Nuclear Medicine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Nuclear Medicine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Nuclear Medicine Market

The nuclear medicine market size was valued at USD 7.53 billion in 2022, and the market is now projected to grow from USD 8.42 billion in 2023 to USD 29.35 billion by 2030, exhibiting a CAGR of 19.5% during the forecast period of 2023-2030.

The COVID-19 pandemic hindered marketplace revenue in 2020 due to a decline in diagnostic strategies like PET-CT and SPECT. Challenges blanketed staff shortages, transmission risks, and disruptions in supply chains and logistics, complicating the renovation of protection precautions at diagnostic facilities.

Technological improvements in nuclear imaging, particularly PET/PET-CT, are driving market boom via expanding applications past oncology to cardiology, neurology, and infection detection. Increased focus of the advantages of early prognosis and its effect on dealing with persistent issues in addition propels market improvement.

Robust pipelines in nuclear medicine therapies are boosting marketplace boom, pushed by their superior medical effects in comparison to different remedies. The increasing sophistication of therapeutic packages and successful effects in treating cancer and different issues are predicted to decorate call for, particularly in countries with high cancer fees.

Comprehensive Analysis of Nuclear Medicine Market

The nuclear medicine market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by type analysis, by application analysis, by end-user analysis. By type analysis include, PET radiopharmaceuticals and SPECT radiopharmaceuticals. Further, the PET is segmented into FDG-PET/18F, 68Ga, 68Cu, 11C, and others. By application analysis include, neurology, cardiology, oncology, and others. By end-user analysis include, hospitals & clinics, diagnostic centers, and others.

The North America region lead the nuclear medicine market share by benefitting a market size of USD 3.87 billion in 2022 due to increasing usage of technologically advanced and efficient therapeutic radiopharmaceuticals across the region.

The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Lantheus Medical Imaging (U.S.), Cardinal Health (U.S.), Norgine B.V. (Netherlands), Nordion (Canada), Bayer AG (Germany), Curium (France), Advanced Accelerator Applications (Novartis AG) (France), Bracco Diagnostic Inc. (U.S.), Jubilant Pharmova Limited (India), and GE Healthcare (U.S.) these market players provide a level-playing competitive landscape.

In February 2023, Telix Pharmaceuticals Limited, in collaboration with Heidelberg University Hospital, successfully completed a research project in February 2021 to develop a generator-based theranostic compound targeting PSMA for urologic oncology using the beta-emitting isotope rhenium-188 (188Re).

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 19.5% from 2023-2030

Unit Value (USD billion)

Segmentation By Type, By Application, By End-user, and By Region

By Type Diagnostic

- PET Radiopharmaceuticals

FDG-PET/18F

68Ga

68Cu

11C

Others

- SPECT Radiopharmaceuticals

Technetium-99m

Iodine-123

Xenon-133

Thallium-201

Others

Therapeutic

By Application Neurology

Cardiology

Oncology

Others

By End-user Hospitals & Clinics

Diagnostic Centers

Others

By Region North America (By Type, By Application, By End-user, By Country/ Sub-Region)

- U.S.

- Canada

Europe (By Type, By Application, By End-user, By Country/ Sub-Region)

- U.K.

- Germany

- France

- Italy

- Spain

- Rest of Europe

Asia Pacific (By Type, By Application, By End-user, By Country/ Sub-Region)

- Japan

- China

- India

- Australia

- Rest of Asia Pacific

Rest of the World (By Type, By Application, By End-user, By Country/ Sub-Region)


