Reports
The nuclear medicine industry is experiencing historic growth due to advancing technology in imaging equipment combined with the rising incidence of chronic diseases.
PET and SPECT imaging technologies are advancing, thereby increasing diagnostic capability, enabling early detection of disease like cancer and cardiovascular disease and hence treating them accordingly. In addition, an expanding geriatric population are fueling diagnostics demand, thereby also driving market growth.
However, growth will be constrained by regulatory problems and the cost of nuclear medicine tests. Unavailability of certain isotopes also creates supply chain challenges.
Nuclear medicine implies a medical imaging subspecialty that uses radiopharmaceuticals or radioactive medications to diagnose and treat disease. It is one of the valuable resources for the early diagnosis of diseases such as cardiovascular disease, cancer, and neurological disorders.
Nuclear medicine lets physicians to visualize the way tissues and organs are functioning by introducing small quantities of radioactive material into the body, thereby providing information not found using the other forms of standard imaging.
These tests are non-painful and may be performed by single photon emission computed tomography (SPECT) and positron emission tomography (PET). Apart from diagnosis, nuclear medicine is also delivered as targeted radionuclide therapy, with the potential to target cancer cells for selective destruction.
As technological advancements and radiopharmaceutical development go on a day-to-day basis, so does the field, with opportunities for more favorable outcomes and individually adapted treatment regimens. Combined, nuclear medicine makes a substantial contribution to healthcare in today's world, having a dramatic effect on the diagnosis and treatment of patients.
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Market Drivers |
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Rise in adoption of hybrid imaging systems is one of the key drivers to the nuclear medicine market owing to medical professionals being drawn to more advanced diagnostic methods. Hybrid imaging does combine two or more modalities such as positron emission tomography (PET) and computed tomography (CT) for creating both - functional and anatomical data in a single scan. This enables higher diagnostic accuracy whereby disease is localized precisely along with treatment planning.
While hospitals and imaging centers are spending more on new technology, hybrid systems are in greater demand than ever before. Not only are they ideal for cancer detection, but also for observing how a patient reacts to treatment and thus of very high value in oncology, cardiology, and neurology. That they also enhance workflow and reduce patient exposure to radiation just makes them all the more appealing.
The nuclear medicine sector is also experiencing tremendous growth on the account of these technological innovations coupled with a universal prevalence of chronic illnesses. As healthcare infrastructure worldwide focuses on early diagnosis and personalized care, the intersection of hybrid imaging solution and nuclear medicine will continue to be a prime determinant of nuclear medicine future, touting enhanced patient care and efficiency in medical imaging as a whole.
Early and accurate diagnosis is one of the driving factors in nuclear medicine. Early diagnosis of diseases, particularly diseases like cancer, cardiovascular diseases, and neurological diseases, has become more pronounced in medical advancement. Nuclear medicine capitalizes on the application of radiopharmaceuticals for visualization of the body's metabolic processes and thus for physicians to find abnormalities early.
The ability to make timely and correct diagnosis is crucial for successful treatment planning and better patient outcomes. Both - the physician and the patient are well-versed with the advantages of detection of disease at an early stage, and thus there is a rising need for newer imaging techniques that nuclear medicine must deliver. A population boom of older individuals worldwide also creates the demand as patients who are old have a higher susceptibility toward chronic disease that needs to be searched frequently.
As a result, the nuclear medicine market is observed to be expanding rapidly, boosted by technological progress in imaging and new radiopharmaceuticals. Emphasis on pre-symptomatic diagnosis optimizes the efficacy of treatment as much as it fuels a move toward targeted or personalized medicine, where treatment can be tailored to meet the individual's specific requirements based on accurate diagnostic information.
Diagnostic product solutions are leading the nuclear medicine market as they have a key function in detecting disease at an early stage and curing patients. These products, e.g., radiopharmaceuticals and scanners, enable physicians to image precisely physiological functions, thus helping physicians detect diseases such as cancer, cardiovascular diseases, and neurological diseases. The increasing incidence of chronic diseases and the increasing focus on preventive medicine are driving demand for more advanced diagnostic technology.
Innovation in imaging technologies such as PET and SPECT, which offer better quality of diagnosis and ease of use, is a key driver. Not only do these methods produce images of higher quality, but also reduce patient exposure to radiation, and are therefore increasingly sought after by providers and patients. Besides, patient education regarding the benefits of early diagnosis supports an active healthcare trend, which, in turn, raises demand for nuclear medicine diagnostic products. With healthcare systems focusing on time and accuracy in diagnostics, the market will be dominated by the diagnostics segment, boosting growth and expansion in the nuclear medicine market.
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Leading Region |
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North America holds the largest share in the nuclear medicine market due to a combination of high-end healthcare infrastructure, R&D spending, and prevalence of chronic illnesses. The region has several of the world's top-notch medical facilities and high emphasis on early disease diagnosis and precision medicine, thus driving the usage of nuclear medicine technology. It is also the foundation for industry giants and newcomers that form a competitive arena in which growth is being fueled at an extremely fast pace.
