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Radiopharmaceuticals: Technologies and Global Markets

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    Report

  • 163 Pages
  • April 2025
  • Region: Global
  • BCC Research
  • ID: 6067235
The global radiopharmaceuticals market is expected to grow from $10.3 billion in 2024 and is projected to reach $21.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 16.4% during the forecast period of 2024 to 2029.

Radiopharmaceuticals are comprised of small amounts of radioisotopes that can be produced by irradiating a particular target inside a nuclear research reactor or particle accelerator, the latter of which uses cyclotrons. Once the radioisotopes are produced, they can be tagged to specific molecules depending on key biological characteristics through a linker that binds the radioisotope and the carrier together to produce radiopharmaceuticals.

Radiopharmaceuticals are used for diagnostic and therapeutic applications. Diagnostic radiopharmaceuticals travel to the targeted area based on the biological molecule’s affinity. The radioactive isotope emits gamma rays or positrons, which are detected by molecular imaging devices such as single-photon emission computerized tomography (SPECT) and positron emission tomography (PET) scanners.

Therapeutic radiopharmaceuticals use high-energy cell-killing radioisotopes, such as actinium or lutetium. Therapeutic radiopharmaceuticals use radiation to destroy or weaken malfunctioning cells. The tagged compound delivers therapeutic doses of radiation to targeted body parts to regress or kill malignant cells. Radiopharmaceuticals are used primarily for treating prostate cancer, neuroendocrine tumors (NETs), and thyroid disorders.

Report Scope

This report analyzes the global market for radiopharmaceuticals, in terms of quantitative and qualitative data, to help readers understand the market, to assess business/growth strategies, and to make informed business decisions regarding radiopharmaceuticals. BCC Research estimates market data for 2023 (the base year) and 2024 and forecasts values for 2025 through 2029. The radiopharmaceuticals market segmentation is based on product, application, production method, countries and regions.

Drivers, restraints and opportunities in the radiopharmaceuticals market are also discussed. The report also describes the competitive landscape of the radiopharmaceuticals market and highlights emerging trends. The latest new products, acquisitions, and collaborations related to the radiopharmaceuticals market are also covered.

The report includes:

  • 50 data tables and 68 additional tables
  • Analyses of trends in the global market for radiopharmaceuticals, with revenue data for 2021 to 2023, estimates for 2024, and projected CAGRs through 2029
  • Estimates of the size, and revenue prospects for, the global market, along with a market share analysis by product type, application, production method, and region/country
  • Facts and figures pertaining to the market dynamics, technological progress, regulations, prospects, innovations and the impact of various macroeconomic factors
  • Insights derived from the Porter’s Five Forces model, as well as global supply/value chain and PESTLE analyses
  • An analysis of patents, clinical trials, emerging trends and other developments in the industry
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
  • Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
  • Profiles of leading companies, including Cardinal Health, Lantheus, Curium, GE Healthcare, and Novartis AG

