Global Iodine-131 Market Growth 2025-2031

Global Iodine-131 Market Growth 2025-2031

The global Iodine-131 market size is predicted to grow from US$ 1.9 million in 2025 to US$ 2.6 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.

Iodine-131 is a radioactive isotope that has radioactive decay properties and is used primarily in medical and industrial applications. It is often used in medicine to treat thyroid diseases such as hyperthyroidism and thyroid cancer by targeting radioactive iodine to thyroid tissue through oral or injection. In addition, iodine-131 is also used in radiotracing studies and diagnostics. In industry, it is used to detect and measure the performance of equipment. The half-life of iodine-131 is about 8 days, making it very effective in short-term treatments.

The global key manufacturers of Iodine-131 include Jubilant DraxImage, NTP and IRE - IRE ELiT, etc, top 3 manufacturers hold a share approximately 62%. Jubilant DraxImage is the world's largest Iodine-131 manufacturer, with a market share of more than 25%. North America, Europe and Asia-Pacific are the major Iodine-131 market, they have a market share of more than 90%. North America is the largest market with a share of 35%. In terms of product type, Solution is the largest market segment with a share of more than 68%. In terms of applications, Medical Use is the largest downstream segment, with a market share of about 86%.

LP Information, Inc. (LPI) ' newest research report, the “Iodine-131 Industry Forecast” looks at past sales and reviews total world Iodine-131 sales in 2024, providing a comprehensive analysis by region and market sector of projected Iodine-131 sales for 2025 through 2031. With Iodine-131 sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Iodine-131 industry.

This Insight Report provides a comprehensive analysis of the global Iodine-131 landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Iodine-131 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Iodine-131 market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Iodine-131 and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Iodine-131.

This report presents a comprehensive overview, market shares, and growth opportunities of Iodine-131 market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Solution
Capsule

Segmentation by Application:
Medical Use
Industrial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Jubilant DraxImage
NTP
IRE - IRE ELiT
POLATOM
Isotope JSC
Nordion

Key Questions Addressed in this Report

What is the 10-year outlook for the global Iodine-131 market?

What factors are driving Iodine-131 market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Iodine-131 market opportunities vary by end market size?

How does Iodine-131 break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.