Among the leading causes for market leadership is increasing adoption of hybrid imaging equipment such as PET/CT and SPECT/CT that enhance patient outcomes and diagnostic efficiency. The technology is used at a larger scale in North American health centers, thereby strengthening the region's market leadership. In addition, good regulatory conditions coupled with governments’ support toward improving the quality of healthcare services strengthen growth in the nuclear medicine sector.
Key players in the global nuclear medicine market are investing in technological advancements, innovation, and forming alliances. Their objective is to improve the accuracy of testing, diversify their products, and gain a better market presence in order to be ahead of the curve in the evolving healthcare market.
Cardinal Health, Jubilant Pharma Company, The Bracco Group, Nordion (Canada) Inc., NTP Radioisotopes SOC Ltd., ECZACIBAŞI-MONROL, Lantheus, China lsotope & Radiation Corporation, Eckert & Ziegler Medical, Mallinckrodt plc, GE HealthCare, Blue Earth Diagnostics, NorthStar Medical Radioisotopes, LLC, B. J. Madan & Co, Curium Pharma, Novartis AG, Bayer AG are some of the leading players.
Each of these players has been profiled in the nuclear medicine industry research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Size in 2024 | US$ 18.6 Bn |
Forecast Value in 2035 | US$ 57.3 Bn |
CAGR | 10.8% |
Forecast Period | 2025-2035 |
Historical Data Available for | 2020-2023 |
Quantitative Units | US$ Bn |
Nuclear Medicine Market Analysis | It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, value chain analysis, and key trend analysis. |
Competition Landscape |
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Format | Electronic (PDF) + Excel |
Segmentation | Product Type
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope | Available upon request |
Pricing | Available upon request |
It was valued at US$ 18.6 Bn in 2024
It is projected to cross US$ 57.3 Bn by the end of 2035
Growing adoption of hybrid imaging systems and increased demand for early and accurate diagnosis
It is anticipated to grow at a CAGR of 10.8% from 2025 to 2035
North America is expected to account for the largest share from 2025 to 2035
Cardinal Health, Jubilant Pharma Company, The Bracco Group, Nordion (Canada) Inc., NTP Radioisotopes SOC Ltd., ECZACIBAŞI-MONROL, Lantheus, China lsotope & Radiation Corporation, Eckert & Ziegler Medical, Mallinckrodt plc, GE HealthCare, Blue Earth Diagnostics, NorthStar Medical Radioisotopes, LLC, B. J. Madan & Co, Curium Pharma, Novartis AG, Bayer AG and Others
Table 01: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 02: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 03: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 04: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 05: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 06: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 07: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 08: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 09: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 10: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Table 11: Global Nuclear Medicine Market Value (US$ Bn) Forecast, By Region, 2020 to 2035
Table 12: North America - Nuclear Medicine Market Value (US$ Bn) Forecast, by Country, 2020 to 2035
Table 13: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 14: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 15: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 16: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 17: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 18: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 19: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 20: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 21: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 22: North America Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Table 23: Europe - Nuclear Medicine Market Value (US$ Bn) Forecast, by Country / Sub-region, 2020 to 2035
Table 24: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 25: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 26: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 27: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 28: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 29: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 30: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 31: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 32: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 33: Europe Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Table 34: Asia Pacific - Nuclear Medicine Market Value (US$ Bn) Forecast, by Country / Sub-region, 2020 to 2035
Table 35: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 36: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 37: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 38: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 39: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 40: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 41: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 42: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 43: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 44: Asia Pacific Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Table 45: Latin America - Nuclear Medicine Market Value (US$ Bn) Forecast, by Country / Sub-region, 2020 to 2035
Table 46: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 47: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 48: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 49: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 50: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 51: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 52: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 53: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 54: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 55: Latin America Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Table 56: Middle East & Africa - Nuclear Medicine Market Value (US$ Bn) Forecast, by Country / Sub-region, 2020 to 2035
Table 57: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Product Type, 2020 to 2035
Table 58: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Diagnostics Products, 2020 to 2035
