Medical Isotope Market Scope & Overview
There has been an immense growth in the patient suffering from heart disease and cancer this can be declared as the major factor because of which there is an increase in the demand for medical isotope practices. According to our analysis, isotopes play an important role in any medical procedures during treatment like therapy or imaging also during surgery use of the isotope is been done. The process of imaging with the help of isotopes is further divided into two sections i.e., SPECT and PET. Due to the rise in the demand for imaging techniques and the benefits associated with them, there has been a rise in the demand for the production of on-site isotopes. According to our experts, the two isotopes which are used in the medical field are Cobalt -60 and Iodine -125.
Analysis of Medical Isotope Market in CANADA.
Canada Medical Isotope market size for Canada was valued at USD 815.74 million in 2022 and is expected to reach USD 2.11 billion in 2030 and grow at a CAGR of 11.5 % over the forecast period of 2023-2030. The initiative taken by the government is the major driving factor for this particular field, also the rising prevalence of cancer patients and the major responsibility of treating them are the factors which contribute towards the growth of medical isotopes. The other factors which drive the medical isotopes market in Canada region include the rise in the aging population and the rise in the number of cancer and cardiovascular patients, also as we mentioned earlier the initiative taken by the government in favour of the medical industry and the advancement of the technologies and the initiatives of providing better facilities to the patients in Canada are the reasons because of which Canada is the leading country for the medical isotope market.
Impact of covid 19
Covid 19 affected almost every industry, healthcare was one of them. The factors which impacted negatively on the medical isotopes market during the covid 19 were the lockdown rules imposed by the government which further led to the disruption of supply chain management and shortage of production on-site, the other factors which had a negative impact on the medical isotope during the covid 19 was the economic instability of the nations and individuals. As we all know the whole medical industry was busy with the covid patients it was hard to prioritize the treatment of patients suffering from other disease. Also, the lack of staff in the healthcare industry all around the globe made it difficult to deal with the treatment procedure on the early basis.
Rise in the number of cardiovascular patients and cancer patients all around the globe.
Rise in the geriatric population
Lack of awareness in the developed countries.
The government support and initiative to provide good facilities to the patients.
The technological advancement in the healthcare industry .
Lack of skilled professionals and the accuracy factor in imaging.
Impact of Russia Ukraine War
The Russia-Ukraine war is said to have a negative effect on the medical isotope market due to the disruption caused by the war in the global supply chain management, also the displacement of the citizens living in those regions which included skill full medical experts has caused a lack of professionals which will surely have a negative impact on the medical isotope market. The other factors include the fear of the investors to invest in the healthcare industry in those regions also the other European nations will suffer issues like shortage in the production on-site due to the shortage of supply from Ukraine and Russia-based manufacturers.
Impact of the ongoing recession
The recession affects the economic conditions globally and on an individual level as well, recession will cause changes like changes in the buying pattern of the people and the change in the decision-making perspective. Recessions bring issues like changes in the exchange rate, demand and supply and also the transportation factor which will lead to price fluctuation. According to our experts and the analysis of the previous recession, it was observed that recession has a negative impact on people's perceptions people usually neglect small symptoms and show up to the hospital only in emergency cases. This leads to the conclusion that the recession will have a negative impact on the medical isotope market due to economic scenarios and the shift in the perspective of the people during the recession. This report will give you a piece of exact brief information about the impact of the ongoing recession on the medical isotope market.
North America is said to be the region that dominates the medical isotope market and will keep doing the same during the forecasted period, the major countries like Canada USA have been the major contribution counties towards the growth of the medical isotope market, factors like the rise in the cardiovascular disease all around the developed countries of North America due to the stressful work routines and unhealthy lifestyle is said to be the driving factor also the initiatives taken by the government regarding the technological advancement and the element of providing better healthcare and medical treatment facilities to the citizens is also the important factor which is considered to be the driving factor for medical isotope market.
Europe has also contributed to the growth of the medical isotope market due to the rise in the demand for PET isotopes which are used for imaging, the rise in the awareness of the benefits of the use of isotopes in the medical field in emerging countries, and developed countries of Europe is said to be the driving factor.
