Technetium-99m Market – Scope of the Report
TMR’s report on the global Technetium-99m market studies past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the market during the forecast period from 2024 to 2030. The report provides revenue of the global Technetium-99m market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global Technetium-99m market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global Technetium-99m market.
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Advancements in Imaging Techniques and Soaring Demand for Radiotherapy to Aid Market Growth
Technological advancements and scientific studies have played an imperative role in the development of the modern healthcare and pharmaceutical industry. With increasing knowledge pertaining to the benefits of using different materials and elements in the medical field, the adoption of radioactive isotopes, including Molybdenum-99/Technetium-99 has witnessed consistent growth over the past couple of decades. The consistent demand for Technetium-99 within the healthcare sector, particularly in the nuclear medicine space is one of the leading factors that is expected to drive the Technetium-99 market during the forecast period. Although human exposure to radiation is deemed unsafe, the adoption of radioisotopes in the treatment and diagnosis is projected to show no signs of slowing down during the assessment period.
Noteworthy advancements in the imaging techniques, including positron emission tomography (PET) and single-photon emission computed tomography (SPECT) is another major factor that is expected to fuel the growth of the Technetium-99 market in the upcoming years. Radioisotopes are increasingly being used to perform radiotherapy– a common treatment for cancer. The adoption of radioisotope in radiotherapy and nuclear medicine has advanced at an impressive pace ever since artificial radioisotope was discovered. Research and development activities within the Technetium-99 market continue to investigate potential applications of artificial isotopes for nuclear medicine. While new technologies and innovations are expected to develop at a steady pace over the upcoming years, the Technetium-99 market is set to surpass the market value of ~US$ 4 Bn by the end of 2030.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Key Players of Technetium-99m Market Report:
This report profiles major players in the global Technetium-99m market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments in Technetium-99m market
The global Technetium-99m market is highly consolidated, with the presence of small number of players
Leading players in the global Technetium-99m market include GE Healthcare, Lantheus Medical Imaging, Inc., Curium, Siemens Healthineers, Advanced Accelerator Applications, Bayer AG, Eckert & Ziegler, Philips, and Jubilant Life Sciences Limited
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