As per this study, the Global Radiopharmaceutical/Nuclear Medicine Market was valued USD 3.87 BN (by revenue) in 2018 and is anticipated to reach USD 5.82 BN by 2025 with a CAGR of 6%.
 
Radiopharmaceutical/nuclear medicine refers to a radioactive drug used for monitoring and treating patients suffering from cancer, heart related problems, and neural issues. The trace amount of radioisotope present in the medicine binds the organic compound, which is later conveyed, to the target cell, tissue or organ. The rays emitted by radioisotope are detected by specific imaging device. The gamma rays are used for diagnostic purpose whereas short-range alpha or beta rays are used for treatment purpose.
 
Objectives of the Study:

• Define and measure the global radiopharmaceutical/nuclear medicine market
• Revenue forecast of the global radiopharmaceutical/nuclear medicine market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Rising commonness of cancer and cardiovascular diseases has led the demand for nuclear medicine. Increasing spending on healthcare followed by rising awareness regarding the medicine is also contributing the market growth. Owing to non-invasive treatment, radiopharmaceutical/nuclear medicine is gaining major traction. However, short-term time of nuclear medicine is likely to hinder the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of radiopharmaceutical/nuclear medicine.
 
Market Segmentation
 
The broad radiopharmaceutical/nuclear medicine market has been sub-grouped into type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Type

• Diagnostic Nuclear Medicine
  • SPECT Radiopharmaceuticals
  • PETRadiopharmaceuticals
• Therapeutic Nuclear Medicine
  • Alpha Emitters
  • Beta Emitters
  • Brachytherapy Isotopes

 
By Application

• Diagnostic Application
  • SPECT Application
    • Cardiology
    • Lymphoma
    • Neurology
    • Thyroid
    • Other
  • PET Application
    • Oncology
    • Cardiology
    • Neurology
    • Other
• Therapeutic Application
  • Thyroid
  • Bone Metastasis
  • Lymphoma
  • Endocrine Tumor
  • Other Therapeutic Application

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for radiopharmaceutical/nuclear medicine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Radiopharmaceutical/Nuclear Medicine Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the radiopharmaceutical/nuclear medicine market include Advanced Accelerator Applications, Bayer, Bracco Imaging, Cardinal Health, Curium, Eczacibasi-Monrol Nuclear Products, GE Healthcare, Lantheus Medical Imaging and Nordion among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.