Nuclear Medicine Market size was over USD 12.94 billion in 2024 and is set to cross USD 143.71 billion by the end of 2037, growing at more than 20.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nuclear medicine is estimated at USD 15.04 billion.
The growth of the market can be attributed to growing cases of cancer all around the globe. According to the World Health Organization, cancer is the largest cause of mortality in the globe, accounting for over 10 million deaths in 2020, or roughly one in every six.
Radiopharmaceuticals are formulations that are used in diagnosis and therapeutics. Beside, being beneficial in treating cancer, they are also used in treatment of cardiac and neurological disorders. Therefore, the growing prevalence of neurological disorders is also expected to boost the growth of the market. According to PAN American Health Organization, neurological illnesses are responsible for 8.2 million YLDs, 3.1 million YLLs in men, and 5.1 million YLLs in women in the region in 2019.
Author Credits: Radhika Pawar
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