Nuclear Medicine Therapeutics Market Size, Share, Trends, Growth Outlook

Nuclear Medicine Therapeutics Market is estimated to increase at a Compounded Annual Growth Rate of 10.2% CAGR over the forecast period from 2024 to 2030

The Nuclear Medicine Therapeutics Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments- By Type (Alpha Emitters, Beta Emitters, Brachytherapy), By Application (Oncology, Cardiology, Thyroid, Others).

An Introduction to Nuclear Medicine Therapeutics Market in 2024

In 2024, the market for nuclear medicine therapeutics continues to expand, offering innovative treatment options for various cancers and non-cancerous conditions through targeted radiation therapy and radionuclide-based pharmaceuticals. Nuclear medicine therapeutics utilize radioactive isotopes, such as iodine-131, lutetium-177, and yttrium-90, to deliver precise doses of radiation to diseased tissues while sparing surrounding healthy tissues. With advancements in radiopharmaceutical development, imaging techniques, and treatment planning technology, nuclear medicine therapeutics offer personalized and effective treatment solutions for patients with metastatic cancer, neuroendocrine tumors, and certain autoimmune diseases. Moreover, the market is influenced by trends such as the development of theranostic approaches combining diagnostic imaging and targeted therapy, the expansion of clinical indications and treatment protocols based on research findings and regulatory approvals, and the integration of molecular imaging biomarkers for patient selection and treatment response monitoring. Additionally, ongoing research focuses on refining radionuclide production methods, optimizing treatment dosimetry, and exploring novel therapeutic targets and delivery mechanisms, reflecting the continuous innovation and advancement in nuclear medicine therapeutics to improve patient outcomes and quality of life.

Market Trend: Advancements in Radiopharmaceutical Development and Imaging Technologies

A prominent market trend in the nuclear medicine therapeutics market is the continuous advancements in radiopharmaceutical development and imaging technologies. Nuclear medicine plays a crucial role in the diagnosis, treatment, and management of various medical conditions, including cancer, cardiovascular diseases, and neurological disorders. Recent innovations in radiopharmaceuticals, such as targeted radionuclide therapies and theranostics, enable more precise and personalized treatment approaches, delivering therapeutic doses of radiation directly to diseased tissues while minimizing damage to surrounding healthy cells. Additionally, advancements in imaging modalities, such as positron emission tomography (PET) and single-photon emission computed tomography (SPECT), offer enhanced sensitivity, resolution, and diagnostic accuracy, enabling clinicians to visualize disease processes at the molecular level and tailor treatment strategies accordingly. This trend towards precision medicine and molecular imaging drives research and investment in nuclear medicine therapeutics, fostering the development of novel therapeutic agents and imaging technologies to address unmet medical needs and improve patient outcomes.

Market Driver: Increasing Incidence of Cancer and Chronic Diseases

A significant driver fueling the growth of the nuclear medicine therapeutics market is the increasing incidence of cancer and chronic diseases worldwide. Cancer remains one of the leading causes of morbidity and mortality globally, with millions of new cases diagnosed each year. Additionally, the prevalence of chronic diseases, such as cardiovascular disorders, neurodegenerative conditions, and autoimmune disorders, continues to rise due to factors such as aging populations, lifestyle changes, and environmental exposures. Nuclear medicine therapies, including radioimmunotherapy, peptide receptor radionuclide therapy (PRRT), and alpha-emitting radionuclide therapy, offer targeted and systemic treatment options for patients with cancer and other chronic diseases, complementing traditional modalities such as surgery, chemotherapy, and radiation therapy. The growing burden of cancer and chronic diseases drives demand for innovative therapeutic approaches that can effectively target and treat disease at the molecular level, positioning nuclear medicine therapeutics as a valuable component of comprehensive disease management strategies.

Market Opportunity: Expansion into Therapeutic Applications and Companion Diagnostics

An intriguing opportunity within the nuclear medicine therapeutics market lies in the expansion into therapeutic applications and companion diagnostics that enable personalized and precision medicine approaches. Therapeutic radiopharmaceuticals, such as lutetium-177 (Lu-177) and actinium-225 (Ac-225), have shown promise in the treatment of various cancers, including neuroendocrine tumors, prostate cancer, and lymphomas, by delivering targeted radiation therapy directly to cancer cells while sparing healthy tissues. Additionally, there's potential for the development of companion diagnostics, including molecular imaging agents and biomarkers, that can predict treatment response, monitor disease progression, and guide therapeutic decision-making in patients undergoing nuclear medicine therapies. By investing in research and development efforts aimed at expanding therapeutic indications and developing companion diagnostic tools, pharmaceutical companies, and healthcare providers can unlock new opportunities for personalized treatment approaches, optimize patient outcomes, and drive innovation in the rapidly evolving field of nuclear medicine therapeutics.

