotide Tetraxetan is the largest segment, hold a share of 61.8%.
In terms of product application, currently Prostate Cancer is the largest segment, hold a share of 60.6%.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Lutetium-177 (Lu-177) market is segmented as below:
By Company
Advanced Accelerator Applications (Novartis)
Eckert & Ziegler Strahlen
SHINE Technologies
ANSTO
NTP Radioisotopes
Segment by Type
Non-carrier-added
Carrier-added
Segment by Application
Nuclear Therapy
Others
Each chapter of the report provides detailed information for readers to further understand the Lutetium-177 (Lu-177) market:
Chapter 1: Introduces the report scope of the Lutetium-177 (Lu-177) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Lutetium-177 (Lu-177) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Lutetium-177 (Lu-177) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Lutetium-177 (Lu-177) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Lutetium-177 (Lu-177) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Lutetium-177 (Lu-177) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Lutetium-177 (Lu-177) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Lutetium-177 (Lu-177) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Lutetium-177(Lu-177) Market Research Report 2024
Global and China Lutetium-177 (Lu-177) Market Report & Forecast 2024-2030
Global Lutetium-177 (Lu-177) Market Insights, Forecast to 2030
Global Lutetium-177 (Lu-177) Market Research Report 2024
Global Lutetium-177 (Lu-177) Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Lutetium-177 (Lu-177) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Lutetium-177 (Lu-177) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Lutetium-177 (Lu-177) - Global Market Insights and Sales Trends 2024
Global Lutetium-177 (Lu-177) Market Research Report 2023
Global Lutetium-177 (Lu-177) Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Lutetium-177 (Lu-177) Market Insights, Forecast to 2029
Global Lutetium-177 (Lu-177) Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
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