Press release
Nuclear Medicine/Radiopharmaceuticals Market Size. Share, Trends Forecast To 2021
Nuclear Medicine/Radiopharmaceuticals
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The nuclear medicine/radiopharmaceuticals market is projected to reach USD 7.27 billion by 2021 from USD 4.67 billion in 2016, growing at a CAGR of 9.3% in the next five years (2016 to 2021). Over the years, the nuclear medicine/radiopharmaceuticals market has witnessed various advancements in radiopharmaceuticals. The market is in its growth phase with an increasing number of radioisotope approvals for different clinical indications. Ra-223, I-131, and Y-90 ensured their leading position in the nuclear medicine therapeutic market.
Factors such as advances in radiotracers and increasing incidence and prevalence of cancer and cardiac ailments, introduction of alpha emitters for targeted cancer therapy, high demand for radiopharmaceuticals in emerging markets, upcoming radio isotopes, and increasing new product launches by industry players are expected to drive the nuclear medicine/radiopharmaceuticals market in the coming years. However, the shutdown of major nuclear reactors, which are the main source for radiopharmaceutical production, is a major challenge for the growth of the market.
In 2016, North America is expected to account for the largest share of the global nuclear medicine/radiopharmaceuticals market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is projected to have the highest growth rate in the forecast period. Factors such as the increasing geriatric population and incidence of cardiovascular diseases & cancer in China & Japan, installation of PET scanners in India, and approval of radium (223Ra) dichloride by the therapeutic goods administration (TGA) in Australia are likely to propel the market in the Asia-Pacific region.
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Key Points From Table Of Content:
Company Profiles:
(Overview, Products and Services, Financials, Strategy & Development)*
• Introduction
• Cardinal Health, Inc.
• Mallinckrodt PLC
• GE Healthcare (A Fully Owned Subsidiary of General Electric Company)
• Lantheus Medical Imaging, Inc.
• Bayer AG
• Bracco Imaging S.P.A
• Eczacibasi-Monrol Nuclear Products
• Nordion, Inc. (A Subsidiary of Sterigenics International LLC.)
• Advanced Accelerator Applications S.A.
• IBA Molecular
Premium Insights:
• Nuclear Medicine/Radiopharmaceuticals: Market Overview
• Geographic Analysis: Nuclear Medicine Market, By PET Application (2016)
• Nuclear Medicine Market, By Type (2016 vs 2021)
• Geographical Snapshot of the Nuclear Medicine Market
Research Coverage:
The report provides detailed description of the radiopharmaceuticals used in diagnostics as well as for therapy across various regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, procedural volume, and region. Additionally, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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