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Radiopharmaceuticals Overview
  • Preparation of Radiopharmaceuticals
  • Macroeconomic Factors Analysis
  • Porter’s Five Forces Analysis
  • Threat of New Entrants (Moderate to Low)
  • Threat of Substitutes (Low to Moderate)
  • Bargaining Power of Suppliers (High)
  • Bargaining Power of Buyers (Moderate)
  • Industry Rivalry (Moderate)
Chapter 3 Market Dynamics
  • Market Drivers
  • Rising Prevalence of Cancer and Other Chronic Diseases
  • Unmet Need in Oncology
  • Precision Medicine
  • Nuclear Imaging Technologies
  • Increasing Investment
  • Market Restraints
  • Manufacturing and Supply Chain Issues
  • Infrastructure and Specialized Imaging Equipment Requirements
  • Shortage of Skilled Professionals
  • Market Trends
  • Theranostics
  • Regional Diversification and Supply Chain Resilience
  • Opportunities
  • Radiopharmaceuticals Contract Manufacturing
  • PET Imaging in AD
Chapter 4 Regulatory Landscape
  • U.S.
  • European Union
  • Japan
Chapter 5 Emerging Technologies and Developments
  • Emerging Technologies
  • Ac-225 and Pb-212
  • Nanoparticle-based Theranostic Agents
  • Clinical Trials Analysis
  • Diagnostic Radiopharmaceuticals
  • Therapeutic Radiopharmaceuticals
  • Patent Analysis
  • Key Takeaways
Chapter 6 Market Segmentation Analysis
  • Segmentation Breakdown
  • Radiopharmaceuticals Market, by Product Type
  • Diagnostic Radiopharmaceuticals
  • Diagnostic Radiopharmaceuticals Market, by Imaging Technique Type
  • Diagnostic Radiopharmaceuticals Market, by Production Method
  • Therapeutic Radiopharmaceuticals
  • Therapeutic Radiopharmaceuticals Market, by Product Type
  • Radiopharmaceuticals Market by Application
  • Market Overview
  • Oncology
  • Cardiology
  • Neurology
  • Others
  • Radiopharmaceuticals Market by Radioisotope Production Method
  • Market Overview
  • Market Revenue and Forecast
  • Geographic Breakdown
  • Radiopharmaceuticals Market Breakdown by Region
  • North America
  • Europe
  • Asia-Pacific
  • RoW
Chapter 7 Competitive Intelligence
  • Overview
  • Diagnostic Radiopharmaceuticals
  • Therapeutic Radiopharmaceuticals
Chapter 8 Sustainability in Radiopharmaceuticals Market: ESG Perspective
  • Role of ESG in the Radiopharmaceuticals Industry
  • Environment
  • Social
  • Governance
  • ESG Risk Ratings
  • Conclusion
Chapter 9 Appendix
  • Methodology
  • Sources
  • Abbreviations
  • Company Profiles
  • BAYER AG
  • BLUE EARTH DIAGNOSTICS
  • BOSTON SCIENTIFIC CORP.
  • BWXT MEDICAL LTD.
  • CARDINAL HEALTH
  • CURIUM
  • ECKERT & ZIEGLER
  • GE HEALTHCARE
  • INTERNATIONAL ISOTOPES INC.
  • IONETIX CORP.
  • JUBILANT PHARMOVA LTD.
  • LANTHEUS
  • NMR
  • NOVARTIS AG
  • SIEMENS HEATHNIEERS AG
  • Emerging Start-ups/Market Disruptors
List of Tables
Summary Table: Global Market for Radiopharmaceuticals, by Region, Through 2029
Table 1: Porter’s Five Forces: Rating Scale
Table 2: Acquisitions and Funding in Radiopharmaceuticals Market, 2023 and 2024
Table 3: Selected Diagnostic Radiopharmaceuticals in Development, 2025
Table 4: Selected Novel Therapeutic Radiopharmaceuticals in Phase 3 Clinical Development, 2025
Table 5: Number of Patents for Radionuclides, January 2022-December 2024
Table 6: Number of Patents for Radionuclides, by Radionuclide Type, January 2022-December 2024
Table 7: Number of Patents for Radionuclides, by Country, January 2022-December 2024
Table 8: Global Market for Radiopharmaceuticals, by Product Type, Through 2029
Table 9: Global Market for Diagnostic Radiopharmaceuticals, by Imaging Technique Type, Through 2029
Table 10: Commercially Available Tc-99m-based Diagnostic Radiopharmaceuticals
Table 11: Commercially Available I-123-based Diagnostic Radiopharmaceuticals
Table 12: Commercially Available In-111-based Diagnostic Radiopharmaceuticals
Table 13: Commercially Available SPECT Radiopharmaceuticals Based on Other Radionuclides
Table 14: Global Market for SPECT Radiopharmaceuticals, by Radionuclide Type, Through 2029
Table 15: PET vs. SPECT Radiopharmaceuticals
