Press release
Rising Cancer And Heart Disease Rates Is Driving Forces Behind The Growth Of The Medical Isotope Market: Major Factor in the Transformation of the Medical Isotopes Market in 2025
How Will the Medical Isotopes Market Grow, and What Is the Projected Market Size?
The market size for medical isotopes has seen robust growth in the past years. It is projected to expand from $6.8 billion in 2024 to $7.35 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. This growth in the historic period can be linked to several factors, including an increase in chronic diseases, expansion of the pharmaceutical industry, improvements in cancer therapies, the rising demand for diagnostic imaging, and progress in nuclear medicine.
It is anticipated that the medical isotopes market will witness robust expansion in the coming years, with the market size projected to reach $9.92 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth in the prediction period include public health endeavors, alliances, collaborations, investment in infrastructure, the shift towards personalized therapy, a growing elderly population, as well as regulatory alterations and norms. Key trends that will be observable in the forecast period encompass expansion in radiopharmaceuticals, the embracement of cyclotron and generator technologies, emphasis on maintaining a robust supply chain, the implementation of artificial intelligence (AI), and advancements in the field of positron emission tomography (PET) imaging.
What Factors Are Propelling the Expansion of the Medical Isotopes Market?
The escalation in the occurrence of cancer and heart diseases is predicted to fuel the expansion of the medical isotope industry. The frequency and prevalence of these diseases over certain durations offer understanding into public health patterns and the effectiveness of prevention strategies. The modern, more stationary lifestyle fostered by technology and sedentary jobs, which reduce physical activity, has a correlation with the growing occurrences of both cancer and heart disease. Medical isotopes are employed for both detection and treatment of these diseases via imaging procedures such as PET and SPECT scans, and treatments such as radiation therapy and radioactive stents. For example, in February 2024, the Switzerland-based World Health Organization unveiled forecasts of over 35 million new cancer cases by 2050, a 77% rise in comparison to the anticipated 20 million cases in 2022. Furthermore, in September 2024, data from the British Heart Foundation, a UK-based cardiovascular research charity, revealed that about 7.6 million people suffer from heart and circulatory diseases in the UK, including approximately 4 million men and 3.6 million women. These diseases account for approximately 27% of all deaths in the UK, equating to over 170,000 deaths per year, or 480 deaths each day. Therefore, the rising instances of these diseases contribute directly to the increasingly robust growth of the medical isotope market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15853&type=smp
Who Are the Major Industry Players Fueling Medical Isotopes Market Expansion?
Major companies operating in the medical isotopes market are Rosatom State Atomic Energy Corporation, Bayer AG, Siemens Healthineers AG, GE HealthCare, Urenco Ltd., Lantheus Holdings Inc., Curium Pharma, Canadian Nuclear Laboratories, Eckert & Ziegler Strahlen- und Medizintechnik AG., Advanced Accelerator Applications a Novartis company, Nordion Inc., NTP Radioisotopes SOC Ltd., The Institute for Radioelements (IRE), NorthStar Medical Radioisotopes LLC, Isotopen Technologien München AG (ITM), Eczacıbaşı-Monrol Nuclear Products Co., SHINE Medical Technologies LLC, Blue Earth Diagnostics Limited, Isologic Innovative Radiopharmaceuticals, IBA Radiopharma Solutions, Izotóp, Coquí RadioPharmaceuticals Corp., Jubilant DraxImage Inc., Positron Corporation
Which Key Developments Are Influencing the Medical Isotopes Market?
Prominent firms in the medical isotope market are centering their efforts on strategic partnerships as manoeuvres to gain market advantage. Such partnerships involve formal agreements among multiple parties, outlining joint efforts towards pre-established, mutually beneficial objectives. As an example, in September 2023, a medical technology firm based in the United States, International Isotopes Inc., joined forces with Phantech Medical, a U.S. biomedical device company, to streamline solutions for their customers. Their goal, through this collaboration, is to bring a paradigm shift into the calibration and reference sources market for pre-clinical imaging. Their strategy involves designing, manufacturing, and distributing inventive sealed sources for medical imaging and theranostics communities.
How Is the Segmentation of the Medical Isotopes Market Defined?
The medical isotopes market covered in this report is segmented -
1) By Product Type: Stable Isotopes, Radio Isotopes
2) By Production Method: Neutron Activation, Cyclotron, Nuclear Reactor, Other Production Method
3) By Application: Nuclear Therapy, Equipment Radioactive Source, Diagnosis
4) By End Use: Hospitals, Diagnostic Centers, Research Institutes
Subsegments:
1) By Stable Isotopes: Carbon-13, Nitrogen-15, Oxygen-18, Other Stable Isotopes
2) By Radio Isotopes: Technetium-99m, Iodine-131, Cobalt-60, Strontium-89, Other Radio Isotopes
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/medical-isotopes-global-market-report
What Is the Leading Region in the Medical Isotopes Market?
North America was the largest region in the medical isotopes market in 2024. The regions covered in the medical isotopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Isotopes Global Market Report?
