# Radiopharmaceuticals Market Size to Gain Traction of US$ 8.5 Billion, Growth Opportunities by 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-12
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Radiopharmaceuticals Market Overview: Key Trends
Meta Description: Explore the latest report on the global radiopharmaceuticals market, valued at US$ 3.9 Bn in 2020 with a projected CAGR of 7.3% from 2021. Learn about the
URL: https://financedigest.com/radiopharmaceuticals-market-size-to-gain-traction-of-us-8-5-billion-growth-opportunities-by-2031html

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1-14-1736837356670-compressed.jpg)

**Radiopharmaceuticals Market: Introduction**

According to the report, the global [radiopharmaceuticals market](https://www.transparencymarketresearch.com/radiopharmaceuticals-market.html) was valued at US$ 3.9 Bn in 2020 and is projected to expand at a CAGR of 7.3% from 2021 to 2031. The market declined in 2020 due to COVID-19 outbreak. Radiopharmaceuticals include a group of radioactive agents used for either diagnostic or therapeutic interventions. Radiopharmaceuticals compounds used for diagnostic interventions usually either emit beta particles (positrons or electrons) or gamma rays, while compounds that emit Auger electrons or alpha particles are used generally for therapeutic interventions. When radiopharmaceuticals are used for diagnostic purposes, the drugs are known as “tracers.” Diagnostic radiopharmaceuticals contain smaller amounts of radiation than those used for treatment.

**Increase in Application of Radiopharmaceuticals Compounds as Imaging Agents in Non-oncology Conditions to** [Drive Market](https://www.financedigest.com/discrete-digitization-to-drive-the-chromatographic-separation-resins-market.html "Discrete digitization to drive the Chromatographic Separation Resins Market")

Clinical applications of positron emission tomography/computed tomography (PET-CT) with the glucose analogue 2-\[fluorine 18\] fluoro-2-deoxy-D-glucose (FDG) radiopharmaceuticals compound are [spreading beyond](https://www.financedigest.com/italys-golden-goose-to-spread-its-wings-beyond-sneakers.html "Italy’s Golden Goose to spread its wings beyond sneakers") oncology. Apart from its high usage in clinical oncology, FDG PET-CT is widely used in various non-oncologic specialties such as cardiology, neurology, and cognitive neuroscience. In several centers, cardiac FDG PET is becoming the gold standard for assessment of myocardial viability. In patients with cardiac sarcoidosis, FDG PET has proven useful as a follow-up tool for disease monitoring. This is likely to drive the [global market](https://www.financedigest.com/advanced-packaging-market-to-exceed-us-61-3-billion-by-2033-as-sales-of-embedded-die-packaging-solutions-burgeons-globally.html "Advanced Packaging Market to Exceed US$ 61.3 Billion by 2033 as Sales of Embedded Die Packaging Solutions Burgeons Globally").

**Request a PDF Brochure –** [https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep\_id=213](https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=213)

**Technetium-99m to Dominate** [Global Market](https://www.financedigest.com/global-femtech-market-is-expected-to-generate-us-5-0-billion-by-2033-future-market-insights-inc.html "Global Femtech Market is Expected to Generate US$ 5.0 Billion by 2033: Future Market Insights, Inc")

The [global radiopharmaceuticals market](https://www.financedigest.com/global-citrus-fiber-market-to-reach-us-184-9-million-by-2031.html "Global Citrus Fiber Market to reach US$ 184.9 Million by 2031") has been segmented based on compound, indication, system, and end-user. In terms of compound, the [global radiopharmaceuticals market](https://www.financedigest.com/global-low-sodium-sea-salt-market-valuation-of-over-us-200-mn-in-2031.html "Global Low Sodium Sea Salt Market valuation of over US$ 200 Mn in 2031") has been classified into fluorine-18 derivatives, tc-99, Lu-177, Ga-68, Zr-89, 11C-choline, 14C-urea, and others. The tc-99 segment is [anticipated to account for major share of the global market](https://www.financedigest.com/turpentine-market-anticipated-to-exceed-us-1-51-bn-by-2028-fmi.html "Turpentine Market anticipated to exceed US$ 1.51 Bn by 2028 – FMI") by 2031 due to lower price and easy production process. Moreover, the compound is suitable for imaging the thyroid, lacrimal glands, vascular perfusion, pulmonary perfusion, bones, myocardial, etc.

**Oncology to be Key Indication**

Based on indication, the [global radiopharmaceuticals market](https://www.financedigest.com/global-sweetener-market-reaching-nearly-us-160-bn-by-2027.html "Global Sweetener Market reaching nearly US$ 160 Bn by 2027") has been categorized into oncology, neurology, cardiology, and others. The oncology segment is expected to [expand at a high CAGR](https://www.financedigest.com/inkjet-printers-market-is-expanding-at-a-healthy-6-7-cagr-and-projected-to-reach-us-74-1-bn-by-2028-fmi.html "Inkjet Printers Market is expanding at a healthy 6.7% CAGR, and projected to reach US$ 74.1 Bn by 2028: FMI") during the forecast period due to increase in demand for radiopharmaceuticals agents for better treatment access in oncology across the globe.

