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The global radiopharmaceuticals market size was valued at USD 7.65 Billion in 2025. The market is expected to grow at a compound annual growth rate (CAGR) of 8.30% from 2026 to 2035 and is expected to reach USD 16.98 Billion by 2035. The radiopharmaceuticals industry is projected to expand steadily, driven by advances in the medical isotopes market and nuclear medicine market.
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In May 2024, Nucleus RadioPharma collaborated with ARTBIO to produce Pb212-radiolabeled prostate cancer therapies, expediting clinical trials. These strategic alliances are aimed at strengthening radiopharmaceutical supply chains, fueling market expansion.
In April 2024, PharmaLogic inaugurated a radiopharmaceutical facility in Cincinnati, enhancing production and research. Such investments improve patient access to advanced radiopharmaceuticals, driving market growth.
Rising preference for precision medicine fuels demand for radiopharmaceuticals, enabling highly targeted cancer treatments. This enhances therapeutic efficacy, minimizes side effects, and drives industry innovation.
Technological progress in PET and SPECT imaging boosts early disease detection. Improved diagnostic accuracy increases demand for radiotracers, strengthening market expansion and driving research investments.
One of the major market trends include the rising adoption of alpha-emitting radiopharmaceuticals to offer superior tumor-killing potential with minimal damage to healthy tissues. They are in use for treating metastatic cancers and are reshaping treatment protocols and boosting market growth.
Companies are centralizing radiopharmaceutical production to streamline logistics and enhance regulatory compliance. This reduces costs, improves drug availability, and fosters market efficiency.
Key market players, including CDMOs, biotech firms, and pharmaceutical giants, are advancing radiopharmaceuticals through strategic partnerships, R&D investments, and acquisitions, shaping market competitiveness and treatment accessibility.
North America is expected to lead the market share with robust R&D, high adoption rates, and strong regulatory support. Europe follows with increasing investments, while Asia-Pacific shows rapid growth due to rising cancer prevalence and healthcare advancements.
Key players in the market drive innovation through collaborations, acquisitions, and research, enhancing diagnostic imaging and expanding global access to advanced molecular imaging solutions. Some major players include:
Bayer AG - Bayer AG, founded in 1863 and headquartered in Leverkusen, Germany, is a global pharmaceutical leader. In the radiopharmaceuticals market, Bayer is pioneering targeted radionuclide therapies. In May 2024, it launched a Phase I trial for 225Ac-PSMA-Trillium, a next-generation alpha therapy for metastatic castration-resistant prostate cancer, reinforcing its commitment to precision oncology.
Jubilant Pharmova Limited - Jubilant Pharmova Limited, an Indian company, was established in 1978. It plays a significant role in the radiopharmaceuticals market through Jubilant Radiopharma, its U.S.-based business segment. With an extensive radiopharmacy network, it enhances nuclear medicine services, offering FDA-approved radiopharmaceuticals and diagnostic solutions. In October 2024, it partnered with Simplified Imaging Solutions to launch the first comprehensive nuclear medicine solution in the U.S., streamlining lab operations and improving efficiency.
Novartis AG - Founded in 1996 and headquartered in Basel, Switzerland, Novartis AG is a global pharmaceutical leader. It pioneered radioligand therapy (RLT), transforming cancer care. In March 2025, the FDA approved Pluvicto, an intravenous radioligand therapy for earlier use in prostate-specific membrane antigen (PSMA)-positive metastatic prostate cancer. This underscores Novartis’s commitment to advancing precision oncology and expanding treatment options for patients worldwide.
General Electric Company - General Electric Company, headquartered in Boston, Massachusetts, is a global leader in healthcare technology. In March 2025, GE HealthCare acquired full ownership of Nihon Medi-Physics, a leading radiopharmaceutical company in Japan. This acquisition strengthens its position in molecular imaging, enhancing diagnostic capabilities in neurology, cardiology, and oncology.
Other players in the market are Iso-Tex Diagnostics, Inc., Lantheus Holdings, Inc., Eli Lilly and Company, Siemens AG, Curium Pharma and Cardinal Health Inc. etc.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the radiopharmaceuticals market was valued at approximately USD 7.65 Billion which is likely to reach a value of USD 16.98 Billion by 2035.
The market is projected to grow at a compound annual growth rate (CAGR) of 8.30% during the forecast period from 2026 to 2035.
Key players in the market include Bayer AG, Iso-Tex Diagnostics, Inc., Jubilant Pharmova Limited, Novartis AG, General Electric Company, Lantheus Holdings, Inc., Eli Lilly and Company, Siemens AG, Cardinal Health Inc., and Curium Pharma, among others.
Various factors driving the market growth are increasing demand for positron emission tomography and single-photon emission computed tomography imaging, rising cancer and cardiac disorder cases, and advancements in radiotracers.
North America is expected to lead the market in the forecast period.
Radiopharmaceuticals are essential in cancer diagnosis and therapy, neurology for brain imaging, and cardiology for heart function assessment, among other applications.
Hospitals, diagnostic imaging centers, research and academic institutes, and others are the major end-users in the radiopharmaceuticals market.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124