Asia Pacific Radiopharmaceuticals Market
Segments - by Products (Diagnostics [SPECT and PET] and Therapeutics [Beta Emitters, Brachytherapy, and Alpha Emitters]), Types (Doppler OCT, Catheter, Handheld, and Tabletop), Applications (Diagnostics [Neurology, Cardiology, Oncology, Lymphoma, and Thyroid] and Therapeutics [Bone Metastasis, Thyroid, Lymphoma, and Endocrine Tumor]), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) – Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Asia Pacific radiopharmaceuticals market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the positive results of research report on radiopharmaceuticals and wide use of the method for the treatment of various chronic conditions.
Radiopharmaceuticals refers to molecular imaging that includes the use of molecules as biomarkers for molecular processes that discovers the progress of a disease. The rapid development of the radiopharmaceutical companies and expansion of the pharmaceutical market in the region present major aspects for the market growth. With the rising cases of various chronic illness and rising awareness among people about the diseases in the region, the diagnostic rates are increasing substantially. This is expected to fuel the demand for PET and SPECT devices. Most of the developing nations in this region are working for the stable and efficient healthcare system. It is a great opportunity for the sale of radiopharmaceutical products that finds vast applications across the length and breadth of the healthcare industry.
A report declared in the JurnalSainsNuklear Malaysian in 2016, more than 75.0% of Tc-99m was used in the medical sector in Malaysia and attempts toward grading up self-manufacturing of radiopharmaceutical was aimed at enhancing the healthcare sector of the region. Another phenomenon attributed to affect market is the increase in the number of healthcare improvement and facilities in care.
Market Trends, Drivers, Restraints, and Opportunities
- Positive results of research studies on radiopharmaceuticals in the treatment of chronic conditions is expected to boost market growth.
- Large scale development for molecular imaging and wide investment on use of these molecules as biomarkers are expected to boost the market growth.
- Rise in the number of healthcare facilities establishment and improvement in healthcare provision are expected to propel the market growth.
- Advancement in scanning technology is further a key factor to fuel the market growth.
- High cost of radiopharmaceuticals treatment is expected to slow down the market growth.
Scope of the Report
The report on Asia Pacific radiopharmaceuticals 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 |
Asia Pacific Radiopharmaceuticals Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
|
Segmentation |
Products (Diagnostics [SPECT and PET] and Therapeutics [Beta Emitters, Brachytherapy, and Alpha Emitters]), Types (Doppler OCT, Catheter, Handheld, and Tabletop), Applications (Diagnostics [Neurology, Cardiology, Oncology, Lymphoma, and Thyroid] and Therapeutics [Bone Metastasis, Thyroid, Lymphoma, Endocrine Tumor]) |
|
Geography |
India, China, South Korea, Japan, and Rest of Asia Pacific |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Bayer AG; Nordion, Inc.; GE Healthcare; Bracco Group; and Mallinckrodt Public Limited Company. |
Market Segment Insights
Diagnostics segment is expected to grow at a rapid pace
Based on products, the Asia Pacific radiopharmaceuticals market is bifurcated into diagnostics and therapeutics. The diagnostics segment is further divided into SPECT and PET while the therapeutics segment is sub-segmented into beta emitters, brachytherapy, and alpha emitters. The diagnostics segment accounted for a key share of the market in 2019 and is expected to grow at a rapid pace owing to diagnostic techniques that provide a better insight into the disease than the traditionally used diagnostic devices. However, the therapeutics segment is anticipated to expand at a substantial growth rate during the forecast period due to lowering prices of the scanning devices and government support.
Catheter segment is projected to expand at a considerable CAGR
On the basis of types, the market is divided into doppler OCT, catheter, handheld, and tabletop. The catheter segment is projected to expand at a considerable CAGR during the forecast period due to advancement in catheter technology. Meanwhile, the handheld segment is anticipated to hold a moderate growth rate during the projected period owing to strict regulation of the radioactive elements and complex manufacturing processes.
Therapeutics segment is expected to grow substantially
Based on applications, the Asia Pacific radiopharmaceuticals market is bifurcated into diagnostics and therapeutics. The diagnostics segment is further categorized as neurology, cardiology, oncology, lymphoma, and thyroid while the therapeutics segment includes bone metastasis, thyroid, lymphoma, and endocrine tumor. The therapeutics segment is expected to grow substantially in the coming years due to large number of adoption rate of therapeutic method among people globally. On the other hand, the diagnostics segment is anticipated to exhibit a moderate growth rate during the forecast period owing to wide adoption of the diagnosis.
China is anticipated to constitute a key market share
In terms of geography, the market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. The market of China accounted for a key share of the market in 2019 and is anticipated to constitute a key market share in the coming years due to large number of population and rising prevalence of chronic diseases in the country. The market of India, however, is anticipated to expand at a rapid pace during the forecast period owing to development of healthcare infrastructure and facilities along with the existing favorable government policies.
