Market Overview:
The global automated radiosynthesis modules market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. Based on type, the global automated radiosynthesis modules market is segmented into fully automated and semi-automated. The fully automated segment is expected to account for a larger share of the market during the forecast period owing to its advantages such as high throughput and accuracy. Based on application, the global automated radiosynthesis modules market is segmented into hospitals, diagnostic labs, radiology clinics, ambulatory surgical centers (ASCs), and others (research institutes & universities).
Product Definition:
An automated radiosynthesis module is a device that automates the synthesis of radioactive molecules. This is important because it allows researchers to quickly and easily create radioactive molecules for use in experiments.
Fully Automated:
Fully automated radio synthesis is a technique used to synthesize high purity and highly concentrated HCl, which is an essential raw material for the production of many chemicals. The global fully automated radio synthesis market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Semi-Automated:
Semi-automatic is a term used for radioisotope separation systems that require manual control but can be operated without human interaction. The key features of semi-automated system include the ability to load and unload materials, switching between different instruments within the module, controlling the flow of liquid through channels and measuring specific parameters such as current or temperature.
Application Insights:
Based on application, the global automated radiosynthesis modules market is segmented into hospitals, diagnostic labs, radiology clinics and ambulatory surgical centers. Hospitals were the largest revenue generating segment in 2017. Automated radio synthesis modules are widely used in hospitals to reduce radiation exposure due to use of linear accelerators for imaging devices. The fully automated system requires minimal human intervention while handling emergencies as it directly transfers patients¢â‚¬â„¢ images to radiologists for interpretation and diagnosis.
The semi-automatic systems require a greater amount of human interaction which may lead to delays if there are no staff available at that particular time; however, these systems can be set up quickly as they do not require much technical expertise from medical personnel or radiologists involved with its operation. These types of systems are commonly found in diagnostic laboratories where high accuracy and precision is required along with maximum throughputs during busy hours when demand on laboratory services is highest (morning shift).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of advanced technologies, and favorable reimbursement policies & regulatory reforms. For instance, in 2015, GE Healthcare received FDA clearance to integrate Xofigo’s automated radioisotope generator with its point-of-care solution for physicians’ offices called Medical Imaging Center (MMC). The combination was named MMG+Xofigo. In 2016, this product was launched as GE Care MMG for Hospitals and Clinics.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing healthcare expenditure levels coupled with rising patient awareness regarding early diagnosis and treatment options offered by modern radiotherapy systems & procedures along with their associated benefits such as reduced exposure time and improved efficiency resulting in cost savings for patients & hospitals.
Growth Factors:
- Increasing demand for novel drugs and therapies: The global market for pharmaceuticals is expected to reach .5 trillion by 2020. This growing demand is driving the need for new drug discovery and development, which in turn is fueling the demand for automated radiosynthesis modules.
- Advances in technology: Automated radiosynthesis modules are becoming increasingly sophisticated, thanks to advances in technology. This has led to increased efficiency and accuracy, as well as reduced costs.
- Growing focus on quality control: As the pharmaceutical industry becomes more complex and competitive, there is a greater focus on quality control measures throughout the drug discovery process – including during synthesis of new molecules using automated radiosynthesis modules.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Radiosynthesis Modules Market Research Report
By Type
Fully Automated, Semi-Automated
By Application
Hospitals, Diagnostic Labs, Radiology Clinics, Ambulatory Surgical Centers
By Companies
GE Healthcare, Siemens Healthcare, IBA Radiopharma Solutions, Optimized Radiochemical Applications, Synthra GmbH, Sumitomo Corp, Scintomics GmbH, Sofie Biosciences, Trasis S.A, Raytest Isotopenmessgerte GmbH, GE Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Automated Radiosynthesis Modules Market Report Segments:
The global Automated Radiosynthesis Modules market is segmented on the basis of:
Types
Fully Automated, Semi-Automated
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Labs, Radiology Clinics, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Siemens Healthcare
- IBA Radiopharma Solutions
- Optimized Radiochemical Applications
- Synthra GmbH
- Sumitomo Corp
- Scintomics GmbH
- Sofie Biosciences
- Trasis S.A
- Raytest Isotopenmessgerte GmbH
- GE Healthcare
Highlights of The Automated Radiosynthesis Modules Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Automated
- Semi-Automated
- By Application:
- Hospitals
- Diagnostic Labs
- Radiology Clinics
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automated Radiosynthesis Modules Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automated Radiosynthesis Modules (ARM) are a type of nuclear reactor that use natural uranium to create energy. They are used in research and development, but have not been commercialized.
Some of the major players in the automated radiosynthesis modules market are GE Healthcare, Siemens Healthcare, IBA Radiopharma Solutions, Optimized Radiochemical Applications, Synthra GmbH, Sumitomo Corp, Scintomics GmbH, Sofie Biosciences, Trasis S.A, Raytest Isotopenmessgerte GmbH, GE Healthcare.
The automated radiosynthesis modules market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Radiosynthesis Modules Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automated Radiosynthesis Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automated Radiosynthesis Modules Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automated Radiosynthesis Modules Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automated Radiosynthesis Modules Market Size & Forecast, 2020-2028
4.5.1 Automated Radiosynthesis Modules Market Size and Y-o-Y Growth
4.5.2 Automated Radiosynthesis Modules Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fully Automated
5.2.2 Semi-Automated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Labs
6.2.3 Radiology Clinics
6.2.4 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Radiosynthesis Modules Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Radiosynthesis Modules Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fully Automated
9.6.2 Semi-Automated
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Labs
9.10.3 Radiology Clinics
9.10.4 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fully Automated
10.6.2 Semi-Automated
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Labs
10.10.3 Radiology Clinics
10.10.4 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fully Automated
11.6.2 Semi-Automated
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Labs
11.10.3 Radiology Clinics
11.10.4 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fully Automated
12.6.2 Semi-Automated
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Labs
12.10.3 Radiology Clinics
12.10.4 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fully Automated
13.6.2 Semi-Automated
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Labs
13.10.3 Radiology Clinics
13.10.4 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Radiosynthesis Modules Market: Competitive Dashboard
14.2 Global Automated Radiosynthesis Modules Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Siemens Healthcare
14.3.3 IBA Radiopharma Solutions
14.3.4 Optimized Radiochemical Applications
14.3.5 Synthra GmbH
14.3.6 Sumitomo Corp
14.3.7 Scintomics GmbH
14.3.8 Sofie Biosciences
14.3.9 Trasis S.A
14.3.10 Raytest Isotopenmessgerte GmbH
14.3.11 GE Healthcare
