Global Radiopharmaceutical Synthesizer Market – Generate Massive Revenue in Upcoming Future 2021–2031 | Mercurius Health, IBA, Elysia, IAEA

Radiopharmaceutical synthesizers make pharmaceutical products which contain small amounts of radioisotopes by irradiating a specific target which are found inside a nuclear research reactor or in a particle accelerator. Once these radioisotopes are produced, they are tagged on certain molecules based on biological capabilities which result in radiopharmaceuticals.

As with any medical or pharmaceutical product, radiopharmaceuticals are required be produced under carefully controlled conditions and are subject to stringent tests for their quality before they are made commercially available. More than 100 radiopharmaceuticals have been developed, using radioisotopes which were either produced through nuclear reactors or particle accelerators. Radiopharmaceuticals are used to diagnose various medical problems like cardiac anomalies or neurological conditions and are also used to treat certain conditions such as cancers.

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In 2018, the United States FDA and nuclear regulatory authority took steps in order to ensure the supply of a critical radioisotope which is used as an image tracer to detect life threatening diseases. The FDA approved NorthStar Medical Radioisotopes’ RadioGenix system, which is a unique system used for producing molybdenum-99 (Mo-99), a medical radioisotope.

Radiopharmaceutical Synthesizer Market: Drivers and Restraints

Primary factors driving Radiopharmaceutical Synthesizer Market include growing need for safe and effective guiding technology during diagnosis and prognosis of various medical anomalies. Besides, need for accurate procedures to diagnose cardiac neurological and cancerous diseases the discovery of new radiopharmaceuticals have attributed to growth in demand for radiopharmaceutical synthesizers across all end users. Other than the increasing incidences of various anomalies, increasing awareness amongst masses and an expanding application segment are driving the growth of the radiopharmaceutical synthesizer market. However, unawareness towards the procedure in some developing countries is the factor limiting the growth of the global Radiopharmaceutical Synthesizer Market.

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Radiopharmaceutical Synthesizer Market: Segmentation

Tentatively, the global Radiopharmaceutical Synthesizer Market has been segmented on the basis of production type, indication, end users, and geography.

Based on indications, the global Radiopharmaceutical Synthesizer Market is segmented as:

• Cyclotron
• Nuclear Reactor
• Radionuclide generator

Based on indications, the global Radiopharmaceutical Synthesizer Market is segmented as:

• Cancer Treatment
• Neurology
• Cardiology

Based on end user, the global Radiopharmaceutical Synthesizer Market is segmented as:

• Hospitals
• Pharmaceutical Companies
• Academic and Research centers

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Radiopharmaceutical Synthesizer Market: Key Players

Examples of some of the major players in the global Radiopharmaceutical Synthesizer Market are Mercurius Health, IBA, Elysia, IAEA, Advion, Inc, Advanced Cyclotron Systems, JSC Isotope, Lantheus Medical Imaging, Inc., BV Cyclotron VU, LabLogic Systems Ltd, NorthStar Medical Technologies Technological advancement in already marketed products is the major trend emerging in the global Radiopharmaceutical Synthesizer Market.

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