Nuclear Pharmacy Market Future Trends and Scope Analysis Report

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Nuclear Pharmacy Market- (By Type (Diagnostic & Therapeutic Nuclear Medicine), By Application (Diagnostic, Therapeutic)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Nuclear Pharmacy Market Size is valued at USD 6.27 Bn in 2024 and is predicted to reach USD 17.96 Bn by the year 2034 at a 11.2% CAGR during the forecast period for 2025-2034.

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Radiopharmaceuticals, which are small quantities of radioactive substances, play a crucial role in nuclear pharmacy for the diagnosis and treatment of various medical conditions. Administered orally, intravenously, or through inhalation, these agents emit radiation detectable by advanced medical imaging systems. Growing awareness of the benefits of early and accurate diagnosis, along with its positive influence on the management and treatment of chronic diseases, is a key driver of growth in the nuclear pharmacy imaging market.

Technological advancements in nuclear imaging, particularly in PET and PET-CT systems, have expanded the application of these modalities beyond oncology to include cardiology, neurology, and infection detection. Furthermore, innovations such as CZT-based detectors, which enable simultaneous visualization of both anatomical and physiological data, are expected to accelerate the adoption of SPECT-CT systems across healthcare facilities.

List of Prominent Players in the Nuclear Pharmacy Market:
• Jubilant Radiopharma (Jubilant Pharma Holdings Inc.)
• GE Healthcare
• Cardinal Health, Inc.
• ARTMS Inc.
• AnazaoHealth Corp.
• SOFIE
• Pacific Radiopharmacy, Ltd.

Market Dynamics:
Drivers-
The growing prevalence of chronic diseases, including cancer, cardiovascular disorders, and neurological conditions, has significantly increased the demand for nuclear medical procedures and radiopharmaceuticals. Nuclear pharmacy plays a pivotal role in supplying the essential radiopharmaceuticals required for accurate diagnosis and personalized treatment plans. Technological advancements in imaging modalities, such as PET/CT (Positron Emission Tomography/Computed Tomography) and SPECT (Single-Photon Emission Computed Tomography), have enhanced the precision and reliability of nuclear medicine procedures.

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Challenges:
Establishing and operating a nuclear pharmacy involves substantial investment in specialized equipment and infrastructure, including radiation protection systems, quality assurance protocols, and cleanroom facilities. For new entrants and smaller operators, these capital-intensive requirements can pose significant financial barriers. Additionally, the nuclear pharmacy industry relies heavily on a robust and secure supply chain for radiopharmaceuticals and related materials.

Regional Trends:
North America is projected to maintain a dominant share of the nuclear pharmacy market and is expected to experience robust growth in the coming years. Factors contributing to this trend include a rapidly expanding healthcare sector, rising cancer incidence, an aging population, increased product launches, and heightened investments in advanced cancer treatment solutions. In Europe, the rising demand for accurate diagnosis, disease staging, and treatment planning across multiple medical specialties has driven greater adoption of nuclear medicine procedures. This growing utilization has become a key driver of the nuclear pharmacy market in the region.

Recent Developments:
• In March 2023, Cardinal Health Inc (CAH.N) considered the sale of its nuclear medicine division as part of a broader review of its business, Bloomberg News reported Tuesday, citing people familiar with the matter. According to the report, the Dublin, Ohio-based drug distributor was in discussions with advisors to assess interest in the unit, which produced radioactive agents and drugs used to diagnose and treat diseases such as cancer.
• In June 2023, GE HealthCare improved its PET/MR capabilities by incorporating AIR Technologies. The company demonstrated the integration of its sophisticated AIR technologies with the SIGNA PET/MR AIR system in order to improve diagnostic accuracy, simplify treatment evaluation, and boost patient comfort.

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Segmentation of Nuclear Pharmacy Market-
By Type-
• Diagnostic Nuclear Medicine
o SPECT Radiopharmaceuticals
 Tc-99m
 I-123
 Tl-201
 Ga-67
 Other SPECT Isotopes
o PET Radiopharmaceuticals
 F-18
 Rb-82
 Other PET Isotopes
• Therapeutic Nuclear Medicine
o Alpha Emitters
 Ra-223
o Beta Emitters
 I-131
 Y-90
 Sm-153
 Lu-177
 Re-186
 Other Beta Emitters
• Brachytherapy Isotopes
o I-125
o Ir-192
o Pd-103
o Cs-131
o Other Brachytherapy Isotopes
By Application-
• Diagnostic Applications
o SPECT Applications
 Cardiology
 Bone Scans
 Thyroid Applications
 Pulmonary Scans
 Other SPECT Applications
o PET Applications
 Oncology
 Cardiology
 Neurology
 Other PET Applications
• Therapeutic Applications
o Thyroid Indications
o Bone Metastasis
o Lymphoma
o Endocrine Tumors
o Other Indications
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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