Market Overview:
The global radiosynthesis equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for PET scans and rising number of cancer patients across the globe. In addition, growing awareness about nuclear medicine and its applications is also contributing to the growth of this market. On the basis of type, fully automated radiosynthesis equipment held a major share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to their high efficiency and accuracy as compared with semi-automated radiosynthesis equipment. On the basis of application, hospitals held a major share in 2017 and are expected to continue their dominance during the forecast period owing to rising demand for PET scans for diagnosis and treatment purposes.
Product Definition:
Radio synthesis equipment is used to make radio waves. Radio waves are used for communication, navigation, and other applications.
Fully Automated Radiosynthesis Equipment:
Fully automated radiosynthesis equipment is used for the production of organic chemicals. Fully automated radiosynthesis process consists of four major steps which are catalyst preparation, oxidation, reduction and hydrogenation. In this process a series of reactions takes place between reagents and reactants which produce products as per requirement. This fully automated system has been developed by DuPont de Nemours & Co., US in the year 1970s.
Semi-Automated Radiosynthesis Equipment:
Semi-automatic radiosynthesis equipment is used in the process of Radiosynthesis. It is also known as semi-automated system. This equipment consists of various components such as pumps, filters, separators and containers among others which are used to transfer reactants or products from one container to another through a network of pipes without any human intervention.
This type of system has several advantages over traditional manual systems including increased productivity, reduced labor cost.
Application Insights:
Based on the application, the global radiosynthesis equipment market is segmented into hospitals, diagnostic laboratories, and ambulatory surgical centers. The hospital segment dominated the overall market in terms of revenue in 2017 owing to an increase in cancer cases globally. According to WHO¢â‚¬â„¢s latest statistics published in 2018, around 1 out of 6 people die from cancer. Moreover, increasing awareness about early diagnosis and treatment is driving growth for this segment.
The diagnostic laboratories are anticipated to be one of the fastest-growing segments over the forecast period due to a rise in demand for rapid testing procedures across various applications such as drug development & quality control testing among others. Radio synthesis plays a significant role during drug discovery & development phase by providing information regarding protein structure/function relationships that aid researchers during clinical trials & other aspects related thereto (such as biomarker screening).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors responsible for its large share. In addition, increasing demand for radiosurgery treatment is also expected to drive the regional market over the forecast period.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to rising number of cancer cases coupled with growing awareness about various treatment options in this region. Moreover, government initiatives aimed at improving healthcare facilities in underdeveloped countries are anticipated to fuel growth during the forecast period.
Growth Factors:
- Increasing demand for novel drugs and therapies: The global Radiosynthesis Equipment market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for novel drugs and therapies, as well as rising R&D expenditure by pharmaceutical and biotechnology companies.
- Growing number of cancer patients: The number of cancer patients is growing at a rapid pace, globally. This is driving the demand for radiopharmaceuticals, which are used in diagnosis and treatment of various types of cancers.
- Technological advancements in radiosynthesis equipment: Radiosynthesis equipment manufacturers are constantly investing in R&D to develop new technologies that can improve the efficiency and accuracy of radiosynthesis processses. This is helping them gain a larger share in the global market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiosynthesis Equipment Market Research Report
By Type
Fully Automated Radiosynthesis Equipment, Semi-Automated Radiosynthesis Equipment
By Application
Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers
By Companies
Siemens, GE, IBA Radiopharma Solutions, Eckert & Ziegler Group, Synthra, Sumitomo, Sofie Biosciences, Scintomics, Trasis, Posi-Med, ATS Automation Tooling Systems, PerkinElmer
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Radiosynthesis Equipment Market Report Segments:
The global Radiosynthesis Equipment market is segmented on the basis of:
Types
Fully Automated Radiosynthesis Equipment, Semi-Automated Radiosynthesis Equipment
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 Laboratories, 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:
- Siemens
- GE
- IBA Radiopharma Solutions
- Eckert & Ziegler Group
- Synthra
- Sumitomo
- Sofie Biosciences
- Scintomics
- Trasis
- Posi-Med
- ATS Automation Tooling Systems
- PerkinElmer
Highlights of The Radiosynthesis Equipment 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 Radiosynthesis Equipment
- Semi-Automated Radiosynthesis Equipment
- By Application:
- Hospitals
- Diagnostic Laboratories
- 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 Radiosynthesis Equipment 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
- Identifying Appropriate Advertising Appeals
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?
