Nuclear Medicine Therapy Market Size, Trends, Share, Growth, and Opportunity Forecast, 2025 – 2032 Global Industry Analysis By Type (Radioisotope Therapy, Peptide Receptor Radionuclide Therapy (PRRT), Radioimmunotherapy, and Brachytherapy), By Application (Cancer Treatment, Cardiovascular Disorders, Neurological Disorders, and Thyroid Disorders), By End-User (Hospitals, Diagnostic Centers, and Research Laboratories), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Region: Global
Published: April 2025
Report Code: CGNHLS1178
Pages: 240

Nuclear Medicine Therapy Market Report Overview

The Global Nuclear Medicine Therapy Market was valued at USD 2,346.22 million in 2024 and is anticipated to reach USD 7,227.22 million by 2032, expanding at a CAGR of 15.1% between 2025 and 2032.

Nuclear medicine therapy has emerged as a vital tool in modern healthcare, particularly in the diagnosis and treatment of various cancers, heart diseases, and neurological disorders. The global demand for these therapies is being driven by the rising prevalence of chronic diseases, which require specialized treatment options. Nuclear medicine offers precision targeting of tumors and other medical conditions using radiopharmaceuticals, reducing the risk of damage to surrounding healthy tissue. Additionally, advanced imaging technologies and the development of novel radiopharmaceuticals are significantly enhancing the effectiveness of these therapies. The integration of nuclear medicine with personalized medicine, particularly theranostics, is also a key growth driver. With ongoing advancements, the nuclear medicine therapy market is poised for substantial growth in the coming years.

How AI is Transforming Nuclear Medicine Therapy Market?

Artificial intelligence (AI) is revolutionizing the nuclear medicine therapy market by enhancing diagnostic accuracy, treatment planning, and patient outcomes. AI algorithms can efficiently analyze complex imaging data, leading to improved lesion detection and precise disease staging.For instance, AI-driven image analysis has been shown to enhance the detection of abnormalities that might be overlooked by human interpretation, thereby facilitating early intervention.

Furthermore, AI contributes to the development of novel radiopharmaceuticals by simulating molecular interactions, thus accelerating the design of targeted therapies.This integration of AI in radiopharmaceutical development enables the creation of compounds that specifically target diseased tissues while minimizing impact on healthy cells.

In treatment planning, AI assists in optimizing radiation dose calculations, ensuring effective therapy with reduced side effects.The incorporation of AI into nuclear medicine not only streamlines workflows but also supports the advancement of personalized medicine approaches, tailoring treatments to individual patient profiles.These technological advancements underscore the transformative impact of AI on the nuclear medicine therapy market.

"In 2024, a groundbreaking AI system was introduced that enhances the accuracy of diagnosing cancers through PET/CT scans. This AI tool has been shown to improve the detection of tumors by 30%, providing clinicians with better decision-making support in treatment planning."

Dynamics of the Nuclear Medicine Therapy Market

The nuclear medicine therapy market is influenced by several dynamic factors that shape its growth trajectory. These factors include technological advancements, the increasing prevalence of chronic diseases, and the growing focus on personalized treatment options. The integration of cutting-edge imaging technologies, such as AI-powered diagnostic tools, plays a critical role in enhancing the accuracy and efficiency of nuclear medicine therapies. Furthermore, the demand for radiopharmaceuticals, which are crucial for the treatment of various cancers and neurological conditions, is steadily increasing as new compounds with improved targeting capabilities are developed. Additionally, the rising preference for minimally invasive treatments and the ability to monitor treatment responses in real-time are driving the adoption of nuclear medicine therapies.

DRIVER:

Rising demand for targeted cancer therapies

The increasing global prevalence of cancer is one of the primary drivers for the growth of the nuclear medicine therapy market. According to recent statistics, cancer is the second leading cause of death worldwide, contributing to the rising demand for innovative and effective treatment options. Nuclear medicine therapies, particularly those involving radiopharmaceuticals, are gaining traction because of their ability to target tumors with high precision. This targeted approach minimizes the risk of damage to healthy tissue, making these therapies a preferred choice for oncologists. Moreover, the growing use of theranostics, which combines diagnostic imaging with targeted therapy, is further fueling the market’s expansion.

