Canada Nuclear Medicine Market Size & Outlook, 2023-2030
Canada nuclear medicine market, 2018-2030 (US$M)
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Canada nuclear medicine market highlights
- The Canada nuclear medicine market generated a revenue of USD 421.3 million in 2023 and is expected to reach USD 1,133.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.2% 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 421.3 million |
| Market revenue in 2030 | USD 1,133.1 million |
| Growth rate | 15.2% (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, Canada accounted for 4.1% 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 North America, U.S. nuclear medicine market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,133.1 million by 2030.
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Nuclear Medicine Market Scope
Nuclear Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 77.5% in 2023. Horizon Databook has segmented the Canada nuclear medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is the largest exporter of uranium and nuclear technology, which now forms the backbone of nuclear medicines and imaging studies. However, in October 2016, Chalk River’s NRU reactor stopped the production of medical isotopes, thereby leading to a shortage of Tc-99m.
For instance, in November 2018, the federal government contributed over USD 10 million for the construction of a nuclear medicine building on the TRIUMF research facility campus, the Institute for Advanced Medical Isotopes (IAMI), to begin production of Tc-99 and other medical isotopes.
For instance, in 2018, Bruce Power announced its plans to produce High Specific Activity (HAS) cobalt, which is used for the treatment of brain tumors. Thus, the abovementioned factors are expected to fuel market growth in this country during the forecast period.
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Our clientele includes a mix of nuclear medicine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nuclear medicine market , including forecasts for subscribers. This country databook contains high-level insights into Canada nuclear medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nuclear medicine market size, by product, 2018-2030 (US$M)
Canada Nuclear Medicine Market Outlook Share, 2023 & 2030 (US$M)
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