(MENAFN- EIN Presswire) EINPresswire/ -- The global radiopharmaceuticals market is entering a strong growth phase, driven by advancing radioligand therapies, improvements in diagnostic imaging, rising incidence of oncology cases, and expanding regulatory support. According to DataM Intelligence, the Radiopharmaceuticals Market Size was US$ 7.91 billion in 2024, up from US$ 7.20 billion in 2023, and is projected to grow to US$ 19.69 billion by 2033, at a CAGR of 10.8% during 2025-2033.

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Market Highlights & Segmentation
.Market Type: Divided into Diagnostic Radiopharmaceuticals and Therapeutic Radiopharmaceuticals.
.Radioisotopes: Key isotopes include Technetium-99m, Fluorine-18, Gallium-68, Gallium-67, Iodine-131, Lutetium-177, Yttrium-90, and others.
.Indication: Prostate cancer leads in 2024, with ~21.03% share, owing to wide adoption of PSMA-targeted diagnostic and therapeutic approaches. Other key indications: neuroendocrine tumors, thyroid cancer, bone tumors, hyperthyroidism, myocardial, pulmonary, vascular perfusion etc.
.End-Users: Hospitals, diagnostic imaging centers, ambulatory surgical centers, academic & research institutes among primary users.

Regional Trends
.North America holds the largest share in 2024 (~42.39%) of the total market due to strong healthcare infrastructure, well-developed nuclear medicine & radionuclide therapy adoption, favorable regulations, and high reimbursement levels.
.Asia-Pacific is the fastest-growing region, driven by improvements in healthcare access, growing number of diagnostic imaging and therapy facilities, regulatory impetus, and increasing awareness of nuclear medicine options.

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Drivers & Challenges:
Drivers
.Strong demand for precision diagnostics and targeted radioligand therapies.
.Increasing prevalence of cancer, cardiovascular and other chronic illnesses which benefit from imaging and targeted therapies.
.Advances in radioisotope production, improved radiochemistry, better supply chains, and regulatory approvals pushing novel agents.

Challenges / Restraints
.Nuclear waste handling, safety, and regulatory compliance are significant hurdles, especially in emerging markets. Infrastructure for safe isotope production, logistics, and disposal is expensive and tightly regulated.
.Short half-lives of many isotopes demand fast, efficient distribution and localized production; delays degrade usability.
.High cost of therapies/imaging agents and reimbursement issues in some markets.

Competitive Landscape & Key Players
Major companies active in the radiopharmaceuticals space include Novartis, Bayer, Eli Lilly, among others, who are investing in R&D, acquisitions, and expanding production capabilities.

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Strategic moves:
.Novartis' acquisition of Mariana Oncology to bolster its radiopharmaceutical pipeline.
.AstraZeneca's buy-out of radiopharma firms (e.g. Fusion Pharmaceuticals) to strengthen its presence in targeted radioconjugate therapies.

Strategic Outlook
The radiopharmaceuticals market is expected to undergo a paradigm shift over the next 5-10 years, defined by:
.Theranostics becoming more mainstream: combining diagnostic and therapeutic agents to personalize patient treatment.
.Isotope innovation: newer isotopes with optimal half-life, emission characteristics, and improved targeting will be developed.
.Regulatory & reimbursement evolution: regulatory pathways are becoming more supportive for radioligand therapies, and reimbursement frameworks are following, enabling broader adoption.
.Manufacturing & supply chain scaling: local/regional isotope production and radiopharmacy capacity expansion will reduce lead times and costs.

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✔ Comprehensive analysis of market size, share, and growth projections
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