RESTRAINT:

High costs of radiopharmaceuticals and infrastructure limitations

One of the key restraints in the nuclear medicine therapy market is the high cost associated with radiopharmaceuticals. The production of these specialized compounds requires advanced facilities, trained personnel, and regulatory approvals, all of which contribute to the overall cost. This price barrier can limit access to nuclear medicine therapies, especially in low-income regions or developing countries. Additionally, the need for specialized equipment and infrastructure, such as nuclear reactors for the production of certain radiopharmaceuticals, further complicates widespread adoption and increases operational costs.

OPPORTUNITY:

Increasing demand for personalized medicine

The trend towards personalized medicine is providing a significant opportunity for growth in the nuclear medicine therapy market. Personalized treatments, which are tailored to an individual’s genetic, molecular, and clinical characteristics, are gaining momentum as they offer better outcomes and fewer side effects. Nuclear medicine is particularly well-suited to this approach, as therapies can be customized based on a patient’s specific condition, improving treatment efficacy. With advancements in genomics and molecular imaging, the ability to deliver personalized nuclear medicine therapies is expanding, presenting vast growth potential in the market.

CHALLENGE:

Limited availability of specialized radiopharmaceuticals

The limited availability and high production costs of radiopharmaceuticals pose a significant challenge to the nuclear medicine therapy market. These compounds have a short shelf life, and their production requires specialized facilities that are not widely available. This scarcity makes it difficult to meet the growing demand for these therapies, particularly in remote or underserved regions. Additionally, the logistics of transporting radiopharmaceuticals, which must be done under strict conditions, further complicates their distribution and availability, limiting the global reach of nuclear medicine therapies.

Nuclear Medicine Therapy Market Trends

Several key trends are shaping the nuclear medicine therapy market. The most significant trend is the increasing integration of AI and machine learning into nuclear medicine. AI-driven solutions are revolutionizing how imaging data is analyzed, helping to detect diseases earlier and more accurately than ever before. The use of AI in automating tasks such as image segmentation and tumor detection is improving workflow efficiency in nuclear medicine departments. Another major trend is the rise of theranostics, combining diagnostics with therapy. This approach allows for personalized treatment plans based on individual patient data, increasing treatment success rates and reducing side effects.

The demand for new and improved radiopharmaceuticals is also on the rise, with new compounds being developed to enhance targeting capabilities and reduce toxicity. Innovations in imaging technologies, including hybrid imaging techniques that combine PET and CT scans, are improving the accuracy of both diagnostics and therapy. Additionally, the growing emphasis on precision medicine is aligning with the capabilities of nuclear medicine, opening new opportunities for treating conditions like cancer and neurological diseases with highly targeted therapies. These trends are driving the ongoing growth and evolution of the nuclear medicine therapy market, offering more effective and personalized treatment options for patients worldwide.

Segmentation Analysis

The nuclear medicine therapy market is highly diversified, offering various types of therapies that cater to a wide array of medical conditions. This segmentation allows for more precise treatments, benefiting both healthcare providers and patients. Nuclear medicine therapies are primarily categorized by type, application, and end-user insights, with each segment showing unique growth patterns. Understanding these different categories provides deeper insights into market dynamics and helps identify trends influencing the sector. By focusing on specific types such as radioisotope therapy, peptide receptor radionuclide therapy (PRRT), radioimmunotherapy, and brachytherapy, the market continues to evolve. Additionally, applications such as cancer treatment, cardiovascular disorders, neurological disorders, and thyroid disorders are driving demand for tailored therapies. The end-users of nuclear medicine therapies, including hospitals, diagnostic centers, and research laboratories, further shape the market's growth trajectory as they contribute to innovations and broaden the reach of these therapies.

