MarketsandMarkets: "Radiopharmaceuticals for Therapy and PET/SPECT Imaging" Market to reach $4,734 Million by 2015

DALLAS, August 10, 2011 /PRNewswire/ --

The report "Global Radiopharmaceuticals Market (PET/SPECT Imaging & Therapy) - Current Trends & Forecasts (2010 - 2015)" analyzes the market for radiopharmaceuticals by isotopes, routes of administration, and applications; and studies the major market drivers, restraints, opportunities, and market trends for radiopharmaceuticals market in North America (U.S. and Canada), Europe, Asia, Japan, and Rest of the World.

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Radiopharmaceuticals are drugs that contain radionuclides emitting radiation and are used for disease diagnosis and treatment. Developing countries such as China, India are making ways for the radiopharmaceutical market. The global radiopharmaceutical market for therapy and PET & SPECT imaging was valued at $3,213 million in 2010 and is expected to reach $4,734 million by 2015; growing at a CAGR of 8.1%. The PET & SPECT diagnosis accounted for the largest share -90%- of the global radiopharmaceutical market. Therapy accounts for 10% of the share of the total market, growing at a CAGR of 5.4% from 2011 to 2016.

"Agreements and collaborations" and "geographic expansion" are the two main strategies adopted by the players to stay competitive in this market. Although radiopharmaceuticals are predominately used for diagnosis, SPECT held a major share (72%) in 2010, PET is expected to grow at a CAGR of 13.1% from 2010 to 2015 to occupy 30% share in 2015.

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