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Global Radiopharmaceuticals Market Size study, by Type (Diagnostic, Therapeutic), by Application (Cancer, Cardiology, Others), by Radioisotope (Technetium 99m, Gallium 68, Iodine I, Fluorine 18, Copper 64, Strontium 89, Yttrium 90, Radium 223, Actinium 225, Lutetium 177, Copper 67, Terbium 161, Zirconium 89, Others), by End User (Hospitals and Clinics, Medical Imaging Centers, Others) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GC3D5FF7DB5FEN
Bizwit Research & Consulting LLP

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Global Radiopharmaceuticals Market is valued approximately at USD 7.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 10.6% over the forecast period 2024-2032. Radiopharmaceuticals are drugs containing radioisotopes, used primarily for diagnostic imaging, functional examination, and the treatment of various diseases, especially in the realm of nuclear medicine. These drugs allow healthcare professionals to visualize and evaluate different physiological processes within the body, thereby facilitating accurate diagnosis and effective treatment. The surge in demand for radiopharmaceuticals is driven by technological advancements in imaging modalities such as PET and SPECT, the growing prevalence of chronic diseases, particularly cancer, and the increasing awareness among healthcare providers about the benefits of radiation therapy methods.

The increasing prevalence of chronic diseases is a major driver for the radiopharmaceuticals market. For instance, according to the Centers for Disease Control and Prevention (CDC), approximately 129 million Americans are projected to have at least one chronic disease by 2024. Moreover, the World Nuclear Association reported in 2024 that over 50 million nuclear medicine procedures are performed annually, with a rising demand for radioisotopes. This burgeoning need for nuclear medicine procedures underscores the significance of radiopharmaceuticals in modern healthcare, further propelling market growth.

Additionally, significant investments in healthcare infrastructure, particularly nuclear medicine units equipped with advanced imaging technology, have created opportunities for market expansion. The therapeutic applications of radiopharmaceuticals, especially in cancer treatment through targeted radionuclide therapy, are expanding, driving innovation and investment in the sector. However, the high cost of development, production, and distribution of radiopharmaceuticals, coupled with stringent regulatory requirements and the short half-life of many radioisotopes, poses significant challenges to market growth. Despite these hurdles, the development of novel radiopharmaceuticals tailored to specific patient populations and the increasing adoption of precision medicine offer substantial growth opportunities.

North America dominate the radiopharmaceuticals market in 2023, owing to its advanced healthcare infrastructure, well-established pharmaceutical industry, and supportive regulatory policies. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period, driven by growing investments in healthcare infrastructure, rising prevalence of chronic diseases, and increasing awareness about the benefits of radiopharmaceuticals.

Major market players included in this report are:

Novartis AG

Telix Pharmaceuticals Limited

Curium Pharmaceuticals

Lantheus Holdings, Inc.

GE Healthcare

Cardinal Health, Inc.

Bayer AG

Bracco Imaging S.p.A.

Jubilant Pharma Limited

Advanced Accelerator Applications S.A.

Actinium Pharmaceuticals, Inc.

Eckert & Ziegler Group

NorthStar Medical Radioisotopes, LLC

Nordion (Canada) Inc.

PharmaLogic Holdings Corp.

The detailed segments and sub-segment of the market are explained below:

By Type:
  • Diagnostic
  • Therapeutic
By Application:
  • Cancer
  • Cardiology
  • Others
By Radioisotope:
  • Technetium 99m
  • Gallium 68
  • Iodine I
  • Fluorine 18
  • Copper 64
  • Strontium 89
  • Yttrium 90
  • Radium 223
  • Actinium 225
  • Lutetium 177
  • Copper 67
  • Terbium 161
  • Zirconium 89
  • Others
By End User:
  • Hospitals and Clinics
  • Medical Imaging Centers
  • Others
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
  • RoLA
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL RADIOPHARMACEUTICALS MARKET EXECUTIVE SUMMARY

1.1. Global Radiopharmaceuticals Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By Application
  1.3.3. By Radioisotope
  1.3.4. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL RADIOPHARMACEUTICALS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL RADIOPHARMACEUTICALS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Prevalence of Chronic Diseases
  3.1.2. Technological Advancements in Imaging Modalities
  3.1.3. Investments in Healthcare Infrastructure
3.2. Market Challenges
  3.2.1. High Development and Production Costs
  3.2.2. Stringent Regulatory Requirements
3.3. Market Opportunities
  3.3.1. Novel Radiopharmaceuticals for Precision Medicine
  3.3.2. Public-Private Partnerships for R&D
  3.3.3. Digital Health Technologies for Personalized Travel Health Advisories

CHAPTER 4. GLOBAL RADIOPHARMACEUTICALS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL RADIOPHARMACEUTICALS MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Radiopharmaceuticals Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Diagnostic
  5.2.2. Therapeutic

CHAPTER 6. GLOBAL RADIOPHARMACEUTICALS MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Radiopharmaceuticals Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Cancer
  6.2.2. Cardiology
  6.2.3. Others

CHAPTER 7. GLOBAL RADIOPHARMACEUTICALS MARKET SIZE & FORECASTS BY RADIOISOTOPE 2022-2032

7.1. Segment Dashboard
7.2. Global Radiopharmaceuticals Market: Radioisotope Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Technetium 99m
  7.2.2. Gallium
  7.2.3. Iodine I
  7.2.4. Fluorine
  7.2.5. Copper
  7.2.6. Strontium
  7.2.7. Yttrium
  7.2.8. Radium
  7.2.9. Actinium
  7.2.10. Lutetium
  7.2.11. Copper
  7.2.12. Terbium
  7.2.13. Zirconium
  7.2.14. Others

