Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

At CAGR of 4.9%, Radiopharmaceutical Market Size Worth USD 8832.7 Mn by 2028 Reported by Brandessence Market Research

This image opens in the lightbox

News provided by

Brandessence Market Research And Consulting Private Limited

20 Jan, 2023, 08:29 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, Jan. 20, 2023 /PRNewswire/ -- The Global Radiopharmaceutical Market was worth USD 6319.2 million in 2021. It is expected for the industry to garner a valuation of USD 8832.7 million by 2028, registering a CAGR of 4.9% over  the  forecast duration of 2022-2028.

Radiopharmaceuticals are referred to as pharmaceutical components that are predominantly used in the medical sector for the diagnosis and treatment of various ailments. They mostly contain radioactive isotopes that have the ability to bind with biological molecules. This bonding capacity of these isotopes enables them to target the designated cells, tissues, or organs inside the human body. Radiopharmaceutical drugs can be administered to patients in various forms.    

Get Sample of Report@ https://brandessenceresearch.com/downloadSample/PostId/415

Global Radiopharmaceutical Market Outlook (2022-2029)

The growing prevalence of cancer, the booming biotech and pharmaceutical sectors, along with the increasing popularity of nuclear medicines are primarily augmenting the outlook of this business vertical.

Furthermore, the rising usage of medical imaging technologies for disease diagnosis and growing healthcare expenditure in various regionals are creating lucrative opportunities for this marketplace to prosper.

Alongside, technological evolution in the field, rapidly developing healthcare infrastructure in numerous nations coupled with growing R&D activities in this sector are adding momentum to the progression of Global Radiopharmaceutical Market.

Besides, escalating demand for early disease diagnosis and treatment is another growth catalyst for this industry sphere.

On the flipside, shorter shelf life of radiopharmaceuticals along with their high costs are hindering the remuneration scope of this market vertical.   

Russia vs Ukraine war heavily impacted Radiopharmaceutical industry

The ongoing border disputes between Russia and Ukraine has taken the world by storm. Russia's efforts to invade Ukraine has wrecked a havoc in the country with millions of people losing their lives. The war is also having a significant impact on various market verticals across the globe.

Radiopharmaceutical industry is one such sector which has been heavily impacted by the war. It is worth noting that, radiopharmaceuticals are radioisotope based pharmaceutical agents that are predominantly used to treat and diagnose various diseases. Isotopes are the primary components of these pharmaceutical agents, and Russia is undoubtedly one of the primary commercial suppliers of major isotopes.

Nations like the U.S. imports isotopes from Russia for use in various pharmaceutical and industrial applications. But the ongoing war has disrupted the entire supply chain of this industry. Various countries solely rely on Russia for related raw materials or fully developed isotopes. But the war has led to a massive surge in commodity prices while dramatically increasing the import-export restrictions. Apart from that, numerous countries have  decided to stand in solidarity with Ukraine which in turn affected their trade relations with Russia. The nuclear medicine market which also houses radiopharmaceuticals has been hit hard by the ongoing disputes between the two nations

Competitive Hierarchy

The prominent players influencing the ongoing trends of the Global Radiopharmaceutical Market are Cardinal Health, Inc., Eczacibasi-Monrol Nuclear Products, GE Healthcare, Bracco Imaging S.p.A, Nordion, Inc., Bayer Healthcare, Advanced Accelerator Applications S.A., IBA Molecular Imaging, Lantheus Medical Imaging, Inc., Jubilant Pharma, Mallinckrodt plc, and Siemens Healthcare.

These companies have shifted their focus towards the development of efficient entities in this sector. This in turn will allow them to strengthen their overall product portfolio and give them a competitive advantage against their key competitors.

Segmental Outlook

By Type

  • Diagnostic Radiopharmaceuticals
  • Therapeutic radiopharmaceuticals

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Others

By Application

  • Cardiology
  • Neurology
  • Oncology
  • Other

Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/415

Region-Wise Outlook

Which is the leading region in the Global Radiopharmaceutical Market?

North America is presently leading the market in terms of volume share. This is attributable to the growing prevalence of inflammatory chronic ailments, increasing healthcare expenditure, and technological advancements in the field.

How is Asia Pacific faring in this industry vertical?

