Radiopharmaceuticals are a crucial component of nuclear medicine, playing a significant role in diagnosing and treating various diseases. As the demand for accurate and efficient diagnostic tools continues to rise, the radiopharmaceuticals market share is expected to witness substantial growth in the coming years.

One of the key factors driving the market share of radiopharmaceuticals is the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions. These diseases require precise diagnosis and targeted treatment, which can be achieved through radiopharmaceuticals. With advancements in technology and imaging techniques, radiopharmaceuticals have become an indispensable tool for healthcare professionals in accurately detecting and monitoring these diseases.

Moreover, the aging population worldwide is another significant factor contributing to the market share of radiopharmaceuticals. As individuals age, they become more susceptible to various health issues that necessitate early detection and effective treatment. Radiopharmaceuticals offer non-invasive imaging procedures that aid in identifying potential health problems at Furthermore, the increasing prevalence of chronic diseases such as cancer and cardiovascular disorders further drives the demand for radiopharmaceuticals as they play a crucial role in accurate diagnosis and personalized treatment planning.

The Radiopharmaceuticals Market Size was valued at USD 5.07 billion in 2022, and is expected to reach USD 10.26 billion by 2030, and grow at a CAGR of 9.2% over the forecast period 2023-2030.

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KEY MARKET SEGMENTATION:

By Radioisotope Type

• Technetium-99
• Fluorine-18
• Iodine-131
• Leutetium-177
• Yttrium-90
• Gallium-68
• Gallium-67
• Rubidium-82
• Iodine-123
• Iodine-125
• Indium-111
• Others

By Source 

• Cyclotrons
• Nuclear Reactors

By Application

• Neurology
• Cardiology
• Oncology
• Gastroenterology
• Nephrology
• Neuroendocrinology
• others

By End-User

• Hospital & Clinics
• Diagnostic Center 
• Ambulatory Surgical Centers
• Cancer Research Institute
• Others

Some of the major key players are as follows: GE healthcare, Jubilant life sciences, Curium, JSC isotopes,  Novartis AG,  Bracco diagnostic,  Cardinalhealth, Norgine B.V, Siemens healthiness, Curium,  Lantheus Medical imaging, Australian Nuclear Science and Technology and Other Players

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