Rockville, Maryland, United States- - As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global nuclear medicine radioisotopes market is valued at US$ 8.82 billion in 2023 and is predicted to reach US$ 19.04 billion by the end of 2033.
Medical radioisotopes are harmless radioactive compounds that are typically employed in the diagnosis of medical disorders. These radioisotopes release gamma rays that are powerful enough to escape the body when they are used to diagnose a disease.
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Dales of nuclear medicine radioisotopes are expected to rise rapidly during the forecast period due to the increasing rate of cancer cases and growing public knowledge of nuclear therapies. A radiopharmaceutical is a pharmaceutical formulation containing radioactive isotopes used in diagnosis and treatment. They are small, straightforward radioactive compounds used to treat cancer, heart and neurological diseases.
For oncology and treatment for cancer, therapeutic radioisotopes are replacing traditional chemotherapy procedures because they are more practical, which is further generating new opportunities in the nuclear medicine radioisotopes market. Furthermore, when compared to X-Rays and other external radiation imaging systems, radioisotopes serve as an accurate & safe alternative for patients as well as aiding doctors during diagnosis.
The technetium-99 radioisotope is expected to account for a sizable share of the global market in 2023 due to its expanding use in diagnostics.
Key Takeaways from Market Study
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The nuclear medicine radioisotopes market is highly competitive. To improve their market position and earn more revenue, key players in the nuclear medicine radioisotopes market are focusing on local supply marketing, they are changing pricing trends and product standards according to the regional users’ demands and needs.
Key Companies Profiled
“North America & Europe are leading regional markets for nuclear medicine radioisotopes due to the presence of key market players,” says a Fact.MR analyst.
Recent Market Developments
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Segments of Nuclear Medicine Radioisotopes Industry Research
By Radioisotope Type:
By End User:
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global nuclear medicine radioisotopes market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market on the basis of radioisotope type (technetium-99m (Tc-99m), thallium-201 (Tl-201), gallium-67 (Ga-67), iodine (I-123)), application (cardiology, oncology, neurology, lymphoma, thyroid), and end user (hospitals, diagnostic centers, specialty clinics, education & research institutes), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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