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What fueled the previous growth in the therapeutic nuclear drug market?

The therapeutic nuclear drug market has experienced rapid growth, with its size set to increase from $1.94 billion in 2024 to $2.23 billion in 2025, at a CAGR of 15.1%. This growth has been fueled by rising regulatory approvals, advancements in patient-specific treatment approaches, improvements in dosimetry techniques, increased awareness of nuclear medicines, and growing investments in research and development.

What will be the therapeutic nuclear drug market size in the future?

The therapeutic nuclear drug market is projected to expand rapidly, reaching $3.86 billion by 2029 at a CAGR of 14.7%. Growth will be driven by the shift toward personalized medicine, increased healthcare infrastructure investment, a rising geriatric population, more diagnostic imaging procedures, and advancements in personalized care. Key trends include nanoparticle-based drug delivery, radionuclide therapy advancements, hybrid imaging systems, radiopharmaceutical manufacturing, alpha-emitting radiopharmaceuticals, and AI and machine learning integration.

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What main drivers are fueling expansion in the therapeutic nuclear drug market?

The increasing prevalence of cancer is projected to drive the growth of the therapeutic nuclear drug market. Cancer is characterized by abnormal cell growth, and its prevalence is rising due to better detection and genetic factors. Therapeutic nuclear drugs help treat cancer by targeting and reducing tumor size. In February 2024, the World Health Organization projected a significant rise in cancer cases by 2050, which will drive the demand for therapeutic nuclear drugs.

What key areas define the segmentation of the global therapeutic nuclear drug market?

The therapeutic nuclear drugmarket covered in this report is segmented –

1) By Type: Radium-223, Lutetium-177, Iodine-131, Other Types

2) By Distribution Channel: Hospitals, Ambulatory Surgical Centers (ASCs), Cancer Research Institutes

3) By Application: Thyroid, Bone Metastasis, Lymphoma, Other Applications

Subsegments:

1) Radium-223: Indications for prostate cancer, Mechanism of action, Dosage forms

2) Lutetium-177: Applications in neuroendocrine tumors, Treatment protocols, Combination therapies

3) Iodine-131: Use in thyroid cancer, Dosage and administration, Safety and efficacy

4) Other Types: Additional therapeutic isotopes, Emerging treatments, Research and development trends

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Who are the dominant players expanding their reach in the therapeutic nuclear drug market?

Major companies operating in the therapeutic nuclear drug market are Bayer AG, Novartis International AG, Siemens Healthineers AG, Ipsen S.A., Jubilant DraxImage Inc., Mallinckrodt Pharmaceuticals PLC, The Bracco Group, Lantheus Medical Imaging Inc., Piramal Group, Curium Pharmaceuticals, Yantai Dongcheng Pharmaceutical Group Co. Ltd., Eckert & Ziegler, Telix Pharmaceuticals Limited, International Isotopes inc., Orano SA, Q BioMed Inc., Molecular Targeting Technologies Inc, Medi-Radiopharma Co. Ltd., Actinium Pharmaceuticals, Fusion Pharmaceuticals

How are evolving market trends shaping therapeutic nuclear drug Strategies?

Leading enterprises in the therapeutic nuclear drug market are diligently establishing strategic alliances to secure a market advantage. These collaborations are instrumental in strengthening research and development efforts, fast-tracking the launch of innovative therapies, and broadening the access to groundbreaking treatments via pooled resources and expertise. To cite an example, in July 2022, Germany’s software firm, DeepC, forged a partnership with PAIRE, a US-based AI solutions entity, with the aim of advancing nuclear medicine diagnostics. Through this collaboration, they intend to boost precision and efficiency in nuclear medicine diagnostics by incorporating PAIRE’s AI solution, Pionus, into DeepC’s deepcOS platform for superior PET/CT scan readings.

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Which regions are emerging as leaders in the therapeutic nuclear drug market?

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

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