Radiopharmaceutical Theranostics Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theRadiopharmaceutical Theranostics Market?
The surge in cancer cases is anticipated to boost the radiopharmaceutical theranostics market’s expansion. Cancer is a disease characterized by the uncontrolled and unusual growth of cells, which can spread throughout the body. In the treatment of cancer, radiopharmaceutical theranostics offers personalized and targeted strategies. For example, The American Cancer Society, a voluntary US-based cancer health organization, predicts that in 2023, there will be an estimated 1.9 million new cancer diagnoses and approximately 609,820 deaths from cancer in the United States. Furthermore, it is expected that 88% of those to be diagnosed will be individuals aged 50 or older. Therefore, the increasing prevalence of cancer is a key factor fueling the radiopharmaceutical theranostics market’s growth.
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#What Growth Opportunities Will Drive the Radiopharmaceutical Theranostics Market’s CAGR Through 2034?
In recent times, the radiopharmaceutical theranostics market has experienced a swift expansion. Its size is projected to increase from $2.88 billion in 2024 to $3.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.7%. This growth during the historical period is a result of advancements in radiopharmaceutical development, clinical research, investment in research, progress made in nuclear medicine, and regulatory approval.
Accelerated expansion is anticipated in the radiopharmaceutical theranostics market in the coming years, with its size predicted to reach $5.76 billion by 2029, moving at a compound annual growth rate (CAGR) of 15.2%. The anticipated growth in this timeframe can be credited to factors such as the discovery and validation of biomarkers, advancements in genomic and proteomic technologies, the development of precision radiotherapy, cross-disciplinary collaborations, and increased patient advocacy and support. Noteworthy trends projected for this forecast period incorporate ethical and legal discussions, the use of telemedicine in theranostics, a focus on patient-centred care, tailoring of radiopharmaceuticals, and progress in nano-theranostics.
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Which Cutting-Edge Market Trends Are Expected to Drive theRadiopharmaceutical Theranostics Market’s Growth?
Leading firms in the radiopharmaceutical theranostics sector are strategically partnering to foster the creation of novel therapies. These strategic collaborations are a significant propellant for these companies, merging their expertise and resources, intensifying R&D potential, extending their market scope, and quickening the process of commercialization. This, in turn, foments growth and ingenuity within the radiopharmaceutical theranostics landscape. For example, Radiopharm Theranostics, a biotechnology firm based in Australia, entered into a partnership with Pharma15 Corporation, a US venture, in March 2023. Their joint endeavor aims to create new therapeutic radiopharmaceuticals that target prostate cancer, with a particular concentration on circumventing resistance towards extant PSMA-focussed treatments and enhancing selectivity to reduce toxicity in unaffected tissues.
What Are the Leading Market Players Impacting theRadiopharmaceutical Theranostics Market’s Growth Trend?
Major companies operating in the radiopharmaceutical theranostics market include Cardinal Health Inc., GE HealthCare Technologies Inc., Bayer AG, China Grand Pharmaceutical & Healthcare., Lantheus Medical Imaging Inc., Curium Pharma, Advanced Accelerator Applications, Telix Pharmaceuticals Ltd., Bracco Imaging S.p.A, NTP Radioisotopes SOC Ltd., Navidea Biopharmaceuticals Inc., Jubilant DraxImage Inc., NorthStar Medical Radioisotopes LLC, Blue Earth Diagnostics Ltd., Precirix NV, SpectronRx, Viewpoint Molecular Targeting Inc., NuView Life Sciences, Alpha-9 Theranostics Inc., RadioMedix Inc, RayzeBio Inc, Fusion Pharmaceuticals Inc, Actinium Pharmaceuticals Inc., Eckert & Ziegler Strahlen- und Medizintechnik AG, Ariceum Therapeutics GmbH, Radiopharm Theranostics Ltd, Ratio Therapeutics Inc, Primo Biotechnology, Bivision Biomedical Technology (Nanjing) Co. Ltd.
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How Are the Key Segments of the Radiopharmaceutical Theranostics Market Driving Opportunities and Innovations?
The radiopharmaceutical theranostics market covered in this report is segmented –
1) By Product Type: Alpha Emitters, Beta Emitters, Positron Emission Tomography (PET) Tracers
2) By Source: Nuclear Reactors, Cyclotrons
3) By Radioisotope: Technetium-99, Gallium-68, Iodine-131, Iodine-123, 18F, Y-90, Lutetium (Lu) 177, Copper (Cu) 67, Copper (Cu) 64, Other Radioscopes
4) By Indication: Oncology, Cardiology, Neurology, Other Indications
5) By End User: Hospitals, Diagnostic Imaging Centers, Academic And Research Institutes, Other End Users
Subsegments:
1) By Alpha Emitters: Actinium-225, Radium-223, Bismuth-213, Other Alpha-Emitting Radiopharmaceuticals
2) By Beta Emitters: Iodine-131, Lutetium-177, Yttrium-90, Other Beta-Emitting Radiopharmaceuticals
3) By Positron Emission Tomography (PET) Tracers: Fluorodeoxyglucose (FDG), Gallium-68, Carbon-11, Other PET Tracers
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theRadiopharmaceutical Theranostics Market?# Market Expansion?
North America was the largest region in the radiopharmaceutical theranostics market in 2024. The regions covered in the radiopharmaceutical theranostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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