- Market Size Analysis: Analyze the Medical Isotopes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Isotopes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Isotopes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Isotopes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15853
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
The market size for medical isotopes has seen robust growth in the past years. It is projected to expand from $6.8 billion in 2024 to $7.35 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. This growth in the historic period can be linked to several factors, including an increase in chronic diseases, expansion of the pharmaceutical industry, improvements in cancer therapies, the rising demand for diagnostic imaging, and progress in nuclear medicine.
It is anticipated that the medical isotopes market will witness robust expansion in the coming years, with the market size projected to reach $9.92 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth in the prediction period include public health endeavors, alliances, collaborations, investment in infrastructure, the shift towards personalized therapy, a growing elderly population, as well as regulatory alterations and norms. Key trends that will be observable in the forecast period encompass expansion in radiopharmaceuticals, the embracement of cyclotron and generator technologies, emphasis on maintaining a robust supply chain, the implementation of artificial intelligence (AI), and advancements in the field of positron emission tomography (PET) imaging.
What Factors Are Propelling the Expansion of the Medical Isotopes Market?
The escalation in the occurrence of cancer and heart diseases is predicted to fuel the expansion of the medical isotope industry. The frequency and prevalence of these diseases over certain durations offer understanding into public health patterns and the effectiveness of prevention strategies. The modern, more stationary lifestyle fostered by technology and sedentary jobs, which reduce physical activity, has a correlation with the growing occurrences of both cancer and heart disease. Medical isotopes are employed for both detection and treatment of these diseases via imaging procedures such as PET and SPECT scans, and treatments such as radiation therapy and radioactive stents. For example, in February 2024, the Switzerland-based World Health Organization unveiled forecasts of over 35 million new cancer cases by 2050, a 77% rise in comparison to the anticipated 20 million cases in 2022. Furthermore, in September 2024, data from the British Heart Foundation, a UK-based cardiovascular research charity, revealed that about 7.6 million people suffer from heart and circulatory diseases in the UK, including approximately 4 million men and 3.6 million women. These diseases account for approximately 27% of all deaths in the UK, equating to over 170,000 deaths per year, or 480 deaths each day. Therefore, the rising instances of these diseases contribute directly to the increasingly robust growth of the medical isotope market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15853&type=smp
Who Are the Major Industry Players Fueling Medical Isotopes Market Expansion?
Major companies operating in the medical isotopes market are Rosatom State Atomic Energy Corporation, Bayer AG, Siemens Healthineers AG, GE HealthCare, Urenco Ltd., Lantheus Holdings Inc., Curium Pharma, Canadian Nuclear Laboratories, Eckert & Ziegler Strahlen- und Medizintechnik AG., Advanced Accelerator Applications a Novartis company, Nordion Inc., NTP Radioisotopes SOC Ltd., The Institute for Radioelements (IRE), NorthStar Medical Radioisotopes LLC, Isotopen Technologien München AG (ITM), Eczacıbaşı-Monrol Nuclear Products Co., SHINE Medical Technologies LLC, Blue Earth Diagnostics Limited, Isologic Innovative Radiopharmaceuticals, IBA Radiopharma Solutions, Izotóp, Coquí RadioPharmaceuticals Corp., Jubilant DraxImage Inc., Positron Corporation
Which Key Developments Are Influencing the Medical Isotopes Market?
Prominent firms in the medical isotope market are centering their efforts on strategic partnerships as manoeuvres to gain market advantage. Such partnerships involve formal agreements among multiple parties, outlining joint efforts towards pre-established, mutually beneficial objectives. As an example, in September 2023, a medical technology firm based in the United States, International Isotopes Inc., joined forces with Phantech Medical, a U.S. biomedical device company, to streamline solutions for their customers. Their goal, through this collaboration, is to bring a paradigm shift into the calibration and reference sources market for pre-clinical imaging. Their strategy involves designing, manufacturing, and distributing inventive sealed sources for medical imaging and theranostics communities.
How Is the Segmentation of the Medical Isotopes Market Defined?
The medical isotopes market covered in this report is segmented -
1) By Product Type: Stable Isotopes, Radio Isotopes
2) By Production Method: Neutron Activation, Cyclotron, Nuclear Reactor, Other Production Method
3) By Application: Nuclear Therapy, Equipment Radioactive Source, Diagnosis
4) By End Use: Hospitals, Diagnostic Centers, Research Institutes
Subsegments:
1) By Stable Isotopes: Carbon-13, Nitrogen-15, Oxygen-18, Other Stable Isotopes
2) By Radio Isotopes: Technetium-99m, Iodine-131, Cobalt-60, Strontium-89, Other Radio Isotopes
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/medical-isotopes-global-market-report
What Is the Leading Region in the Medical Isotopes Market?
North America was the largest region in the medical isotopes market in 2024. The regions covered in the medical isotopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Isotopes Global Market Report?
- Market Size Analysis: Analyze the Medical Isotopes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Isotopes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Isotopes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Isotopes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15853
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
