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What is the Predicted CAGR for the Radiotheranostics Market Over the Forecast Period of 2025 to 2034?

The radiotheranostics market has experienced significant growth in recent years. It is expected to increase from $8.79 billion in 2024 to $10.07 billion in 2025, reflecting a CAGR of 14.6%. The key drivers of past growth include progress in nuclear medicine, a rising incidence of cancer, developments in personalized medicine, advances in radiopharmaceuticals, and evolving regulatory standards.

The radiotheranostics market is projected to grow swiftly, reaching $16.94 billion by 2029 with a CAGR of 13.9%. Growth in this period will be driven by advancements in targeted cancer treatments, expansion in oncology research, an increase in chronic diseases, and the growing adoption of theranostic applications. Emerging trends include the development of radiotheranostic pharmaceuticals, the extension of applications beyond oncology, personalized radiopharmaceuticals, the use of nanotechnology, and evolving regulatory frameworks.

What Key Drivers Are Accelerating the Growth of the radiotheranostics Market During the Forecast Period?

The increasing prevalence of cancer is also expected to boost the growth of the radiotheranostics market. Radiotheranostics uses paired diagnostic and therapeutic radionuclide probes to selectively treat cancer cells. In January 2024, the American Cancer Society projected 2,001,140 cancer cases in 2024, an increase of 2.19% from the 2023 total of 1,958,310. Therefore, the rising cancer incidence is driving the growth of the radiotheranostics market.

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Who Are the Top Companies Driving Innovation and Growth in the Radiotheranostics Market?

Major companies operating in the radiotheranostics market include:

• Lantheus Holdings Inc._x000D_

• Cardinal Health Inc._x000D_

• GE Healthcare Inc._x000D_

• Bayer AG_x000D_

• Novartis AG_x000D_

What Key Trends Are Currently Impacting the Radiotheranostics Market’s Development?

Product innovations are central to the radiotheranostics market’s growth, with companies working on novel products to strengthen their market position. In May 2023, Advanced Cyclotron Systems Inc., a Canada-based supplier of cyclotrons for medical isotope production, launched the TR-ALPHA. This cyclotron produces alpha-emitting radioisotopes like Astatine-211, essential for cancer treatment. The TR-ALPHA is smaller, more affordable, and easier to operate compared to previous models, making it ideal for hospitals and research institutions seeking a dedicated cyclotron for producing therapeutic radioisotopes.

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Which Key Segments Stand Out in Understanding the Composition of the Radiotheranostics Market?

The radiotheranostics market covered in this report is segmented –

1) By Radioisotope: Technetium-99, Gallium-68, Iodine-131, Iodine-123, Fludeoxyglucose-18F, Yttrium-90, Lutetium (Lu) 177, Copper (Cu) 67, Copper (Cu) 64, Other Radioisotopes

2) By Approach: Targeted Therapeutic, Targeted Diagnostic

3) By Application: Oncology, Non-Oncology

4) By End-Users: Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Other End-Users

Subsegments:

1) By Technetium-99: Technetium-99m, Technetium-99 Pertechnetate

2) By Gallium-68: Gallium-68 DOTATATE, Gallium-68 PSMA

3) By Iodine-131: Iodine-131 For Thyroid Cancer Treatment, Iodine-131 For Hyperthyroidism Treatment

4) By Iodine-123: Iodine-123 For Thyroid Scans, Iodine-123 For Cardiac Imaging

5) By Fludeoxyglucose-18F (FDG): FDG For Oncology Imaging, FDG For Brain Imaging

6) By Yttrium-90: Yttrium-90 Microspheres For Liver Cancer, Yttrium-90 For Radioimmunotherapy

7) By Lutetium (Lu) 177: Lutetium-177 PSMA For Prostate Cancer, Lutetium-177 DOTATATE For Neuroendocrine Tumors

8) By Copper (Cu) 67: Copper-67 For Targeted Radiotherapy, Copper-67 In Clinical Trials

9) By Copper (Cu) 64: Copper-64 For PET Imaging, Copper-64 For Radiotherapy

10) By Other Radioisotopes: Radium-223, Samarium-153, Other Emerging Radioisotopes In Theranostics

Which Geographical Regions Are Pioneering Growth in the Radiotheranostics Market?

North America was the largest region in the radiotheranostics market in 2024. The regions covered in the radiotheranostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Defining Aspects of the Radiotheranostics Market Landscape?

Radiotheranostics refers to diagnoses and treatments that utilize imaging methods with radioactive substances to pinpoint specific targets in the body. It is used to administer targeted radiation therapy to defined locations, allowing for precise and tailored cancer treatment while minimizing harm to healthy tissues to enhance treatment results and patient care.

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