Key Insights into the Positron Emission Tomography (PET) Radiotracer Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion 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. These diseases are on the rise due to factors like climate change, urbanization, and antibiotic resistance. PET radiotracers help detect infections, monitor treatment responses, and distinguish between infectious and non-infectious conditions. According to the UK Health Security Agency, tuberculosis cases in England increased by 10.7% in 2023. The rising prevalence of infectious diseases is propelling the growth of the PET radiotracer market.
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#How Will the CAGR of the Positron Emission Tomography (PET) Radiotracer Market Influence Its Overall Growth by 2034?
The positron emission tomography (PET) radiotracer market size will grow from $2.35 billion in 2024 to $2.57 billion in 2025 at a CAGR of 9.3%. The growth is attributed to the prevalence of infectious diseases, awareness and accessibility, novel radiotracers, rising cancer rates, and focus on preventive medicine.
The positron emission tomography (PET) radiotracer market is expected to grow to $3.63 billion by 2029 at a CAGR of 9.1%. Growth is attributed to expanded applications, regulatory approvals, emerging markets, the aging population, and increased adoption of PET scanners. Major trends include micro-PET technology, wearable tech integration, theranostics, nano-radiotracers, and blockchain for data security.
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What New Market Trends Are Reshaping thePositron Emission Tomography (PET) Radiotracer Market and Its Opportunities?
Companies in the positron emission tomography (PET) radiotracer market are focusing on developing advanced diagnostic solutions, like PET imaging agents, to improve cancer detection and patient outcomes. PET imaging agents are radioactive substances used in PET scans to visualize and measure biological processes in the body. For instance, in March 2023, IsoLogic Innovative Radiopharmaceuticals, a Canada-based radiopharmaceutical company, introduced Illuccix, a prostate cancer imaging agent designed to detect metastatic prostate cancer. This tool aids physicians in identifying metastatic disease and supporting patient management decisions.
Who Are the Leading Market Players Fueling Growth in the Positron Emission Tomography (PET) Radiotracer Market Trend?
Major companies operating in the positron emission tomography (PET) radiotracer marker are Cardinal Health Inc., AstraZeneca PLC, Eli Lilly and Company, Siemens Healthineers AG, GE Healthcare Technologies Inc., Philips Healthcare, Bracco Imaging S.p.A., Neusoft Medical Systems Co Ltd., Lantheus Holdings Inc., Jubilant Pharma Limited, SOFIE Biosciences (SOFIE), Yantai Dongcheng Pharmaceutical Group Co. Ltd., Nordion Inc., RefleXion Medical Inc., Isologic Innovative Radiopharmaceuticals, ABX Advanced Biochemical Compounds GmbH, IBA Radiopharma Solutions S.A., IXICO PLC, ImaginAb Inc., Radiomedix Inc.
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How is the Global Positron Emission Tomography (PET) Radiotracer Market Segemented?
The positron emission tomography (PET) radiotracer market covered in this report is segmented –
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
Subsegments:
1) By F-18 (Fluorodeoxyglucose 18): F-18 FDG (Fluorodeoxyglucose), F-18 Fluoroethyltyrosine (FET), F-18 Florbetapir (Amyloid PET Imaging)
2) By Ga-68 (Fibroblast Activation Protein Inhibitor): Ga-68 Dotatate (Neuroendocrine Tumor Imaging), Ga-68 PSMA (Prostate-Specific Membrane Antigen Imaging), Ga-68 FAPI (Fibroblast Activation Protein Inhibitor Imaging)
3) By Other Radiotracer Types: C-11 (Carbon-11), N-13 (Nitrogen-13), O-15 (Oxygen-15), Rb-82 (Rubidium-82), I-124 (Iodine-124)
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Which Geographics are Influencing the Growth of the Positron Emission Tomography (PET) Radiotracer Market?
North America was the largest region in the positron emission tomography (PET) radiotracer market in 2024. 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.
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