Nuclear Medicine Market 2019 Forecast to 2024 by Market Standards, Industry Scope, Market Size with Revenue, Price, and Gross Margin

Nuclear Medicine

This “Nuclear Medicine Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Nuclear Medicine market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • - Increasing incidences of cancer and cardiac ailments are the major drivers for the market studied. Nuclear medicine shows a huge potential in treating cardiac and cancer diseases. According to the National Cancer Institute (NCI) report, it was estimated that 1,735,350 new cases of cancer are diagnosed in the United States in 2018, and 609,640 people may die from the disease.
  • - Other factors, such as increasing SPECT and PET applications and growing public awareness for healthcare, are expected to drive the market in the future. Regulatory requirements pose another hurdle to translational research and clinical investigations.
  • - In the United States, all pharmacologic agents, including diagnostic radiopharmaceuticals and radio therapeutics, undergo regulatory oversight by the FDA. Radiopharmaceuticals face additional scrutiny and undergo unique regulatory and approval pathways. Sometimes, extensive toxicology testing poses considerable financial burdens for the investigators.
  • - Additionally, reimbursement hurdles for the manufacturer and high capital investment are also restraining the market gro
  • Nuclear Medicine Market Covers Manufacturers:

  • Mallinckrodt
  • Lantheus Medical Imaging
  • Iba Group
  • Triad Isotopes
  • Siemens Healthcare
  • Advanced Accelerator Applications
  • Curium
  • Cambridge Isotope Laboratories Inc.
  • Cardinal Health Inc.
  • GE Healthcare
  • Nordion Inc.
  • Taiyo Nippon Sanso Corporation
  • Fujifilm Holdings Corporation
  • Eczacibasi
  • Monrol
  • Isotec Inc. (Sigma
  • Aldrich)
  • Scope of the Report:

  • Nuclear medicine falls under the field of molecular imaging, which involves the use of a very small amount of radioactive material (radiopharmaceuticals) to diagnose and treat disease. In nuclear medicine imaging, the radioisotopes are detected by special types of cameras attached to the computer, which in turn, provide very precise pictures of the area of the body examined.
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    Key Market Trends:

    Cardiology Application is Expected to Experience Strong Growth in the Market

    The application segment is further sub-segmented into cardiology, neurology, oncology, and other applications. The major factor driving the growth of the market is the rising prevalence of cardiovascular diseases (CVD) over the world. According to the estimates of the World Health Organization (WHO), in 2016, 17.9 million people died, due to CVDs.

    The diagnostics segment is further segmented into SPECT and PET. PET imaging radioisotopes have many applications in clinical neurology, which involves movement disorders, epilepsy, brain tumors, dementia, stroke, and neuronal plasticity. Future applications include early diagnosis of brain metastases, Parkinson syndromes, and neurodegenerative disorders, such as Alzheimer's disease. The market for radioisotopes is expected to be larger in the developing countries because of the increasing awareness among people about radioisotopes, increasing the incidence of chronic diseases, like cancer, and increasing population.

    North America is Expected to Dominate the Nuclear Medicine Market

    North America is the dominant market for nuclear medicine. Within North America, the United States is the largest consumer market for radioisotopes, and Canada is the largest producer of Tc-99m. The United States was the largest contributor to the North American region, in terms of revenue, and it is expected to retain its dominance, owing to the higher procedural volume and increasing adoption of nuclear medicine for various therapeutic applications.

    Asia-Pacific is expected to witness healthy CAGR during the forecast period. A rise in demand for nuclear medicines in emerging countries, such as India and China, is due to the rise in disposable income, improving healthcare standards, and favorable reforms in foreign policies.

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    Target Audience of Nuclear Medicine Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Nuclear Medicine Market Report:

    • Analyzing various perspectives of the Nuclear Medicine market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Nuclear Medicine market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Nuclear Medicine market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Nuclear Medicine market studied, during the forecast period
    • The segments that are expected to dominate the Nuclear Medicine market studied.

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