Explosive Growth Predicted for Therapeutic Nuclear Medicines Market is projected to increase US$ 1.84 Billion by 2028 | FMI

Therapeutic Nuclear Medicines Market

The global therapeutic nuclear medicines market is poised for remarkable growth, with projections indicating a surge from a valuation of US$ 1 billion in 2022 to an impressive US$ 1.84 billion by 2028. This trajectory represents a robust Compound Annual Growth Rate (CAGR) of 10.6%.

Therapeutic nuclear medicines constitute a rapidly expanding segment within the broader nuclear medicine field, playing a pivotal role in the diagnosis and treatment of various medical conditions. This specialized sector revolves around radiopharmaceuticals, which are radioactive chemicals utilized for therapeutic purposes. These innovative drugs empower medical professionals to precisely target and treat specific disease areas within the body, such as tumors or hyperactive thyroid glands, through intravenous or oral administration.

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One of the standout advantages of therapeutic nuclear medicines lies in their capacity to deliver targeted and localized therapies while minimizing harm to surrounding healthy tissues. By leveraging radiation therapy with pinpoint accuracy, these medicines maximize the likelihood of positive treatment outcomes while mitigating adverse side effects. Notably, therapeutic nuclear medicines extend their efficacy beyond addressing cancer-related bone pain and hyperthyroidism, encompassing a spectrum of other medical conditions.

“This projected growth underscores the increasing significance of therapeutic nuclear medicines in modern healthcare,” remarked Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The precision and efficacy offered by these advanced treatments are reshaping the landscape of medical care, promising new avenues for combating a wide array of ailments.”

As the demand for targeted and minimally invasive medical interventions continues to soar, the therapeutic nuclear medicines market stands poised for substantial expansion, driving innovations that hold the potential to revolutionize patient care worldwide.

Key points about the therapeutic nuclear medicines market include:

• Radiopharmaceuticals: Radiopharmaceuticals used in therapeutic nuclear medicine are typically made up of a radioactive isotope (e.g., iodine-131, lutetium-177, yttrium-90) combined with a carrier molecule that helps target specific cells or tissues. These radiopharmaceuticals are administered to patients either orally or intravenously.
• Cancer Treatment: One of the most significant applications of therapeutic nuclear medicine is in the treatment of cancer. Radiopharmaceuticals can be used to deliver targeted radiation therapy to cancerous cells, minimizing damage to surrounding healthy tissues.
• Hyperthyroidism Treatment: Radioactive iodine-131 is commonly used to treat hyperthyroidism by selectively destroying overactive thyroid tissue.
• Bone Metastases: Radiopharmaceuticals like strontium-89 and samarium-153 are used to treat bone metastases, providing pain relief and reducing bone-related complications in cancer patients.
• Growing Market: The therapeutic nuclear medicines market has been experiencing growth due to advances in radiopharmaceutical development, increased adoption of targeted therapies, and a growing prevalence of diseases such as cancer. The market is also benefiting from improved imaging and diagnostic techniques.
• Regulatory Oversight: The use of radioactive materials in medicine is tightly regulated by health authorities in various countries to ensure patient safety and minimize radiation exposure. Radiopharmaceutical production facilities and healthcare institutions that use these therapies must adhere to strict quality and safety standards.

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Key Companies Profiled:

• Bayer AG
• GE Healthcare
• Novartis AG
• Cardinal Health Inc.
• Mallinckrodt plc.
• Lantheus Medical Imaging Inc.
• Bracco Imaging S.p.A
• Eckert & Ziegler
• Curium Pharma
• International Isotopes Idaho, Inc.
• Medi-Radiopharma Co., Ltd.

Key Segments of Therapeutic Nuclear Medicines Industry Survey:

Therapeutic Nuclear Medicines Market by Treatment:

• Radium-223
• Iodine-131
• Leutitium-177
• Yttrium-90
• Samarium-153
• Strontium-89
• Rhenium-188+Rhenium-186
• Erbium- 169
• Phosphorous-32
• Others

Therapeutic Nuclear Medicines Market by Indication:

• Prostate Cancer
• Painful Bone Metastases
• Thyroid Cancer
• Neuroblastoma
• Synovitis
• Non-Hodgkin’s Lymphoma
• Hepatic Metastases
• Brain Tumour
• Others

Therapeutic Nuclear Medicines Market by Distribution Channel:

• Hospitals
• Ambulatory Surgical Centers
• Cancer Research Institutes

Therapeutic Nuclear Medicines Market by Region:

• North America Therapeutic Nuclear Medicines Market
• Latin America Therapeutic Nuclear Medicines Market
• Europe Therapeutic Nuclear Medicines Market
• East Asia Therapeutic Nuclear Medicines Market
• South Asia & Pacific Therapeutic Nuclear Medicines Market
• Middle East & Africa (MEA) Therapeutic Nuclear Medicines Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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