Radioactive Tracer Market Size, Share & Trends Analysis Report By Tracer Type , Test Type (PET, SPECT, Others), Application (Oncology, Pulmonary, Neurology, Cardiology, Others), End User, Region And Segment Forecasts, 2025-2034

Report Id: 2042 Pages: 180 Last Updated: 10 June 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Radioactive Tracer Market-

Radioactive Tracer Market By Tracer Type -

  • Technetium-99m & Tc-97m
  • Iodine-131, 
  • Lutetium-171
  • Rubidium (Rb-82) 
  • Chloride & Ammonia (N-13)
  • Hassium-269
  • FDDNP (F-18) & FDOPA (F-18)
  • Phosphorus-32 & Chromium-51
  • Thallium-201
  • F-18
  • Ga-68 FAPI
  • Others (Scandium-46, Seaborgium-269)

radioactive tracer

Radioactive Tracer Market By Test Type -

  • PET
  • SPECT
  • Others

Radioactive Tracer Market By Application­­-

  • Oncology
  • Pulmonary
  • Neurology
  • Cardiology
  • Others

Radioactive Tracer Market By End User-

  • Hospitals & Clinics
  • Diagnostic Centers
  • Academic & Research Institutes
  • Others

Radioactive Tracer Market By Region-

North America-

  • The US
  • Canada

Europe-

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

Asia-Pacific-

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

Latin America-

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

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

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Radioactive Tracer Market Snapshot

Chapter 4. Global Radioactive Tracer 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. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Tracer Type Estimates & Trend Analysis
5.1. By Tracer Type, & Market Share, 2021 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Tracer Type:

5.2.1. Technetium-99m & Tc-97m
5.2.2. Iodine-131,
5.2.3. Lutetium-171
5.2.4. Rubidium (Rb-82)
5.2.5. Chloride & Ammonia (N-13)
5.2.6. Hassium-269
5.2.7. FDDNP (F-18) & FDOPA (F-18)
5.2.8. Phosphorus-32 & Chromium-51
5.2.9. Thallium-201
5.2.10. F-18
5.2.11. Ga-68 FAPI
5.2.12. Others (Scandium-46, Seaborgium-269)

Chapter 6. Market Segmentation 2: By Test Type Estimates & Trend Analysis
6.1. By Test Type & Market Share, 2021 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Test Type:

6.2.1. PET
6.2.2. SPECT
6.2.3. Others

Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis
7.1. By Application & Market Share, 2021 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:

7.2.1. Oncology
7.2.2. Pulmonary
7.2.3. Neurology
7.2.4. Cardiology
7.2.5. Others

Chapter 8. Market Segmentation 4: By End-User Estimates & Trend Analysis
8.1. By End-User & Market Share, 2021 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-User:

8.2.1. Hospitals & Clinics
8.2.2. Diagnostic Centers
8.2.3. Academic & Research Institutes
8.2.4. Others

Chapter 9. Radioactive Tracer Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Radioactive Tracer Market revenue (US$ Million) estimates and forecasts By Tracer Type, 2021-2034
9.1.2. North America Radioactive Tracer Market revenue (US$ Million) estimates and forecasts By Test Type, 2021-2034
9.1.3. North America Radioactive Tracer Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
9.1.4. North America Radioactive Tracer Market revenue (US$ Million) estimates and forecasts By End-User, 2021-2034
9.1.5. North America Radioactive Tracer Market revenue (US$ Million) estimates and forecasts by country, 2021-2034

9.2. Europe

9.2.1. Europe Radioactive Tracer Market revenue (US$ Million) By Tracer Type, 2021-2034
9.2.2. Europe Radioactive Tracer Market revenue (US$ Million) By Test Type, 2021-2034
9.2.3. Europe Radioactive Tracer Market revenue (US$ Million) By Application, 2021-2034
9.2.4. Europe Radioactive Tracer Market revenue (US$ Million) By End-User, 2021-2034
9.2.5. Europe Radioactive Tracer Market revenue (US$ Million) by country, 2021-2034

9.3. Asia Pacific

9.3.1. Asia Pacific Radioactive Tracer Market revenue (US$ Million) By Tracer Type, 2021-2034
9.3.2. Asia Pacific Radioactive Tracer Market revenue (US$ Million) By Test Type, 2021-2034
9.3.3. Asia Pacific Radioactive Tracer Market revenue (US$ Million) By Application, 2021-2034
9.3.4. Asia Pacific Radioactive Tracer Market revenue (US$ Million) By End-User, 2021-2034
9.3.5. Asia Pacific Radioactive Tracer Market revenue (US$ Million) by country, 2021-2034

9.4. Latin America

9.4.1. Latin America Radioactive Tracer Market revenue (US$ Million) By Tracer Type, (US$ Million) 2021-2034
9.4.2. Latin America Radioactive Tracer Market revenue (US$ Million) By Test Type, (US$ Million) 2021-2034
9.4.3. Latin America Radioactive Tracer Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
9.4.4. Latin America Radioactive Tracer Market revenue (US$ Million) By End-User, (US$ Million) 2021-2034
9.4.5. Latin America Radioactive Tracer Market revenue (US$ Million) by country, 2021-2034

9.5. Middle East & Africa

9.5.1. Middle East & Africa Radioactive Tracer Market revenue (US$ Million) By Tracer Type, (US$ Million) 2021-2034
9.5.2. Middle East & Africa Radioactive Tracer Market revenue (US$ Million) By Test Type, (US$ Million) 2021-2034
9.5.3. Middle East & Africa Radioactive Tracer Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
9.5.4. Middle East & Africa Radioactive Tracer Market revenue (US$ Million) By End-User, (US$ Million) 2021-2034
9.5.5. Middle East & Africa Radioactive Tracer Market revenue (US$ Million) by country, 2021-2034

Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles

10.2.1. Curium
10.2.2. Telix Pharmaceuticals
10.2.3. Lantheus Holdings, Inc.
10.2.4. GE Healthcare
10.2.5. Life Molecular Imaging
10.2.6. Bracco Imaging
10.2.7. Siemens Healthineers
10.2.8. Cardinal Health
10.2.9. Jubilant Pharmova
10.2.10. Eckert & Ziegler
10.2.11. Avid Radiopharmaceuticals

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Global Radioactive Tracer Market Size is valued at USD 3.5 billion in 2024 and is predicted to reach USD 7.19 billion by the year 2034

The Global Radioactive Tracer Market is expected to grow at a 7.4% CAGR during the forecast period for 2025-2034.

Curium, Telix Pharmaceuticals, Lantheus Holdings, Inc., GE Healthcare, Life Molecular Imaging, Bracco Imaging, Siemens Healthineers, Cardinal Health,

Tracer Type, Test Type, Application, End User are the key segments of the Radioactive Tracer Market.

North American region is leading the Radioactive Tracer Market.

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