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08 Dec 2022, 02:43 GMT+10
The global radiopharmaceuticals market stands at US$ 6.2 Bn as of now and is expected to reach US$ 9.5 Bn by the year 2032 at a CAGR of 4.3% between 2022 and 2032.
Radiopharmaceuticals imply medications containing radioisotopes that could be used as both - therapeutic agents and diagnosis medications. Radiopharmaceuticals manage critical as well as chronic diseases. These days, various diagnostics are aimed towards organs with nuclear medicine radiopharmaceuticals.
PET and SPECT techniques are used in abundance while deploying radiopharmaceuticals. Some of the distinct features of radiopharmaceuticals include non-invasiveness, cost-effectiveness, easy of diagnosis, and higher sensitivity. Clinical applications include cardiology, oncology, lymphoma, and tumor.
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Growing awareness regarding positive results provided by radiopharmaceuticals in checking chronic illness is one of the catalysts to radiopharmaceuticals market.
On the other hand, the fact that radiopharmaceuticals have half-life could restrain the market. It's a known fact that radiopharmaceuticals involve higher investment. Short expectancy or half-life is one of the crucial factors restricting demand for radiopharmaceuticals. Thus, it's only the developed regions who are able to increasingly adopt radiopharmaceuticals as of now. The developing economies still need to incorporate the technology to the fullest. Future Market Insights has walked through these functionalities with future prospects in its latest market study entitled 'Radiopharmaceuticals Market'.
Key Takeaways from Radiopharmaceuticals Market
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"The fact that radiopharmaceuticals are broadly used as biomarkers in molecular imaging is expected to take the radiopharmaceuticals market by storm in the upcoming period", says an analyst from Future Market Insights.
Competitive Landscape
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Key Companies Profiled:
Key Segments Covered in the Radiopharmaceuticals Industry Analysis
Radiopharmaceuticals Market by Radioisotope Type:
Radiopharmaceuticals Market by Application:
Radiopharmaceuticals Market by Source:
Radiopharmaceuticals Market by End User:
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The post Radiopharmaceuticals Market to cross US$ 6.2 Bn by 2022, Says Future Market Insights appeared first on Future Market Insights.
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