2025-2034 Radiopharmaceutical Theranostics Market Roadmap: Insights for Competitive Advantage

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How Large Will the Radiopharmaceutical Theranostics Market Size By 2025?
The market size of radiopharmaceutical theranostics has experienced rapid growth in the past few years. It is projected to increase from $2.88 billion in 2024 to $3.27 billion in 2025, with a compound annual growth rate (CAGR) of 13.7%. This growth during the historical period is due to factors such as development in radiopharmaceuticals, advancements in clinical research, investment in research, regulatory approvals, and the progression of nuclear medicine.

How Big Is the Radiopharmaceutical Theranostics Market Size Expected to Grow by 2029?
Anticipated to witness a swift expansion in the upcoming years, the radiopharmaceutical theranostics market size is projected to reach $5.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.2%. The projected growth during this period can be linked to developments in biomarker discovery and validation, advancements in genomic and proteomic methods, the evolution of precision radiotherapy, interdisciplinary collaborations, and amplified patient advocacy and support. The pivotal trends envisioned for the forecast period encompass ethical and legal aspects, the integration of telemedicine in theranostics, patient-centered care approaches, personalized radiopharmaceutical solutions, and the progression of nano-theranostics.

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Which Key Market Drivers Powering Radiopharmaceutical Theranostics Market Expansion and Growth?
The predicted increase in cancer rates is anticipated to boost the development of the radiopharmaceutical theranostics market. Cancer is characterized as a disease or condition that involves an irregular and complicated cell growth that can metastasize to other areas of the body. Radiopharmaceutical theranostics contribute to cancer therapy through personalized and targeted strategies. For example, in 2023, as per the American Cancer Society, a voluntary cancer health entity based in the US, there are estimated to be 1.9 million new cancer diagnoses and roughly 609,820 cancer-related deaths in the US. Moreover, it is expected that 88% of the diagnosed individuals will be from the age group of 50 years and older. Consequently, the escalating occurrence of cancer is spurring the growth of the radiopharmaceutical theranostics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Radiopharmaceutical Theranostics Market?
Key firms in the radiopharmaceutical theranostics market are utilizing strategic collaborations to create innovative treatments. Such partnerships offer advantages to radiopharmaceutical theranostics firms like pooling resources and expertise, boosting R&D abilities, widening market penetration, and hastening the commercialization process, ultimately propelling innovation and expansion in the radiopharmaceutical theranostics sector. For instance, Radiopharm Theranostics, a biotech company from Australia, forged a partnership in March 2023 with Pharma15 Corporation, an American enterprise, to work on developing advanced therapeutic radiopharmaceuticals focused on treating prostate cancer. This collaboration specifically aims to resolve resistance to existing PSMA-targeted treatments while improving selectivity to reduce toxicity in non-cancerous tissues.

What Are the Emerging Segments in the Radiopharmaceutical Theranostics Market?
The radiopharmaceutical theranostics market covered in this report is segmented -

1) By Product Type: Alpha Emitters, Beta Emitters, Positron Emission Tomography (PET) Tracers
2) By Source: Nuclear Reactors, Cyclotrons
3) By Radioisotope: Technetium-99, Gallium-68, Iodine-131, Iodine-123, 18F, Y-90, Lutetium (Lu) 177, Copper (Cu) 67, Copper (Cu) 64, Other Radioscopes
4) By Indication: Oncology, Cardiology, Neurology, Other Indications
5) By End User: Hospitals, Diagnostic Imaging Centers, Academic And Research Institutes, Other End Users

Subsegments:
1) By Alpha Emitters: Actinium-225, Radium-223, Bismuth-213, Other Alpha-Emitting Radiopharmaceuticals
2) By Beta Emitters: Iodine-131, Lutetium-177, Yttrium-90, Other Beta-Emitting Radiopharmaceuticals
3) By Positron Emission Tomography (PET) Tracers: Fluorodeoxyglucose (FDG), Gallium-68, Carbon-11, Other PET Tracers

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Who Are the Global Leaders in the Radiopharmaceutical Theranostics Market?
Major companies operating in the radiopharmaceutical theranostics market include Cardinal Health Inc., GE HealthCare Technologies Inc., Bayer AG, China Grand Pharmaceutical & Healthcare., Lantheus Medical Imaging Inc., Curium Pharma, Advanced Accelerator Applications, Telix Pharmaceuticals Ltd., Bracco Imaging S.p.A, NTP Radioisotopes SOC Ltd., Navidea Biopharmaceuticals Inc., Jubilant DraxImage Inc., NorthStar Medical Radioisotopes LLC, Blue Earth Diagnostics Ltd., Precirix NV, SpectronRx, Viewpoint Molecular Targeting Inc., NuView Life Sciences, Alpha-9 Theranostics Inc., RadioMedix Inc, RayzeBio Inc, Fusion Pharmaceuticals Inc, Actinium Pharmaceuticals Inc., Eckert & Ziegler Strahlen- und Medizintechnik AG, Ariceum Therapeutics GmbH, Radiopharm Theranostics Ltd, Ratio Therapeutics Inc, Primo Biotechnology, Bivision Biomedical Technology (Nanjing) Co. Ltd.

Which are the Top Profitable Regional Markets for the Radiopharmaceutical Theranostics Industry?
North America was the largest region in the radiopharmaceutical theranostics market in 2024. The regions covered in the radiopharmaceutical theranostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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