Global Radiopharmaceutical Market : Segmental Highlights and Table of Content (2016 - 2024)

Global Radiopharmaceutical Market: Rise in Demand for Diagnostic Procedures and Devices Bolsters Need for Radioisotopes

The global radiopharmaceutical market was valued at US$4.7 bn in 2015 and is estimated to reach US$7.4 bn by 2024, expanding at a CAGR of 5.3% from 2016 to 2024.

By radioisotope, technetium-99 held the major share in the global radiopharmaceuticals market, accounting for 50.3% in 2016. The 18F segment, on the other hand, is projected to expand at a 5.5% CAGR from 2016 to 2024, higher than any other radioisotope.

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The Global Radiopharmaceutical Market is segmented on the basis of expression system, Source, product type, Geographically, end user and region.

Based on source, nuclear reactors lead the overall market in terms of revenue and the segment is also poised to exhibit a strong growth rate through 2024. Accounting for the dominant share in the radiopharmaceuticals market by end use, hospitals are likely to contribute significantly toward the growth of this market in the coming years. The others segment, which covers laboratories and universities, is anticipated to expand at the fastest pace despite being restricted to only the MEA and Asia Pacific regions.

Based on application, oncology took the lead owing to the growing use of various radioisotopes in the treatment of different cancers. On the basis of geography, North America is the clear leader and is slated to achieve a 60.3% share in the global radiopharmaceuticals market by 2024. Asia Pacific, on the other hand, will register a 6.3% CAGR from 2016 to 2024, emerging as the fastest expanding regional market in terms of revenue.

Based on radioisotope, the market has been segmented into Technetium-99, Lutetium-177, Rubidium-87, Iodine-123, Yttrium-90, and Gallium-62. Technetium-99 is the most widely used radioisotope across the globe; around 70% of radiopharmaceutical companies depend on Mo-99 to produce Technetium-99, as per the World Nuclear Association. The market segments have been analyzed based on available approved products, cost-effectiveness, and preference for technological systems by physicians and patients. The market size and forecast for each of these segments have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year.

Geographically, the global radiopharmaceutical market has been categorized into five major regions and the key countries in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, Saudi Arabia, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year.

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Summary of Table of Content

Preface

Assumptions and Research Methodology

Executive Summary : Global Radiopharmaceutical Market

Market Overview

Global Radiopharmaceutical Market Analysis and Forecasts, By Radioisotopes

Global Radiopharmaceutical Market Analysis and Forecasts, By Source

Global Radiopharmaceutical Market Analysis and Forecasts, By End-user

Global Radiopharmaceutical Market Analysis and Forecasts, By End-user

Global Radiopharmaceutical Market Analysis and Forecasts, By Region

North America Radiopharmaceutical Market Analysis and Forecast

Europe Radiopharmaceutical Market Analysis and Forecast

Asia Pacific Radiopharmaceutical Market Analysis and Forecast

Latin America Radiopharmaceutical Market Analysis and Forecast

Middle East and Africa Radiopharmaceutical Market Analysis and Forecast

Competition Landscape

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