In-Depth Insights into the Positron Emission Tomography (PET) Radiotracer Market: Growth, Trends, and Opportunities for 2025-2034
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How has the positron emission tomography (pet) radiotracer market grown in recent years?
The positron emission tomography (PET) radiotracer market has expanded significantly, projected to rise from $2.35 billion in 2024 to $2.57 billion in 2025 at a CAGR of 9.3%. Growth drivers include increasing infectious disease prevalence, greater awareness and accessibility, the emergence of novel radiotracers, rising cancer cases, and a stronger focus on preventive medicine.
How is the positron emission tomography (pet) radiotracer market size expected to evolve during the forecast period?
The positron emission tomography (PET) radiotracer market is projected to grow significantly, reaching $3.63 billion by 2029 at a CAGR of 9.1%, fueled by expanding applications, regulatory approvals, increasing presence in emerging markets, a growing elderly population, and wider adoption of PET radio scanners. Major trends include micro-PET technology, integration with wearable devices, expansion of theranostics, nano-radiotracers, and blockchain for data security.
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Which key drivers are propelling the positron emission tomography (pet) radiotracer market’s growth?
The increasing prevalence of infectious diseases is expected to propel the growth of the positron emission tomography (PET) radiotracer market going forward. Infectious diseases refer to illnesses caused by pathogenic microorganisms such as bacteria, viruses, fungi, or parasites. The rising prevalence of infectious diseases is due to climate change, urbanization, globalization, antibiotic resistance, and changes in human behavior, which all facilitate the spread of pathogens. Positron emission tomography (PET) radiotracers help infectious diseases by visualizing metabolic activity and inflammation, enabling detection of infection, assessment of treatment response, and differentiation between infectious and non-infectious conditions for better patient outcomes. For instance, in February 2024, according to a report published by the UK Health Security Agency, a UK-based government agency, tuberculosis (TB) cases in England increased by 10.7% in 2023, with 4,850 cases reported compared to 4,380 in 2022. Therefore, the increasing prevalence of infectious diseases is driving the growth of the positron emission tomography (PET) radiotracer market.
What are the market segments in the positron emission tomography (pet) radiotracer industry?
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 leading companies are shaping the growth of the positron emission tomography (pet) radiotracer market?
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.
What key trends are currently impacting the positron emission tomography (pet) radiotracer market’s development?
Leading businesses in the PET radiotracer market are prioritizing the creation of innovative diagnostic tools such as PET imaging agents to boost the detection of cancer and improve patient prognosis. PET imaging agents are radioactive substances used in PET scans to view and track bodily functions. For example, in March 2023, IsoLogic Innovative Radiopharmaceuticals, a radiopharmaceutical firm based in Canada, introduced Illuccix, alternatively known as the Ga-68 Gozetotide Preparation Kit (PSMA-11) in Canada, which is a prostate cancer imaging agent specifically created to detect metastatic prostate cancer. This equipment is beneficial to doctors for detecting metastatic illnesses and assisting in patient care decisions. It is intended for use in patients suspected of developing metastasis and are considered for initial definitive treatment and those suspected of recurrence as signaled by a rise in serum prostate-specific antigen (PSA) levels.
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Which geographic areas 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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