Market Research Report -- Global Radiopharmaceuticals Market to Reach $5.5 Billion by 2017

Market Research Report -- Global Radiopharmaceuticals Market to Reach $5.5 
Billion by 2017 
ROCKVILLE, MD -- (Marketwired) -- 04/09/13 --   MarketResearch.com
has announced the addition of the market research report "Nuclear
Medicine/Radiopharmaceuticals [SPECT/PET Radioisotopes (Technetium,
F-18)], [Beta/Alpha radiation therapy (I131, Y-90)], [Applications
(Cancer/Oncology, Cardiac)] & Stable Isotopes (Deuterium, C-13)
Market - Global Trends & Forecast to 2017" to their product offering. 
The global radiopharmaceuticals market was valued at $3.8 billion in
2012 and is poised to reach $5.5 billion by 2017 at a CAGR of 7.8%. 
A study conducted by Organization for Economic Co-operation and
Development (OECD) estimates that Tc-99m diagnostic procedures are
expected to increase by 15% to 20% in mature markets such as Europe,
North America, Japan, the Republic of Korea, and Oceania between 2010
and 2030. Radiopharmaceuticals in neurological applications such as
Alzheimer's disease, Parkinson's disease, and dementia are also being
preferred by practitioners besides conventional treatment. Further,
upcoming radioisotopes such as Ra-223 (Alpharadin) and Ga-68 possess
huge potential for clinical applications. The scheduled shutdown of
the NRU reactor in 2016 and OSIRIS in France in 2018 is, however, a
major threat for manufacturers. 
The therapy market is predominantly driven by its oncologic
applications. Since conventional treatment procedures of cancer,
surgery and chemotherapy have significant side effects, radioisotopes
are being preferred by medical practitioners due to minimum or no
side effects. The radiopharmaceutical therapy market is expected to
grow significantly with the launch of the much-desired Alpharadin
(Ra-223) in the near future. This isotope has tremendous potential to
take up market share of beta emitters and brachytherapy. 
North America is the dominant market for diagnostic radioisotopes
with 49% share. The U.S. is the largest consumer market for
radiopharmaceuticals in North America, while Canada is one of the
largest producers of Tc-99m. Major players in the
radiopharmaceuticals market are Cardinal Health, Inc. (U.S.),
Covidien, Plc (Ireland), GE Healthcare (U.K.), IBA Group (Belgium),
Lantheus Medical Imaging, Inc. (U.S.), Nordion, Inc. (Canada), and
Siemens Healthcare (PETNET) (Germany). 
The stable isotopes market was led by two players -- Cambridge
Isotope Laboratories (CIL) (U.S.) and Isotec (Sigma Aldrich) (U.S.)
-- in 2012; they jointly contributed more than 90% to the global
revenue. 
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