Brazil Nuclear Medicine Market Size & Outlook, 2023-2030
Brazil nuclear medicine market, 2018-2030 (US$M)
Related Markets
Brazil nuclear medicine market highlights
- The Brazil nuclear medicine market generated a revenue of USD 195.0 million in 2023 and is expected to reach USD 369.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, diagnostics was the largest revenue generating product in 2023.
- Therapeutics is the most lucrative product segment registering the fastest growth during the forecast period.
Nuclear medicine market data book summary
| Market revenue in 2023 | USD 195.0 million |
| Market revenue in 2030 | USD 369.3 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostics |
| Fastest growing segment | Therapeutics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Jubilant Pharmova, Nordion, Bracco, Iren SpA, Abliva AB, Lantheus Holdings Inc, Eckert & Ziegler Bebig SA, Mallinckrodt PLC Ordinary Shares - New, Cardinal Health Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.9% of the global nuclear medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nuclear medicine market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 218.4 million by 2030.
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Nuclear Medicine Market Scope
Nuclear Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 78.36% in 2023. Horizon Databook has segmented the Brazil nuclear medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Development of new nuclear reactors for the production of Mo-99 is expected to boost market growth in Brazil. The Brazilian Multipurpose Research Reactor (RMB) is expected to start its operation by 2023 and is likely to produce 1,000 six-day Ci/week of Mo-99. Increasing number of government initiatives, such as funding and awareness programs, is expected to drive the market in Brazil.
For instance, in July 2018, Brazil-based Sociedade Brasileira de Medicina Nuclear (SBMN) signed an agreement with IAEA to provide training to radiopharmaceuticals specialists in Latin America and the Caribbean (LAC) region. Presence of research centers developing radiopharmaceuticals using nuclear reactor is expected to boost market growth.
IPEN (The Nuclear and Energy Research Institute) is a government agency—associated with the Ministry of Economic Development, Science, Technology and Innovation as well as managed technically & administratively by the CNEN (National Nuclear Energy Commission), which is an agency of MCTI (the Ministry of science, technology and innovation of Brazil)—that helps extend the benefits of nuclear energy to larger segments of population.
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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 country-level data and insights on the Brazil nuclear medicine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil nuclear medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil nuclear medicine market size, by product, 2018-2030 (US$M)
Brazil Nuclear Medicine Market Outlook Share, 2023 & 2030 (US$M)
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