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Asia Pacific Radiopharmaceuticals Market Size, Growth | Industry Report, 2024
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Asia Pacific Radiopharmaceuticals Market Analysis, Size,
Growth, Share & Forecast to 2024 | Grand View Research Inc.
The APAC Radiopharmaceuticals/Nuclear Medicine Market is expected to reach USD 2.9 billion by 2024,
according to the new report by Grand View Research, Inc. Radiopharmaceuticals are widely used in the field of
oncology, and cardiovascular diseases. Ongoing research and studies demonstrating positive results is
widening the scope of radioisotope applications for the diagnosis and treatment of bone diseases, respiratory
diseases, thyroid-related diseases, and conditions of the digestive tract. Along with these applications, the
radioisotopes are largely used in radiopharmacology to study drug movement in lab subjects.
Gamma emitter Technetium-99m is the most commonly used radioisotope in radiopharmaceuticals. Other
widely used radioisotopes include Fluorine-18, Indium-111, and Iodine-131. Numerous research studies are
further expanding the application areas of radiopharmaceuticals in diagnostics as well as in therapeutics.
Adoption of PET as a diagnostic tool is rapidly increasing since it offers high accuracy over other diagnostic
techniques. The accuracy in the diagnosis has a direct impact on decision-making and treatment monitoring
process. PET is commonly integrated with X-ray and computed tomography to increase the accuracy. The
growing demand for these diagnostic procedures is expected to fuel the market growth during the forecast
period.
Currently available cancer treatment options, such as chemotherapy and radiation therapy, include drugs and
radiations, which are non-target specific. Thus, these therapies have a major disadvantage of affecting the
whole body or the organs surrounding the target site. Radioisotopes have an advantage over these techniques
since they aid in targeting specifically the tumor without affecting the surrounding body parts. Thus, benefits
associated with these diagnostic and treatment procedures is augmenting the demand for
radiopharmaceuticals in disease treatment and diagnosis.
“Asia Pacific Radiopharmaceuticals Market to Reach $2.9 Billion By 2024”
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Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/asia-pacific-
radiopharmaceuticals-market
Further key findings from the study suggest:
• The buyers of radiopharmaceutical include hospitals, physicians, diagnostic laboratories, research
institutes and others. Hospitals form the biggest buyer groups owing to their high patient turnover and
greater financing capabilities.
• Therapeutic products such as Alpha Emitters, Beta Emitters and Brachytherapy are anticipated to
exhibit lucrative growth. Emergence of new treatment options for thyroid and other diseases is
expected to support the growth over the forecast period.
• The key diagnostic application areas of radiopharmaceuticals formed the largest market in 2015. These
applications are in cardiology, neurology, oncology, and thyroid. Advent of accurate diagnostic methods
and high burden of disorders supported the growth of this segment.
• Thailand in South East Asia and China are expected to dominate the APAC radiopharmaceutical
market. Efforts undertaken by the UN and other local healthcare authorities in this region are expected
to result in installation of more PET and SPECT systems, thereby driving the demand.
• Key players of the industry include Nordion, Inc., Bayer AG, Mallinckrodt Public Limited company, GE
Healthcare, Bracco Imaging S.P.A and government initiatives such as Institute of Radioisotopes and
The Australian Nuclear Science and Technology Organization (ANSTO)
Grand View Research has segmented the APAC radiopharmaceuticals market on the basis of product:
APAC Radiopharmaceuticals Product Outlook (Revenue, USD Million, 2013 - 2024)
• Diagnostics
o SPECT
o TC-99m
o TL-201
o GA-67
o I-123
o Others
o PET
o F-18
o RB-82
o Others
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• Therapeutics
o Alpha Emitters
o RA-223
o Beta Emitters
o I-131
o Y-90
o SM-153
o Re-186
o Lu-117
o Others
o Brachytherapy
o Cesium-131
o Iodine-125
o Palladium-103
o Iridium-192
o Others
Radiopharmaceuticals Regional Outlook (Revenue, USD Million, 2013 - 2024)
• South East Asia
o Indonesia
o Thailand
o Laos
o Myanmar
o Philippines
o Malaysia
o Vietnam
o Cambodia
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• Rest of Asia Pacific
o Japan
o China
o India
Table of Content
Chapter 1 Research Methodology
1.1 Information procurement
1.2 Data Analysis
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation & scope
4.1.1 Market Driver Analysis
4.1.1.1 Rising incidence of cancer and cardiovascular disease
4.1.1.2 Widening applications of radiopharmaceuticals
4.1.1.3 Growing demand for the accurate diagnostic methods
4.1.2 Market Restraint Analysis
4.1.2.1 Stringent regulation for production, storage, and usage
4.1.2.2 High costs involved in the procedure
4.2 Radiopharmecuticals - PESTLE Analysis
4.3 Industry Analysis - Porter’s
4.4 Penetration Index
4.5 Radiopharmaceuticals: Buyer profile
4.6 List of suppliers
4.7 Average Selling Price
Chapter 5 Market Categorization 1: Product Estimates & Trend Analysis
5.1 Radiopharmaceuticals market: Product movement analysis
5.2 Diagnostic products
5.2.1 Diagnostic products market, 2013 - 2024 (USD Million)
5.2.2 SPECT
5.2.2.1 SPECT products market, 2013 - 2024 (USD Million)
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7.3.2 Japan
7.3.2.1 Japan radiopharmaceuticals market, 2013 - 2024 (USD Million)
7.3.3 China
7.3.3.1 China radiopharmaceuticals market, 2013 - 2024 (USD Million)
7.3.4 India
7.3.4.1 India radiopharmaceuticals market, 2013 - 2024 (USD Million)
Chapter 8 Competitive Landscape
8.1 Bayer AG
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Mallinckrodt public limited company
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 GE Healthcare
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Jubilant Life Sciences
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Bracco Imaging S.p.A
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Nordion, Inc.
8.6.1 Company Overview
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8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 The Institute for Radioelements (The IRE)
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 Australian Nuclear Science & Technology Organization (ANSTO)
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.9 NTP Radioisotopes SOC Ltd.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Eczacibasi-Monrol
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
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About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based research across a range of
industries including technology, chemicals, materials, healthcare and energy.
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