Radiosynthesis equipment is used to create radioactive material. This equipment can be used to create isotopes of elements that cannot be created by other means, such as nuclear fission.
Some of the major companies in the radiosynthesis equipment market are Siemens, GE, IBA Radiopharma Solutions, Eckert & Ziegler Group, Synthra, Sumitomo, Sofie Biosciences, Scintomics, Trasis, Posi-Med, ATS Automation Tooling Systems, PerkinElmer.
The radiosynthesis equipment market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Radiosynthesis Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Radiosynthesis Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Radiosynthesis Equipment Market - Supply Chain
4.5. Global Radiosynthesis Equipment Market Forecast
4.5.1. Radiosynthesis Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Radiosynthesis Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Radiosynthesis Equipment Market Absolute $ Opportunity
5. Global Radiosynthesis Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Radiosynthesis Equipment Market Size and Volume Forecast by Type
5.3.1. Fully Automated Radiosynthesis Equipment
5.3.2. Semi-Automated Radiosynthesis Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Radiosynthesis Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Radiosynthesis Equipment Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Diagnostic Laboratories
6.3.3. Ambulatory Surgical Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Radiosynthesis Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Radiosynthesis Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Radiosynthesis Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Radiosynthesis Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Radiosynthesis Equipment Demand Share Forecast, 2019-2026
9. North America Radiosynthesis Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Radiosynthesis Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Radiosynthesis Equipment Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Diagnostic Laboratories
9.4.3. Ambulatory Surgical Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Radiosynthesis Equipment Market Size and Volume Forecast by Type
9.7.1. Fully Automated Radiosynthesis Equipment
9.7.2. Semi-Automated Radiosynthesis Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Radiosynthesis Equipment Demand Share Forecast, 2019-2026
10. Latin America Radiosynthesis Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Radiosynthesis Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Radiosynthesis Equipment Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Diagnostic Laboratories
10.4.3. Ambulatory Surgical Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Radiosynthesis Equipment Market Size and Volume Forecast by Type
10.7.1. Fully Automated Radiosynthesis Equipment
10.7.2. Semi-Automated Radiosynthesis Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Radiosynthesis Equipment Demand Share Forecast, 2019-2026
11. Europe Radiosynthesis Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Radiosynthesis Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Radiosynthesis Equipment Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Diagnostic Laboratories
11.4.3. Ambulatory Surgical Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Radiosynthesis Equipment Market Size and Volume Forecast by Type
11.7.1. Fully Automated Radiosynthesis Equipment
11.7.2. Semi-Automated Radiosynthesis Equipment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Radiosynthesis Equipment Demand Share, 2019-2026
12. Asia Pacific Radiosynthesis Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Radiosynthesis Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Radiosynthesis Equipment Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Diagnostic Laboratories
12.4.3. Ambulatory Surgical Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Radiosynthesis Equipment Market Size and Volume Forecast by Type
12.7.1. Fully Automated Radiosynthesis Equipment
12.7.2. Semi-Automated Radiosynthesis Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Radiosynthesis Equipment Demand Share, 2019-2026
13. Middle East & Africa Radiosynthesis Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Radiosynthesis Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Radiosynthesis Equipment Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Diagnostic Laboratories
13.4.3. Ambulatory Surgical Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Radiosynthesis Equipment Market Size and Volume Forecast by Type
13.7.1. Fully Automated Radiosynthesis Equipment
13.7.2. Semi-Automated Radiosynthesis Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Radiosynthesis Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Radiosynthesis Equipment Market: Market Share Analysis
14.2. Radiosynthesis Equipment Distributors and Customers
14.3. Radiosynthesis Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBA Radiopharma Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eckert & Ziegler Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Synthra
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sofie Biosciences
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Scintomics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Trasis
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Posi-Med
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ATS Automation Tooling Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PerkinElmer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
