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Global Radiopharmaceuticals Market Analysis By Procedural Volumes with Growth Rate +8.7% and Manufacturers (Cardinal Health Inc., MallinckrodtPlc., GE Healthcare, Lantheus Medical Imaging Inc., Bayer AG) Forecasts By 2024
Press release from: Data Bridge Market Research
Data Bridge Market Research added new industry report "Global Radiopharmaceuticals Market" is expected to reach USD 9.49 billion by 2024 from USD 4.87 billion in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Radiopharmaceuticals are a group of pharmaceuticals drug which have radioactivity. It can be used as diagnostic and therapeutic agent. Radiopharmaceuticals are unique medicinal formulations containing radioisotopes which are used in major clinical area for diagnosis or therapy. The procedures and facilities for the production, use, and storage of radiopharmaceuticals are subject to licensing by national or regional authorities. This licensing includes compliance both with governing radioactive materials and with those regulations governing pharmaceutical preparations. Additional regulations may apply for issues such as transportation or dispensing of radiopharmaceuticals.
The global market is segmented based on type, procedural volumes, application, sources, end-user, and geography.
On the basis of type, the global radiopharmaceuticals market is sub-segmented into
• Therapeutic radiopharmaceuticals.
In 2017, diagnostic radiopharmaceuticals segment dominate the market and is expected to grow at the highest in the forecast period. This is due to the production of MO-99 in the U.S., FDA approvals of radiopharmaceuticals, initiatives of International Atomic Energy Agency (IAEA), new irradiation facility in Germany, installation of PET scanners in India, andgovernment investments in Rest of Asia-Pacific.
On the basis of procedural volumes, the global radiopharmaceuticals market is sub-segmented into
1. Diagnostic procedure
• single-photon emission computed tomography (SPECT) radiopharmaceuticals
• positron emission tomography (PET) radiopharmaceuticals
2. Therapeutic procedures
• beta emitters
• alpha emitters
• brachy therapy
On the basis of application, the global radiopharmaceuticals market is sub-segmented into
1. diagnostic application
• single-photon emission computed tomography (SPECT) -
• positron emission tomography (PET)- oncology, cardiology, neurology and others
2. therapeutic application
• bone metastasis,
• endocrine tumours
On the basis of sources, the global radiopharmaceuticals market is sub-segmented into
• nuclear reactors
On the basis of end user, the global radiopharmaceuticals market is sub-segmented into
• ambulatory surgical centers,
• diagnostic centers,
• cancer research institutes and
In 2017, hospital segment dominate the market with the highest market share due to accessibility of highly skilled medical practitioners in the radiology departments of hospitals.
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The global IoT healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes IoT healthcare shares for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors:
• Cardinal Health Inc.
• GE Healthcare
• Lantheus Medical Imaging Inc.
• Bayer AG
• Bracco Imaging SpA
• Eczacibasi-Monrol Nuclear Products
• Nordion Inc.
• Advanced Accelerator Applications S.A.
• IBA Molecular Imaging
• Positron Corporation
• NTP Radioisotopes Pty. Ltd.
• Advanced Medical Isotope Corporation
• Avid Radiopharmaceuticals
• Jubilant Pharma
• Actinium Pharmaceuticals Inc.,
• Among others.
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Report Access: databridgemarketresearch.com/reports/north-america-digita...
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This release was published on openPR.
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