According to a new report published by Allied Market Research, titled, "World Radiopharmaceuticals Market - Opportunities and Forecasts, 2014-2022", the world radiopharmaceuticals market is expected to generate revenue of $8,207 million by 2022. The diagnostics segment held a dominant share in the world radiopharmaceuticals market in 2015, and is expected to maintain its lead during the forecast period. Asia-Pacific is projected to continue to dominate the market throughout the forecast period.
Key findings of the study:
- Therapeutics segment is projected to be the fastest growing segment in the world radiopharmaceuticals market, registering a CAGR of 16.9% from 2016 to 2022.
- SPECT modality segment is expected to dominate the world radiopharmaceuticals market in 2015 and expected to retain its position throughout the study period.
- Thyroid application segment is expected to exhibit double-digit CAGR of 11%.
- Oncology application segment is expected to continue to lead the world radiopharmaceuticals market, accounting for close to 60% share by 2022.
- Asia-Pacific is projected to be the fastest growing radiopharmaceuticals market, registering a CAGR of 8.4%.
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Source: PRNewswire