The global nuclear medicine market is segmented into product, application and region. On the basis of product, the global nuclear medicine market is bifurcated into diagnostics (SPET (TC-99m, TL-201, GA-67, I-123, and Others), PECT(F-18, RB-82, and Others)) and therapeutics (Alpha Emitters (RA-223, Others), Beta Emitters (I-131, Y-90, SM-153, Re-186, Lu-117, Others), Brachytherapy(Cesium-131, Iodine-125, Palladium-103, Iridium-192, and Others)). Application based segmentation of the global nuclear medicine market is into diagnostics and therapeutics. Diagnostics is further bifurcated into cardiology, neurology, oncology, thyroid, lymphoma, and others. Therapeutics is further bifurcated into thyroid, bone metastasis, lymphoma, endocrine tumor, and others. Regionally speaking the global Nuclear medicine market is categorized by Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
The market is driven by requirement for ahead of schedule and precise analytic strategies, combined with developing need for better treatments. The market’s development is boosted by the expanding occurrence of disease and cardiovascular issue, both areas where nuclear medicine has demonstrated fairly precise in the determination and treatment of such conditions. These areas demand radio pharmaceuticals more than anything as it has shown positive outcomes. This in turn has led to significant R& D in the field with the aim of extending the radioisotope applications for analysis and treatment of bone ailments, respiratory illnesses, thyroid-related ailments, and states of the stomach related tract.
It is expected that the global nuclear medicine market will grow at a CAGR of 9.5% reaching a market size of 16.2 billion by the year 2026.
Here are some more points to help explain about the global nuclear medicine market:
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