By Type

  • Radioisotope Therapy: Radioisotope therapy is one of the most commonly used types of nuclear medicine therapy. It involves the administration of radioactive isotopes that specifically target and treat diseases, including cancers. The therapy can be delivered orally, intravenously, or through direct injection into the target area. One of the key advantages of this therapy is its ability to target tumors or specific organs without causing significant damage to surrounding tissues. Radioisotope therapy is increasingly used for treating thyroid cancer, bone metastases, and certain types of lymphomas. Its popularity is growing as more isotopes are being developed to treat a wider range of cancers, which has significantly expanded its application in oncology.

  • Peptide Receptor Radionuclide Therapy (PRRT): PRRT is a targeted treatment method that utilizes radioactive peptides to treat cancers, primarily those associated with neuroendocrine tumors (NETs). By using peptides that bind specifically to receptors on the tumor cells, PRRT delivers radiation directly to the affected cells, minimizing damage to healthy tissues. This therapy is seeing rapid adoption due to its precision and the increasing number of neuroendocrine tumor cases worldwide. Clinical studies have shown that PRRT improves survival rates in patients with advanced-stage NETs, and the therapy is becoming a preferred choice in many oncology practices. Its role in treating rare cancers further drives its growth in the nuclear medicine sector.

  • Radioimmunotherapy: Radioimmunotherapy combines the specificity of antibodies with the cytotoxic effect of radiation, targeting cancer cells more effectively. This treatment is primarily used in oncology, particularly for non-Hodgkin lymphoma and other hematologic cancers. Radioimmunotherapy works by using monoclonal antibodies that bind to cancerous cells and deliver radiation directly to the tumor, thereby killing cancer cells while sparing surrounding healthy tissues. The therapy has shown promise in treating cancers that are resistant to traditional therapies, and its development continues to be a focus of research in nuclear medicine. The ongoing advancement of this treatment method is expected to contribute significantly to market growth.

  • Brachytherapy: Brachytherapy involves placing a radioactive source directly inside or very close to the tumor. This localized delivery of radiation provides high doses to the tumor while minimizing exposure to healthy tissues. Commonly used for prostate cancer, breast cancer, and cervical cancer, brachytherapy offers the advantage of precision in delivering radiation, which reduces side effects. With advancements in brachytherapy technologies, including the development of better radioactive isotopes and delivery methods, this therapy is increasingly being used in various types of cancers. Its efficiency and effectiveness make it a preferred choice in many cancer treatment centers, further bolstering its market growth.

By Application

  • Cancer Treatment: Nuclear medicine therapy plays a critical role in the treatment of cancer, providing patients with advanced treatment options that target tumors precisely. The primary applications of nuclear medicine in oncology include radioisotope therapy, radioimmunotherapy, and PRRT, which allow for targeted radiation delivery to cancer cells while sparing surrounding healthy tissues. These therapies are commonly used to treat various cancers, such as thyroid, prostate, breast, and colorectal cancers. The increasing incidence of cancer globally is driving the demand for these therapies. In fact, according to the World Health Organization (WHO), cancer is responsible for nearly 10 million deaths each year, further underlining the growing need for nuclear medicine-based treatments.

  • Cardiovascular Disorders: Nuclear medicine therapies are also employed in the treatment of cardiovascular disorders. These treatments include the use of radiopharmaceuticals to detect and treat conditions like coronary artery disease and myocardial infarction. One of the most common applications is the use of PET and SPECT imaging to assess blood flow and heart function, allowing for early diagnosis and more effective treatment planning. The rising prevalence of heart disease, particularly in aging populations, is expected to contribute to the demand for nuclear medicine therapies in the cardiovascular sector. According to the American Heart Association, cardiovascular diseases account for one in three deaths globally, highlighting the critical need for advanced treatments.

  • Neurological Disorders: In the treatment of neurological disorders, nuclear medicine therapies are used for both diagnostic and therapeutic purposes. Radiopharmaceuticals are increasingly being employed to diagnose conditions such as Alzheimer's disease, Parkinson's disease, and epilepsy. Additionally, therapies like PRRT are being explored for the treatment of neuroendocrine tumors affecting the brain and spinal cord. The use of radiotracers in imaging allows for the early detection of neurological diseases, facilitating timely intervention. With the growing incidence of neurological disorders, especially Alzheimer's, which affects millions globally, the nuclear medicine market is seeing significant opportunities in this application area.

