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Nuclear Medicine Market- Global Industry Size, Share, Trends, Ciompetition, Opportunity and Forecast, 2017-2027

Segmented By Type ((Diagnostic Nuclear Medicine (SPECT Radiopharmaceuticals & PET Radiopharmaceuticals))& Therapeutic Nuclear Medicine (Beta Emitters, Alpha Emitters & Brachytherapy Isotopes)), By Application (Oncology, Cardiology, Neurology, Others), By End Use (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutions, Others), By Region

Nuclear Medicine Market- Global Industry Size, Share, Trends, Ciompetition, Opportunity and Forecast, 2017-2027 Segmented By Type ((Diagnostic Nuclear Medicine (SPECT Radiopharmaceuticals & PET Radiopharmaceuticals))& Therapeutic Nuclear Medicine (Beta Emitters, Alpha Emitters & Brachytherapy Isotopes)), By Application (Oncology, Cardiology, Neurology, Others), By End Use (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutions, Others), By Region

Global nuclear medicine market is expected to grow at a CAGR of 9.32% and reach USD8804.54 million through 2027. This can be attributed to the increasing cases of chronic diseases. The need for finding better cure for the ailments caused due to the multiple chronic diseases has significantly increased the demand for novel techniques such as nuclear medicine. Additionally, the growing demand for nuclear medicine and imaging has significantly led companies to focus on this sector which has made companies increase their research & development activities and introduce new products in the market. For instance, in March 2021, GE Healthcare introduced StarGuide. StarGuide is a nuclear imaging system developed to improve patient outcomes in therapeutic areas such as neurology, cardiology, and oncology.
Growing Popularity of Personalized Treatment
Precision medicine is an emerging trend in the healthcare industry that refers to providing disease treatment and prevention, considering the individual's genetic makeup, variability in genes, environment, and the patient's lifestyle. Other factors such as the patient's age, gender, and pre-existing conditions are also considered. Precision medicine uses data and genomics to provide treatment to the patient. The growing popularity of targeted radionuclide therapy provides efficacious treatment modalities against cancer. The growing popularity of precision medicine has significantly increased the demand for nuclear medicine.
Increasing Geriatric Population
According to the WHO, the number of people aged 60 and up is rising, as is their population proportion. The number of persons aged 60 and up reached one billion in 2019. By 2030, this number will rise to 1.4 billion; by 2050, it will rise to 2.1 billion. This rise is occurring at an unprecedented rate and is expected to intensify in the next decades, especially in emerging countries. The elderly population is much more prone to health ailments and diseases, which drives the market in the forecast period. Healthcare is also improving due to the initiatives by the government; for example, there is the availability of free medical facilities for elderly people in the U.K.
Increasing Cases of Cancer Drives the Global Nuclear Medicine Market
The cases of cancer are increasing rapidly. As mentioned by WHO, some of the most common cancer types are the breast, lung, colon and rectum, and prostate. These types of cancers are prevalent globally. This has resulted in the death of 10 million people globally in 2020, which means that one out of every six deaths worldwide is due to the different types of cancer. Thus, nuclear medicine is in demand for the early detection and diagnosis of cancer. Cancer has a high chance of curing if detected at the early stage, as the early diagnosis of cancer helps cure the ailment much faster & effectively, thus, driving the demand for nuclear medicine in developed countries as well in numerous developing countries.
Improved Advancements in Nuclear Imaging Techniques
The number of nuclear medicine procedures is increasing. This can be ascribed to the continuous improvement in the accuracy of detection, localization, and characterization of disease through PET and SPECT. PET and SPECT are among the nuclear medicine radiology modalities employed in clinical settings. As per the Society of Nuclear Medicine, every year, millions of nuclear medicine procedures are performed with radiopharmaceuticals and imaging instruments to diagnose disease and deliver targeted treatments in the countries across the region. These techniques have also been adopted in immunology, infection, gastroenterology, cardiology, oncology, neurology, and psychiatry, among other fields, for diagnosis and other applications. Advanced nuclear medicines and modern nuclear imaging equipment are aiding in accurate diagnosis of diseases in a comparatively shorter duration. The continuous development of new radiopharmaceuticals for the PET/CT and SPECT/CT platforms, which are used in novel clinical applications such as neurology and orthopedics, along with the increasing accuracy of different tumor staging methods, are further contributing to the market growth. In September 2020, Curium launched Detectnet, a positron emission tomography (PET) agent, indicated for the localization of somatostatin receptor-positive neuroendocrine tumors (NETs) in adult patients. Thus, the technological advancements
Market Segmentation
The global nuclear medicine market is segmented based on type, diagnostic nuclear medicine, therapeutic nuclear medicine, application, end use and region. Based on type, the global nuclear medicine market can be split into diagnostic nuclear medicine, therapeutic nuclear medicine. Based on diagnostic nuclear medicine, market can be further categorized into SPECT radiopharmaceuticals, PET radiopharmaceuticals. Based on therapeutic nuclear medicine, the market can be categorized into beta emitters, alpha emitters, brachytherapy isotopes. Based on application, the market can be categorized into oncology, cardiology, neurology, and others. Based on end use, market can be classified into hospitals & clinics, diagnostic centers, academic & research institutions, and others. By region it is split into North America, South America, Europe, Asia Pacific, Middle East & Africa. The United States nuclear medicine market is expected to grow at a CAGR of 9.55% and reach USD2388.71 million in 2027.
Company Profiles
Major companies in the market are Cardinal Health, Inc., Curium SAS, GE Healthcare, Inc., Novartis (Advanced Accelerator Applications SA), Lantheus Medical Imaging, Inc. Bayer AG, Bracco Imaging S.p.A and others. Major players operating in the market are following strategies such as mergers and acquisitions, among others, to stay competitive and have an edge over other players in the market.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year:2022E
Forecast Period: 2023F–2027F

