Europe Radiopharmaceuticals Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Type (Diagnostic Nuclear Medicine and Therapeutic Nuclear Medicine), Application (Oncology, Cardiology, Neurology, and Others), and End User (Hospitals, Imaging Centers, Academic and Research Centers, and Others)


No. of Pages: 157    |    Report Code: TIPRE00025879    |    Category: Life Sciences

Europe Radiopharmaceuticals Market
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Market Introduction

Europe consists of five major countries namely Germany, France, UK, Italy, and Spain. Germany is one of the largest market of radiopharmaceuticals. The German Radiation Protection Ordinance and the guidelines on obtaining the special qualification contain regulations. In this ordinance specific numbers are listed for guidance, which, however, do not constitute binding minimum numbers. Moreover, in May 2017, Radiation Protection Act was adopted for the protection against radon in dwellings and better provisions for an emergency. The Radiation Protection Act is supplemented by the Radiation Protection Ordinance, which started from 31 December 2018. Furthermore, in Germany the health insurance is a major aspect of the healthcare industry, approximately 71.4 million Germans covered by statutory health insurance (Gesetzliche Krankenversicherung (GKV)) nearly 8.8 million Germans are covered by private health insurance (Private Krankenversicherung (PKV)) and via state aid. As per the German Federal Statistical Office, data for 2019 total annual healthcare expenditure accounted to US$460 billion (EUR 410 billion). In addition, the investments done by various government and non-government associations are helping radiopharmaceuticals market to grow. For instance, in January 2019, the Advancing Nuclear Medicine consortium, with the help of Nuclear Research and Consultancy Group (NRG), has been awarded an amount of US$ 7.7 million (EUR 6.8 million) subsidy for the development of FIELD-LAB. The Dutch initiative is aimed at accelerating the development and introduction of new radiopharmaceuticals. The ground will develop new nuclear medicines that are expected to take a growing role in the personalized treatment of life-threatening diseases like cancer. Therefore, according to the above-mentioned factors the Europe market for the radiopharmaceuticals is expected to grow in the forecast period.

In case of COVID-19, Europe is highly affected especially France and Russia. The COVID-19 pandemic has profoundly changed hospital activities, including NM practice across Europe. A literature search on PubMed was performed covering COVID-19 studies published up until January 2021. As per the findings, the pandemic strongly challenged NM departments, and a reduction in the workforce has been experienced in every center in Europe. NM departments introduced restriction measures to limit COVID-19 transmission, including rescheduling of non-high-priority procedures. Also, some of the departments experienced a delay in radiopharmaceuticals supply or technical assistance due to COVID-19. As a result, the pandemic resulted in a significant reduction of diagnostic and therapeutic NM procedures and a reduced level of care for patients affected by diseases other than COVID-19, such as cancer or acute cardiovascular disease. The pandemic influenced workflows in a substantial proportion of NM departments. New findings supporting COVID-19 diagnosis are expected to accelerate the growth of radiopharmaceuticals in the region. For instance, as per the research study by Chentao Jin et al., published in the European Journal of Nuclear Medicine and Molecular Imaging in May 2021, positron emission tomography (PET) is expected to offer pathophysiological alternations of COVID-19 and facilitate the clinical management of patients. With the role of PET in the COVID-19, the research studies can also pave the way in combating other epidemics in the future.


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Europe Radiopharmaceuticals Strategic Insights

Strategic insights for the Europe Radiopharmaceuticals provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Radiopharmaceuticals Report Scope

Report Attribute Details
Market size in 2021 US$ 1,940.54 Million
Market Size by 2028 US$ 3,442.11 Million
Global CAGR (2021 - 2028) 8.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Diagnostic Nuclear Medicine
  • Therapeutic Nuclear Medicine
By Application
  • Oncology
  • Cardiology
  • Neurology
By End User
  • Hospitals
  • Imaging Centers
  • Academic and Research Centers
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Advanced Accelerator Applications
  • Bayer AG
  • Bracco Imaging S.p.A
  • Cardinal Health Inc
  • Curium
  • ECZACIBAI MONROL NUCLEAR PRODUCTS CO.
  • GENERAL ELECTRIC
  • Lantheus Medical Imaging, Inc.
  • Nordion
  • NTP RADIOISOTOPES
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    Europe Radiopharmaceuticals Regional Insights

    The geographic scope of the Europe Radiopharmaceuticals refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics   

    The Europe radiopharmaceuticals market is expected to grow from US$ 1,940.54 million in 2021 to US$ 3,442.11 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028. In personalized care, treatment is individualized based on specific biochemical markers detected in patients as well as on the characteristics of their disease condition. Imaging techniques identify patients for particular therapies and optimize patient response to treatment while minimizing side effects. Precision medicine involves the use of an individual’s genomic information to offer them targeted treatment. In recent years, scientists are focusing on pioneering neurogenetics to introduce better therapies and treatment for brain and related disorders. Nuclear medicine is gaining pace gradually, and targeted radionuclide therapy provides efficacious treatment modalities against cancer. The latest innovations involve using radionuclides, new or improved multimodality imaging devices, and several recently marketed radiopharmaceuticals in all medical applications, particularly cardiology, neurology, and oncology. Current developments in self-shielded cyclotrons, video-monitored hot cell designs, improved targets, and automated PET radiopharmaceutical synthesis modules, based on computer-controlled graphic user interphase (GUI), have revolutionized the PET molecular imaging technology for basic biomedical research to accomplish evidence-based personalized medicine. Further advancements in novel PET radiopharmaceutical utilizing automated microfluidic synthesis modules and multifunctional nanoparticles, are likely to improve biomarker discovery, internal dosimetry, immunotherapy, pharmacokinetics, and stem cell tracking in regenerative medicine. The peptide receptor radionuclide therapy (PRRT) is at the forefront of new personalized medicines. The somatostatin analogs used in this technique, which bind selectively to cellular receptors on the neuroendocrine tumor cells, carry a gallium radionuclide that simultaneously emits radiation that kills tumors and makes the analogs visible as well as quantifiable with PET. The end effect of successful and measurable treatment is decreased tumor size and reduced symptoms, along with a halt in tumor progression in many patients. Thus, the use of nuclear medicines in personalized medicine is emerging as a prime future trend in the Europe radiopharmaceuticals market.