  • Thyroid Disorders: Thyroid disorders, including thyroid cancer and hyperthyroidism, are another critical application for nuclear medicine therapies. Radioiodine therapy, a type of radioisotope therapy, is commonly used to treat both benign and malignant thyroid conditions. It works by administering radioactive iodine, which is absorbed by the thyroid gland, where it delivers radiation to destroy abnormal thyroid cells. This therapy is particularly effective for treating thyroid cancer and hyperthyroidism. As the prevalence of thyroid diseases rises worldwide, the demand for nuclear medicine therapies in this area continues to increase, providing significant market growth potential.

By End-User Insights

  • Hospitals: Hospitals are the largest end-users of nuclear medicine therapies, as they offer comprehensive diagnostic and treatment services for various medical conditions. Nuclear medicine plays a crucial role in hospitals, particularly in oncology, cardiology, and neurology departments, where advanced diagnostic imaging and treatment options are essential. With increasing investments in medical technologies and the growth of cancer, cardiovascular, and neurological treatments, hospitals continue to expand their nuclear medicine offerings. The demand for specialized services, such as PET and SPECT imaging, is also contributing to the growth of nuclear medicine departments within hospitals. This segment is expected to remain the dominant player in the nuclear medicine therapy market.

  • Diagnostic Centers: Diagnostic centers, which specialize in imaging and testing, are also significant end-users of nuclear medicine therapies. These centers employ nuclear medicine primarily for diagnostic purposes, using radiopharmaceuticals to identify various diseases, including cancer, cardiovascular conditions, and neurological disorders. As the need for accurate and early diagnosis continues to rise, diagnostic centers are increasingly adopting nuclear medicine technologies like PET and SPECT imaging to provide precise and timely results. The rise of outpatient imaging centers and the increasing preference for early disease detection are driving the growth of this segment.

  • Research Laboratories: Research laboratories play a crucial role in advancing the nuclear medicine therapy market by conducting studies that lead to the development of new radiopharmaceuticals and treatment methodologies. These labs are at the forefront of innovation, developing targeted therapies and improving imaging technologies. Collaborations between pharmaceutical companies, research institutions, and hospitals further support the growth of this segment. As research continues to uncover new applications of nuclear medicine, particularly in personalized and precision medicine, research laboratories are expected to drive significant breakthroughs in the market.

Region-Wise Market Insights

North America accounted for the largest market share in the nuclear medicine therapy market at 45% in 2024. However, the Asia-Pacific region is expected to register the fastest growth, expanding at a CAGR of 16.5% between 2025 and 2032.

North America remains the dominant region due to its well-established healthcare infrastructure, high adoption rates of advanced nuclear medicine technologies, and a large number of research and development initiatives. On the other hand, the Asia-Pacific region is experiencing rapid growth, driven by increasing investments in healthcare infrastructure, rising awareness about nuclear medicine therapies, and an aging population. Countries like China and India are emerging as key players, contributing to the overall market expansion. Additionally, advancements in radiopharmaceuticals and the increasing prevalence of diseases such as cancer and cardiovascular disorders are expected to fuel market growth in the region.

North America Nuclear Medicine Therapy Market Trends

The North American nuclear medicine therapy market is witnessing significant growth due to the increasing number of cancer cases and the widespread adoption of nuclear medicine therapies. The United States is a major contributor to the market, with advanced healthcare infrastructure and a robust regulatory environment supporting the use of nuclear medicine. Technological advancements in imaging and therapy, such as the development of targeted radiopharmaceuticals, are driving the growth of the market. Moreover, increasing investments in oncology research and collaborations between pharmaceutical companies and hospitals are expected to bolster the demand for nuclear medicine therapies. According to the American Cancer Society, cancer is the second leading cause of death in the U.S., further contributing to the rising demand for nuclear medicine therapies.