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
4.2. Latest technological Advancements
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
5. Global Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Definition
5.2. Market Analysis, Insights and Forecast – By Equipment
5.2.1. Heat Exchangers
5.2.2. Compressors
5.2.3. Heat Pipes and Hoses
5.2.4. Evaporators
5.2.5. Pumps & Control Valves
5.2.6. Accumulators & Reservoirs
5.2.7. Purge / Fill Systems
5.2.8. Filters and Motor Controllers
5.2.9. Others
5.3. Market Analysis, Insights and Forecast – By End Use
5.3.1. Consumer Electronics
5.3.2. Naval & Marine
5.3.3. Industrial Machineries
5.3.4. Aviation
5.3.5. Automobiles
5.3.6. Medical Equipment
5.3.7. Agriculture Equipment
5.3.8. Construction Equipment
5.3.9. Others
5.4. Market Analysis, Insights and Forecast – By Technology
5.4.1. Active Cooling
5.4.2. Passive Cooling
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-pacific
5.5.4. Middle East
5.5.5. Rest of the World
6. North America Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Equipment
6.1.1. Heat Exchangers
6.1.2. Compressors
6.1.3. Heat Pipes and Hoses
6.1.4. Evaporators
6.1.5. Pumps & Control Valves
6.1.6. Accumulators & Reservoirs
6.1.7. Purge / Fill Systems
6.1.8. Filters and Motor Controllers
6.1.9. Others
6.2. Market Analysis, Insights and Forecast – By End Use
6.2.1. Consumer Electronics
6.2.2. Naval & Marine
6.2.3. Industrial Machineries
6.2.4. Aviation
6.2.5. Automobiles
6.2.6. Medical Equipment
6.2.7. Agriculture Equipment
6.2.8. Construction Equipment
6.2.9. Others
6.3. Market Analysis, Insights and Forecast – By Technology
6.3.1. Active Cooling
6.3.2. Passive Cooling
6.4. Market Analysis – By Country
6.4.1. U.S.
6.4.1.1. Market Analysis, Insights and Forecast – By End Use
6.4.1.1.1. Consumer Electronics
6.4.1.1.2. Naval & Marine
6.4.1.1.3. Industrial Machineries
6.4.1.1.4. Aviation
6.4.1.1.5. Automobiles
6.4.1.1.6. Medical Equipment
6.4.1.1.7. Agriculture Equipment
6.4.1.1.8. Construction Equipment
6.4.1.1.9. Others
6.4.2. Canada
6.4.2.1. Market Analysis, Insights and Forecast – By End Use
6.4.2.1.1. Consumer Electronics
6.4.2.1.2. Naval & Marine
6.4.2.1.3. Industrial Machineries
6.4.2.1.4. Aviation
6.4.2.1.5. Automobiles
6.4.2.1.6. Medical Equipment
6.4.2.1.7. Agriculture Equipment
6.4.2.1.8. Construction Equipment
6.4.2.1.9. Others
7. Europe Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Equipment
7.1.1. Heat Exchangers
7.1.2. Compressors
7.1.3. Heat Pipes and Hoses
7.1.4. Evaporators
7.1.5. Pumps & Control Valves
7.1.6. Accumulators & Reservoirs
7.1.7. Purge / Fill Systems
7.1.8. Filters and Motor Controllers
7.1.9. Others
7.2. Market Analysis, Insights and Forecast – By End Use
7.2.1. Consumer Electronics
7.2.2. Naval & Marine
7.2.3. Industrial Machineries
7.2.4. Aviation
7.2.5. Automobiles
7.2.6. Medical Equipment
7.2.7. Agriculture Equipment
7.2.8. Construction Equipment
7.2.9. Others
7.3. Market Analysis, Insights and Forecast – By Technology
7.3.1. Active Cooling
7.3.2. Passive Cooling
7.4. Market Analysis – By Country
7.4.1. U.K.
7.4.1.1. Market Analysis, Insights and Forecast – By End Use