Asia Pacific is reckoned to account for a substantial revenue share over the stipulated timeline. This is ascribed to the surging pervasiveness of cancer, rise in the geriatric population base, elevating demand for early disease diagnosis and treatment, along with increasing medical research activities in the region.

Category-Wise Insights

Which is the dominant type segment in this business sphere?

The therapeutical radiopharmaceuticals segment is currently dominating the industry in terms of market share. This is due to the increasing occurrences of chronic inflammatory illnesses and efficacy of radioactive drugs in treating chronic pains.

Which application sector is expected to amass notable gains over 2022-2028?

The oncology segment is projected to generate significant returns over the assessment timeline owing to the rising incidence of cancer across the globe.

Comparing the historical outlook and ongoing trends of this market

This industry sphere has been accruing robust revenue shares over the forecast  duration due to the positive impact of various development propellants.

There has been a growing prevalence of chronic diseases like COPD, cancer, and diabetes, among others. This is primarily credited to the changing lifestyle and dietary trends, increasing instances of food adulteration, and growing pollution levels, among others. With growing disease burden, the demand for efficient and fast paced diagnostic methods have also escalated dramatically. It is evident that the radioactive isotopes present in radiopharmaceutical agents can easily identify diseased cells, tissues, and organs. This in turn is increasing the adoption in the disease diagnostics vertical.

Radiopharmaceutical drugs are excellent pain-relieving components. Patients are administered with these drugs when they experience extreme chronic disorder triggered aches. In such cases, these radioactive components are directly injected into the patient's body. These medication then travels into the bones and provides instant pain relief. These factors are stimulating the overall dynamics of this market.

Surge in the geriatric population base is another factor accelerating the expansion of this market. Due to weakened immune system and other reasons, elderly individuals are susceptible to chronic disorders and pains. Radiopharmaceutical agents are quite effective in treating the symptoms of various ailments like cancer and arthritis, among others. This in turn is adding traction to the development of this marketplace.

On Special Requirement Radiopharmaceutical Market Report is also available for below region:

North America
  • U.S, Canada
Europe
  • Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

Major Developments

In November 2020, Fusion Pharmaceuticals joined hands with AstraZeneca to develop and commercialize next-gen alpha emission radiopharmaceutical entities aimed at treating cancer.

Purchase Copy of Report @ https://brandessenceresearch.com/Checkout?report_id=415

Related Reports:
  • Psychedelic Drugs Market to Reach USD 11.82 Billion by 2029 | Brandessence Market Research
  • Oat Milk Market Worth USD 8153.7 Million By 2028 With CAGR 10.1% - Exclusive Report By Brandessence Market Research
  • Global Nebulizer Market Size Surpass USD 1578.74 Mn By 2028, At 6.90% CAGR says Brandessence Market Research
  • Automotive Radar Market to Reach USD 11.99 Billion, Globally, by 2028 at 13.78% CAGR: Brandessence Market Research
  • Over-the-Counter (OTC) Analgesics Market Size to Worth Around USD 38.45 Billion by 2029, Says Brandessence Market Research
  • Home Health Hubs Market – Industry Trends and Forecast to 2029
  • Acute Repetitive Seizures Market 2023 Size, Status and Forecast | Alexza Pharmaceuticals, Bausch Health, Neurelis, Inc., Pfizer Inc.
  • Blockchain in healthcare Market by Network Type, End User, Application and Key Geographical Regions: Industry Trends and Global Forecasts, 2022-2029
  • Artificial Intelligence in Healthcare Market is Booming with a Large Industrial Scope | Report Analysis on Expansion, Share, Revenue, Latest and Future Trends (2022-2029)
  • Preventive Healthcare Market Growth Trends 2023 Latest Challenges, Recent Opportunities, Emerging Technologies, Business Share and Size Forecast to 2029
  • Top 10 Synthetic Biology Companies 2023
  • Top Conversational AI Companies 2023

Brandessence Market Research & Consulting Pvt ltd. 

Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London. 

Follow Us: LinkedIn  

Blog:What is Market Research?
What is Market Sizing? How to Measure Your TAM, SAM, and SOM

Contact: 
Mr. Vishal Sawant  
Email: vishal@brandessenceresearch.com  
Email: Sales@brandessenceresearch.com  
Corporate Sales: +44-2038074155  
Asia Office: +917447409162 

Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.