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Nuclear Medicine Market Size, Share, Trends, Application Analysis and Growth Forecast to 2027

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Nuclear Medicine Market Size, Share, Trends, Application Analysis and Growth Forecast to 2027

Market Research Future (MRFR) has announced a new release on the global nuclear medicine market. The research study studies all the variables affecting the nuclear medicine market’s growth in order to present a comprehensive look into the market’s present condition and possible growth trajectory over the forecast period from 2018 to 2023.

Nuclear medicine has become an important part of the healthcare sector in recent years due to the steady development of better, more technologically advanced variants of nuclear medicine, as well as the rising prevalence of target conditions such as cancer and cardiovascular diseases. Cancer is one of the deadliest diseases in the modern world and is only expected to rise in prevalence over the forecast period. Along with AIDS, cancer remains one of the last major diseases with which humans have not been able to deal satisfactorily. Despite developments in recent decades, cancer remains a major killer around the world. The Nuclear Medicine Market is thus set to benefit from the dire conditions regarding the prevalence and deadliness of cancer around the world over the forecast period.

The increasing use of nuclear medicine for diagnostics is also likely to be a major demand channel for the global nuclear medicine market over the forecast period.

Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/6674 

The massive development of diagnostics channels has been one of the major factors of the healthcare sector’s growth and evolution over the last decade and more, with accurate and early diagnostics taking on an ever more important role in the face of the realization of the importance of early diagnosis in treating any condition well. The benefits provided by nuclear diagnostic methods are likely to drive the demand from the nuclear medicine market over the forecast period.

Competitive Analysis

Some of the eminent players operating in the market are Cardinal Health, GE Healthcare, Bayer, Bracco Imaging, Curium, Lantheus Medical Imaging, Nordion Inc., Advanced Accelerators Applications, Mallinckrodt Pharmaceuticals, Jubliant Lifesciences, and Medtronic plc. These major players are planning to implement alternative approaches during the forthcoming years to maintain their substantial percentage of nuclear medicine market. Implemented strategies include product development, business expansion, and collaborative development.

Segmentation 

The global nuclear medicine market study has been segmented into product type, application, and end-user.

  • Based on the Product Type, the nuclear medicine market has been segmented into therapeutic radiopharmaceuticals and diagnostic nuclear medicine. The therapeutic radiopharmaceuticals segment has been segregated into brachytherapy isotopes, alpha emitters, and beta emitters. The diagnostic nuclear medicine segment is further classified into PET radiopharmaceuticals and SPECT radiopharmaceuticals. The diagnostic nuclear medicine segment is anticipated to dominate over the review period. The therapeutic radiopharmaceuticals segment is likely to grow at rapid pace.
  • Based on the Application, the nuclear medicine market has been segmented into therapeutic applications, diagnostic applications, and others. The therapeutic applications segment has been further divided into Thyroid, bone metastasis, lymphoma, endocrine tumors, and others. The diagnostic segment has been further classified into PECT applications and SPECT applications.  
  • Based on the End-use, the nuclear medicine market has been segmented into hospitals and diagnostic centers, research institutes, and others.

Regional Analysis

The global market for nuclear medicine has been analyzed on the basis of region into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.

The Americas has established itself as a industry leader, owing to the presence of North America. Combined with the high incidence of cancer and other chronic diseases, the existence of many important industry players has driven the development of the nuclear industry in the Americas.

Get Access Full Report @ https://www.marketresearchfuture.com/reports/nuclear-medicine-market-6674 

Owing to large R&D investments and government funding for the use of medical isotopes are some factors driving the market, North America has led the global industry in terms of sales over the past few years. The area has well-developed healthcare markets, especially high-investing countries like the US & Canada. Moreover, the area has an extremely senior patient community which is growing steadily and is increasingly conscious of innovative therapies.

The Asia Pacific market is projected to expand at an important pace during the forecast period. The growing geriatric population and awareness of nuclear medicines & molecular imaging contribute to the growth of the market for radiopharmaceuticals in this region. In addition, this region focuses on developing radiopharmaceuticals for the diagnosis and treatment of different diseases.  

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