7.4.1.1.1. Consumer Electronics
7.4.1.1.2. Naval & Marine
7.4.1.1.3. Industrial Machineries
7.4.1.1.4. Aviation
7.4.1.1.5. Automobiles
7.4.1.1.6. Medical Equipment
7.4.1.1.7. Agriculture Equipment
7.4.1.1.8. Construction Equipment
7.4.1.1.9. Others
7.4.2. Germany
7.4.2.1. Market Analysis, Insights and Forecast – By End Use
7.4.2.1.1. Consumer Electronics
7.4.2.1.2. Naval & Marine
7.4.2.1.3. Industrial Machineries
7.4.2.1.4. Aviation
7.4.2.1.5. Automobiles
7.4.2.1.6. Medical Equipment
7.4.2.1.7. Agriculture Equipment
7.4.2.1.8. Construction Equipment
7.4.2.1.9. Others
7.4.3. France
7.4.3.1. Market Analysis, Insights and Forecast – By End Use
7.4.3.1.1. Consumer Electronics
7.4.3.1.2. Naval & Marine
7.4.3.1.3. Industrial Machineries
7.4.3.1.4. Aviation
7.4.3.1.5. Automobiles
7.4.3.1.6. Medical Equipment
7.4.3.1.7. Agriculture Equipment
7.4.3.1.8. Construction Equipment
7.4.3.1.9. Others
7.4.4. Russia
7.4.4.1. Market Analysis, Insights and Forecast – By End Use
7.4.4.1.1. Consumer Electronics
7.4.4.1.2. Naval & Marine
7.4.4.1.3. Industrial Machineries
7.4.4.1.4. Aviation
7.4.4.1.5. Automobiles
7.4.4.1.6. Medical Equipment
7.4.4.1.7. Agriculture Equipment
7.4.4.1.8. Construction Equipment
7.4.4.1.9. Others
7.4.5. Nordic Countries
7.4.5.1. Market Analysis, Insights and Forecast – By End Use
7.4.5.1.1. Consumer Electronics
7.4.5.1.2. Naval & Marine
7.4.5.1.3. Industrial Machineries
7.4.5.1.4. Aviation
7.4.5.1.5. Automobiles
7.4.5.1.6. Medical Equipment
7.4.5.1.7. Agriculture Equipment
7.4.5.1.8. Construction Equipment
7.4.5.1.9. Others
7.4.6. Rest of Europe
7.4.6.1. Market Analysis, Insights and Forecast – By End Use
7.4.6.1.1. Consumer Electronics
7.4.6.1.2. Naval & Marine
7.4.6.1.3. Industrial Machineries
7.4.6.1.4. Aviation
7.4.6.1.5. Automobiles
7.4.6.1.6. Medical Equipment
7.4.6.1.7. Agriculture Equipment
7.4.6.1.8. Construction Equipment
7.4.6.1.9. Others
8. Asia Pacific Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Equipment
8.1.1. Heat Exchangers
8.1.2. Compressors
8.1.3. Heat Pipes and Hoses
8.1.4. Evaporators
8.1.5. Pumps & Control Valves
8.1.6. Accumulators & Reservoirs
8.1.7. Purge / Fill Systems
8.1.8. Filters and Motor Controllers
8.1.9. Others
8.2. Market Analysis, Insights and Forecast – By End Use
8.2.1. Consumer Electronics
8.2.2. Naval & Marine
8.2.3. Industrial Machineries
8.2.4. Aviation
8.2.5. Automobiles
8.2.6. Medical Equipment
8.2.7. Agriculture Equipment
8.2.8. Construction Equipment
8.2.9. Others
8.3. Market Analysis, Insights and Forecast – By Technology
8.3.1. Active Cooling
8.3.2. Passive Cooling
8.4. Market Analysis – By Country
8.4.1. China
8.4.1.1. Market Analysis, Insights and Forecast – By End Use
8.4.1.1.1. Consumer Electronics
8.4.1.1.2. Naval & Marine
8.4.1.1.3. Industrial Machineries
8.4.1.1.4. Aviation
8.4.1.1.5. Automobiles
8.4.1.1.6. Medical Equipment
8.4.1.1.7. Agriculture Equipment
8.4.1.1.8. Construction Equipment
8.4.1.1.9. Others
8.4.2. India
8.4.2.1. Market Analysis, Insights and Forecast – By End Use
8.4.2.1.1. Consumer Electronics
8.4.2.1.2. Naval & Marine
8.4.2.1.3. Industrial Machineries
8.4.2.1.4. Aviation
8.4.2.1.5. Automobiles
8.4.2.1.6. Medical Equipment