Table 59: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By SPECT, 2020 to 2035
Table 60: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By PECT, 2020 to 2035
Table 61: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Therapeutic Products, 2020 to 2035
Table 62: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Alpha Emitters, 2020 to 2035
Table 63: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Beta Emitters, 2020 to 2035
Table 64: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Brachytherapy, 2020 to 2035
Table 65: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By Application, 2020 to 2035
Table 66: Middle East & Africa Nuclear Medicine Market Value (US$ Bn) Forecast, By End-user, 2020 to 2035
Figure 01: Global Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 02: Global Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 03: Global Nuclear Medicine Market Revenue (US$ Bn), by Diagnostics Products, 2020 to 2035
Figure 04: Global Nuclear Medicine Market Revenue (US$ Bn), by Therapeutic Products, 2020 to 2035
Figure 05: Global Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 06: Global Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 07: Global Nuclear Medicine Market Revenue (US$ Bn), by Cardiology, 2020 to 2035
Figure 08: Global Nuclear Medicine Market Revenue (US$ Bn), by Neurology, 2020 to 2035
Figure 09: Global Nuclear Medicine Market Revenue (US$ Bn), by Oncology, 2020 to 2035
Figure 10: Global Nuclear Medicine Market Revenue (US$ Bn), by Thyroid, 2020 to 2035
Figure 11: Global Nuclear Medicine Market Revenue (US$ Bn), by Lymphoma, 2020 to 2035
Figure 12: Global Nuclear Medicine Market Revenue (US$ Bn), by Bone Metastasis, 2020 to 2035
Figure 13: Global Nuclear Medicine Market Revenue (US$ Bn), by Endocrine Tumor, 2020 to 2035
Figure 14: Global Nuclear Medicine Market Revenue (US$ Bn), by Others, 2020 to 2035
Figure 15: Global Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 16: Global Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035
Figure 17: Global Nuclear Medicine Market Revenue (US$ Bn), by Hospitals and Clinics, 2020 to 2035
Figure 18: Global Nuclear Medicine Market Revenue (US$ Bn), by Diagnostic Centers, 2020 to 2035
Figure 19: Global Nuclear Medicine Market Revenue (US$ Bn), by Others, 2020 to 2035
Figure 20: Global Nuclear Medicine Market Value Share Analysis, By Region, 2024 and 2035
Figure 21: Global Nuclear Medicine Market Attractiveness Analysis, By Region, 2025 to 2035
Figure 22: North America - Nuclear Medicine Market Value (US$ Bn) Forecast, 2020 to 2035
Figure 23: North America - Nuclear Medicine Market Value Share Analysis, by Country, 2024 and 2035
Figure 24: North America - Nuclear Medicine Market Attractiveness Analysis, by Country, 2025 to 2035
Figure 25: North America Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 26: North America Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 27: North America Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 28: North America Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 29: North America Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 30: North America Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035
Figure 31: Europe - Nuclear Medicine Market Value (US$ Bn) Forecast, 2020 to 2035
Figure 32: Europe - Nuclear Medicine Market Value Share Analysis, by Country / Sub-region, 2024 and 2035
Figure 33: Europe - Nuclear Medicine Market Attractiveness Analysis, by Country / Sub-region, 2025 to 2035
Figure 34: Europe Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 35: Europe Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 36: Europe Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 37: Europe Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 38: Europe Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 39: Europe Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035
Figure 40: Asia Pacific - Nuclear Medicine Market Value (US$ Bn) Forecast, 2020 to 2035
Figure 41: Asia Pacific - Nuclear Medicine Market Value Share Analysis, by Country/Sub-region, 2024 and 2035
Figure 42: Asia Pacific - Nuclear Medicine Market Attractiveness Analysis, by Country/Sub-region, 2025 to 2035
Figure 43: Asia Pacific Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 44: Asia Pacific Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 45: Asia Pacific Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 46: Asia Pacific Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 47: Asia Pacific Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 48: Asia Pacific Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035
Figure 49: Latin America - Nuclear Medicine Market Value (US$ Bn) Forecast, 2020 to 2035
Figure 50: Latin America - Nuclear Medicine Market Value Share Analysis, by Country / Sub-region, 2024 and 2035
Figure 51: Latin America - Nuclear Medicine Market Attractiveness Analysis, by Country / Sub-region, 2025 to 2035
Figure 52: Latin America Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 53: Latin America Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 54: Latin America Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 55: Latin America Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 56: Latin America Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 57: Latin America Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035
Figure 58: Middle East & Africa - Nuclear Medicine Market Value (US$ Bn) Forecast, 2020 to 2035
Figure 59: Middle East & Africa - Nuclear Medicine Market Value Share Analysis, by Country / Sub-region, 2024 and 2035
Figure 60: Middle East & Africa - Nuclear Medicine Market Attractiveness Analysis, by Country / Sub-region, 2025 to 2035
Figure 61: Middle East & Africa Nuclear Medicine Market Value Share Analysis, By Product Type, 2024 and 2035
Figure 62: Middle East & Africa Nuclear Medicine Market Attractiveness Analysis, By Product Type, 2025 to 2035
Figure 63: Middle East & Africa Nuclear Medicine Market Value Share Analysis, By Application, 2024 and 2035
Figure 64: Middle East & Africa Nuclear Medicine Market Attractiveness Analysis, By Application, 2025 to 2035
Figure 65: Middle East & Africa Nuclear Medicine Market Value Share Analysis, By End-user, 2024 and 2035
Figure 66: Middle East & Africa Nuclear Medicine Market Attractiveness Analysis, By End-user, 2025 to 2035