Europe Nuclear Medicine Therapy Market Trends

In Europe, the nuclear medicine therapy market is expanding rapidly, driven by the rising incidence of cancer, cardiovascular diseases, and neurological disorders. Countries like Germany, France, and the United Kingdom are at the forefront of adopting advanced nuclear medicine technologies. The demand for radiopharmaceuticals in the treatment of cancer, especially thyroid cancer and prostate cancer, is increasing. Furthermore, Europe's emphasis on personalized medicine and the growing trend of outpatient nuclear medicine services are expected to contribute to market growth. According to the European Society of Radiology, nuclear medicine plays a significant role in the diagnosis and treatment of several diseases, which is further accelerating the demand for these therapies in the region.

Asia-Pacific Nuclear Medicine Therapy Market Trends

The Asia-Pacific region is seeing rapid growth in the nuclear medicine therapy market, largely driven by the increasing prevalence of chronic diseases such as cancer and cardiovascular disorders. The rising healthcare expenditure in countries like China, India, and Japan is also supporting the adoption of advanced nuclear medicine therapies. The growing awareness of these therapies and the expansion of nuclear medicine services in both urban and rural areas are fueling market growth. In addition, the increasing number of hospitals and diagnostic centers offering nuclear medicine treatments, as well as the rising demand for radiopharmaceuticals, are contributing to the overall market expansion in this region. This region is expected to be a key growth driver for the global nuclear medicine therapy market over the coming years.

Middle East & Africa Nuclear Medicine Therapy Market Trends

The Middle East and Africa region are witnessing gradual yet steady growth in the nuclear medicine therapy market. Countries such as Saudi Arabia, the UAE, and South Africa are leading the adoption of nuclear medicine due to increasing investments in healthcare infrastructure and the growing prevalence of cancer and other chronic diseases. Additionally, government initiatives to improve healthcare systems and the rising demand for early diagnosis and personalized treatments are further driving the growth of the nuclear medicine market in this region. Hospitals and diagnostic centers in these countries are increasingly adopting advanced imaging technologies like PET and SPECT to cater to the growing patient population. The rising awareness and adoption of innovative treatment options are expected to significantly boost market growth in the coming years.

Market Competition Landscape

The nuclear medicine therapy market is highly competitive, with several global players contributing to its expansion. Companies in the market are focusing on technological advancements, such as the development of new radiopharmaceuticals and imaging technologies, to gain a competitive edge. In addition, strategic collaborations, partnerships, and mergers and acquisitions are common as companies aim to strengthen their market presence and expand their product portfolios. The competition is also driven by the increasing demand for targeted therapies in oncology, cardiology, and neurology, which has prompted companies to innovate and introduce more efficient treatments. Some of the leading players in the market are investing in research and development to introduce next-generation nuclear medicine therapies, positioning themselves for long-term growth. The rise in healthcare investments, especially in emerging markets like Asia-Pacific, is further intensifying competition among these companies.

Companies Profiled in the Nuclear Medicine Therapy Market Report

  • General Electric Company

  • Siemens Healthineers

  • Bayer AG

  • Thermo Fisher Scientific

  • Bracco Imaging S.p.A

  • Lantheus Medical Imaging, Inc.

  • Mallinckrodt Pharmaceuticals

  • Cardinal Health, Inc.

  • GE Healthcare

  • Advanced Accelerator Applications

Technology Insights for the Nuclear Medicine Therapy Market

The nuclear medicine therapy market is experiencing significant technological advancements that are enhancing diagnostic accuracy and treatment efficacy. One notable development is the integration of artificial intelligence (AI) in theranostics, which combines diagnostic and therapeutic capabilities. AI facilitates personalized treatment plans by enabling precise dosimetry calculations, organ and tumor identification, and outcome prediction based on molecular imaging data. This approach is revolutionizing the customization of radiopharmaceutical therapies, making them more effective and tailored to individual patient needs.

Another technological innovation is the development of advanced radiopharmaceuticals, such as those utilizing lead-212 isotopes. These radiopharmaceuticals offer potent alpha radiation, which is more effective in targeting and destroying cancer cells. The use of lead-212 isotopes addresses the challenges associated with supply shortages of other isotopes, ensuring a more reliable and sustainable supply chain for nuclear medicine therapies.

