Global Nuclear Medicine Market: Overview
Although not every medical isotopes are particularly radioactive in nature, nuclear medicines or radiopharmaceuticals make for one of the common drugs that are used for the diagnosis of dysfunctions in human body tissue. Nuclear medicines are used for both diagnostic and therapeutic purposes and there are more than 30 specific radiopharmaceuticals used by medical practitioners. Various forms of nuclear medicines are useful in treating cancer, neurological disorders, gastrointestinal, and other diseases. According to the findings of this business intelligence study, as the healthcare infrastructure improves across several emerging economies, the demand in the global radiopharmaceuticals market is primed to expand at a healthy CAGR during the forecast period of 2016 to 2024.
This nuclear medicine market report has been developed by healthcare experts with a solitary aspiration to act as a dependable business document for selected audiences such as manufacturers and distributors of radiopharmaceuticals, healthcare institutions including hospitals and medical schools, research and development institutes, contract manufacturing organizations, and venture capitalists. The report includes comprehensive and figurative assessment of the demand potential of various market segments, analyzes various impacting factors including trends, drivers, and obstructions, and takes stock of the demand that can be expected out of different countries and regions. The report also contains a featured chapter on the competitive landscape of the radiopharmaceutical market.
Global Nuclear Medicine Market: Drivers and Restraints
A number of factors are poised to augment the demand for nuclear medicine, but none bigger than the growing prevalence of cancer and cardiac disorders. According to the World Health Organization (WHO), cancer causes almost one out of six deaths across the world and the population suffering from various type of it is expanding consistently as a result of lifestyle involving tobacco and alcohol, low intake of fruits and vegetables, and lack of physical activity.
Advances in radiotracers, advent of alpha radioimmunotherapy (Rit)-based targeted cancer treatments, and investments via public and private partnerships to revolutionize diagnostic measures are some of the other factors expected to drive the demand for radiopharmaceuticals market in the near future. On the other hand, significantly shorter half-life of radiopharmaceuticals, substantially high cost of these specific medicines, and shutting down of several nuclear reactors are some of the restraints obstructing the market from attaining greater profitability. That being said, the analysts have also highlighted growing demand from emerging economies, upcoming radioisotopes, and expanding usage across neurological applications are some of the opportunities that will open new revenue avenues in the near future.
Global Nuclear Medicine Market: Regional Analysis
Apart from segmenting the radiopharmaceuticals market on different aspects such as type, procedural volume, and application, the report has also gauged the potential of demand that can be expected out of every important region and country. Presently, North America is the leading provider of demand, followed by Europe. However, emerging economies such as China, India, Malaysia, and Indonesia are expected to transform Asia Pacific into high potential region during the second half of the aforementioned forecast period of the report.
Global Nuclear Medicine Market: Competitive Landscape
GE Healthcare, Cardinal Health Inc., Bayer AG, Mallinckrodt PLC, Nordion, Inc., IBA Molecular Imaging, and Advanced Accelerator Applications S.A. are some of the notable companies holding prominent positions in this market.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.