Europe Nuclear Medicine Market Size & Outlook, 2023-2030

The nuclear medicine market in Europe is expected to reach a projected revenue of US$ 5,787.0 million by 2030. A compound annual growth rate of 11.4% is expected of Europe nuclear medicine market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,718.7
Forecast, 2030 (US$M)
$5,787.0
CAGR, 2024 - 2030
11.4%
Report Coverage
Europe

Europe nuclear medicine market, 2018-2030 (US$M)

Europe

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 2023USD 2,718.7 million
Market revenue in 2030USD 5,787.0 million
Growth rate11.4% (CAGR from 2023 to 2030)
Largest segmentDiagnostics
Fastest growing segmentTherapeutics
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDiagnostics, Therapeutics
Key market players worldwideGE 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 Companies

Name Profile # Employees HQ Website

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

  • Our clientele includes a mix of nuclear medicine market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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)

Europe nuclear medicine market size, by country, 2018-2030 (US$M)

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