According to the report, the growth rate of this radiopharmaceuticals market is expected to be 8.10%. Also, the pharmaceutical market value is estimated as 15.060.87 during the forecast year 2025. The driving factors of the Radiopharmaceutical market are the growing prevalence of cancer, the rising age of the population, and the adoption of advanced imaging technologies for the diagnosis of cancer. Also, rising awareness about radiopharmaceuticals, their role in the treatment of cancer, and improving the public health scenario are propelling the market growth. Earlier, the commercialization of radiopharmaceuticals was mainly driven by the government; however, the government is gradually decreasing its funding in these drugs and the market is gradually shifting toward healthcare companies.
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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global RADIOPHARMACEUTICAL industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.
Impact of COVID-19
The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Radiopharmaceutical market report also includes the following data points:
- Impact of COVID-19
- Government Aids and Policies for Industry Revival
- Companies Recent Developments to Tackle Negative Impact
- Opportunity Window & Post COVID Trend
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Some of the major Radiopharmaceutical players holding highest market share include GE healthcare , Cardinal health , Jubilant life sciences and Norgine B.V . These players use new product development as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- GE healthcare
- Cardinal health
- Jubilant life sciences
- Norgine B.V
- Bracco diagnostic
- Lantheus Medical imaging
- Novartis AG
- Siemens healthiness
- JSC isotopes
Market Segment By product with focus on market share, consumption trend, and growth rate of RADIOPHARMACEUTICAL Market:
Market Segment By application with focus on market share, consumption trend, and growth rate of RADIOPHARMACEUTICAL Market:
- Endocrine Tumor
- Bone Metastasis
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Global Radiopharmaceutical Geographic Coverage:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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