Global Medical Isotope Production Market Size is valued at USD 4.2 Bn in 2024 and is predicted to reach USD 8.4 Bn by the year 2034 at a 7.3% CAGR during the forecast period for 2025-2034.
Medical isotopes, also known as radioisotopes, are radioactive atoms used in medical diagnostics and treatments. They play a critical role in imaging techniques like PET and SPECT scans and in therapies for diseases such as cancer. Producing these isotopes requires specialized facilities and methods to ensure safety, purity, and reliability.
The growing number of older adults in both industrialized and developing nations has led to a rise in the frequency of cardiovascular illnesses. The use of nuclear medicine has increased as a result of the rise in cardiovascular disorders among the elderly population. As a result, this is expected to accelerate market growth. Moreover, improvements in cyclotron-based technology, specifically the use of computer simulations in cyclotrons to optimize cooling systems (with the goal of enhancing the stability and efficiency of the isotope production process), are propeling the growth of the medical isotope production market over the next few years.
Furthermore, the growing need for tailored radionuclide therapy is anticipated to boost the market's expansion even more. Additionally, a number of technological developments have led to the development of new and enhanced applications for nuclear medicine radioisotopes in diagnosis and treatment. The medical isotope production market is expanding as a result of this, as well as rising demand and spending on nuclear therapies.
Some Major Key Players In The Medical Isotope Production Market:
The Medical Isotope Production market is segmented based on Scale of Operation, Type of Isotope, Production Method, Application Area, Type of Diagnostic Radioisotope, Type of Therapeutic Radioisotope, Therapeutic Area, and end-user. As per the Scale of Operation, the market is segmented into Commercial Scale and Preclinical/Clinical Scale. By Type of Isotope, the market is segmented into Radioisotopes (Technetium-99m, Leutetium-177, Fluorine-18, Actinium-225, and Others) and Stable Isotopes. The Production Method segment comprises Nuclear Reactors, Accelerators, and Others. By Application Area, the market is segmented into Diagnosis, Nuclear Therapy, and Others. By Type of Diagnostic Radioisotope, the market is segmented into SPECT Radioisotopes and PET Radioisotopes. By Type of Therapeutic Radioisotope, the market is segmented into Alpha Emitters, Beta Emitters, and Others. By Therapeutic Area, the market is segmented into Oncological Disorders, Neurological Disorders, Cardiovascular Disorders, and Others. By End-users, the market is segmented into Hospitals, Research Institutes, and Diagnostic Centers.
The Radioisotopes category is expected to hold a major global market share in 2024 because of their wide range of uses in therapeutic and diagnostic processes. Nuclear imaging relies heavily on radioisotopes like technetium-99m, which are used in a large percentage of nuclear medicine diagnostic procedures worldwide. Iodine-131 and lutetium-177 are two examples of isotopes that are widely used and dominate the market because they are essential for targeted cancer treatments.
This subsegment posseses the largest market share. The use of medical isotopes is essential in nuclear therapy, a type of radiation therapy used to treat cancer and other illnesses. More targeted and individualized treatment regimens are made possible by developments in clinical imaging and targeted therapy, which reduce damage to healthy tissues. When conventional treatments like surgery or chemotherapy may potentially be limited, radionuclide therapy has shown promise in treating specific cancer types.
