Europe Nuclear Medicine Market Size & Outlook, 2023-2030
Europe nuclear medicine market, 2018-2030 (US$M)
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Europe nuclear medicine market highlights
- The Europe nuclear medicine market generated a revenue of USD 2,718.7 million in 2023.
- The market is expected to grow at a CAGR of 11.4% 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.
- Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,718.7 million |
| Market revenue in 2030 | USD 5,787.0 million |
| Growth rate | 11.4% (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 |
| 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, Europe region accounted for 26.5% of the global nuclear medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,566.3 million by 2030.
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Nuclear Medicine Market Scope
Nuclear Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 71.6% in 2023. Horizon Databook has segmented the Europe nuclear medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Europe holds the second largest share of the market owing to factors such as rising prevalence of cancer and growing geriatric population, which is highly susceptible to cardiovascular and neurological disorders.
In addition, introduction of new isotopes for diagnostic (Ga-67/Ge-68) and therapeutic (Sr-90/Y-90 or W188/Re-188) purposes is expected to accelerate market growth in Europe during the forecast period. Radioisotopes are widely used in Europe for the diagnosis and treatment of cancer, cardiovascular diseases, & others.
Nuclear medicine has shown major potential in the treatment of cancer and cardiovascular diseases. According to WHO, in Europe, approximately 3.7 million new cancer cases reported each year, making it the second leading cause of death and morbidity.
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Target buyers of Europe nuclear medicine market databook
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Our clientele includes a mix of nuclear medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Europe nuclear medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nuclear medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe nuclear medicine market size, by country, 2018-2030 (US$M)
Europe Nuclear Medicine Market Outlook Share, 2023 & 2030 (US$M)
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