Entering text into the input field will update the search result below

North American Nuclear Medicine Market : Initiatives To Lessen The Demand-Supply Gap Of Mo-99

Jan. 11, 2021 2:23 AM ETCardinal Health, Inc. (CAH)
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Summary

  • What the Market Looks Like?
  • What Drives the Market?

The study involved four major activities in estimating the current size for the North American nuclear medicine market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

What the Market Looks Like?

The North American nuclear medicine market is expected to reach USD 2.7 billion by 2024 from an estimated USD 2.2 billion in 2019, growing at a CAGR of 4.1% during the forecast period. The US accounted for the largest share of the nuclear medicine market in 2018.

North American nuclear medicine market

The large share can be attributed to the development of novel technologies for radioisotope production, government funding, and company initiatives in the country.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1108

What Drives the Market?

The growth of the North American nuclear medicine market is primarily influenced by the following factors:

  • Increasing Incidence and Prevalence of Target Conditions
  • Alpha Radioimmunotherapy-Based Targeted Cancer Treatment
  • Initiatives to Lessen the Demand-Supply Gap of Mo-99

Growth in the market can primarily be attributed to factors such as the increasing incidence and prevalence of cancer & cardiac ailments and initiatives to lessen the demand-supply gap of Mo-99. However, the short half-life of radiopharmaceuticals reduces their potential adoption, while hospital budget cuts and high equipment prices are expected to limit market growth to a certain extent.

Based on application, the North American nuclear medicine market is segmented into SPECT, PET, and therapeutic applications. The SPECT applications segment is further segmented into cardiology, bone scans, thyroid applications, pulmonary scans, and other SPECT applications. The thyroid applications segment is projected to register the highest growth rate in the forecast period. The high growth of this segment can be attributed to the increasing incidence and prevalence of thyroid disorders.

Request for Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1108

 

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.