Report Scope:

In this report, global nuclear medicine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Global Nuclear Medicine Market, By Type:
oDiagnostic Nuclear Medicine
oTherapeutic Nuclear Medicine
•Global Nuclear Medicine Market, By Diagnostic Nuclear Medicine:
oSPECT Radiopharmaceuticals
oPET Radiopharmaceuticals
•Global Nuclear Medicine Market, By Therapeutic Nuclear Medicine:
oBeta Emitters
oAlpha Emitters
oBrachytherapy Isotopes
•Global Nuclear Medicine Market, By Application:
oOncology
oCardiology
oNeurology
oOthers
•Global Nuclear Medicine Market, By End Use:
oHospitals & Clinics
oDiagnostic Centers
oAcademic & Research Institutions
oOthers
•Global Nuclear Medicine Market, By Region:
oNorth America
United States
Canada
Mexico
oEurope
Germany
France
United Kingdom
Italy
Spain
oAsia Pacific
China
Japan
India
Australia
South Korea
oSouth America
Brazil
Argentina
Colombia
oMiddle East & Africa
South Africa
UAE
Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global nuclear medicine market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Table of Content
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on Global Nuclear Medicine Market
5.Voice of Customer
5.1.Nuclear Medicine Awareness
5.2.Brand Awareness
5.3.Barriers to Adoption of Nuclear Medicine
6.Global Nuclear Medicine Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value
6.2.Market Share & Forecast
6.2.1.By Type (Diagnostic Nuclear Medicine, Therapeutic Nuclear Medicine)
6.2.1.1.By Diagnostic Nuclear Medicine (SPECT Radiopharmaceuticals, PET Radiopharmaceuticals)
6.2.1.2.By Therapeutic Nuclear Medicine (Beta Emitters, Alpha Emitters, Brachytherapy Isotopes)
6.2.2.By Application (Oncology, Cardiology, Neurology, Others {Respiratory, Musculoskeletal System Diseases, Thyroid, etc.})
6.2.3.By End User (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutions, Others {Pharmaceutical Companies, Ambulatory Centers etc.})
6.2.4.By Region
6.2.5.By Company (2021)
6.3.Product Market Map(By Type, By Application, By End User, By Region)
7.North America Nuclear Medicine Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value
7.2.Market Share & Forecast
7.2.1.By Type
7.2.1.1.By Diagnostic Nuclear Medicine
7.2.1.2.By Therapeutic Nuclear Medicine
7.2.2.By Application
7.2.3.By End User
7.2.4.By Country
7.3.North America: Country Analysis
7.3.1.United States Nuclear Medicine Market Outlook
7.3.1.1.Market Size & Forecast
7.3.1.1.1.By Value
7.3.1.2.Market Share & Forecast
7.3.1.2.1.By Type
7.3.1.2.2.By Application
7.3.1.2.3.By End User
7.3.2.Canada Nuclear Medicine Market Outlook
7.3.2.1.Market Size & Forecast
7.3.2.1.1.By Value
7.3.2.2.Market Share & Forecast
7.3.2.2.1.By Type
7.3.2.2.2.By Application
7.3.2.2.3.By End User