The North American Medical Isotope Production market is expected to record the largest market revenue share in the near future, ascribed to the existence of significant industry players, the region's strong healthcare infrastructure, and the high adoption of sophisticated nuclear medicine. With significant expenditures in isotope manufacturing technology and government-backed programs to secure local supply chains, the United States, in particular, played a critical role. Also, Asia Pacific is projected to grow rapidly in the global Medical Isotope Production market. Investments in nuclear medicine, especially in cancer treatments and diagnostics, are expected to rise in nations like China, India, and Japan. The Asia-Pacific market is anticipated to increase significantly because of factors like better healthcare infrastructure, growing awareness of the advantages of nuclear medicine, and rising need for early diagnostic tools.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 4.2 Bn |
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Revenue Forecast In 2034 |
USD 8.4 Bn |
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Growth Rate CAGR |
CAGR of 7.3% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Scale Of Operation, Type Of Isotope, Production Method, Application Area, Type Of Diagnostic Radioisotope, Type Of Therapeutic Radioisotope, Therapeutic Area, And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Actinium Pharmaceuticals, Fusion Pharmaceuticals, Jubilant Radiopharma, Lantheus, Kinectrics, Bayer, IRE, Novartis, Siemens Healthineers, NTP Radioisotopes, Taiyo Nippon Sanso, and Telix are key players in the radiopharmaceutical and nuclear medicine sector. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Medical Isotope Production Market Snapshot
Chapter 4. Global Medical Isotope Production Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Medical Isotope Production Market Penetration & Growth Prospect Mapping (US$ Mn), 2025-2034
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2024
4.10. Use/impact of AI on Radiopharma Industry Trends
Chapter 5. Medical Isotope Production Market Segmentation 1: By Scale of Operation, Estimates & Trend Analysis
5.1. Market Share by Scale of Operation, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Scale of Operation:
5.2.1. Commercial Scale
5.2.2. Preclinical / Clinical Scale
Chapter 6. Medical Isotope Production Market Segmentation 2: By Type of Isotope, Estimates & Trend Analysis
6.1. Market Share by Type of Isotope, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Type of Isotope:
6.2.1. Radioisotopes
6.2.1.1. Technetium-99m
6.2.1.2. Leutetium-177
6.2.1.3. Fluorine-18
6.2.1.4. Actinium-225
6.2.1.5. Others
6.2.2. Stable Isotopes
Chapter 7. Medical Isotope Production Market Segmentation 3: By Production Method, Estimates & Trend Analysis
7.1. Market Share by Production Method, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Production Method:
7.2.1. Nuclear Reactors
7.2.2. Accelerators
7.2.3. Other Methods
Chapter 8. Medical Isotope Production Market Segmentation 4: By Application Area, Estimates & Trend Analysis
8.1. Market Share by Application Area, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Application Area:
8.2.1. Diagnosis
8.2.2. Nuclear Therapy
8.2.3. Other Applications
Chapter 9. Medical Isotope Production Market Segmentation 5: By Type of Diagnostic Radioisotope, Estimates & Trend Analysis
9.1. Market Share by Type of Diagnostic Radioisotope, 2024 & 2034
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Type of Diagnostic Radioisotope:
9.2.1. SPECT Radioisotopes
9.2.2. PET Radioisotopes
Chapter 10. Medical Isotope Production Market Segmentation 6: By Type of Therapeutic Radioisotope, Estimates & Trend Analysis
10.1. Market Share by Type of Therapeutic Radioisotope, 2024 & 2034
10.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Type of Therapeutic Radioisotope:
10.2.1. Beta Emitters
10.2.2. Alpha Emitters
10.2.3. Other Emitters
Chapter 11. Medical Isotope Production Market Segmentation 7: By Therapeutic Area, Estimates & Trend Analysis
11.1. Market Share by Therapeutic Area, 2024 & 2034
11.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Therapeutic Area:
11.2.1. Oncological Disorders
11.2.2. Cardiovascular Disorders
11.2.3. Neurological Disorders
11.2.4. Other Disorders
Chapter 12. Medical Isotope Production Market Segmentation 8: By End Users, Estimates & Trend Analysis
12.1. Market Share by End Users, 2024 & 2034
12.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following End Users:
12.2.1. Hospitals
12.2.2. Diagnostic Centers
12.2.3. Research Institutes
Chapter 13. Medical Isotope Production Market Segmentation 9: Regional Estimates & Trend Analysis
13.1. Global Medical Isotope Production Market, Regional Snapshot 2024 & 2034
13.2. North America
13.2.1. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
13.2.1.1. US
13.2.1.2. Canada
13.2.2. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.2.3. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Isotope, 2021-2034
13.2.4. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Radioisotope 2021-2034
13.2.5. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.2.6. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Application Area, 2021-2034
13.2.7. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Diagnostic Radioisotope, 2021-2034
13.2.8. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Therapeutic Radioisotope, 2021-2034
