The global demand for Medical Isotopes Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Medical isotopes are chemical variants of elements(isotopes) used in medical applications. Isotopes are used for diagnostics, sterilization, and drugs for treatment. Some isotopes used in medicine are fluorine-18, gallium-67, deuterium, carbon-13, krypton-81m, rubidium-82, etc.With the help of radioactive isotopes, nuclear imaging of many parts of the human body can be done. These isotopes enable efficient diagnosis of diseases like cancer, heart disease, liver function, metabolic and neurological disorders, including dementia and movement disorders in children and adults. Deuterated drugs containing isotopes of deuterium are being used in the treatment of neurodegenerative diseases.
Market Dynamics
The self-decaying attribute of radioisotopes is the key contributing factor to the growing demand for medical isotopes. Widespread awareness about the advantages offered by isotopes in diagnosis and therapy will further propel market growth. The increase in cancer patients and many opting for radiotherapy will boost this market's development. Rising healthcare expenditure and the critical need to sterilize medical devices to avoid cross-contamination will be a market booster. Extensive use of medical imaging to better understand the underlying health condition will further boost the demand for medical isotopes. The high production costs and the complex supply chain involved in delivering the radioactive isotopes due to faster decaying will be the few restraining factors for this market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of medical isotopes.
Market Segmentation
The entire medical isotopes market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Stable Isotopes
- Radioisotopes
By Applications
- Nuclear Therapy
- Equipment Radioactive Source
- Diagnosis
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for medical isotopes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Medical Isotopes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medical isotopes market include NRG, NTP Radioisotopes, JSC Isotope, ANSTO, IRE, Nordion, Curium Pharma, Cambridge Isotope Laboratories, Eckert and Ziegler Strahlen, Polatom, Center of Molecular Research, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