Table 16: Commercially Available F-18-based PET Radiopharmaceuticals
Table 17: Commercially Available Ga-18-based PET Radiopharmaceuticals
Table 18: Commercially Available Other PET Radiopharmaceuticals
Table 19: Global Market for PET Radiopharmaceuticals, by Radionuclide Type, Through 2029
Table 20: Global Market for Diagnostic Radiopharmaceuticals, by Production Method, Through 2029
Table 21: Common Radionuclide Pairs in Radionuclide Generators
Table 22: Global Market for Therapeutic Radiopharmaceuticals, by Product Type, Through 2029
Table 23: Lu- 177-based Therapeutic Radiopharmaceuticals
Table 24: I-131-based Therapeutic Radiopharmaceuticals
Table 25: Other Beta-emitter Radioisotope-based Therapeutic Radiopharmaceuticals
Table 26: Global Market for Beta-emitter Therapeutic Radiopharmaceuticals, by Radionuclide Type, Through 2029
Table 27: Comparison of Alpha and Beta Particles as Therapeutic Agents
Table 28: Global Market for Alpha-emitting Therapeutic Radiopharmaceuticals, Through 2029
Table 29: Global Market for Radiopharmaceuticals, by Application, Through 2029
Table 30: FDA-approved PET Radiopharmaceuticals for AD Diagnosis
Table 31: Common Nuclear Reactor-produced Radioisotopes
Table 32: Common Medical Cyclotron-produced Radioisotopes
Table 33: Global Market for Radiopharmaceuticals, by Radioisotope Production Method, Through 2029
Table 34: Global Market for Radiopharmaceuticals, by Region, Through 2029
Table 35: North American Market for Radiopharmaceuticals, by Product Type, Through 2029
Table 36: North American Market for Diagnostic Radiopharmaceuticals, by Imaging Technique Type, Through 2029
Table 37: North American Market for Therapeutics Radiopharmaceuticals, by Product Type, Through 2029
Table 38: North American Market for Radiopharmaceuticals, by Application, Through 2029
Table 39: North American Market for Radiopharmaceuticals, by Radioisotope Production Method, Through 2029
Table 40: North American Market for Radiopharmaceuticals, by Country, Through 2029
Table 41: European Market for Radiopharmaceuticals, by Product Type, Through 2029
Table 42: European Market for Diagnostic Radiopharmaceuticals, by Imaging Technique Type, Through 2029
Table 43: European Market for Therapeutic Radiopharmaceuticals, by Product Type, Through 2029
Table 44: European Market for Radiopharmaceuticals, by Application, Through 2029
Table 45: European Market for Radiopharmaceuticals, by Radioisotope Production Method, Through 2029
Table 46: European Market for Radiopharmaceuticals, by Country, Through 2029
Table 47: Asia-Pacific Market for Radiopharmaceuticals, by Product Type, Through 2029
Table 48: Asia-Pacific Market for Diagnostic Radiopharmaceuticals, by Imaging Technique Type, Through 2029
Table 49: Asia-Pacific Market for Therapeutic Radiopharmaceuticals, by Product Type, Through 2029
Table 50: Asia-Pacific Market for Radiopharmaceuticals, by Application, Through 2029
Table 51: Asia-Pacific Market for Radiopharmaceuticals, by Radioisotope Production Method, Through 2029
Table 52: Asia-Pacific Market for Radiopharmaceuticals, by Country, Through 2029
Table 53: Number of Cyclotrons Used for Radionuclide Production, by Country, 2025
Table 54: RoW Market for Radiopharmaceuticals, by Product Type, Through 2029
Table 55: RoW Market for Diagnostic Radiopharmaceuticals, by Imaging Technique Type, Through 2029
Table 56: RoW Market for Therapeutic Radiopharmaceuticals, by Product Type, Through 2029
Table 57: RoW Market for Radiopharmaceuticals, by Application, Through 2029
Table 58: RoW Market for Radiopharmaceuticals, by Radioisotope Production Method, Through 2029
Table 59: RoW Market for Radiopharmaceuticals, by Sub-region, Through 2029
Table 60: ESG Risk Rankings for Radiopharmaceutical Companies, 2025*
Table 61: Report Sources
Table 62: Abbreviations Used in This Report
Table 63: Bayer AG: Company Snapshot
Table 64: Bayer AG: Financial Performance, FY 2022 and 2023
Table 65: Bayer AG: Product Portfolio
Table 66: Bayer AG: News/Key Developments, 2023 and 2024
Table 67: Blue Earth Diagnostics: Company Snapshot