13.2.9. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2021-2034
13.2.10. North America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by End Users, 2021-2034
13.3. Europe
13.3.1. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
13.3.1.1. Denmark
13.3.1.2. Finland
13.3.1.3. Austria
13.3.1.4. France
13.3.1.5. Germany
13.3.1.6. Israel
13.3.1.7. Italy
13.3.1.8. Netherlands
13.3.1.9. Norway
13.3.1.10. Poland
13.3.2. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.3.3. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Isotope, 2021-2034
13.3.4. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Radioisotope 2021-2034
13.3.5. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Production Method, 2021-2034
13.3.6. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Application Area, 2021-2034
13.3.7. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Diagnostic Radioisotope, 2021-2034
13.3.8. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts Type of Therapeutic Radioisotope, 2021-2034
13.3.9. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2021-2034
13.3.10. Europe Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by End Users, 2021-2034
13.4. Asia Pacific
13.4.1. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
13.4.1.1. Australia
13.4.1.2. China
13.4.1.3. India
13.4.1.4. Indonesia
13.4.1.5. Japan
13.4.1.6. Malaysia
13.4.1.7. Philippines
13.4.1.8. Singapore
13.4.1.9. South Korea
13.4.1.10. Taiwan
13.4.1.11. Thailand
13.4.1.12. Rest of APAC
13.4.2. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.4.3. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Isotope, 2021-2034
13.4.4. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts By Radioisotope 2021-2034
13.4.5. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Production Method, 2021-2034
13.4.6. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Application Area, 2021-2034
13.4.7. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Diagnostic Radioisotope, 2021-2034
13.4.8. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Therapeutic Radioisotope, 2021-2034
13.4.9. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2021-2034
13.4.10. Asia Pacific Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by End Users, 2021-2034
13.5. Latin America
13.5.1. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
13.5.1.1. Argentina
13.5.1.2. Brazil
13.5.1.3. Mexico
13.5.1.4. Rest of LATAM
13.5.2. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.5.3. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Isotope, 2021-2034
13.5.4. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Radioisotope 2021-2034
13.5.5. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Production Method, 2021-2034
13.5.6. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Application Area, 2021-2034
13.5.7. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Diagnostic Radioisotope, 2021-2034
13.5.8. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Therapeutic Radioisotope, 2021-2034
13.5.9. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2021-2034
13.5.10. Latin America Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by End Users, 2021-2034
13.6. Middle East & Africa
13.6.1. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
13.6.1.1. Egypt
13.6.1.2. Israel
13.6.1.3. Nigeria
13.6.1.4. Saudi Arabia
13.6.1.5. Qatar
13.6.1.6. United Arab Emirates
13.6.1.7. Rest of MEA
13.6.2. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Scale of Operation, 2021-2034
13.6.3. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Isotope, 2021-2034
13.6.4. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Radioisotope 2021-2034
13.6.5. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Production Method, 2021-2034
13.6.6. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Application Area, 2021-2034
13.6.7. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Diagnostic Radioisotope, 2021-2034
13.6.8. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Type of Therapeutic Radioisotope, 2021-2034
13.6.9. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by Therapeutic Area, 2021-2034
13.6.10. Middle East & Africa Medical Isotope Production Market Revenue (US$ Million) Estimates and Forecasts by End Users, 2021-2034
Chapter 14. Competitive Landscape
14.1. Major Mergers and Acquisitions/Strategic Alliances
14.2. Company Profiles
14.2.1. Actinium Pharmaceuticals
14.2.1.1. Business Overview
14.2.1.2. Key Product/Service
14.2.1.3. Financial Performance
14.2.1.4. Modeance
14.2.1.5. Geographical Presence
14.2.1.6. Recent Developments with Business Strategy
14.2.2. Fussion Pharmaceuticals
14.2.3. Jubilant Radiopharma
14.2.4. Lantheus
14.2.5. Kinectrics
14.2.6. Bayer
14.2.7. IRE
14.2.8. Novartis
14.2.9. Siemens Healthineers
14.2.10. NTP Radioisotopes
14.2.11. Taiyo Nippon Sanso
14.2.12. Telix
14.2.13. Other Prominent Players
Segmentation of Medical Isotope Production Market-
Medical Isotope Production Market By Scale of Operation
Medical Isotope Production Market By Type of Isotope
Medical Isotope Production Market By Production Method
Medical Isotope Production Market By Application Area
Medical Isotope Production Market By Type of Diagnostic Radioisotope
Medical Isotope Production Market By Type of Therapeutic Radioisotope
Medical Isotope Production Market By Therapeutic Area
Medical Isotope Production Market By End-users
Medical Isotope Production Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
