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Increasing Prevalence Of Infectious Diseases Is Driving The Growth Of The Positron Emission Tomography (PET) Radiotracer Market: An Emerging Driver Transforming The Positron Emission Tomography (PET) Radiotracer Market Landscape
Positron Emission Tomography (PET) Radiotracer
What Is the Projected Growth of the Positron Emission Tomography (PET) Radiotracer Market?
The positron emission tomography (PET) radiotracer market size will grow from $2.35 billion in 2024 to $2.57 billion in 2025 at a CAGR of 9.3%. The growth is attributed to the prevalence of infectious diseases, awareness and accessibility, novel radiotracers, rising cancer rates, and focus on preventive medicine.
The positron emission tomography (PET) radiotracer market is expected to grow to $3.63 billion by 2029 at a CAGR of 9.1%. Growth is attributed to expanded applications, regulatory approvals, emerging markets, the aging population, and increased adoption of PET scanners. Major trends include micro-PET technology, wearable tech integration, theranostics, nano-radiotracers, and blockchain for data security.
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What Are the Different Positron Emission Tomography (PET) Radiotracer Market Segments?
The positron emission tomography (PET) radiotracer market covered in this report is segmented -
1) By Radiotracer Type: F-18 (Fluorodeoxyglucose 18), Ga-68 (Fibroblast Activation Protein Inhibitor), Other Radiotracer Types
2) By Application: Cancer, Heart Disease, Gastrointestinal, Endocrine, Neurological Disorders, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By F-18 (Fluorodeoxyglucose 18): F-18 FDG (Fluorodeoxyglucose), F-18 Fluoroethyltyrosine (FET), F-18 Florbetapir (Amyloid PET Imaging)
2) By Ga-68 (Fibroblast Activation Protein Inhibitor): Ga-68 Dotatate (Neuroendocrine Tumor Imaging), Ga-68 PSMA (Prostate-Specific Membrane Antigen Imaging), Ga-68 FAPI (Fibroblast Activation Protein Inhibitor Imaging)
3) By Other Radiotracer Types: C-11 (Carbon-11), N-13 (Nitrogen-13), O-15 (Oxygen-15), Rb-82 (Rubidium-82), I-124 (Iodine-124)
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What Are the Primary Drivers Shaping the Positron Emission Tomography (PET) Radiotracer Market?
The growing prevalence of infectious diseases is expected to drive the positron emission tomography (PET) radiotracer market. These diseases are on the rise due to factors like climate change, urbanization, and antibiotic resistance. PET radiotracers help detect infections, monitor treatment responses, and distinguish between infectious and non-infectious conditions. According to the UK Health Security Agency, tuberculosis cases in England increased by 10.7% in 2023. The rising prevalence of infectious diseases is propelling the growth of the PET radiotracer market.
Which Companies Are Leading in the Positron Emission Tomography (PET) Radiotracer Market?
Major companies operating in the positron emission tomography (PET) radiotracer marker are Cardinal Health Inc., AstraZeneca PLC, Eli Lilly and Company, Siemens Healthineers AG, GE Healthcare Technologies Inc., Philips Healthcare, Bracco Imaging S.p.A., Neusoft Medical Systems Co Ltd., Lantheus Holdings Inc., Jubilant Pharma Limited, SOFIE Biosciences (SOFIE), Yantai Dongcheng Pharmaceutical Group Co. Ltd., Nordion Inc., RefleXion Medical Inc., Isologic Innovative Radiopharmaceuticals, ABX Advanced Biochemical Compounds GmbH, IBA Radiopharma Solutions S.A., IXICO PLC, ImaginAb Inc., Radiomedix Inc.
What Positron Emission Tomography (PET) Radiotracer Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the positron emission tomography (PET) radiotracer market are focusing on developing advanced diagnostic solutions, like PET imaging agents, to improve cancer detection and patient outcomes. PET imaging agents are radioactive substances used in PET scans to visualize and measure biological processes in the body. For instance, in March 2023, IsoLogic Innovative Radiopharmaceuticals, a Canada-based radiopharmaceutical company, introduced Illuccix, a prostate cancer imaging agent designed to detect metastatic prostate cancer. This tool aids physicians in identifying metastatic disease and supporting patient management decisions.
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What Are the Top Revenue-Generating Geographies in the Positron Emission Tomography (PET) Radiotracer Market?
North America was the largest region in the positron emission tomography (PET) radiotracer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (PET) radiotracer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Positron Emission Tomography (PET) Radiotracer Market?
2. What is the CAGR expected in the Positron Emission Tomography (PET) Radiotracer Market?
3. What Are the Key Innovations Transforming the Positron Emission Tomography (PET) Radiotracer Industry?
4. Which Region Is Leading the Positron Emission Tomography (PET) Radiotracer Market?
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