Radiopharmaceuticals Market was valued at approximately USD 3.8 billion in 2013 and is expected to reach USD 12.2 billion by 2019 at a CAGR of 18.3% from 2013 to 2019. North America led the global radiopharmaceuticals market with the highest market share as Canada continues to be the largest exporter of uranium and nuclear technology, forming the backbone of nuclear medicine and imaging studies.
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The market is expected to grow at a CAGR of 18.3% owing to tremendous research and technological developments occurring worldwide and the increasing awareness about nuclear medicine and molecular imaging procedures. The radiopharmaceuticals market is studied based on end-user groups, medical isotopes, applications and geography. Technetium (Tc-99m) is the most widely used radioisotope for medical applications. The majority of the application market for radiopharmaceuticals is constituted by the diagnosis market, and the therapeutic application segment is expected to grow at the fastest growth rate from 2012 to 2018.
The global market for generators for radiopharmaceuticals was valued at over USD 200 million in 2011 and is expected to grow at a healthy CAGR from 2012 to 2018. The market currently consists only of Tc-99m generators; newer generators for molecules like Rubidium (Rb-82), Gallium (Ga-67) and Yttrium (Y-90) are expected to enter the market in the next few years. These are expected to exhibit high double digit growth rates during the forecast period.
Key players in this market include Covidien Plc, Nordion Inc., Lantheus Medical Imaging and IBA Group, among others. The market is highly fragmented with leading global healthcare companies offering a wide range of diagnostic and therapeutic radiopharmaceuticals.
The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the radiopharmaceuticals market as below:
Radiopharmaceuticals Market by Generator Types
Radiopharmaceuticals Market by End-Users
Hospitals & Medical Centers
Radiopharmaceuticals Market by Applications
Diagnosis by Technique
Others (Carbon-11 choline, Nitrogen-13 ammonia)
Diagnosis by Indications
Others (Neurological, Thyroid, Gastrointestinal)
Others (Cardiology, Neurology)
Radiopharmaceuticals Market by Geography
Rest of the World (RoW)
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