Nuclear Medicine Therapeutics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type, Application (Oncology, Cardiology, Thyroid , Others) and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

10.8 %

Major Players:

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Market Overview

Nuclear medicine therapeutics using radioactive sources includes treatment of the thyroid, pain palliation of bone metastasis and certain other cancers. Research is underway to develop new radiopharmaceuticals to treat different tumors. Recently, due to increasing cancer and cardiac ailments, the burden from these diseases have increased globally. This has helped in the awareness regarding nuclear medicine therapeutics among the population. Hence all these factors have helped in the growth of the market.

However, radioisotopes have short half-life, which results in faster decay. Moreover, the cost of equipment and radioisotopes themselves is high. As a result, many health providers do not invest in these therapies. These have, hence, been restraining the market growth.

Scope of the Report

Nuclear medicine therapeutics using radioactive sources includes treatment of the thyroid, certain cancers, and other diseases. 

In the report, a detailed analysis of the nuclear medicine therapeutics market is provided. The market is evaluated by collating revenues generated across segments, categorized by Type, Application, and Geography.

By Type
Alpha Emitters
Radium-223 (RA-223) & Alpharadin
Actinium-225 (AC-225)
Lead-212 (PB-212)/Bismuth-212 (BI-212)
Others
Beta Emitters
Iodine-131 (I-131)
Yttrium-90 (Y-90)
Others
Brachytherapy
Cesium-131
Iodine-125
Others
By Application
Oncology
Cardiology
Thyroid
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia- Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle- East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Application in Oncology is Expected to Dominate the Market

According to World Health Organization (WHO) 2018 data on cancer, the global cancer burden is estimated to have risen to 18.1 million new cases and 9.6 million deaths in 2018. Moreover, Cancer Research UK suggests that the population suffering from cancer is expected to increase in the future. As per the report, if recent trends in incidence of major cancers and population growth are consistent, it is predicted there will be 27.5 million new cancer cases worldwide each year by 2040. This is an increase of 61.7% from 2018 (17 million as per Cancer Research UK).

Nuclear medicine offers therapeutic procedures, such as radioactive iodine (I-131) therapy that use small amounts of radioactive material to treat the cancer. Non-Hodgkin's lymphoma patients who do not respond to chemotherapy may undergo radioimmunotherapy (RIT), which is a personalized cancer treatment that combines radiation therapy with the targeting ability of immunotherapy, a treatment that mimics cellular activity in the body's immune system. Hence as the incidence of cancer increases, the demand for nuclear medicine therapeutics is also expected to icnrease.

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North America is Expected to Show High Growth Over the Forecasted Period

The prevalence of cancer is one of the highest in North American countries of the United States (US) and Canada. Cardiac disorders are also prevalent in the US and Mexico. However, the United States (US) and Canada have a developed and well-structured health care system, and Mexico is also coping up with these counties. These systems thus encourages research and development. These policies encourage global players to enter the US and Canada.

Hence as a result, these countries enjoy the presence of many global market players. As high and increasing demand is met by the presence of global players in the region, the market is further expected to increase.

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Competitive Landscape

Majority of the nuclear medicine therapeutics products are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Cancer and Cardiac Ailments

      2. 4.2.2 Growing Awareness Regarding the Nuclear Medicine

    3. 4.3 Market Restraints

      1. 4.3.1 Short Half-Life of Radiopharmaceuticals

      2. 4.3.2 High capital investment

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Alpha Emitters

        1. 5.1.1.1 Radium-223 (RA-223) & Alpharadin

        2. 5.1.1.2 Actinium-225 (AC-225)

        3. 5.1.1.3 Lead-212 (PB-212)/Bismuth-212 (BI-212)

        4. 5.1.1.4 Others

      2. 5.1.2 Beta Emitters

        1. 5.1.2.1 Iodine-131 (I-131)

        2. 5.1.2.2 Yttrium-90 (Y-90)

        3. 5.1.2.3 Others

      3. 5.1.3 Brachytherapy

        1. 5.1.3.1 Cesium-131

        2. 5.1.3.2 Iodine-125

        3. 5.1.3.3 Others

    2. 5.2 By Application

      1. 5.2.1 Oncology

      2. 5.2.2 Cardiology

      3. 5.2.3 Thyroid

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia- Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle- East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Actinium Pharmaceutical Inc.

      2. 6.1.2 Alpha Tau Medical Ltd

      3. 6.1.3 Bayer AG

      4. 6.1.4 Fusion Pharmaceuticals

      5. 6.1.5 IBA Radiopharma Solutions

      6. 6.1.6 RadioMedix Inc.

      7. 6.1.7 Telix Pharmaceuticals Ltd

      8. 6.1.8 NTP Radioisotopes

      9. 6.1.9 Triad Isotopes (Jubilant Life Sciences)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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