Global Radiopharmaceutical CDMO Market to Witness ~9% CAGR Driven by Outsourcing & Innovation by 2030

The global radiopharmaceutical CDMO market is set to witness a growth rate of ~9% in the next 5 years. High manufacturing costs and infrastructure investment, complexity and time sensitivity of manufacturing, advancements in nuclear medicine, and increasing outsourcing to reduce costs and accelerate time-to-market are some of the key factors driving the radiopharmaceutical CDMO market. 

A radiopharmaceutical contract development and manufacturing organization (CDMO) is a specialized service provider that manages the end-to-end development, manufacturing, and regulatory compliance for radiopharmaceutical drugs. These organizations possess advanced facilities and expertise to handle the production of radioactive compounds used in nuclear medicine for diagnostic imaging and targeted therapies. They offer comprehensive support ranging from process optimization and analytical development to large-scale commercial manufacturing. Radiopharmaceutical CDMOs enable pharmaceutical companies to reduce capital investment, mitigate risk, and accelerate time-to-market by leveraging specialized knowledge and infrastructure, ensuring that high-quality, safe radiopharmaceutical products are consistently produced in compliance with strict regulatory standards.

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Complexity and time sensitivity of manufacturing to propel market demand

Radiopharmaceutical manufacturing is inherently complex due to the extremely short half-lives of radioactive isotopes and the critical need for extremely precise timing in production and delivery. The rapid decay of these isotopes demands strict adherence to accelerated processes, ensuring drugs reach patients before significant loss of activity occurs. This complexity requires specialized equipment, stringent quality control, and robust logistics, making in-house production both costly and challenging. Consequently, pharmaceutical companies increasingly rely on radiopharmaceutical CDMOs, which offer advanced facilities and expertise to efficiently manage time-sensitive manufacturing, ensuring consistent product quality and regulatory compliance while reducing overall risk and capital investment.

Advancements in nuclear medicine are driving the market growth

Advancements in nuclear medicine are fueling breakthroughs in diagnostic imaging and targeted therapies. Innovations in PET, SPECT, and molecular imaging enable earlier and more precise disease detection. These developments have led to the creation of novel radiopharmaceutical compounds that require complex, time-sensitive manufacturing processes. As a result, pharmaceutical companies increasingly depend on specialized radiopharmaceutical CDMOs to overcome production challenges, ensure consistent quality, and comply with rigorous regulatory standards. Growing research investments accelerate innovation, making CDMOs critical in translating cutting-edge discoveries into effective clinical solutions, ultimately reducing time-to-market and expanding the global impact of nuclear medicine therapies.

 Competitive Landscape Analysis

The global radiopharmaceutical CDMO market is marked by the presence of established and emerging market players such as Cardinal Health, Eckert & Ziegler, NorthStar Medical Radioisotopes, Nucleus RadioPharma, PharmaLogic, DuchemBio, Co., Ltd., Minerva Imaging, AtomVie, Eczacıbaşı-Monrol, and Seibersdorf Labor GmbH; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

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Global Radiopharmaceutical CDMO Market Segmentation

This report by Medi-Tech Insights provides the size of the global radiopharmaceutical CDMO market at the regional- and country-level from 2023 to 2030. The report further segments the market based on radiopharmaceutical type, application, phase, and indication.

Market Size & Forecast (2023-2030), By Radiopharmaceutical Type, USD Million

• Technetium-99m
• Fluorine-18
• Leutetium-177
• Gallium-68
• Actinium-225
• Others

Market Size & Forecast (2023-2030), By Application, USD Million

• Diagnostic Radiopharmaceuticals
• PET Radiopharmaceuticals
• SPECT Radiopharmaceuticals
• Therapeutic Radiopharmaceuticals
• Alpha Emitters
• Beta Emitters
• Other Therapeutic Radiopharmaceuticals

Market Size & Forecast (2023-2030), By Phase, USD Million

• Pre-clinical
• Clinical
• Commercial

Market Size & Forecast (2023-2030), By Indication, USD Million

• Oncology
• Cardiovascular Disorders
• Neurological Disorders
• Others

Market Size & Forecast (2023-2030), By Region, USD Million

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Middle East & Africa

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

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