Fluorine-18 Market to Exceed US$ 3 Bn by 2030; Surge in Use of PET/CT Scan in Oncology Spurs Demand for FDGs, Notes Study by TMR

ALBANY, N.Y., Jan. 6, 2022 /PRNewswire/ -- Positron emission tomography (PET) and positron emission tomography/computed tomography (PET/CT) systems are increasingly being used in the detection and treatment of varied critical illnesses such as cardiovascular diseases, neurology-related diseases, and cancer. Thus, rise in the number of PET/CT scans is prognosticated to fuel the sales prospects in the global fluorine-18 market.

A study by Transparency Market Research (TMR) notes that the global fluorine-18 market is estimated to attract growth at a CAGR of 7.5% during the forecast period, 2021­-2031. This research report offers complete analysis of major crucial factors such as drivers, restraints, notable developments, and competition landscape of the market.

Fluorine-18 is widely utilized radioisotope in the PET radiopharmaceuticals in varied clinical processes. In recent years, there has been a notable increase in the use of PET imaging technique for the assessment of biochemical, pharmacological, and physiological functions in humans. This technique is gaining traction owing to its non-invasive nature.

PET imaging techniques can precisely measure the tracer concentration in tissues, owing to its high spatial resolution and sensitivity. Thus, rise in the use of fluorine-18 radiotracers in PET imaging in the healthcare industry is creating lucrative opportunities in the global fluorine-18 market.

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Combined PET/CT scanners are being increasingly utilized instead of presently available major PET scans, as these combined scans can assist in finding abnormal metabolic functions. Moreover, they can also play a crucial role in offering more precise diagnoses than performing the two scans independently. These factors are resulting in increased sales of fluorine-18, which, in turn, is boosting the market growth.

Fluorine-18 Market: Key Findings

• Physical and Nuclear Characteristics of Fluorine-18 Drive Adoption in Radiochemistry

Fluorine-18 offers low positron energy, increased positron decay ratio, and has relatively short half-life. Owing to all these properties, it is increasingly being used in the radiochemistry industry. This factor is boosting the growth of the global fluorine-18 market. Furthermore, increasing product use in varied fields such as neurology, cardiology, and oncology is likely to drive market expansion.

• North America to Maintain Dominant Position; Asia Pacific to Offer Promising Growth Prospects

North America is estimated to maintain its dominant position in the fluorine-18 market during the forecast period, owing to rapid adoption of advanced imaging equipment such as PET/CT and presence of a sturdy healthcare infrastructure in countries such as the U.S.

Moreover, the Asia Pacific market is estimated to experience promising growth opportunities, owing to increase in the number of mergers, acquisitions, new product launches, alliances, distribution agreements, and geographical expansions by the regional players.

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Fluorine-18 Market: Growth Boosters

• PET-CT scans are being increasingly used to perform the study of cancer treatment more efficiently. Thus, rise in the number of cancer patients is projected to fuel sales prospects in the fluorine-18 market.
• Rise in PET-CT scans in the diagnosis of cardiovascular and Alzheimer's diseases is driving the sales of fluorine-18
• Increasing use of the fluorine-18 fluorodeoxyglucose PET-CT to assess the effects and infections of the coronavirus disease is generating revenue-generating opportunities in the fluorine-18 market

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Fluorine-18 Market: Key Players

Some of the key players profiled in the report are:

• Siemens Healthineers
• Lantheus Holdings, Inc.
• GE Healthcare (General Electric Company)
• Advanced Accelerator Applications (a Novartis AG Company)
• Jubilant Pharma Limited
• Blue Earth Diagnostics (A Bracco Imaging Company)
• Eli Lilly and Company
• China lsotope & Radiation Corporation
• Yantai Dongcheng Pharmaceutical Group Co., Ltd.
• Curium Pharma

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Fluorine-18 Market Segmentation

Product     

• FDG
• NaF
• Others

End User   

• Hospitals
• Diagnostic Centers
• Others

Region       

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

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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