Nuclear Medicine Therapeutics Market Share Analysis: Alpha Emitters for Oncology Applications

In the Nuclear Medicine Therapeutics Market, the segment experiencing rapid growth is Alpha Emitters for Oncology Applications. Alpha emitters, such as radium-223 and actinium-225, are gaining prominence in the field of nuclear medicine therapeutics for their ability to deliver high-energy alpha particles directly to cancer cells, leading to localized tumor destruction while sparing surrounding healthy tissues. Oncology applications, including the treatment of metastatic bone cancer, neuroendocrine tumors, and certain hematological malignancies, are driving the demand for alpha emitter-based therapies. Radium-223, in particular, has emerged as a breakthrough therapy for the treatment of bone metastases in patients with prostate cancer, demonstrating significant improvements in overall survival and quality of life. Additionally, ongoing research and development efforts focused on novel alpha emitter-based radiopharmaceuticals hold promise for expanding the therapeutic options for cancer patients. As healthcare providers increasingly recognize the potential of alpha emitters in precision oncology and personalized cancer treatment strategies, the market for alpha emitters for oncology applications is expected to witness significant growth in the nuclear medicine therapeutics market.

Nuclear Medicine Therapeutics Competitive Analysis

The market research study provides in-depth insights into leading companies including the SWOT analyses, product profile, financial details, and recent developments acrossActinium Pharmaceutical Inc, Alpha Tau Medical Ltd, Bayer AG, Bracco S.p.A., Cardinal Health Inc, Fusion Pharmaceuticals Inc, IBA Radiopharma Solutions, Nordion Inc, NTP Radioisotopes (Pty) Ltd, RadioMedix Inc, Telix Pharmaceuticals Ltd, Triad Isotopes Inc

Nuclear Medicine Therapeutics Market Segmentation

By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Nuclear Medicine Therapeutics Market Companies

Actinium Pharmaceutical Inc
Alpha Tau Medical Ltd
Bayer AG
Bracco S.p.A.
Cardinal Health Inc
Fusion Pharmaceuticals Inc
IBA Radiopharma Solutions
Nordion Inc
NTP Radioisotopes (Pty) Ltd
RadioMedix Inc
Telix Pharmaceuticals Ltd
Triad Isotopes Inc

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• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Nuclear Medicine Therapeutics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Nuclear Medicine Therapeutics Market Size Outlook, $ Million, 2021 to 2030
3.2 Nuclear Medicine Therapeutics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Nuclear Medicine Therapeutics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Nuclear Medicine Therapeutics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Nuclear Medicine Therapeutics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Nuclear Medicine Therapeutics Industry
4.2 Key Market Trends in Nuclear Medicine Therapeutics Industry
4.3 Potential Opportunities in Nuclear Medicine Therapeutics Industry
4.4 Key Challenges in Nuclear Medicine Therapeutics Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Nuclear Medicine Therapeutics Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Nuclear Medicine Therapeutics Market Outlook by Segments
7.1 Nuclear Medicine Therapeutics Market Outlook by Segments, $ Million, 2021- 2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others

8 North America Nuclear Medicine Therapeutics Market Analysis and Outlook To 2030
8.1 Introduction to North America Nuclear Medicine Therapeutics Markets in 2024
8.2 North America Nuclear Medicine Therapeutics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Nuclear Medicine Therapeutics Market size Outlook by Segments, 2021-2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others

9 Europe Nuclear Medicine Therapeutics Market Analysis and Outlook To 2030
9.1 Introduction to Europe Nuclear Medicine Therapeutics Markets in 2024
9.2 Europe Nuclear Medicine Therapeutics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Nuclear Medicine Therapeutics Market Size Outlook by Segments, 2021-2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others

10 Asia Pacific Nuclear Medicine Therapeutics Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Nuclear Medicine Therapeutics Markets in 2024
10.2 Asia Pacific Nuclear Medicine Therapeutics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Nuclear Medicine Therapeutics Market size Outlook by Segments, 2021-2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others

11 South America Nuclear Medicine Therapeutics Market Analysis and Outlook To 2030
11.1 Introduction to South America Nuclear Medicine Therapeutics Markets in 2024
11.2 South America Nuclear Medicine Therapeutics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Nuclear Medicine Therapeutics Market size Outlook by Segments, 2021-2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others
12 Middle East and Africa Nuclear Medicine Therapeutics Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Nuclear Medicine Therapeutics Markets in 2024
12.2 Middle East and Africa Nuclear Medicine Therapeutics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Nuclear Medicine Therapeutics Market size Outlook by Segments, 2021-2030
By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Actinium Pharmaceutical Inc
Alpha Tau Medical Ltd
Bayer AG
Bracco S.p.A.
Cardinal Health Inc
Fusion Pharmaceuticals Inc
IBA Radiopharma Solutions
Nordion Inc
NTP Radioisotopes (Pty) Ltd
RadioMedix Inc
Telix Pharmaceuticals Ltd
Triad Isotopes Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Alpha Emitters
-Radium-223 (RA-223) & Alpharadin
-Actinium-225 (AC-225)
-Lead-212 (PB-212)/Bismuth-212 (BI-212)
-Others
Beta Emitters
-Iodine-131 (I-131)
-Yttrium-90 (Y-90)
-Others
Brachytherapy
-Cesium-131
-Iodine-125
-Others
By Application
Oncology
Cardiology
Thyroid
Others
Countries Analyzed
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)