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Global Nuclear Medicine Radioisotopes Market to Reach $12.4 Billion by 2029, Growing at 8.5% CAGR
Nuclear Medicine Radioisotopes
The increasing prevalence of cardiovascular diseases is expected to propel the growth of the nuclear medicine radioisotope market. Cardiovascular diseases are rising due to sedentary lifestyles, poor diets, and an aging population. Nuclear medicine radioisotopes are crucial in diagnosing and managing these diseases by providing detailed insights into heart health. In September 2024, the British Heart Foundation reported that 7.6 million people in the UK suffer from heart-related diseases, driving the demand for nuclear medicine radioisotopes.
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What growth opportunities are expected to drive the nuclear medicine radioisotopes market's CAGR through 2034?
The nuclear medicine radioisotopes market has expanded strongly, growing from $8.21 billion in 2024 to $8.94 billion in 2025 at a CAGR of 8.9%. Growth has been fueled by the discovery of radioactivity, the emergence of nuclear medicine, expanded therapeutic applications, advancements in clinical research, and increasing patient demand for nuclear-based treatments.
The Nuclear Medicine Radioisotopes Market is set to expand to $12.4 billion by 2029, with a CAGR of 8.5%. Growth will be fueled by increased healthcare spending, infrastructure expansion, heightened awareness of environmental sustainability, educational campaigns, and the rise of medical tourism. Emerging trends include the development of new radioisotopes, improvements in production and supply chains, integration of microfluidics and lab-on-a-chip technology, AI-driven advancements in radiopharmaceuticals, and the application of nanotechnology in nuclear medicine.
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What are the emerging trends shaping the future of the nuclear medicine radioisotopes market?
Leading companies in the nuclear medicine radioisotopes market are innovating with products like the compact, low-energy cyclotron to improve radioisotope production and availability for medical diagnostics and therapies. In January 2022, IBA, a Belgium-based radiopharmaceutical company, launched the Cyclone Key, a compact accelerator designed to produce medical isotopes. The Cyclone Key offers efficient isotope production capabilities, ease of installation, and automated operation, enhancing the accessibility of diagnostic solutions.
Which growth-oriented segments of the nuclear medicine radioisotopes market are leading the industry's development?
The nuclear medicine radioisotopes market covered in this report is segmented -
1) By Type: Technetium-99m (Tc-99m), Thallium-201 (Tl-201), Iodine (I-123), Fluorine-18, Rubidium-82 (Rb-82), Iodine-131 (I-131), Lutetium-177 (Lu-177), Radium-223 (Ra-223) And Alpharadin, Other Types
2) By Application: Oncology, Cardiology, Thyroid, Neurology, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Specialty Clinics, Education And Research Institutes, Other End-Users
Subsegments:
1) By Technetium-99m (Tc-99m): Sodium Pertechnetate Tc-99m, Tc-99m MDP (Methylene Diphosphonate), Tc-99m HMPAO (Hexamethylpropyleneamine oxime)
2) By Thallium-201 (Tl-201): Thallous Chloride Tl-201, Thallium-201 for Cardiac Imaging
3) By Iodine-123 (I-123): Iodine-123 Sodium Iodide, Iodine-123 Ioflupane (DaTscan)
4) By Fluorine-18: FDG (Fluorodeoxyglucose) F-18, Fluoride-18 For Bone Imaging
5) By Rubidium-82 (Rb-82): Rb-82 For PET (Positron Emission Tomography) Imaging, Rb-82 For Cardiac Imaging
6) By Iodine-131 (I-131): I-131 Sodium Iodide, I-131 For Thyroid Cancer Treatment, I-131 For Hyperthyroidism Treatment
7) By Lutetium-177 (Lu-177): Lu-177-DOTATATE, Lu-177 For Prostate Cancer Treatment
8) By Radium-223 (Ra-223): Ra-223 Dichloride (Xofigo)
9) By Alpharadin (Radium-223 Alpha Emitters): Alpharadin For Bone Metastasis Treatment
10) By Other Types: Ac-225 For Targeted Alpha Therapy (TAT), Ac-225 For Cancer Treatment, Gallium-68 (Ga-68), Copper-64 (Cu-64), Yttrium-90 (Y-90)
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Which region dominates the nuclear medicine radioisotopes market?
North America was the largest region in the nuclear medicine radioisotopes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nuclear medicine radioisotopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the nuclear medicine radioisotopes market?
Major companies operating in the nuclear medicine radioisotopes market are Cardinal Health Inc., Bayer AG, Siemens Healthineers AG, GE HealthCare Technologies, BWX Technologies Inc., Mallinckrodt Pharmaceuticals, Bracco Imaging S.p.A., Lantheus Holdings Inc., Curium Pharma, Australian Nuclear Science and Technology Organisation (ANSTO) Health, Eckert & Ziegler Strahlen, NorthStar Medical Radioisotopes, NTP Radioisotopes, Shine Medical Technologies Inc., Jubilant DraxImage Inc., Isotopia Molecular Imaging Ltd., Eczacibasi-Monrol Nuclear Products, International Isotopes Inc., Polatom Sp. z o.o., Radiomedix Inc., Positron Corporation
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What Is Covered In The Nuclear Medicine Radioisotopes Global Market Report?
•Market Size Forecast: Examine the nuclear medicine radioisotopes market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the nuclear medicine radioisotopes market for a structured understanding.
•Key Players Overview: Analyze major players in the nuclear medicine radioisotopes market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nuclear medicine radioisotopes market.
•Segment Contributions: Evaluate how different segments drive overall growth in the nuclear medicine radioisotopes market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nuclear medicine radioisotopes market.
•Industry Challenges: Identify potential risks and obstacles affecting the nuclear medicine radioisotopes market.
•Competitive Landscape: Review strategic developments in the nuclear medicine radioisotopes market, including expansions, agreements, and new product launches.
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