There were 815 press releases posted in the last 24 hours and 183,703 in the last 365 days.

Radiopharmaceuticals Market Trends Show Rapid Technological Advancements Like In Silico Medicine As Per The Business Reseach Company's Global Radiopharmaceuticals Market Report 2021

This report describes and evaluates the global radiopharmaceuticals market. It covers three five-year periods, including 2015 to -2020, termed the historic period, 2020-2025 forecast period and 2025-2030 a further forecast period.

/EIN News/ -- LONDON, Oct. 18, 2021 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the radiopharmaceuticals market, in silico medicine refers to using computer modeling and simulation for conducting biomedical research. In silico approaches can predict the outcomes for crucial variables that are quite taxing by conventional in vitro and in vivo radiopharmaceutical development methods. Radiopharmaceutical manufacturers use the in-silico design approach in the creation of new radiopharmaceuticals, especially peptide-based radiotracers (including peptidomimetics). The use of in silico strategies is steadily increasing in the field of radiochemistry as it contributes to a more rational and scientific approach.

Radiopharmaceuticals, also known as nuclear medicine, are radioactive substances that are used in the scintigraphy technique, also known as a gamma scan – this is a diagnostic test in nuclear medicine, where radioisotopes attached to drugs that travel to intended organ or tissue are taken internally to create images of organs or tissues.

The global radiopharmaceuticals market size is expected to grow from $4.78 billion in 2020 to $5.12 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.75 billion in 2025 at a CAGR of 7%.

The Business Research Company’s report titled Radiopharmaceuticals Global Market Report 2021 - By Type (Diagnostic, Therapeutic), By Application (Oncology, Cardiology, Gastroenterology, Neuroendocrinology, Neurology, Nephrology), By End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Cancer Research Institutes), COVID 19 Growth And Change covers major radiopharmaceuticals companies, radiopharmaceuticals market share by company, radiopharmaceuticals manufacturers, radiopharmaceuticals market size, and radiopharmaceuticals market forecasts. The report also covers the global radiopharmaceuticals market and its segments.

Request For A Sample Of The Global Radiopharmaceuticals Market Report:

Rapid technological advancements are furthering the growth of the radiopharmaceuticals market. For instance, in September 2021, FUJIFILM Toyama Chemical Co., Ltd. was expected to launch its Lutathera injection in Japan for the treatment of somatostatin receptor-positive neuroendocrine tumors. Lutathera is the first approved Peptide Receptor Radionuclide Therapy (PRRT), a type of radioligand therapy in Japan. Developments in radio-labeled peptides and monoclonal antibodies for the diagnosis and treatment of cancerous tumors are used by many researchers. Rapid introduction of advanced technologies in nuclear imaging systems such as SPECT and Positron Emission Tomography (PET) significantly contribute to the market growth. Increasing research and development from leading players is aiding the growth of radiopharmaceuticals market. A SPECT tracer is currently available for accurate diagnosis of Parkinson's disease.

The radiopharmaceuticals market is highly concentrated. The top ten competitors in the market made up to 88.34% of the total market in 2020. Major players in the industry include Cardinal Health, Curium Pharma, Siemens Healthineers AG, Novartis AG, General Electric Company (GE).

North America is the largest region in the global radiopharmaceuticals market, accounting for 41.6% of the total in 2020. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the radiopharmaceuticals market will be South America and Africa, where growth will be at CAGRs of 9.8% and 8.5% respectively. These will be followed by the Middle East and Asia Pacific, where the markets are expected to grow at CAGRs of 8.2% and 6.4% respectively, during 2020-2025.

Radiopharmaceuticals Global Market Report 2021 COVID 19 Growth And Change is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports By The Business Research Company:

Tumor Embolization Devices Global Market Report 2021 - By Type (Radioembolic Agents, Non-radioactive Embolic Agents), By Application (Cancer Tumors, Noncancerous Tumors), By End User (Hospitals, Cancer Treatment Centers, Intensive Care Units, Surgical Centers), COVID-19 Growth And Change

Medical Waste Management Global Market Report 2021 - By Type (Bio-Hazardous/Infectious Waste, Non-Hazardous Waste, Sharps, Pharmaceutical, Radioactive), By Treatment (Incineration, Autoclaving, Chemical Treatment), By Services (Onsite Services, Offsite Services), By Waste Generator (Hospitals, Clinics, Ambulatory Surgical Centers, Pharmaceutical Companies, Biotechnology Companies), COVID-19 Implications And Growth

Antisense And RNAi Therapeutics Market- By Technology (RNA Interference, Antisense RNA), By Route Of Administration (Intravenous injections, Intra Dermal injunctions, Other delivery methods), By Indication (Oncology, Cardiovascular device, Respiratory disorders, Neurological disorders, Infectious disease, Other diseases), And By Region, Opportunities And Strategies – Global Forecast To 2030

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

Get a quick glimpse of our services here:

The World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293


Follow us on LinkedIn:

Follow us on Twitter:

Check out our Blog:

Primary Logo