7.3.3.Mexico Nuclear Medicine Market Outlook
7.3.3.1.Market Size & Forecast
7.3.3.1.1.By Value
7.3.3.2.Market Share & Forecast
7.3.3.2.1.By Type
7.3.3.2.2.By Application
7.3.3.2.3.By End User
8.Europe Nuclear Medicine Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value
8.2.Market Share & Forecast
8.2.1.By Type
8.2.1.1.By Diagnostic Nuclear Medicine
8.2.1.2.By Therapeutic Nuclear Medicine
8.2.2.By Application
8.2.3.By End User
8.2.4.By Country
8.3.Europe: Country Analysis
8.3.1.Germany Nuclear Medicine Market Outlook
8.3.1.1.Market Size & Forecast
8.3.1.1.1.By Value
8.3.1.2.Market Share & Forecast
8.3.1.2.1.By Type
8.3.1.2.2.By Application
8.3.1.2.3.By End User
8.3.2.France Nuclear Medicine Market Outlook
8.3.2.1.Market Size & Forecast
8.3.2.1.1.By Value
8.3.2.2.Market Share & Forecast
8.3.2.2.1.By Type
8.3.2.2.2.By Application
8.3.2.2.3.By End User
8.3.3.United Kingdom Nuclear Medicine Market Outlook
8.3.3.1.Market Size & Forecast
8.3.3.1.1.By Value
8.3.3.2.Market Share & Forecast
8.3.3.2.1.By Type
8.3.3.2.2.By Application
8.3.3.2.3.By End User
8.3.4.Italy Nuclear Medicine Market Outlook
8.3.4.1.Market Size & Forecast
8.3.4.1.1.By Value
8.3.4.2.Market Share & Forecast
8.3.4.2.1.By Type
8.3.4.2.2.By Application
8.3.4.2.3.By End User
8.3.5.Spain Nuclear Medicine Market Outlook
8.3.5.1.Market Size & Forecast
8.3.5.1.1.By Value
8.3.5.2.Market Share & Forecast
8.3.5.2.1.By Type
8.3.5.2.2.By Application
8.3.5.2.3.By End User
9.Asia Pacific Nuclear Medicine Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value
9.2.Market Share & Forecast
9.2.1.By Type
9.2.1.1.By Diagnostic Nuclear Medicine
9.2.1.2.By Therapeutic Nuclear Medicine
9.2.2.By Application
9.2.3.By End User
9.2.4.By Country
9.3.Asia Pacific: Country Analysis
9.3.1.China Nuclear Medicine Market Outlook
9.3.1.1.Market Size & Forecast
9.3.1.1.1.By Value
9.3.1.2.Market Share & Forecast
9.3.1.2.1.By Type
9.3.1.2.2.By Application
9.3.1.2.3.By End User
9.3.2.Japan Nuclear Medicine Market Outlook
9.3.2.1.Market Size & Forecast
9.3.2.1.1.By Value
9.3.2.2.Market Share & Forecast
9.3.2.2.1.By Type
9.3.2.2.2.By Application
9.3.2.2.3.By End User
9.3.3.India Nuclear Medicine Market Outlook
9.3.3.1.Market Size & Forecast
9.3.3.1.1.By Value
9.3.3.2.Market Share & Forecast
9.3.3.2.1.By Type
9.3.3.2.2.By Application
9.3.3.2.3.By End User
9.3.4.Australia Nuclear Medicine Market Outlook
9.3.4.1.Market Size & Forecast
9.3.4.1.1.By Value
9.3.4.2.Market Share & Forecast
9.3.4.2.1.By Type
9.3.4.2.2.By Application
9.3.4.2.3.By End User
9.3.5.South Korea Nuclear Medicine Market Outlook
9.3.5.1.Market Size & Forecast
9.3.5.1.1.By Value
9.3.5.2.Market Share & Forecast
9.3.5.2.1.By Type
9.3.5.2.2.By Application
9.3.5.2.3.By End User
10.South America Nuclear Medicine Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value