    Key Market Segments

    In terms of type, the diagnostic nuclear medicine segment accounted for the largest share of the Europe radiopharmaceuticals market in 2020. In terms of application, the oncology segment held a larger market share of the Europe radiopharmaceuticals market in 2020.  Further, the hospitals segment held a larger share of the Europe radiopharmaceuticals market based on end user in 2020.  

    Major Sources and Companies Listed

    A few major primary and secondary sources referred to for preparing this report on the Europe radiopharmaceuticals market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Advanced Accelerator Applications; Bayer AG; Bracco Imaging S.p.A; Cardinal Health Inc; Curium; ECZACIBA?I MONROL NUCLEAR PRODUCTS CO.; GENERAL ELECTRIC; Lantheus Medical Imaging, Inc.; Nordion; and NTP RADIOISOTOPES

    Reasons to buy report

    • To understand the Europe radiopharmaceuticals market landscape and identify market segments that are most likely to guarantee a strong return
    • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe radiopharmaceuticals market
    • Efficiently plan M&A and partnership deals in Europe radiopharmaceuticals market by identifying market segments with the most promising probable sales
    • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe radiopharmaceuticals market
    • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region

    Europe Radiopharmaceuticals Market Segmentation

    Europe Radiopharmaceuticals Market - By Type

    • Diagnostic Nuclear Medicine
      • SPECT
      • PET 
    • Therapeutic Nuclear Medicine
      • Alpha Emitters
      • Beta Emitters
      • Brachytherapy Isotopes

    Europe Radiopharmaceuticals Market -

    By Application

    • Oncology
    • Cardiology
    • Neurology 
    • Others

    Europe Radiopharmaceuticals Market -

    By End User

    • Hospitals
    • Imaging Centers
    • Academic and Research Centers
    • Others

    Europe Radiopharmaceuticals Market - By Country

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

    Europe Radiopharmaceuticals Market - Company Profiles

    • Advanced Accelerator Applications
    • Bayer AG
    • Bracco Imaging S.p.A
    • Cardinal Health Inc
    • Curium
    • ECZACIBA?I MONROL NUCLEAR PRODUCTS CO.
    • GENERAL ELECTRIC  
    • Lantheus Medical Imaging, Inc. 
    • Nordion
    • NTP RADIOISOTOPES

    The List of Companies - Europe Radiopharmaceuticals Market

    1. Advanced Accelerator Applications
    2. Bayer AG
    3. Bracco Imaging S.p.A
    4. Cardinal Health Inc
    5. Curium
    6. ECZACIBA?I MONROL NUCLEAR PRODUCTS CO.
    7. GENERAL ELECTRIC
    8. Lantheus Medical Imaging, Inc.
    9. Nordion
    10. NTP RADIOISOTOPES  
    Frequently Asked Questions
    How big is the Europe Radiopharmaceuticals Market?

    The Europe Radiopharmaceuticals Market is valued at US$ 1,940.54 Million in 2021, it is projected to reach US$ 3,442.11 Million by 2028.

    What is the CAGR for Europe Radiopharmaceuticals Market by (2021 - 2028)?

    As per our report Europe Radiopharmaceuticals Market, the market size is valued at US$ 1,940.54 Million in 2021, projecting it to reach US$ 3,442.11 Million by 2028. This translates to a CAGR of approximately 8.5% during the forecast period.

    What segments are covered in this report?

    The Europe Radiopharmaceuticals Market report typically cover these key segments-

    • Type (Diagnostic Nuclear Medicine, Therapeutic Nuclear Medicine)
    • Application (Oncology, Cardiology, Neurology)
    • End User (Hospitals, Imaging Centers, Academic and Research Centers)

    What is the historic period, base year, and forecast period taken for Europe Radiopharmaceuticals Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Radiopharmaceuticals Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Radiopharmaceuticals Market?

    The Europe Radiopharmaceuticals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Advanced Accelerator Applications
  • Bayer AG
  • Bracco Imaging S.p.A
  • Cardinal Health Inc
  • Curium
  • ECZACIBAI MONROL NUCLEAR PRODUCTS CO.
  • GENERAL ELECTRIC
  • Lantheus Medical Imaging, Inc.
  • Nordion
  • NTP RADIOISOTOPES
  • Who should buy this report?

    The Europe Radiopharmaceuticals Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Radiopharmaceuticals Market value chain can benefit from the information contained in a comprehensive market report.

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