CHAPTER 8. GLOBAL RADIOPHARMACEUTICALS MARKET SIZE & FORECASTS BY END USER 2022-2032

8.1. Segment Dashboard
8.2. Global Radiopharmaceuticals Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Hospitals and Clinics
  8.2.2. Medical Imaging Centers
  8.2.3. Others

CHAPTER 9. GLOBAL RADIOPHARMACEUTICALS MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Radiopharmaceuticals Market
  9.1.1. U.S. Radiopharmaceuticals Market
    9.1.1.1. Type breakdown size & forecasts, 2022-2032
    9.1.1.2. Application breakdown size & forecasts, 2022-2032
    9.1.1.3. Radioisotope breakdown size & forecasts, 2022-2032
    9.1.1.4. End User breakdown size & forecasts, 2022-2032
  9.1.2. Canada Radiopharmaceuticals Market
9.2. Europe Radiopharmaceuticals Market
  9.2.1. U.K. Radiopharmaceuticals Market
    9.2.1.1. Type breakdown size & forecasts, 2022-2032
    9.2.1.2. Application breakdown size & forecasts, 2022-2032
    9.2.1.3. Radioisotope breakdown size & forecasts, 2022-2032
    9.2.1.4. End User breakdown size & forecasts, 2022-2032
  9.2.2. Germany Radiopharmaceuticals Market
  9.2.3. France Radiopharmaceuticals Market
  9.2.4. Spain Radiopharmaceuticals Market
  9.2.5. Italy Radiopharmaceuticals Market
  9.2.6. Rest of Europe Radiopharmaceuticals Market
9.3. Asia-Pacific Radiopharmaceuticals Market
  9.3.1. China Radiopharmaceuticals Market
  9.3.2. India Radiopharmaceuticals Market
  9.3.3. Japan Radiopharmaceuticals Market
  9.3.4. Australia Radiopharmaceuticals Market
  9.3.5. South Korea Radiopharmaceuticals Market
  9.3.6. Rest of Asia Pacific Radiopharmaceuticals Market
9.4. Latin America Radiopharmaceuticals Market
  9.4.1. Brazil Radiopharmaceuticals Market
  9.4.2. Mexico Radiopharmaceuticals Market
  9.4.3. Rest of Latin America Radiopharmaceuticals Market
9.5. Middle East & Africa Radiopharmaceuticals Market
  9.5.1. Saudi Arabia Radiopharmaceuticals Market
  9.5.2. South Africa Radiopharmaceuticals Market
  9.5.3. Rest of Middle East & Africa Radiopharmaceuticals Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Novartis AG
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Telix Pharmaceuticals Limited
  10.3.3. Curium Pharmaceuticals
  10.3.4. Lantheus Holdings, Inc.
  10.3.5. GE Healthcare
  10.3.6. Cardinal Health, Inc.
  10.3.7. Bayer AG
  10.3.8. Bracco Imaging S.p.A.
  10.3.9. Jubilant Pharma Limited
  10.3.10. Advanced Accelerator Applications S.A.
  10.3.11. Actinium Pharmaceuticals, Inc.
  10.3.12. Eckert & Ziegler Group
  10.3.13. NorthStar Medical Radioisotopes, LLC
  10.3.14. Nordion (Canada) Inc.
  10.3.15. PharmaLogic Holdings Corp.

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Radiopharmaceuticals market, report scope
TABLE 2. Global Radiopharmaceuticals market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Radiopharmaceuticals market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Radiopharmaceuticals market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Radiopharmaceuticals market by Radioisotope, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Radiopharmaceuticals market by End User, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Radiopharmaceuticals market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Radiopharmaceuticals market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Radiopharmaceuticals market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Radiopharmaceuticals market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Radiopharmaceuticals market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Radiopharmaceuticals market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Radiopharmaceuticals market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Radiopharmaceuticals market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Radiopharmaceuticals market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Radiopharmaceuticals market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Radiopharmaceuticals market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Radiopharmaceuticals market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Radiopharmaceuticals market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Radiopharmaceuticals market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Radiopharmaceuticals market, research methodology
FIG 2. Global Radiopharmaceuticals market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Radiopharmaceuticals market, key trends 2023
FIG 5. Global Radiopharmaceuticals market, growth prospects 2022-2032
FIG 6. Global Radiopharmaceuticals market, porters 5 force model
FIG 7. Global Radiopharmaceuticals market, PESTEL analysis
FIG 8. Global Radiopharmaceuticals market, value chain analysis
FIG 9. Global Radiopharmaceuticals market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Radiopharmaceuticals market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Radiopharmaceuticals market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Radiopharmaceuticals market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Radiopharmaceuticals market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Radiopharmaceuticals market, regional snapshot 2022 & 2032
FIG 15. North America Radiopharmaceuticals market 2022 & 2032 (USD Billion)
FIG 16. Europe Radiopharmaceuticals market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Radiopharmaceuticals market 2022 & 2032 (USD Billion)
FIG 18. Latin America Radiopharmaceuticals market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Radiopharmaceuticals market 2022 & 2032 (USD Billion)
FIG 20. Global Radiopharmaceuticals market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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