Global Radiopharmaceuticals Market Size & Value Forecast with Trends to 2030
The Global Radiopharmaceuticals Market size was valued at around USD 7.11 billion in 2024 and is projected to reach USD 12.73 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.19% during the forecast period, i.e., 2025-30.
Global Radiopharmaceuticals Market Research Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has released an in-depth report on the Global Radiopharmaceuticals Market, offering critical insights into the market's size, growth, trend, projections, and emerging dynamics. This report delivers a comprehensive analysis of growth opportunities, competitive landscape, technological developments, and evolving consumer demands—equipping industry stakeholders with the data necessary to make informed decisions.
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Global Radiopharmaceuticals Market Trend
Increasing Quest for New Radioisotopes & Radiopharmaceuticals – Driven by several limitations associated with the production of certain alpha-emitting isotopes, currently utilized in radiopharmaceuticals, the biopharma companies have begun to explore alternative radioisotopes, such as 211At, 223Radium, etc. For instance, in 2024, Novartis AG started a phase I study of [177Lu]Lu-FF58 in patients with advanced solid tumors. The newer radioisotopes tend to have intriguing opportunities for both imaging and therapy while potentially overcoming existing limitations. Further, coupled with an increase in cancer cases globally, the critical need to reduce the risks associated with conventional radiation therapy, has led to the exploration of newer radiopharmaceuticals. This, in turn, is expected to further drive the Global Radiopharmaceuticals Market during the forecasting years.
Leading Companies and Competitive Landscape of Global Radiopharmaceuticals Market
The competitive landscape of the Global Radiopharmaceuticals Market is shaped by both top giants and emerging players. These companies are actively involved in product launches, mergers & acquisitions, and geographical expansions to support their market presence.
Key Market Players Include:
- Bayer AG
- Iso-Tex Diagnostics, Inc.
- Jubilant Pharmova Limited
- Novartis AG
- General Electric Company
- Lantheus Holdings, Inc.
- Eli Lilly and Company
- Siemens Healthineers AG
- Curium Pharma
- Cardinal Health
- Blue Earth Diagnostics, Inc. (Bracco Group)
- Acrotech Biopharm
- Northstar Medical Technologies LLC
- IBA Radiopharma Solutions
- Sun Pharmaceutical Industries, Inc.
- Others
These players are continuously innovating and investing in technological solutions to meet the dynamic needs of the market while maintaining a competitive edge.
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Global Radiopharmaceuticals Market Segmentation and Region
By Radioisotope
- Technetium 99
- Fluorine 18
- Iodine 131
- Gallium 68
- Iodine 123
- Others (Yttrium 90, Indium 111, etc.)
By Indication
- Oncology
- Cardiology
- Gastroenterology
- Nephrology
- Others (Neuroendocrinology, Neurology, etc.)
By Type
- Diagnostic
- Therapeutic
By End User
- Hospitals
- Medical Imaging Centers
- Others (Specialty Clinics, Research Organizations, etc.)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Frequently Asked Questions (FAQs)
- What is the expected CAGR of the Global Radiopharmaceuticals Market during 2025-2030?
- Which region holds the largest market share in the Global Radiopharmaceuticals Market?
- Who are the leading players in the Global Radiopharmaceuticals Market?
- What are the key trends driving the Global Radiopharmaceuticals Market forward?
- What are the major challenges faced by new entrants in the market?
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Scope of the Report
- Provides an unbiased market forecast from 2025 to 2030
- Covers detailed company profiles and competitive analysis
- Includes segment-wise and region-wise market breakdown
- Offers insights into market drivers, challenges, and trends
- Equips stakeholders with data-backed strategic recommendations
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