Alpha Emitters Market Scope
Alpha emitters are crucial in the therapy of cancer. The properties of alpha emitters have resulted in significant distinctions between this field and other nuclear medicine fields. Alpha particles have been widely used in medical studies due to their limited range and high LET (deposit energy per unit length of passage). For example, the International Agency for Research on Cancer (IARC) expected that by 2040, the global burden of cancer will have increased to 27.5 million active cancer occurrences and 16.3 million cancer deaths, owing to population growth and aging. Cancer kills over 70% of people in low- and middle-income countries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bayer AG (Germany), IBA Radiopharma Solution (Belgium), Alpha Tau Medical Ltd (Israel), Actinium Pharmaceutical Inc. (United States), RadioMedix Inc. (United States), Fusion Pharmaceuticals (Canada) and Telix Pharmaceuticals (Australia) |
CAGR | % |
The market for alpha emitters is less competitive, with only a few big players. Market leaders include IBA Radiopharma Solutions, Bayer AG, Alpha Tau Medical Ltd, Actinium Pharmaceutical Inc., Telix Pharmaceuticals Ltd, RadioMedix Inc., and Fusion Pharmaceuticals. Mergers and acquisitions, expansions, investments, new service launches, and collaborations are some of the companies' preferred market-exploration strategies.
Bayer AG (Germany), IBA Radiopharma Solution (Belgium), Alpha Tau Medical Ltd (Israel), Actinium Pharmaceutical Inc. (United States), RadioMedix Inc. (United States), Fusion Pharmaceuticals (Canada) and Telix Pharmaceuticals (Australia) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Alpha Emitters market by Type , by Application (Pancreatic Cancer, Prostate Cancer, Ovarian Cancer and Other) and Region with country level break-up.
On the basis of geography, the market of Alpha Emitters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2021, Alpha Tau Medical Limited and Healthcare Capital Corp have signed a formal business combination agreement. This transaction will be used to fund Alpha Tau's clinical plan, which includes gaining FDA marketing authorization, doing extensive R&D, expanding manufacturing capacity, and preparing for commercialization.
In Nov 2021, RadioMedix has awarded AlphaMedix, a novel alpha-emitter-tagged peptide for the treatment of somatostatin receptor-positive neuroendocrine tumors, a USD 2 million grant to support Phase I/II clinical research.
In June 2022, US Food and Drug Administration approved innovative alpha-radiation cancer therapy Alpha DaRT of Alpha Tau Medical Ltd. this involve the Company's Investigational Device Exemption (IDE) application to initiate its multi-center pivotal study for the treatment of recurrent cutaneous Squamous Cell Carcinoma (SCC) using the Alpha DaRT
Influencing Trend:
Medical Application in Ovarian Cancer has high Demand in Market
Market Growth Drivers:
Increasing Incidence and Disorder of Target Conditions and Innovating Advanced Technology in the Market
Challenges:
High Equipment Costs and Stringent Government Rules and Regulations for New Product Approvals
Restraints:
The High Cost Required For Research & Development Activity
Opportunities:
Use of Radiopharmaceuticals in Neurological Applications and Increasing Investment and Funding For Adopting Strong Technique
Key Target Audience
Industry Association, Downstream Vendors, Alpha Emitters Manufactures, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors