Global Molybdenum-99 and Technetium-99m Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Molybdenum-99 and Technetium-99m market size was valued at US$ 365 million in 2024 and is forecast to a readjusted size of USD 499 million by 2031 with a CAGR of 4.8% during review period.

Molybdenum-99 (Mo-99) is the parent of Technetium-99m (Tc-99m), the most widely applied isotope in nuclear medicine diagnostics today. Its short 6-hour half-life and the amount of emitted energy (140 keV) make Tc-99m a perfect imaging agent. Mo-99 is essential in Technetium generator manufacturing.

The Mo-99 market is characterized by high supplier concentration. Major producers such as NRG, IRE, ANSTO, NTP Radioisotopes, and Rosatom dominate the market. These companies leverage high-flux reactors and sophisticated processing facilities to produce Mo-99, which is then distributed globally. In 2023, the world's top five vendors accounted for 91.15 % of the revenue. This concentration can create vulnerabilities in the supply chain, particularly when technical or regulatory issues arise at key facilities.

Geographically, North America are the largest consumer of Mo-99, holding a market share of 51.64% in 2023. The U.S., despite its lack of domestic Mo-99 production since the late 1980s, remains a major importer of this isotope from countries such as Australia, Canada, Europe, and South Africa. Europe follows as the second-largest market with a 22.23% share, while the Asia-Pacific, particularly China, is emerging as the fastest-growing market.

One of the most significant trends affecting the Mo-99 market is the global transition from highly enriched uranium (HEU) to low-enriched uranium (LEU) in production processes. This shift is driven by international agreements aimed at reducing the proliferation risks associated with HEU. The United States, a major consumer of Mo-99, has been at the forefront of this transition, initiating the conversion of reactors and associated facilities from HEU to LEU since the late 1970s. By 2017, the U.S. officially excluded Mo-99 produced with HEU from its market, a move that was met with considerable response from major Mo-99 producers.

The global transition from HEU to LEU in Mo-99 production is set to be completed by 2026.

This transition has led to a significant increase in the production of Mo-99 using LEU. As of 2023, Mo-99 produced with LEU accounted for 94.48% of the global market. And the market segment for LEU-based Mo-99 is expected to continue expanding, which will occupy the entire market.

Looking ahead, the Molybdenum-99 (Mo-99) market is poised for significant evolution driven by several key trends. Technological advancements in reactor design and isotope processing will enhance production efficiency and safety, while innovations in waste management, such as Synroc® technology, address environmental concerns. Regulatory changes, particularly those related to non-proliferation and environmental protection, will continue to influence production practices. Moreover, the expanding healthcare infrastructure in developing regions, especially in APAC, will drive increased demand for Mo-99, presenting substantial growth opportunities.

With ongoing investments in technology and infrastructure, coupled with a focus on sustainability, the Mo-99 market is poised for continued growth and development in the coming years.

This report is a detailed and comprehensive analysis for global Molybdenum-99 and Technetium-99m market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Production Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Molybdenum-99 and Technetium-99m market size and forecasts, in consumption value ($ Million), sales quantity (K Curie), and average selling prices (US$/Curie), 2020-2031

Global Molybdenum-99 and Technetium-99m market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Curie), and average selling prices (US$/Curie), 2020-2031

Global Molybdenum-99 and Technetium-99m market size and forecasts, by Production Type and by Application, in consumption value ($ Million), sales quantity (K Curie), and average selling prices (US$/Curie), 2020-2031

Global Molybdenum-99 and Technetium-99m market shares of main players, shipments in revenue ($ Million), sales quantity (K Curie), and ASP (US$/Curie), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Molybdenum-99 and Technetium-99m

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Molybdenum-99 and Technetium-99m market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NRG, IRE, ANSTO, NTP, Rosatom, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Molybdenum-99 and Technetium-99m market is split by Production Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Production Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Production Type
Produced by HEU
Produced by LEU

Market segment by Application
Medical Imaging
Others

Major players covered
NRG
IRE
ANSTO
NTP
Rosatom

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Molybdenum-99 and Technetium-99m product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Molybdenum-99 and Technetium-99m, with price, sales quantity, revenue, and global market share of Molybdenum-99 and Technetium-99m from 2020 to 2025.

Chapter 3, the Molybdenum-99 and Technetium-99m competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Molybdenum-99 and Technetium-99m breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Production Type and by Application, with sales market share and growth rate by Production Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Molybdenum-99 and Technetium-99m market forecast, by regions, by Production Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Molybdenum-99 and Technetium-99m.

Chapter 14 and 15, to describe Molybdenum-99 and Technetium-99m sales channel, distributors, customers, research findings and conclusion.