The Nuclear Medicine Market Report 2019-2023 focuses on the global Nuclear Medicine status, future forecast, growth opportunity, key market, and key players.
The Nuclear Medicine Market report studies the global market size of Nuclear Medicine in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Nuclear Medicine in these regions. This research report categorizes the global Nuclear Medicine market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Nuclear Medicine include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- LANTHEUS MEDICAL IMAGING
- TRIAD ISOTOPES
- SIEMENS HEALTHINEERS
- CAMBRIDGE ISOTOPE LABORATORIES INC.
- CARDINAL HEALTH INC.
- GE HEALTHCARE
- NORDION INC.
- FUJIFILM HOLDINGS CORPORATION
- amongst others.
Overview of Nuclear Medicine Market Research Report 2019-2023:-
Nuclear medicine falls under the field of molecular imaging, which involves the usage of very small amount of radioactive material (radiopharmaceuticals) to diagnose and treat disease. In nuclear medicine imaging, the radioisotopes are detected by the special type of cameras attached to the computer, which, in turn, provide very precise pictures of the area of the body examined. The global nuclear medicine market is expected to register a CAGR of 12% during the forecast period, 2019 to 2023.
Increasing Incidence of Cancer and Cardiac Ailments
Increasing incidence of cancer and cardiac ailments are the major drivers for the market. Nuclear medicine shows a huge potential in treating cardiac and cancer diseases. According to a survey by National Cancer Institute, the number of new cases of cancer sites was 460 per 100,000 men and woman per year, while the number of deaths was 176 per 100,000 men and women per year. Cardiology applications will continue to demonstrate strong growth in the market.
Other factors, such as increasing SPECT and PET applications and growing public awareness for healthcare are going to drive the market in the future.
Strict Regulatory guidelines
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 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 growth.
North America to Dominate the Market
The nuclear medicine market is segmented by diagnostics, therapeutics, application, and by geography. By geography, it is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is the dominant market for diagnostic radioisotopes. Within North America, the United States is the largest consumer market for radioisotopes, and Canada is the largest producer of Tc-99m.
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Reasons to Purchase this Report
Key questions answered in the Nuclear Medicine Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Nuclear Medicine market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Nuclear Medicine Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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