Samarium-149 Market Share Driven by Growth in Nuclear Medicine and Scientific Research Applications | Valuates Reports

Samarium-149 Market Size
The global market for Samarium-149 was valued at US$ 2.9 million in the year 2024 and is projected to reach a revised size of US$ 4.8 million by 2031, growing at a CAGR of 6.9% during the forecast period.

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The Samarium-149 market is experiencing steady growth, driven by its increasing use in nuclear medicine and scientific research. Its unique radioactive properties make it highly valuable for targeted therapies, diagnostic applications, and experimental studies. Expanding investments in healthcare infrastructure, radiopharmaceutical development, and advanced research initiatives are shaping key market trends and driving overall market growth in this niche isotope market.

Among production types, reactor irradiation currently holds the largest market share, due to its established use in producing high-purity Samarium-149 for medical and research purposes. Accelerator synthesis and other production methods are gaining traction, offering precise control over isotope quality and supporting specialized applications that require tailored production techniques.

In applications, nuclear medicine represents the dominant segment, reflecting Samarium-149's critical role in therapeutic and diagnostic procedures. Scientific research is also growing steadily, with increasing use in experimental studies and radiochemistry research. These applications collectively drive demand and encourage innovation in production and delivery methods.

Key companies leading the Samarium-149 market include Rosatom, Oak Ridge National Laboratory (ORNL), Neonest AB (BuyIsotope), CortecNet, Trace Sciences International, Edgetech Industries, American Elements, LEAP CHEM CO., LTD, ATT Advanced Elemental, Xinglu Chemical, and Epoch Material. These organizations maintain competitive market share through advanced production capabilities, high-quality isotope supply, and ongoing research collaborations that expand the applications of Samarium-149 worldwide.

Regionally, North America dominates the Samarium-149 market, supported by strong healthcare and research infrastructure. Europe also holds a significant position, with Germany, France, and the UK leading adoption in medical and scientific applications. The Asia-Pacific region, particularly China and Japan, is witnessing the fastest market growth, driven by technological advancements, growing healthcare adoption, and expanding research initiatives. The market forecast indicates sustained expansion, supported by innovation, regulatory advancements, and increasing utilization of Samarium-149 in healthcare and scientific research sectors.

Segment by Type

• Reactor Irradiation Production
• Accelerator Synthesis
• Others

Segment by Application

• Nuclear Medicine
• Scientific Research

By Company

Rosatom, ORNL, Neonest AB(BuyIsotope), CortecNet, Trace Sciences International, Edgetech Industries, American Elements, LEAP CHEM CO., LTD, ATT Advanced Elemental, Xinglu Chemical, Epoch material

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This release was published on openPR.