Global Nuclear Medicine Market Overview:
Nuclear medicine is a medical specialty involving the application of radioactive substances in the diagnosis and treatment of disease. Nuclear medicine procedures are used in diagnosing and treating certain illnesses. These procedures use radioactive materials called radiopharmaceuticals. Examples of diseases treated with nuclear medicine procedures are hyperthyroidism, thyroid cancer, lymphomas, and bone pain from some types of cancer.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Alpha Radioimmunotherapy-Based Targeted Cancer Treatment
Market Growth Drivers:
Increasing Incidence and Prevalence of Target Conditions and Initiatives to Lessen the Demand-Supply Gap of Mo-99
Challenges:
Hospital Budget Cuts and High Equipment Prices
Restraints:
Short Half-Life of Radiopharmaceuticals
Opportunities:
Use of Radiopharmaceuticals in Neurological Applications
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Cardinal Health (United States), GE Healthcare (United States), Curium (France), Lantheus Medical Imaging (United States), Bayer AG (Germany), Bracco Imaging (Italy), Eczacıbaşı-Monrol Nuclear Products (Turkey), Nordion (Canada), Advanced Accelerator Applications (France) and NTP Radioisotopes (South Africa). Additionally, following companies can also be profiled that are part of our coverage like JSC Isotope (Russia), NorthStar Medical Radioisotopes (United States), Eckert & Ziegler (Germany) and Jubilant DraxImage (Canada). Analyst at AMA Research see United States Players to retain maximum share of Global Nuclear Medicine market by 2027. Considering Market by Procedural Volume Assessment, the sub-segment i.e. Diagnostic Procedures will boost the Nuclear Medicine market. Considering Market by End Use, the sub-segment i.e. Hospitals will boost the Nuclear Medicine market.
Latest Market Insights:
In 2019. Curium acquired MAP Medical, which will help it to increase its footprint in Europe with direct access to Nordic and Baltic countries.
What Can be Explored with the Nuclear Medicine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Nuclear Medicine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Nuclear Medicine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nuclear Medicine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Nuclear Medicine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Nuclear Medicine Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.