The major key players are ISOTEC, Nippon Sanso, Cambridge Isotope Laboratories, Centre of molecular research, LANL, ORNL, HISO, NHTC,3M, ANSTO, Nordion, Wosotop, Urenco, LINDE, IRE, Curium Pharma, NRG, Eckert Ziegler Strahlen.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Isotope Market Segmentation, by Type
9. Medical Isotope Market Segmentation, by Application
9.2 Scientific Research
10. Regional Analysis
10.2 North America
10.2.1.1 USA Medical Isotope Market by Type
10.2.1.2 USA Medical Isotope Market by Application
10.2.2.1 Canada Medical Isotope Market by Type
10.2.2.2 Canada Medical Isotope Market by Application
10.2.3.1 Mexico Medical Isotope Market by Type
10.2.3.2 Mexico Medical Isotope Market by Application
10.3.1.1 Germany Medical Isotope Market by Type
10.3.1.2 Germany Medical Isotope Market by Application
10.3.2.1 UK Medical Isotope Market by Type
10.3.2.2 UK Medical Isotope Market by Application
10.3.3.1 France Medical Isotope Market by Type
10.3.3.2 France Medical Isotope Market by Application
10.3.4.1 Italy Medical Isotope Market by Type
10.3.4.2 Italy Medical Isotope Market by Application
10.3.5.1 Spain Medical Isotope Market by Type
10.3.5.2 Spain Medical Isotope Market by Application
10.3.6 The Netherlands
10.3.6.1 Netherlands Medical Isotope Market by Type
10.3.6.2 Netherlands Medical Isotope Market by Application
10.3.7 Rest of Europe
10.3.7.1 Rest of Europe Medical Isotope Market by Type
10.3.7.2 Rest of Europe Medical Isotope Market by Application
10.4.1.1 Japan Medical Isotope Market by Type
10.4.1.2 Japan Medical Isotope Market by Application
10.4.2 South Korea
10.4.2.1 South Korea Medical Isotope Market by Type
10.4.2.2 South Korea Medical Isotope Market by Application
10.4.3.1 China Medical Isotope Market by Type
10.4.3.2 China Medical Isotope Market by Application
10.4.4.1 India Medical Isotope Market by Type
10.4.4.2 India Medical Isotope Market by Application
10.4.5.1 Australia Medical Isotope Market by Type
10.4.5.2 Australia Medical Isotope Market by Application
10.4.6 Rest of Asia-Pacific
10.4.6.1 APAC Medical Isotope Market by Type
10.4.6.2 APAC Medical Isotope Market by Application
10.5 The Middle East & Africa
10.5.1.1 Israel Medical Isotope Market by Type
10.5.1.2 Israel Medical Isotope Market by Application
10.5.2.1 UAE Medical Isotope Market by Type
10.5.2.2 UAE Medical Isotope Market by Application
10.5.3 South Africa
10.5.3.1 South Africa Medical Isotope Market by Type
10.5.3.2 South Africa Medical Isotope Market by Application
10.5.4 Rest of Middle East & Africa
10.5.4.1 Rest of Middle East & Asia Medical Isotope Market by Type
10.5.4.2 Rest of Middle East & Asia Medical Isotope Market by Application
10.6 Latin America
10.6.1.1 Brazil Medical Isotope Market by Type
10.6.1.2 Brazil Africa Medical Isotope Market by Application
10.6.2.1 Argentina Medical Isotope Market by Type
10.6.2.2 Argentina Medical Isotope Market by Application
10.6.3 Rest of Latin America
10.6.3.1 Rest of Latin America Medical Isotope Market by Type
10.6.3.2 Rest of Latin America Medical Isotope Market by Application
11 Company Profile
11.1.1 Market Overview
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Nippon Sanso
11.2.1 Market Overview
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3. Cambridge Isotope Laboratories
11.3.1 Market Overview
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Centre of molecular research
11.4.1 Market Overview
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5.1 Market Overview
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6.1 Market Overview
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7.1 Market Overview
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8.1 Market Overview
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9.1 Market Overview
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10.1 Market Overview
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11.1 Market Overview
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12.1 Market Overview
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13.1 Market Overview
11.13.4 SWOT Analysis
11.13.5 The SNS View
11.14.1 Market Overview
11.14.4 SWOT Analysis
11.14.5 The SNS View
11.15.1 Market Overview
11.15.4 SWOT Analysis
11.15.5 The SNS View
11.16 Curium Pharma
11.16.1 Market Overview
11.16.4 SWOT Analysis
11.16.5 The SNS View
11.17.1 Market Overview
11.17.4 SWOT Analysis
11.17.5 The SNS View
11.18 , Eckert Ziegler Strahlen
11.18.1 Market Overview
11.18.4 SWOT Analysis
11.18.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
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