Nuclear Medicine Market Size 2025: Global Share, Industry And Report Analysis by 2030

Nuclear Medicine Market Overview:

The global nuclear medicine market is expected to grow at a compound annual growth rate (CAGR) of 12% over the forecast period. Key drivers include the rising prevalence of cancer and cardiovascular diseases, increased use of hybrid imaging systems, innovations in radiopharmaceuticals, and growing government investment in nuclear medicine research. However, challenges such as high equipment and radiopharmaceutical costs, regulatory complexities, and the limited availability of radioisotopes could impede market expansion.

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Nuclear medicine encompasses advanced diagnostic and therapeutic techniques that use radioactive substances to diagnose and treat a wide range of medical conditions. At the heart of these methods are radiopharmaceuticals and molecular imaging technologies, which offer detailed insights into physiological processes and enable targeted, effective treatments. Primarily used in oncology, cardiology, and neurology, nuclear medicine provides non-invasive options for early disease detection and treatment.

Increasing Burden of Cancer and Cardiovascular Diseases

The growing global prevalence of cancer and cardiovascular diseases is a major driver for the expansion of the nuclear medicine market. These conditions require precise diagnostic methods and effective therapies—both of which nuclear medicine can provide. With its ability to detect cellular-level changes and deliver targeted radiation therapy, nuclear medicine plays a critical role in early diagnosis and treatment. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death worldwide, responsible for an estimated 17.9 million deaths annually as of 2019. Likewise, the International Agency for Research on Cancer (IARC) reported nearly 20 million new cancer cases in 2022, along with 9.7 million cancer-related deaths. Nuclear imaging technologies like PET and SPECT are essential for the early detection, staging, and monitoring of these diseases, while radiopharmaceutical therapies, such as theranostics, provide personalized treatment options that improve patient outcomes. As awareness of these benefits grows, both healthcare professionals and patients are increasingly adopting nuclear medicine for better diagnosis and treatment of these life-threatening conditions.

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Innovations in Radiopharmaceuticals: Advancing Diagnostics and Treatment

Next-generation radiopharmaceuticals are revolutionizing nuclear medicine, expanding its capabilities in both diagnostics and therapeutic treatments. New isotopes, such as Lutetium-177 and Actinium-225, are being developed for targeted radioligand therapy, offering highly specific cancer treatments with minimal damage to healthy tissues. On the diagnostic side, innovations like fluorine-based tracers and other advanced molecules are enhancing imaging techniques for complex conditions such as Alzheimer's disease and neuroendocrine tumors. Strong collaboration between pharmaceutical companies and academic institutions, along with substantial research investments, is driving these innovations. By addressing the limitations of current isotopes and broadening therapeutic applications, these next-generation radiopharmaceuticals are making nuclear medicine more effective and accessible. As a result, personalized treatment approaches are becoming more common, leading to improved patient outcomes and accelerating market growth.

Market Segmentation

This report by Medi-Tech Insights provides the size of the nuclear medicine market at the regional- and country-level from 2023 to 2030. The report further segments the market based on product, application and end-user.

• Market Size & Forecast (2023-2030), By Product, USD Million
  • Diagnostics
    • SPECT
  • TC-99m
  • TL-201
  • GA-67
  • I-123
  • Others
    • PET
  • F-18
  • SR-82/RB-82
  • PYLARIFY (piflufolastat F 18)
  • Illuccix (gallium Ga 68 gozetotide)
  • Others
  • Therapeutics
    • Alpha Emitters
  • RA-223
  • Others
    • Beta Emitters
  • I-131
  • Y-90
  • SM-153
  • Re-186
  • Lu-177
  • Others
    • Brachytherapy
  • Cesium-131
  • Iodine-125
  • Palladium-103
  • Iridium-192
  • Others
• Market Size & Forecast (2023-2030), By Application, USD Million
  • Cardiology
  • Neurology
  • Oncology
  • Thyroid
  • Lymphoma
  • Bone Metastasis
  • Endocrine Tumor
  • Pulmonary Scans
  • Urology
  • Other
• Market Size & Forecast (2023-2030), By End-user, USD Million
  • Hospitals
  • Diagnostic Centers
  • Others
• Market Size & Forecast (2023-2030), By Region, USD Million
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East & Africa

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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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