TechNavio recognizes the following companies as the key players in the Global Radiopharmaceutical Market: Covidien plc, Cardinal Health Inc., IBA Molecular Inc., and Lantheus Medical Imaging Inc.
Commenting on the report, an analyst from TechNavio’s team said: “As a result of the rise in the incidences of cardiovascular, oncological, and neurological disorders among the population, there has been an increase in procedural volumes for PET, SPECT, SPECT-CT, PET-MRI, and SPECT-MRI procedures for imaging and diagnosis. Imaging without utilization of radiopharmaceuticals has become indispensable owing to their ability to enable diagnosis of various disease processes much earlier than other diagnostic test procedures. For instance, the increasing number of oncology and cardiology procedures is expected to drive the demand for radiopharmaceuticals such as fluorodeoxyglucose used for PET scans. Thus, increasing demand for radiopharmaceuticals is expected to fuel the growth in this market.”
According to the report, one of the main drivers in this market is the increasing aging population globally and the associated increase in incidences of cardiovascular diseases, neurological disorders, gastrointestinal diseases and oncological disorders among the aged population. The rise in demand for diagnostic screening of elderly patients has enhanced the need for radiopharmaceuticals.
Further, the report states that one of the major challenges faced by the market is the high cost of devices using radioisotopes. Various smaller end-users do not have the required budget to buy such costly devices and settle for low-cost alternative devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-radiopharmaceutical-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Radiopharmaceutical Market 2012-2016
