Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market

Segments - Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market by Types (Alpha Emitters, Beta Emitters, and Brachytherapy), Applications (Oncology, Cardiology, Thyroid, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global nuclear medicine therapeutic alpha beta emitter’s brachytherapy market size was valued at USD 6.1 billion in 2019 and is projected to expand at a significant CAGR during the forecast period. Growth of the market is attributed to increased frequency of cancer & heart diseases, as well as the growing need for image-guided treatments and diagnostics.

Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market summary

Certain diseases are diagnosed and treated using nuclear medicine methods. Radiopharmaceuticals are radioactive materials used in these treatments. Hyperthyroidism, thyroid cancer, lymphomas, and cancer-related bone pain are illnesses that can be treated using nuclear medicine treatments.

When compared to chemotherapy, the ease of treatment with minimally invasive techniques draws more patients to radiopharmaceuticals. The increasing incidences of cardiac patients, as well as the adoption of clear imaging techniques using diagnostic equipment such as PET and SPECT, are driving factors in the radiopharmaceuticals industry.

The Covid-19 has had a beneficial influence on the market. People with cardiovascular problems had the worst hit by the coronavirus. It has resulted in a rise in demand for nuclear medicine, which is highly successful at identifying certain illnesses. The use of nuclear medicines has grown as the necessity for precise diagnosis has increased with the rising number of positive cases. Coronavirus has a lethal effect on the respiratory system, thus nuclear medications can be utilized to treat and diagnose respiratory system disorders.

Market Trends, Drivers, Restraints, and Opportunities

Increasing intensity of cancer and heart diseases, as well as the growing need for image-guided treatments and diagnostics is expected to fuel the market during the forecast period.
Increasing availability of efficient diagnostics and treatment techniques is a key factor propelling the market.
High cost of medicines is anticipated to hamper the market growth.
Strict laws and restrictions for authorizing new items act as major challenge that can hinder the market expansion during the forecast period.
Rising demand from emerging countries, forthcoming radioisotopes, and expanding utilization across neurological applications are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global nuclear medicine therapeutic alpha beta emitter’s brachytherapy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2021–2028
Segmentation	Alpha Emitters, Beta Emitters, and Brachytherapy
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	IBA Radiopharma Solutions; Bayer AG; Alpha Tau Medical Ltd; Actinium Pharmaceutical Inc.; and Jubilant Life Sciences Co

Market Segment Insights:

The alpha emitters segment holds a major market share

Based on types, the global nuclear medicine therapeutic alpha beta emitters’ brachytherapy market is segregated into alpha emitters, beta emitters, and brachytherapy. Alpha-emitters are radionuclides that decay by emitting high linear energy transfer -particles and have promising pharmacologic profiles for cancer treatment. Numerous studies have shown that targeted -therapy is effective in vitro and in vivo.

Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market types

The cardiology segment is expected to grow at a rapid pace

On the basis of applications, the nuclear medicine therapeutic alpha beta emitter’s brachytherapy market is segregated into oncology, cardiology, thyroid, and others. The cardiology segment is expected to represent a key share of the market during the forecast period. Cardiology is a medical specialty and a subspecialty of internal medicine that deals with cardiac problems. It includes diseases such as congenital heart defects, coronary artery disease, electrophysiology, heart failure, and valvular heart disease, as well as its diagnosis and treatment. Nuclear imaging is a technique for diagnosing and treating diseases such as heart disease, cancer, and brain problems that involves injecting a small quantity of radioactive particle and measuring the response using external detectors like gamma cameras. According to WHO estimates, 17.9 million people died in 2016 due to cardiovascular disease (CVD). As a result of rising number of cardiac illnesses, the category is projected to drive the market.

Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market applications

The market in North America is projected to hold a major market share

In terms of regions, the global nuclear medicine therapeutic alpha beta emitters brachytherapy market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during forecast period. Cancer is one of the most common diseases in the countries such as the US and Canada. The US and Canada have developed well-structured health-care systems. As a result, these systems promote research and development. These policies encourage global players to invest in the United States and Canada.

Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market regions

Segments

Segments Covered in the Report
The global nuclear medicine therapeutic alpha beta emitters’ brachytherapy market is segmented on the basis of
Types

Alpha Emitters
Beta Emitters
Brachytherapy

Applications

Oncology
Cardiology
Thyroid
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

IBA Radiopharma Solutions
Bayer AG
Alpha Tau Medical Ltd
Actinium Pharmaceutical Inc.
Jubilant Life Sciences Co

Competitive Landscape

Major players competing in the nuclear medicine therapeutic alpha beta emitters’ brachytherapy market include IBA Radiopharma Solutions, Bayer AG, Alpha Tau Medical Ltd, Actinium Pharmaceutical Inc., and Jubilant Life Sciences Co.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market - Supply Chain
  4.5. Global Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Forecast
     4.5.1. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Absolute $ Opportunity
5. Global Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     5.3.1. Alpha Emitters
     5.3.2. Beta Emitters
     5.3.3. Brachytherapy
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
7. North America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     7.4.1. Alpha Emitters
     7.4.2. Beta Emitters
     7.4.3. Brachytherapy
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
8. Latin America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     8.4.1. Alpha Emitters
     8.4.2. Beta Emitters
     8.4.3. Brachytherapy
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
9. Europe Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     9.4.1. Alpha Emitters
     9.4.2. Beta Emitters
     9.4.3. Brachytherapy
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
10. Asia Pacific Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     10.4.1. Alpha Emitters
     10.4.2. Beta Emitters
     10.4.3. Brachytherapy
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
11. Middle East & Africa Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market Size and Volume Forecast by Types
     11.4.1. Alpha Emitters
     11.4.2. Beta Emitters
     11.4.3. Brachytherapy
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market: Market Share Analysis
  12.2. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Distributors and Customers
  12.3. Nuclear Medicine Therapeutic Alpha Beta Emitters Brachytherapy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. IBA Radiopharma Solutions
     12.4.2. Bayer AG
     12.4.3. Alpha Tau Medical Ltd
     12.4.4. Actinium Pharmaceutical Inc.
     12.4.5. Jubilant Life Sciences Co