Table 68: Blue Earth Diagnostics: Product Portfolio
Table 69: Blue Earth Diagnostics: News/Key Developments, 2023 and 2024
Table 70: Boston Scientific Corp.: Company Snapshot
Table 71: Boston Scientific Corp.: Financial Performance, FY 2023 and 2024
Table 72: Boston Scientific Corp.: Product Portfolio
Table 73: BWXT Medical Ltd.: Company Snapshot
Table 74: BWXT Medical Ltd.: Product Portfolio
Table 75: BWXT Medical Ltd.: News/Key Developments, 2022-2025
Table 76: Cardinal Health: Company Snapshot
Table 77: Cardinal Health: Financial Performance, FY 2022 and 2023
Table 78: Cardinal Health: Product Portfolio
Table 79: Cardinal Health: News/Key Developments, 2023 and 2024
Table 80: Curium: Company Snapshot
Table 81: Curium: Product Portfolio
Table 82: Curium: News/Key Developments, 2022-2024
Table 83: Eckert & Ziegler: Company Snapshot
Table 84: Eckert & Ziegler: Financial Performance, FY 2022 and 2023
Table 85: Eckert & Ziegler: Product Portfolio
Table 86: Eckert & Ziegler: News/Key Developments, 2024 and 2025
Table 87: GE HealthCare: Company Snapshot
Table 88: GE HealthCare: Financial Performance, FY 2023 and 2024
Table 89: GE HealthCare: Product Portfolio
Table 90: GE HealthCare: News/Key Developments, 2022-2024
Table 91: International Isotopes Inc.: Company Snapshot
Table 92: International Isotopes Inc.: Financial Performance, FY 2022 and 2023
Table 93: International Isotopes Inc.: Product Portfolio
Table 94: International Isotopes Inc.: News/Key Developments, 2024
Table 95: IONETIX Corp.: Company Snapshot
Table 96: IONETIX Corp.: Product Portfolio
Table 97: IONETIX Corp.: News/Key Developments, 2023 and 2024
Table 98: Jubilant Pharmova Ltd.: Company Snapshot
Table 99: Jubilant Pharmova Ltd.: Financial Performance, FY 2022 and 2023
Table 100: Jubilant Pharmova Ltd.: Product Portfolio
Table 101: Jubilant Pharmova Ltd.: News/Key Developments, 2023 and 2024
Table 102: Lantheus: Company Snapshot
Table 103: Lantheus: Financial Performance, FY 2022 and 2023
Table 104: Lantheus: Product Portfolio
Table 105: Lantheus: News/Key Developments, 2022-2025
Table 106: NMR: Company Snapshot
Table 107: NMR: Product Portfolio
Table 108: NMR: News/Key Developments, 2024 and 2025
Table 109: Novartis AG: Company Snapshot
Table 110: Novartis AG: Financial Performance, FY 2023 and 2024
Table 111: Novartis AG: Product Portfolio
Table 112: Novartis AG: News/Key Developments, 2022-2024
Table 113: Siemens Healthineers AG: Company Snapshot
Table 114: Siemens Healthineers AG: Financial Performance, FY 2023 and 2024
Table 115: Siemens Healthineers AG: Product Portfolio
Table 116: Siemens Healthineers AG: News/Key Developments, 2023 and 2024
Table 117: List of Few Emerging Startups/ Market Disruptors
List of Figures
Summary Figure: Global Market Shares of Radiopharmaceuticals, by Region, 2023
Figure 1: Porter’s Five Forces Analysis
Figure 2: Radiopharmaceuticals Market Dynamics
Figure 3: Estimated New Cancer Cases, 2022-2050
Figure 4: Global Cancer Incidence, by Region, 2022 vs. 2045
Figure 5: Number of Active Clinical Trials for Diagnostic Radiopharmaceuticals, by Radioisotope Type, 2025
Figure 6: Number of Active Clinical Trials for Therapeutic Radiopharmaceuticals, by Radioisotope Type, 2025
Figure 7: Global Market Shares of Radiopharmaceuticals, by Product Type, 2023
Figure 8: Global Market Shares of Diagnostic Radiopharmaceuticals, by Imaging Technique Type, 2023
Figure 9: Global Market Shares of SPECT Radiopharmaceuticals, by Radionuclide Type, 2023
Figure 10: Global Market Shares of PET Radiopharmaceuticals, by Radionuclide Type, 2023
Figure 11: Global Market Shares of Diagnostic Radiopharmaceuticals, by Production Method, 2023
Figure 12: Global Market Shares of Therapeutic Radiopharmaceuticals, by Product Type, 2023
Figure 13: Global Market Shares of Beta-emitter Therapeutic Radiopharmaceuticals, by Radionuclide Type, 2023
Figure 14: Global Market Shares of Radiopharmaceuticals, by Application, 2023
Figure 15: Global Market Shares of Radiopharmaceuticals, by Radioisotope Production Method, 2023
Figure 16: Global Market Shares of Radiopharmaceuticals, by Region, 2023
