Nuclear Pharmacy Market Size, Share & Trends Analysis Report By Type (Diagnostic & Therapeutic Nuclear Medicine), By Application (Diagnostic, Therapeutic), By Region, And By Segment Forecasts, 2023-2031.

Report ID : 1980 | Published : 2023-08-17 | Pages: 180 | Format: PDF/EXCEL

The Nuclear Pharmacy Market Size is valued at 5.20 Bn in 2022 and is predicted to reach 12.85 Bn by the year 2031 at a 10.6 % CAGR during the forecast period for 2023-2031.

Nuclear Pharmacy Market

The preparation, dispensing, and management of radioactive materials used in nuclear medicine operations are the focus of nuclear pharmacy, a subspecialty of pharmacy. Small quantities of radioactive substances (radiopharmaceuticals) are used in the medical speciality known as nuclear medicine to diagnose and treat various illnesses and ailments.

The need for radiopharmaceuticals was driven by the rising use of nuclear medicine procedures for diagnostic and therapeutic applications, which fueled the expansion of the nuclear pharmacy business. The need for radiopharmaceuticals was driven by the rising use of nuclear medicine procedures for diagnostic and therapeutic applications, which fueled the expansion of the nuclear pharmacy business.

However, the pandemic impacted the research and development of new radiopharmaceuticals and nuclear medical applications. The rate of innovation in the nuclear pharmacy sector may have been slowed down by limitations on research activities and the allocation of resources to the pandemic response. 

Competitive Landscape:

Some major key players in the Nuclear Pharmacy Market:

  • Jubilant Radiopharma (Jubilant Pharma Holdings Inc.)
  • GE Healthcare
  • Cardinal Health, Inc.
  • ARTMS Inc.
  • AnazaoHealth Corp.
  • Pacific Radiopharmacy, Ltd. 

Market Segmentation: 

The Nuclear Pharmacy Market is segmented on the basis of type and application. Based on type, the market is segmented as diagnostic & therapeutic nuclear medicine. The application segment includes diagnostic and therapeutic.  

Based On Application, The Diagnostic Nuclear Medicine Segment Is Accounted As A Major Contributor To The Nuclear Pharmacy Market

The diagnostic nuclear medicine category is expected to hold a major share of the global Nuclear Pharmacy Market in 2021. Due to factors like effective imaging of patients with numerous types of cancer, new product launches for diagnosing various illnesses, and rising procedural volumes globally, this category is also expected to rise at a significant CAGR. Imaging methods used in nuclear medicine diagnostics include planar imaging, single-photon emission computed tomography (SPECT), and positron emission tomography (PET). Each method offers distinct knowledge about the anatomy, physiology, and molecular functions of the organism. 

The Diagnostic Segment Witnessed Growth At A Rapid Rate 

The diagnostic segment division is projected to grow at a rapid rate in the global Nuclear Pharmacy Market. A wide variety of radiopharmaceuticals used in various diagnostic imaging studies are prepared and compounded by commercial nuclear pharmacies. To assure the safety and effectiveness of radiopharmaceuticals, they are prepared in a controlled setting using stringent quality control procedures. Commercial nuclear pharmacies provide support for a variety of medical imaging modalities, including planar imaging, SPECT (Single-Photon Emission Computed Tomography) and Positron Emission Tomography (PET). 

In The Region, The North America Nuclear Pharmacy Market Holds A Significant Revenue Share 

The North American, Nuclear Pharmacy Market, is expected to register the highest market share in terms of revenue in the near future. The region is likely to witness rapid acceptance of technologically advanced and effective medicinal radiopharmaceuticals, as well as an increase in the use of nuclear imaging technology.

In addition, it is anticipated that throughout the projected period, the prevalence of various cancers and other chronic conditions will contribute to the market's rise in North America. As a result of the leading companies' recent product releases and the adoption of cutting-edge radiopharmaceuticals, Europe is predicted to experience significant market expansion. Additionally, this region's market players' acquisitions and mergers are promoting regional expansion. 

Nuclear Pharmacy Market Report Scope:

Report Attribute


Market size value in 2022

USD 5.20 Bn

Revenue forecast in 2031

USD 12.85 Bn

Growth rate CAGR

CAGR of 10.6% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Bn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year


Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

By Type, By application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Jubilant Radiopharma (Jubilant Pharma Holdings Inc.), GE Healthcare, Cardinal Health, Inc., ARTMS Inc., AnazaoHealth Corp., SOFIE, Pacific Radiopharmacy, Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Segmentation of Nuclear Pharmacy Market-

Nuclear Pharmacy Market By Type-

  • Diagnostic Nuclear Medicine
    • SPECT Radiopharmaceuticals
      • Tc-99m
      • I-123
      • Tl-201
      • Ga-67
      • Other SPECT Isotopes
    • PET Radiopharmaceuticals
      • F-18
      • Rb-82
      • Other PET Isotopes
    • Therapeutic Nuclear Medicine
      • Alpha Emitters
        • Ra-223
      • Beta Emitters
        • I-131
        • Y-90
        • Sm-153
        • Lu-177
        • Re-186
        • Other Beta Emitters
      • Brachytherapy Isotopes
        • I-125
        • Ir-192
        • Pd-103
        • Cs-131
        • Other Brachytherapy Isotopes

Nuclear Pharmacy Market

Nuclear Pharmacy Market By Application-

  • Diagnostic Applications
    • SPECT Applications
      • Cardiology
      • Bone Scans
      • Thyroid Applications
      • Pulmonary Scans
      • Other SPECT Applications
    • PET Applications
      • Oncology
      • Cardiology
      • Neurology
      • Other PET Applications
    • Therapeutic Applications
      • Thyroid Indications
      • Bone Metastasis
      • Lymphoma
      • Endocrine Tumors
      • Other Indications

Nuclear Pharmacy Market By Region-

North America-

  • The US
  • Canada
  • Mexico


  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe


  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Nuclear Pharmacy Market?

Nuclear Pharmacy Market expected to grow at a 10.6 % CAGR during the forecast per

Jubilant Radiopharma (Jubilant Pharma Holdings Inc.), GE Healthcare, Cardinal Health, Inc., ARTMS Inc., AnazaoHealth Corp., SOFIE, Pacific Radiopharma

Our Clients

Media Citations

Growth opportunities and latent adjacency in Pharmaceuticals

Select Licence Type
Get a Custom Report
Contact us with a specific research request.

Kindly share us with a topic or product segment or objectives to meet your strategy goals

Review Request

We’ll review your request & send a personalized quote for cost and time needed

Final Delivery

Sit back while our team work on your research. We will send bi-monthly updates and discuss our finding on a conference call upon final delivery..