10.2.Market Share & Forecast
10.2.1.By Type
10.2.1.1.By Diagnostic Nuclear Medicine
10.2.1.2.By Therapeutic Nuclear Medicine
10.2.2.By Application
10.2.3.By End User
10.2.4.By Country
11.South America: Country Analysis
11.1.1.Brazil Nuclear Medicine Market Outlook
11.1.1.1.Market Size & Forecast
11.1.1.1.1.By Value
11.1.1.2.Market Share & Forecast
11.1.1.2.1.By Type
11.1.1.2.2.By Application
11.1.1.2.3.By End User
11.1.2.Argentina Nuclear Medicine Market Outlook
11.1.2.1.Market Size & Forecast
11.1.2.1.1.By Value
11.1.2.2.Market Share & Forecast
11.1.2.2.1.By Type
11.1.2.2.2.By Application
11.1.2.2.3.By End User
11.1.3.Colombia Nuclear Medicine Market Outlook
11.1.3.1.Market Size & Forecast
11.1.3.1.1.By Value
11.1.3.2.Market Share & Forecast
11.1.3.2.1.By Type
11.1.3.2.2.By Application
11.1.3.2.3.By End User
12.Middle East and Africa Nuclear Medicine Market Outlook
12.1.Market Size & Forecast
12.1.1.By Value
12.2.Market Share & Forecast
12.2.1.By Type
12.2.1.1.By Diagnostic Nuclear Medicine
12.2.1.2.By Therapeutic Nuclear Medicine
12.2.2.By Application
12.2.3.By End User
12.2.4.By Country
12.3.Middle East and Africa: Country Analysis
12.3.1.South Africa Nuclear Medicine Market Outlook
12.3.1.1.Market Size & Forecast
12.3.1.1.1.By Value
12.3.1.2.Market Share & Forecast
12.3.1.2.1.By Type
12.3.1.2.2.By Application
12.3.1.2.3.By End User
12.3.2.UAE Nuclear Medicine Market Outlook
12.3.2.1.Market Size & Forecast
12.3.2.1.1.By Value
12.3.2.2.Market Share & Forecast
12.3.2.2.1.By Type
12.3.2.2.2.By Application
12.3.2.2.3.By End User
12.3.3.Saudi Arabia Nuclear Medicine Market Outlook
12.3.3.1.Market Size & Forecast
12.3.3.1.1.By Value
12.3.3.2.Market Share & Forecast
12.3.3.2.1.By Type
12.3.3.2.2.By Application
12.3.3.2.3.By End User
13.Market Dynamics
13.1.Drivers
13.2.Challenges
14.Market Trends and Developments
15.
Competitive Landscape

15.1.Cardinal Health, Inc.
15.2.Curium SAS
15.3.GE Healthcare Inc.
15.4.Advanced Accelerator Applications SA (Novartis AG)
15.5.Lantheus Medical Imaging, Inc.
15.6.Bayer AG
15.7.Bracco Imaging S.p.A
15.8.Nordion (Canada) Inc.
15.9.Isotopia Molecular Imaging Limited
15.10.NorthStar Medical Radioisotopes, LLC
16.Strategic Recommendations

Report Title: Nuclear Medicine Market- Global Industry Size, Share, Trends, Ciompetition, Opportunity and Forecast, 2017-2027 Segmented By Type ((Diagnostic Nuclear Medicine (SPECT Radiopharmaceuticals & PET Radiopharmaceuticals))& Therapeutic Nuclear Medicine (Beta Emitters, Alpha Emitters & Brachytherapy Isotopes)), By Application (Oncology, Cardiology, Neurology, Others), By End Use (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutions, Others), By Region


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