Figure 17: North American Market Shares of Radiopharmaceuticals, by Product Type, 2023
Figure 18: North American Market Shares of Diagnostic Radiopharmaceuticals, by Imaging Technique Type, 2023
Figure 19: North American Market Shares of Therapeutic Radiopharmaceuticals, by Product Type, 2023
Figure 20: North American Market Shares of Radiopharmaceuticals, by Application, 2023
Figure 21: North American Market Shares of Radiopharmaceuticals, by Radioisotope Production Method, 2023
Figure 22: North American Market Shares of Radiopharmaceuticals, by Country, 2023
Figure 23: European Market Shares of Radiopharmaceuticals, by Product Type, 2023
Figure 24: European Market Shares of Diagnostic Radiopharmaceuticals, by Imaging Technique Type, 2023
Figure 25: European Market Shares of Therapeutic Radiopharmaceuticals, by Product Type, 2023
Figure 26: European Market Shares of Radiopharmaceuticals, by Application, 2023
Figure 27: European Market Shares of Radiopharmaceuticals, by Radioisotope Production Method, 2023
Figure 28: European Market Shares of Radiopharmaceuticals, by Country, 2023
Figure 29: Asia-Pacific Market Shares of Radiopharmaceuticals, by Product Type, 2023
Figure 30: Asia-Pacific Market Shares of Diagnostic Radiopharmaceuticals, by Imaging Technique Type, 2023
Figure 31: Asia-Pacific Market Shares of Therapeutic Radiopharmaceuticals, by Product Type, 2023
Figure 32: Asia-Pacific Market Shares of Radiopharmaceuticals, by Application, 2023
Figure 33: Asia-Pacific Market Shares of Radiopharmaceuticals, by Radioisotope Production Method, 2023
Figure 34: Asia-Pacific Market Shares of Radiopharmaceuticals, by Country, 2023
Figure 35: RoW Market Shares of Radiopharmaceuticals, by Product Type, 2023
Figure 36: RoW Market Shares of Diagnostic Radiopharmaceuticals, by Imaging Technique Type, 2023
Figure 37: RoW Market Shares of Therapeutic Radiopharmaceuticals, by Product Type, 2023
Figure 38: RoW Market Shares of Radiopharmaceuticals, by Application, 2023
Figure 39: RoW Market Shares of Radiopharmaceuticals, by Radioisotope Production Method, 2023
Figure 40: RoW Market Shares of Radiopharmaceuticals, by Sub-Region, 2023
Figure 41: Global Market Shares of Diagnostic Radiopharmaceuticals, by Company, 2023
Figure 42: Global Market Shares of Therapeutic Radiopharmaceuticals, by Company, 2023
Figure 43: Bayer AG: Revenue Shares, by Business Unit, FY 2023
Figure 44: Bayer AG: Revenue Shares, by Country/Region, FY 2023
Figure 45: Boston Scientific Corp.: Revenue Shares, by Business Unit, FY 2024
Figure 46: Boston Scientific Corp.: Revenue Shares, by Country/Region, FY 2024
Figure 47: Cardinal Health: Revenue Shares, by Business Unit, FY 2023
Figure 48: Cardinal Health: Revenue Shares, by Country/Region, FY 2023
Figure 49: Cardinal Health: Revenue Shares, by Country/Region, FY 2023
Figure 50: Eckert & Ziegler: Revenue Shares, by Country/Region, FY 2023
Figure 51: GE HealthCare: Revenue Shares, by Business Unit, FY 2024
Figure 52: GE HealthCare: Revenue Shares, by Country/Region, FY 2024
Figure 53: International Isotopes Inc.: Revenue Shares, by Business Unit, FY 2023
Figure 54: International Isotopes Inc.: Revenue Shares, by Country/Region, FY 2023
Figure 55: Jubilant Pharmova Ltd.: Revenue Shares, by Business Unit, FY 2023
Figure 56: Jubilant Pharmova Ltd.: Revenue Shares, by Country/Region, FY 2023
Figure 57: Lantheus: Revenue Shares, by Business Unit, FY 2023
Figure 58: Novartis AG: Revenue Shares, by Business Unit, FY 2024
Figure 59: Novartis AG: Revenue Shares, by Country/Region, FY 2024
Figure 60: Siemens Healthineers AG: Revenue Shares, by Business Unit, FY 2024
Figure 61: Siemens Healthineers AG: Revenue Shares, by Country/Region, FY 2024

Companies Mentioned

  • Bayer AG
  • Blue Earth Diagnostics
  • Boston Scientific Corp.
  • BWXT Medical Ltd.
  • Cardinal Health
  • Curium
  • Eckert & Ziegler
  • GE HealthCare
  • International Isotopes Inc.
  • IONETIX Corp.
  • Jubilant Pharmova Ltd.
  • Lantheus
  • NMR
  • Novartis AG
  • Siemens Healthineers AG

Table Information