Global Nuclear Medicine Market Size & Outlook, 2023-2030
Global nuclear medicine market, 2018-2030 (US$M)
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Global nuclear medicine market highlights
- The global nuclear medicine market generated a revenue of USD 10,251.2 million in 2023 and is expected to reach USD 22,671.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12% by 2030.
- In terms of segment, diagnostics accounted for a revenue of USD 7,320.9 million in 2023.
- Therapeutics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,251.2 million |
| Market revenue in 2030 | USD 22,671.3 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostics |
| Fastest growing segment | Therapeutics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
Other key industry trends
- In terms of revenue, the North America accounted for 46.4% of the global nuclear medicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 97.1 million by 2030.
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Nuclear Medicine Market Scope
Nuclear Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global nuclear medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nuclear medicine market will help companies and investors design strategic landscapes.
Diagnostics was the largest segment with a revenue share of 71.42% in 2023. Horizon Databook has segmented the Global nuclear medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for early accurate diagnosis of diseases, coupled with growing demand for enhanced therapies, is expected to fuel the market. According to Globo can the number of new cancer cases is anticipated to reach 28.4 million within the next two decades, with a rise of 47% from 2020, owing to adoption of western lifestyle, high consumption of alcohol, smoking, poor diet choices, and physical inactivity.
In addition, according to the American Cancer Society, in 2021, 281,550 new cases of breast cancer are estimated to be diagnosed, and around 49,290 new cases of Ductal Carcinoma In Situ (DCIS) cases are expected to occur in the U.S. National Cancer Institute Surveillance Epidemiology and End Results (SEER) Database, 38% of women and 43% of men are estimated to develop cancer during their lifetime.
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Our clientele includes a mix of nuclear medicine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global nuclear medicine market , including forecasts for subscribers. This global databook contains high-level insights into Global nuclear medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global nuclear medicine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Nuclear medicine market size, 2023 (US$M)
Global nuclear medicine market share, by product, 2023 & 2030 (%, US$M)
Nuclear medicine market: Opportunity assessment by country
Global nuclear medicine market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,536.3 | 3,748.2 | 3,782.6 | 3,923.7 | 4,241.8 | 4,761.0 | 5,595.2 | 7,040.6 | 8,031.2 | 8,989.5 | 9,938.0 | 10,847.2 | 11,566.3 | 13.5% |
| Europe | 2,020.7 | 2,163.8 | 2,184.5 | 2,331.3 | 2,509.3 | 2,718.7 | 3,010.2 | 3,378.3 | 3,848.0 | 4,313.2 | 4,800.8 | 5,288.2 | 5,787.0 | 11.4% |
| Asia Pacific | 1,467.7 | 1,452.4 | 1,534.7 | 1,668.1 | 1,781.2 | 1,908.3 | 2,066.8 | 2,267.9 | 2,523.1 | 2,867.5 | 3,180.2 | 3,446.6 | 3,756.7 | 10.2% |
| Latin America | 403.8 | 398.3 | 409.5 | 446.5 | 474.1 | 504.3 | 539.8 | 578.3 | 634.1 | 731.5 | 809.8 | 875.9 | 948.1 | 9.4% |
| MEA | 300.6 | 298.2 | 302.3 | 321.6 | 340.6 | 359.0 | 381.0 | 402.1 | 430.9 | 471.6 | 530.2 | 573.0 | 613.3 | 8.0% |
| Overall | 7,729.1 | 8,060.9 | 8,213.5 | 8,691.2 | 9,347.0 | 10,251.2 | 11,592.9 | 13,667.2 | 15,467.3 | 17,373.2 | 19,259.0 | 21,030.9 | 22,671.3 | 12.0% |
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