Radiopharmaceuticals Market

Nuclear
Medicine/Radiopharmaceut
icals Market - Global
Industry Insights, Trends,
Outlook, and Opportunity
Analysis, 2016-2024
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Radiopharmaceuticals are unique medicinal formulations that contain radioisotopes and are used in clinical applications for
diagnosis and therapy. The facilities and procedures for production, use, and storage of radiopharmaceuticals are subject
to license approval either by national or regional authorities such as Nuclear Regulatory Commission (NRC) of U.S, Atomic
Energy Commission (AEC) of U.S., or Atomic Energy Regulatory Board (AERB) of India. Licensing includes compliance
regarding pharmaceutical preparations and use of radioactive materials.
A radiopharmaceutical preparation is a medicinal product in a ready-to-use format containing a radionuclide suitable for
human use. A kit for radiopharmaceutical preparation encloses a vial containing the non-radionuclide components of a
radiopharmaceutical preparation in a sterilized and validated form, to which the appropriate radionuclide is added.
Radiopharmaceuticals derived from the kits are intended to be used within 12 hours of preparation.
Technetium-99m – Widely used Radioisotope in Diagnostic Procedures fueling growth of the
radiopharmaceuticals market
There are over 40 radioisotopes available for use in different therapies. Technetium-99m is the most widely used
radioisotope in the diagnostic procedures. Technetium-99m is used as a radioactive tracer, and can be detected in the
body by medical equipment (gamma cameras). It is well suited to the role, as it emits readily detectable gamma rays with
photon energy of 140 keV. According to International Atomic Energy Agency, over 80% of the total nuclear diagnostic
procedures performed worldwide use Technetium-99 as a radiotracer each year and hence, propels the
radiopharmaceuticals market growth.
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Radiopharmaceuticals use in Diagnostic and Therapeutic Application fuels growth of the nuclear medicine market
The chemical and physical identity is of vital importance, as during administration it targets certain tissues, binding sites, and
biochemical pathways. The market is divided into two major areas, namely, diagnostic and therapeutic. Therapeutic
applications of radiopharmaceuticals market include cardiology (myocardial perfusion), oncology (tumor imaging and
localization), and neurology (cerebral perfusion). Radiopharmaceuticals such as iodine-131 or iodine-125 labeled miodobenzyl guanidine (MIGB) are used to treat pheochromocytoma and neuroblastoma. The therapeutic segment nuclear
medicine market can be further sub-segmented on the basis of procedure into beta emitters, alpha emitters, and
brachytherapy.
The diagnostic segment of radiopharmaceuticals market is classified into SPECT and PET. Single photon emission
computed tomography (SPECT) adoption has grown steadily over the last decade and is used in the study of cerebral blood
flow imaging. Positron emission tomography (PET) is a functional imaging technique used to observe metabolic processes
in the body. System detects pairs of gamma rays emitted by a positron emitting radionuclide. SPECT radioisotopes are used
for diagnosis of diseases such as cancer, cardiovascular diseases, and thyroid and neurological disorders.
Radiopharmaceuticals – Used in Hospitals for Diagnosis
End users of radiopharmaceuticals include hospitals, research institutes, and diagnostic labs. These can be used in
hospitals for diagnosis and detection of various diseases such as bone-related pathology, bone pain, stress fracture, bone
infections, and spread of cancer in the bone. They are also used in detection and scanning such as in neurology and
cardiology.
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Nuclear Medicine/Radiopharmaceuticals Market gives information about the Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024