Growing Inclination of Radiopharmaceuticals Market : Global Industry Analysis and Opportunity Assessment, 2016-2026
Press Release – 21
Jan 2019
Research
and Development News
--
.
.
Latest
Update
"Radiopharmaceuticals Market: Will Japan (Expected to Register
an Attractive Growth Rate Throughout the Forecast Period) Beat
Current Market Leader North America? - Global Industry Analysis and
Opportunity Assessment, 2016-2026"
with Industries Survey | Global Current Growth and Future.
'
'
North America is anticipated to be the
most attractive regional market in the global radiopharmaceuticals
market
North America accounted for more than 40% market
share in the global radiopharmaceuticals market in 2016 and is
expected to witness an increase of more than 100 BPS in its market
share over the forecast period. In terms of Y-o-Y growth, North
America dominated the global radiopharmaceuticals market and was
valued at more than US$ 2,000 Mn in 2015. The market is expected to
expand at 6.2% CAGR over the projected period to reach more than US$
4,000 Mn by the end of 2026. The North America radiopharmaceuticals
market is estimated to represent absolute $ opportunity of more than
US$ 100 Mn in 2017 over 2016. The growth is stagnant and slow due to
major reactors having been shut down in Canada and new reactors
installed in place of old ones for better production of radioisotope.
North America is expected to be the most lucrative market in the
global radiopharmaceuticals market, recording an attractiveness index
of 3.6.
'
'
Significant
growth in the number of cancer and cardiovascular diseases patients
in North America is expected to boost the global radiopharmaceuticals
market
Widespread availability of SPECT and PET scanning
machines will result in a growing number of radio diagnostic and
radio therapeutics events in North America. For instance, the number
of PET scanning machines installed per head of population in North
America are more compared to that installed in Europe, thus leading
to increased usage of radiotracers in the region. This growth in
North America is expected to continue along with continuous
technological improvements in PET scanning devices. The high level of
awareness and accessibility to these machines is expected to account
for high revenue generation in North America. This factor is boosting
the overall growth of the global radiopharmaceuticals market. The
other factor impacting the global radiopharmaceuticals market is the
rising prevalence of cancer in North America.
This has significantly increased the number of
nuclear medicine procedures performed in the region and this is the
precise reason that the market for radiopharmaceuticals is steadily
growing in North America. There has been a rising number of
cardiovascular diseases among the people in North America due to
aging population, unhealthy food habits and rising obesity. The
increasing number of cardiovascular patients is expected to boost the
sales of radiopharmaceuticals, which would eventually create growth
in the global radiopharmaceuticals market.
– For
Other Requirement and Enquiry_
https://www.researchmoz.us/enquiry.php?type=E&repid=1287878
'
'
Gallium-68
and Lutetium 177 sub-segments of the radioisotope segment are likely
to dominate the North America radiopharmaceuticals market
Gallium-68 and Lutetium 177 are dominant
sub-segments of the radioisotope segment in North America. Gallium-68
has gained immense popularity since the last one year in the field of
nuclear medicine, especially in the diagnosis and evaluation of
prostate cancer. This is in heavy reliance with incorporation of
several technological leaps and entry of new radiotracer-
68Ga-PSMA-11, developed by the University of Heidelberg.
Additionally, marketing authorisation of the first 68Ge/68Ga
generator, manufactured by the German company Eckert & Ziegler,
has also positively impacted the penetration of 68Ga-PSMA-11 tracer
in the treatment of prostate cancer in North America. Despite a
shorter half-life, Gallium-68 has an ideal profile as a PET imaging
agent. Several manufacturers in North America are focussing on
introducing cold kits for the 68Ga-labeling of tracers (ANMI,
Belgium), thus opening the gateways for 68Ga in PET scanning.
Iodine-131, a therapeutic radiotracer continues to be the ideal
tracer for the treatment of not only thyroid cancer but also other
therapeutic indications. However it is being slowly replaced by
Lutetium-177 (Lu-177) in North America. Lu-177, low-energy -particle
emitter is identified to be one of the emerging radiotracers for the
treatment of metastatic castrate-resistant prostate cancer (mCRPC)
and neuroendocrine tumors.
Market share of companies operating in the
global radiopharmaceuticals market
The global radiopharmaceuticals market is highly
consolidated with a few companies that offer advanced technology
systems and nuclear medicines for treating diseases. However, the
global market is dominated by top five players accounting for over
89% share. Siemens Healthineers accounted for the largest share of
around 41.2% of the global market in 2015. The company dominated the
market owing to its diversified product portfolio, extensive
geographical presence, and acquisition strategies. GE Healthcare
accounted for the second largest share of around 30.1% and
Mallinckrodt plc. accounted for the third largest share of around 9%
in the global radiopharmaceuticals market.
Continue.....
– More
Clear Details get Full Table of Contents_
https://www.researchmoz.us/radiopharmaceuticals-market.html/toc
About
Researchmoz,
ResearchMoz
is the world’s fastest growing collection of market research
reports worldwide. Our database is composed of current market studies
from over 100 featured publishers worldwide. Our market research
databases integrate statistics with analysis from global, regional,
country and company perspectives. ResearchMoz’s service portfolio
also includes value-added services such as market research
customization, competitive landscaping, and in-depth surveys,
delivered by a team of experienced Research
Coordinators.
--Researchmoz Global Pvt. Ltd.--
--Researchmoz Global Pvt. Ltd.--
Mr.
Nachiket G.
90 State Street,
Albany, NY 12207,
United States,
Tel: 866-997-4948 (Us-Canada Toll Free),
Tel: +1-518-621-2074www.researchmoz.us
90 State Street,
Albany, NY 12207,
United States,
Tel: 866-997-4948 (Us-Canada Toll Free),
Tel: +1-518-621-2074www.researchmoz.us
Comments
Post a Comment