8.4.2.1.7. Agriculture Equipment
8.4.2.1.8. Construction Equipment
8.4.2.1.9. Others
8.4.3. Japan
8.4.3.1. Market Analysis, Insights and Forecast – By End Use
8.4.3.1.1. Consumer Electronics
8.4.3.1.2. Naval & Marine
8.4.3.1.3. Industrial Machineries
8.4.3.1.4. Aviation
8.4.3.1.5. Automobiles
8.4.3.1.6. Medical Equipment
8.4.3.1.7. Agriculture Equipment
8.4.3.1.8. Construction Equipment
8.4.3.1.9. Others
8.4.4. South Korea
8.4.4.1. Market Analysis, Insights and Forecast – By End Use
8.4.4.1.1. Consumer Electronics
8.4.4.1.2. Naval & Marine
8.4.4.1.3. Industrial Machineries
8.4.4.1.4. Aviation
8.4.4.1.5. Automobiles
8.4.4.1.6. Medical Equipment
8.4.4.1.7. Agriculture Equipment
8.4.4.1.8. Construction Equipment
8.4.4.1.9. Others
8.4.5. Australia
8.4.5.1. Market Analysis, Insights and Forecast – By End Use
8.4.5.1.1. Consumer Electronics
8.4.5.1.2. Naval & Marine
8.4.5.1.3. Industrial Machineries
8.4.5.1.4. Aviation
8.4.5.1.5. Automobiles
8.4.5.1.6. Medical Equipment
8.4.5.1.7. Agriculture Equipment
8.4.5.1.8. Construction Equipment
8.4.5.1.9. Others
8.4.6. Rest of Asia Pacific
8.4.6.1. Market Analysis, Insights and Forecast – By End Use
8.4.6.1.1. Consumer Electronics
8.4.6.1.2. Naval & Marine
8.4.6.1.3. Industrial Machineries
8.4.6.1.4. Aviation
8.4.6.1.5. Automobiles
8.4.6.1.6. Medical Equipment
8.4.6.1.7. Agriculture Equipment
8.4.6.1.8. Construction Equipment
8.4.6.1.9. Others
9. Middle East Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Equipment
9.1.1. Heat Exchangers
9.1.2. Compressors
9.1.3. Heat Pipes and Hoses
9.1.4. Evaporators
9.1.5. Pumps & Control Valves
9.1.6. Accumulators & Reservoirs
9.1.7. Purge / Fill Systems
9.1.8. Filters and Motor Controllers
9.1.9. Others
9.2. Market Analysis, Insights and Forecast – By End Use
9.2.1. Consumer Electronics
9.2.2. Naval & Marine
9.2.3. Industrial Machineries
9.2.4. Aviation
9.2.5. Automobiles
9.2.6. Medical Equipment
9.2.7. Agriculture Equipment
9.2.8. Construction Equipment
9.2.9. Others
9.3. Market Analysis, Insights and Forecast – By Technology
9.3.1. Active Cooling
9.3.2. Passive Cooling
9.4. Market Analysis – By Country
9.4.1. UAE
9.4.1.1. Market Analysis, Insights and Forecast – By End Use
9.4.1.1.1. Consumer Electronics
9.4.1.1.2. Naval & Marine
9.4.1.1.3. Industrial Machineries
9.4.1.1.4. Aviation
9.4.1.1.5. Automobiles
9.4.1.1.6. Medical Equipment
9.4.1.1.7. Agriculture Equipment
9.4.1.1.8. Construction Equipment
9.4.1.1.9. Others
9.4.2. Saudi Arabia
9.4.2.1. Market Analysis, Insights and Forecast – By End Use
9.4.2.1.1. Consumer Electronics
9.4.2.1.2. Naval & Marine
9.4.2.1.3. Industrial Machineries
9.4.2.1.4. Aviation
9.4.2.1.5. Automobiles
9.4.2.1.6. Medical Equipment
9.4.2.1.7. Agriculture Equipment
9.4.2.1.8. Construction Equipment
9.4.2.1.9. Others
9.4.3. Israel
9.4.3.1. Market Analysis, Insights and Forecast – By End Use
9.4.3.1.1. Consumer Electronics
9.4.3.1.2. Naval & Marine
9.4.3.1.3. Industrial Machineries
9.4.3.1.4. Aviation
9.4.3.1.5. Automobiles
9.4.3.1.6. Medical Equipment
9.4.3.1.7. Agriculture Equipment
9.4.3.1.8. Construction Equipment
9.4.3.1.9. Others
9.4.4. Rest of Middle East
9.4.4.1. Market Analysis, Insights and Forecast – By End Use
