Global Positron Emission Tomography (PET) Radiotracer Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Positron Emission Tomography (PET) Radiotracer Market from 2024 to 2033?
The PET radiotracer market is projected to grow from $2.15 billion in 2023 to $2.35 billion in 2024 at a CAGR of 9%, with growth fueled by infectious diseases, greater accessibility, novel radiotracers, cancer cases, and preventive medicine focus.
The positron emission tomography (PET) radiotracer market is projected to reach $3.33 billion by 2028, with a CAGR of 9.2%. This growth is attributed to expanded applications, regulatory approvals, emerging market growth, a growing geriatric population, and increased PET radio scanner adoption. Trends include the development of micro-PET technology, wearable tech integration, theranostics expansion, nano-radiotracers, and blockchain for data security.
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What Key Factors Are Fueling the Growth of the Positron Emission Tomography (PET) Radiotracer Market?
The growing prevalence of infectious diseases is expected to drive the positron emission tomography (PET) radiotracer market’s growth. Infectious diseases, caused by pathogens such as bacteria, viruses, fungi, or parasites, are becoming more common due to factors like climate change, urbanization, globalization, antibiotic resistance, and changes in human behavior. PET radiotracers are essential for detecting infections, assessing treatment responses, and distinguishing between infectious and non-infectious conditions. For example, a report from the UK Health Security Agency in February 2024 noted a 10.7% increase in tuberculosis (TB) cases in England in 2023. Therefore, the rising incidence of infectious diseases is fueling PET radiotracer market growth.
What Are the Major Segments of the Positron Emission Tomography (PET) Radiotracer Market?
1) By Radiotracer Type: F-18 (Fluorodeoxyglucose 18), Ga-68 (Fibroblast Activation Protein Inhibitor), Other Radiotracer Types
2) By Application: Cancer, Heart Disease, Gastrointestinal, Endocrine, Neurological Disorders, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
What New Trends Are Transforming the Positron Emission Tomography (PET) Radiotracer Market?
Companies in the positron emission tomography (PET) radiotracer market are focusing on advanced diagnostic solutions, such as PET imaging agents, to improve cancer detection and patient outcomes. A PET imaging agent is a radioactive substance used to visualize biological processes during PET scans. In March 2023, IsoLogic Innovative Radiopharmaceuticals launched Illuccix, a prostate cancer imaging agent in Canada, to detect metastatic prostate cancer. It aids physicians in identifying metastatic disease and making management decisions for patients with suspected recurrence based on elevated prostate-specific antigen levels.
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Which Regions Are Driving Growth in the Positron Emission Tomography (PET) Radiotracer Market?
North America was the largest region in the positron emission tomography (PET) radiotracer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the positron emission tomography (PET) radiotracer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Positron Emission Tomography (PET) Radiotracer Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the positron emission tomography (pet) radiotracer market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Positron Emission Tomography (PET) Radiotracer Market Include
1. Positron Emission Tomography (PET) Radiotracer Market Executive Summary
2. Positron Emission Tomography (PET) Radiotracer Market Segments
3. Positron Emission Tomography (PET) Radiotracer Market Size And Template Market Growth Rate
4. Key Positron Emission Tomography (PET) Radiotracer Market Trends
5. Major Positron Emission Tomography (PET) Radiotracer Market Drivers
……
25. Key Mergers And Acquisitions In The Positron Emission Tomography (PET) Radiotracer Market
26. Top Positron Emission Tomography (PET) Radiotracer Companies
27. Positron Emission Tomography (PET) Radiotracer Market Opportunities And Strategies
28. Positron Emission Tomography (PET) Radiotracer Market, Conclusions And Recommendations
29. Appendix
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