**Request for Custom Research –** [https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep\_id=213](https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=213)

**Hospitals to be Major End User**

In terms of end-user, the global radiopharmaceuticals [market has been divided into hospitals](https://www.financedigest.com/mobile-hospitals-market-size-worth-us-52-8-billion-by-2031-cagr-of-10.html " Mobile Hospitals Market Size Worth US$ 52.8 Billion by 2031 | CAGR of ~10%"), diagnostic labs, and others. The hospitals segment is expected to expand at a high CAGR during the forecast period due to [increase in demand for installation of new PET-CT machines](https://www.financedigest.com/pad-printing-machine-market-to-top-us-1-8-bn-driven-by-increasing-application-of-multicolor-machines-fmi.html "Pad Printing Machine Market to Top US$ 1.8 Bn Driven by Increasing Application of Multicolor Machines: FMI") in the upcoming hospital projects across the globe.

**North America to Lead** [Global Market](https://www.financedigest.com/global-insulated-drinkware-market-to-stand-at-a-us2-5-bn-opportunity-by-2029.html "Global Insulated Drinkware Market to Stand at a US.5 Bn Opportunity by 2029")

The global radiopharmaceuticals [market has been segmented into four major regions:](https://www.financedigest.com/talent-acquisition-staffing-technology-and-services-market-regional-growth-drivers-segmental-analysis-opportunities-and-trends-2021-2028.html "Talent Acquisition & Staffing Technology and Services Market Regional Growth Drivers, Segmental Analysis, Opportunities and Trends 2021-2028") North America, Europe, Asia Pacific, and Rest of the World. North America dominated the [global radiopharmaceuticals market](https://www.financedigest.com/with-healthy-cagr-of-6-4-the-global-neuroscience-market-is-likely-to-grow-from-us-301-6-mn-in-2016-to-us-520-8-mn-by-2025.html "With healthy CAGR of 6.4%, the global neuroscience market is likely to grow from US$ 301.6 Mn in 2016 to US$ 520.8 Mn by 2025") in 2020, followed by Europe. North America accounted for major share of the global radiopharmaceuticals market in 2020, due to [rise in installations of PET-CT scanner device and increase in demand for disease risk](https://www.financedigest.com/ecb-governors-see-rising-risk-of-rate-hitting-2-to-curb-inflation-sources.html "ECB governors see rising risk of rate hitting 2% to curb inflation – sources") assessment services for oncology treatment. The radiopharmaceuticals [market in Asia Pacific is likely to expand at a high CAGR](https://www.financedigest.com/identity-access-management-market-is-set-to-surpass-a-worth-of-us-49-3-billion-at-a-steady-cagr-of-13-1-by-2033-get-deep-data-analysis-by-our-experts-at-fmi.html "Identity & Access Management Market is Set to Surpass a Worth of US$ 49.3 Billion at a Steady CAGR of 13.1% by 2033. Get Deep Data Analysis by Our Experts at FMI") from 2021 to 2031. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are [projected to drive the radiopharmaceuticals market](https://www.financedigest.com/security-and-vulnerability-management-market-was-valued-at-us-5749-5-mn-in-2016-and-is-projected-to-reach-us-20665-9-mn-by-2027.html "Security and Vulnerability Management Market  was valued at US$ 5,749.5 Mn in 2016 and is projected to reach US$ 20,665.9 Mn by 2027") in the region.

**Buy Radiopharmaceuticals Market Report –** [https://www.transparencymarketresearch.com/checkout.php?rep\_id=213&ltype=S](https://www.transparencymarketresearch.com/checkout.php?rep_id=213&ltype=S)

**Competition Landscape**

The report also [presents profiles of leading players in the global radiopharmaceuticals market](https://www.financedigest.com/andro-supplements-market-2022-present-scenario-and-growth-prospects-2028.html "Andro Supplements Market 2022 | Present Scenario and Growth Prospects 2028"). These include Siemens Healthineers, GE Healthcare, Advanced Accelerator Applications (a Novartis AG Company), Jubilant Pharma Limited, Bayer AG, ITM Isotopen Technologien München AG, Telix Pharmaceuticals, Lantheus Holdings, Inc., Eli Lilly and Company, Nihon Medi-Physics, and Avanos Medical, Inc.

Leading companies in the global radiopharmaceuticals market focus on strengthening the distribution network and expanding product range & applications to [gain](https://www.financedigest.com/ffpe-tissue-samples-market-size-to-gain-traction-of-us-2-75-billion-growth-opportunities-by-2031.html " FFPE Tissue Samples Market Size to Gain Traction of US$ 2.75 Billion, Growth Opportunities by 2031") market share. For instance, in January 2018, Advanced Accelerator Applications received the U.S. FDA approval for Lutathera for the treatment of gastroenteropancreatic neuroendocrine tumors.

**About Us**

[Transparency Market Research](https://www.financedigest.com/topical-antibiotics-market-size-to-reach-us-8-3-billion-by-2030-at-a-cagr-of-3-transparency-market-research.html " Topical Antibiotics Market Size to Reach US$ 8.3 Billion by 2030 at a CAGR of ~3% | Transparency Market Research") is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help [enterprises reach](https://www.financedigest.com/demand-for-lifesciences-enterprise-storage-market-to-reach-us-2-6-bn-by-2026.html "Demand for Lifesciences Enterprise Storage Market to Reach US$ 2.6 Bn by 2026") right decision.

**Contact Us**

Mr. Rohit Bhisey

Transparency Market Research

USA – Canada Toll Free: 866-552-3453

**Email:** [sales@transparencymarketresearch.com](mailto:sales@transparencymarketresearch.com)

**Blog:** [https://tmrblog.com/](https://tmrblog.com/)

**Follow Us**: [Twitter](https://twitter.com/research_market) **\|** LinkedIn

**Press Release Source:** [https://www.transparencymarketresearch.com/pressrelease/radiopharmaceuticals-market.htm](https://www.transparencymarketresearch.com/pressrelease/radiopharmaceuticals-market.htm)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---