9.4.4.1.1. Consumer Electronics
9.4.4.1.2. Naval & Marine
9.4.4.1.3. Industrial Machineries
9.4.4.1.4. Aviation
9.4.4.1.5. Automobiles
9.4.4.1.6. Medical Equipment
9.4.4.1.7. Agriculture Equipment
9.4.4.1.8. Construction Equipment
9.4.4.1.9. Others
10. Rest of the World Thermal Management System Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Equipment
10.1.1. Heat Exchangers
10.1.2. Compressors
10.1.3. Heat Pipes and Hoses
10.1.4. Evaporators
10.1.5. Pumps & Control Valves
10.1.6. Accumulators & Reservoirs
10.1.7. Purge / Fill Systems
10.1.8. Filters and Motor Controllers
10.1.9. Others
10.2. Market Analysis, Insights and Forecast – By End Use
10.2.1. Consumer Electronics
10.2.2. Naval & Marine
10.2.3. Industrial Machineries
10.2.4. Aviation
10.2.5. Automobiles
10.2.6. Medical Equipment
10.2.7. Agriculture Equipment
10.2.8. Construction Equipment
10.2.9. Others
10.3. Market Analysis, Insights and Forecast – By Technology
10.3.1. Active Cooling
10.3.2. Passive Cooling
10.4. Market Analysis – By Sub-Region
10.4.1. Latin America
10.4.1.1. Market Analysis, Insights and Forecast – By End Use
10.4.1.1.1. Consumer Electronics
10.4.1.1.2. Naval & Marine
10.4.1.1.3. Industrial Machineries
10.4.1.1.4. Aviation
10.4.1.1.5. Automobiles
10.4.1.1.6. Medical Equipment
10.4.1.1.7. Agriculture Equipment
10.4.1.1.8. Construction Equipment
10.4.1.1.9. Others
10.4.2. Africa
10.4.2.1. Market Analysis, Insights and Forecast – By End Use
10.4.2.1.1. Consumer Electronics
10.4.2.1.2. Naval & Marine
10.4.2.1.3. Industrial Machineries
10.4.2.1.4. Aviation
10.4.2.1.5. Automobiles
10.4.2.1.6. Medical Equipment
10.4.2.1.7. Agriculture Equipment
10.4.2.1.8. Construction Equipment
10.4.2.1.9. Others
11. Competitive Analysis
11.1. Global Market Rank Analysis (2023)
11.2. Competition Dashboard
12. Company Profiles
12.1. Collins Aerospace
12.1.1. Company Overview
12.1.2. Business Overview
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Parker Hannifin Corp
12.2.1. Company Overview
12.2.2. Business Overview
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. AMETEK
12.3.1. Company Overview
12.3.2. Business Overview
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Honeywell International
12.4.1. Company Overview
12.4.2. Business Overview
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Advanced Cooling Technologies
12.5.1. Company Overview
12.5.2. Business Overview
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Boyd
12.6.1. Company Overview
12.6.2. Business Overview
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Sumitomo Precision Products
12.7.1. Company Overview
12.7.2. Business Overview
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. TAT Technologies
12.8.1. Company Overview
12.8.2. Business Overview
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Larid Thermal Systems
12.9.1. Company Overview
12.9.2. Business Overview
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Henkel
12.10.1. Company Overview
12.10.2. Business Overview
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
12.10.6. SWOT Analysis

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