Market Overview:
The global radioactive tracers market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PET and SPECT tracers in the medical and industrial applications. Additionally, rising investments in scientific research are also propelling the growth of this market. However, stringent regulatory norms may restrain the growth of this market during the forecast period. Based on type, PET and SPECT are two major segments of this market.
Product Definition:
A radioactive tracer is a chemical compound that contains a radioactive isotope. Radioactive tracers are used in many different applications, including medical imaging and nuclear medicine. The importance of radioactive tracers is that they allow scientists to track the movement of molecules and atoms in biological and physical systems.
PET:
Polyethylene Terephthalate or PET is a non-toxic, lightweight, safe & flexible plastic used for manufacturing bottles and containers. It has high transparency and can be molded into any shape. PET is the most commonly used material in the world as it is lightweight, shatterproof & non-corrosive. It also has good chemical resistance to acids & bases as well as temperature changes.
SPECT:
Single Photon Emission Computed Tomography (SPECT) is a diagnostic imaging technique that utilizes gamma rays for the visualization of body organs and tissues in detail. It provides information on blood flow, metabolism, and tissue composition. SPECT uses low dose radiation which makes it safer than other diagnostic procedures.
Application Insights:
The radioactively labeled compound is widely used in medical applications as a tracer for the study of drug distribution in the human body. The increasing use of radiotracers for clinical trials to validate new drugs and develop an overall understanding of drug behavior is expected to drive this segment over the forecast period.
Industry was the largest application segment accounting for 44% share in 2017 owing to its wide usage as a quality control tool, tracking device, and safety monitor. Radioactive tracers are also extensively used by industries such as food & beverage, energy, material handling among others which require real-time information on product movement through production lines or storage facilities.
Radioactive labels are also extensively used by scientific research institutions and nuclear laboratories worldwide for their studies related to nuclear reactions such as beta decay, neutrino beamsondes etcetera.
Regional Analysis:
North America dominated the global market in 2017. The presence of major companies and high adoption rate for advanced radiographic techniques are some factors contributing to its growth. In addition, growing use of radioactive tracers in research activities is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing number of nuclear reactors and rising medical applications across various countries such as India, China, Japan, South Korea & Australia. Moreover, increasing cases of cancer have led Asian countries such as Japan and South Korea adopt more radiographic procedures which will further boost regional demand during the forecast period (2018-2030).
Europe was estimated as second largest region by revenue in 2017 due to high prevalence rate for Alzheimer’s disease (AD) coupled with aging population in this region which has increased AD related expenditure on account of healthcare costs associated with it.
Growth Factors:
- Increasing demand for Radioactive Tracers in medical and research applications
- Rising number of radioisotope production facilities across the globe
- Growing popularity of Radioactive Tracers in nuclear medicine
- Proliferation of PET imaging scanners
- Technological advancements in Radioactive Tracers
Scope Of The Report
Report Attributes
Report Details
Report Title
Radioactive Tracers Market Research Report
By Type
PET, SPECT
By Application
Medicine, Industry, Scientific Research, Other
By Companies
Advanced Accelerator Applications, Bayer AG, Bracco Imaging, Cardinal Health, Curium Pharma, GE Healthcare, Hevesy, Lantheus, Mallinckrodt, Perkin Elmer, Siemens Healthineers USA
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Radioactive Tracers Market Report Segments:
The global Radioactive Tracers market is segmented on the basis of:
Types
PET, SPECT
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
Medicine, Industry, Scientific Research, Other
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:
- Advanced Accelerator Applications
- Bayer AG
- Bracco Imaging
- Cardinal Health
- Curium Pharma
- GE Healthcare
- Hevesy
- Lantheus
- Mallinckrodt
- Perkin Elmer
- Siemens Healthineers USA
Highlights of The Radioactive Tracers 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:
- PET
- SPECT
- By Application:
- Medicine
- Industry
- Scientific Research
- Other
- 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 Radioactive Tracers 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Radioactive tracers are substances that emit radiation in a predictable pattern, allowing scientists to track their movement and determine their source. Tracers can be used in medicine, forensics, and environmental studies.
Some of the major players in the radioactive tracers market are Advanced Accelerator Applications, Bayer AG, Bracco Imaging, Cardinal Health, Curium Pharma, GE Healthcare, Hevesy, Lantheus, Mallinckrodt, Perkin Elmer, Siemens Healthineers USA.
The radioactive tracers market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radioactive Tracers 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 Radioactive Tracers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radioactive Tracers 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 Radioactive Tracers 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 Radioactive Tracers Market Size & Forecast, 2020-2028
4.5.1 Radioactive Tracers Market Size and Y-o-Y Growth
4.5.2 Radioactive Tracers 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 PET
5.2.2 SPECT
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 Medicine
6.2.2 Industry
6.2.3 Scientific Research
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radioactive Tracers 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 Radioactive Tracers 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 PET
9.6.2 SPECT
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 Medicine
9.10.2 Industry
9.10.3 Scientific Research
9.10.4 Other
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 PET
10.6.2 SPECT
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 Medicine
10.10.2 Industry
10.10.3 Scientific Research
10.10.4 Other
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 PET
11.6.2 SPECT
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 Medicine
11.10.2 Industry
11.10.3 Scientific Research
11.10.4 Other
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 PET
12.6.2 SPECT
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 Medicine
12.10.2 Industry
12.10.3 Scientific Research
12.10.4 Other
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 PET
13.6.2 SPECT
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 Medicine
13.10.2 Industry
13.10.3 Scientific Research
13.10.4 Other
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 Radioactive Tracers Market: Competitive Dashboard
14.2 Global Radioactive Tracers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Accelerator Applications
14.3.2 Bayer AG
14.3.3 Bracco Imaging
14.3.4 Cardinal Health
14.3.5 Curium Pharma
14.3.6 GE Healthcare
14.3.7 Hevesy
14.3.8 Lantheus
14.3.9 Mallinckrodt
14.3.10 Perkin Elmer
14.3.11 Siemens Healthineers USA