Segments
Segments Covered in the Report
The Asia Pacific radiopharmaceuticals market has been segmented on the basis of
Products
- Diagnostics
- SPECT
- PET
- Therapeutics
- Beta Emitters
- Brachytherapy
- Alpha Emitters
Types
- Doppler OCT
- Catheter
- Handheld
- Tabletop
Applications
- Diagnostics
- Neurology
- Cardiology
- Oncology
- Lymphoma
- Thyroid
- Therapeutics
- Bone Metastasis
- Thyroid
- Lymphoma
- Endocrine Tumor
Geography
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
Key Players
- Bayer AG
- Nordion, Inc.
- GE Healthcare
- Bracco Group
- Mallinckrodt Public Limited Company
Competitive Landscape
Key players competing in the Asia Pacific radiopharmaceuticals market are Bayer AG; Nordion, Inc.; GE Healthcare; Bracco Group; and Mallinckrodt Public Limited Company. The main market players are continuously engaged in various business expansion activities such as mergers and acquisitions, research and developments, investments for innovative products, and collaborations. For instance, Nordion, Inc. introduced a new custom dose for TheraSphere, in March 2012.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Radiopharmaceuticals 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. Radiopharmaceuticals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Radiopharmaceuticals Market - Supply Chain
4.5. Global Radiopharmaceuticals Market Forecast
4.5.1. Radiopharmaceuticals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Radiopharmaceuticals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Radiopharmaceuticals Market Absolute $ Opportunity
5. Global Radiopharmaceuticals 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. Radiopharmaceuticals Market Size and Volume Forecast by Types
5.3.1. Doppler OCT
5.3.2. Catheter
5.3.3. Handheld
5.3.4. Tabletop
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Radiopharmaceuticals 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. Radiopharmaceuticals 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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
7. North America Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
7.4.1. Doppler OCT
7.4.2. Catheter
7.4.3. Handheld
7.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
8. Latin America Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
8.4.1. Doppler OCT
8.4.2. Catheter
8.4.3. Handheld
8.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
9. Europe Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
9.4.1. Doppler OCT
9.4.2. Catheter
9.4.3. Handheld
9.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
10. Asia Pacific Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
10.4.1. Doppler OCT
10.4.2. Catheter
10.4.3. Handheld
10.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
11. Middle East & Africa Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
11.4.1. Doppler OCT
11.4.2. Catheter
11.4.3. Handheld
11.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Radiopharmaceuticals Market: Market Share Analysis
12.2. Radiopharmaceuticals Distributors and Customers
12.3. Radiopharmaceuticals Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Bayer AG
12.4.2. Nordion, Inc.
12.4.3. GE Healthcare
12.4.4. Bracco Group
12.4.5. Mallinckrodt Public Limited Company
2. Assumptions and Acronyms Used
3. Research Methodology
4. Radiopharmaceuticals 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. Radiopharmaceuticals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Radiopharmaceuticals Market - Supply Chain
4.5. Global Radiopharmaceuticals Market Forecast
4.5.1. Radiopharmaceuticals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Radiopharmaceuticals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Radiopharmaceuticals Market Absolute $ Opportunity
5. Global Radiopharmaceuticals 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. Radiopharmaceuticals Market Size and Volume Forecast by Types
5.3.1. Doppler OCT
5.3.2. Catheter
5.3.3. Handheld
5.3.4. Tabletop
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Radiopharmaceuticals 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. Radiopharmaceuticals 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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
7. North America Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
7.4.1. Doppler OCT
7.4.2. Catheter
7.4.3. Handheld
7.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
8. Latin America Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
8.4.1. Doppler OCT
8.4.2. Catheter
8.4.3. Handheld
8.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
9. Europe Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
9.4.1. Doppler OCT
9.4.2. Catheter
9.4.3. Handheld
9.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
10. Asia Pacific Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
10.4.1. Doppler OCT
10.4.2. Catheter
10.4.3. Handheld
10.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
11. Middle East & Africa Radiopharmaceuticals 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 Radiopharmaceuticals 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 Radiopharmaceuticals Market Size and Volume Forecast by Types
11.4.1. Doppler OCT
11.4.2. Catheter
11.4.3. Handheld
11.4.4. Tabletop
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 Radiopharmaceuticals Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Radiopharmaceuticals Market: Market Share Analysis
12.2. Radiopharmaceuticals Distributors and Customers
12.3. Radiopharmaceuticals Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Bayer AG
12.4.2. Nordion, Inc.
12.4.3. GE Healthcare
12.4.4. Bracco Group
12.4.5. Mallinckrodt Public Limited Company
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