Additionally, the evolution of imaging technologies like positron emission tomography (PET) and single-photon emission computed tomography (SPECT) has significantly improved the precision of nuclear imaging. These advanced imaging modalities provide detailed anatomical and functional images, aiding in accurate diagnosis and treatment planning. The combination of these imaging techniques with AI-driven analysis further enhances the overall effectiveness of nuclear medicine therapies.

Furthermore, the expansion of theranostic applications is a key trend, where the same radiopharmaceuticals are used for both imaging and therapy. This approach streamlines treatment processes and improves patient outcomes by providing a holistic treatment strategy. The continuous innovation in these technologies is propelling the nuclear medicine therapy market toward more efficient and personalized healthcare solutions.

Recent Developments in the Global Nuclear Medicine Therapy Market

  • In June 2024, LAPP introduced the ETHERLINE® FD bioP Cat.5e, its first bio-based Ethernet cable produced in series. This sustainable variant features a bio-based outer sheath composed of 43% renewable raw materials, reducing the carbon footprint by 24% compared to traditional fossil-based TPU sheaths.

  • In October 2024, Sanofi invested $300 million for a 16% stake in OranoMed, a subsidiary of the French nuclear fuel company Orano. This partnership aims to develop a drug using radioactive lead isotopes for neuroendocrine tumors, with the drug receiving a breakthrough designation from the US FDA, enabling fast-tracked development.

  • In August 2024, Siemens Healthineers acquired the diagnostic arm of Advanced Accelerator Applications, specializing in producing radioactive chemicals used for cancer scans, for more than $224 million. This acquisition enhances Siemens' capabilities in nuclear medicine diagnostics.

  • In January 2024, Advanced Accelerator Applications announced plans to expand manufacturing capabilities and build additional radioligand therapy supply facilities in Sasayama, Japan, and Haiyan, Zhejiang, China. This expansion aims to meet the growing demand for targeted radioligand therapies in the Asia-Pacific region.

  • In March 2024, the European Union approved the combination of germanium (68Ge) chloride / gallium (68Ga) chloride for medical use, enhancing the availability of gallium-68 based PET scanning agents. This approval supports the localization of somatostatin receptor-positive neuroendocrine tumors in adults and children.

Scope of Nuclear Medicine Therapy Market Report

The scope of the Nuclear Medicine Therapy Market report encompasses a comprehensive analysis of the current market trends, technological advancements, and future growth prospects within the nuclear medicine therapy sector. The report delves into the various types of therapies, including radioisotope therapy, peptide receptor radionuclide therapy (PRRT), radioimmunotherapy, and brachytherapy, providing insights into their applications and market dynamics.

It examines the role of artificial intelligence in transforming nuclear medicine therapy, highlighting its impact on personalized treatment plans and improved patient outcomes. The report also explores the dynamics of the market, identifying key drivers such as the rising demand for pharmaceuticals, and addressing market restraints like the demand for refurbished equipment.

Furthermore, the report identifies emerging market opportunities, including the growth in personalized medicines, and discusses the challenges faced by the industry, such as rising costs and expenditures related to pharmaceutical manufacturing equipment. It also provides a detailed segmentation analysis, categorizing the market by type, application, and end-user insights, offering a clear understanding of the market landscape.

Regional market insights are also covered, with a focus on North America, Europe, Asia-Pacific, and the Middle East & Africa, highlighting the unique trends and growth drivers in each region. The report concludes with an overview of the competitive landscape, profiling major global market players and their strategies.

This comprehensive analysis serves as a valuable resource for stakeholders seeking to understand the current state and future prospects of the nuclear medicine therapy market, aiding in informed decision-making and strategic planning.

Nuclear Medicine Therapy Market Report Summary

Report Attribute/Metric Report Details

Market Revenue in 2024

USD 2,346.22 Million

Market Revenue in 2032

USD 7,227.22 Million

CAGR (2025 - 2032)

15.1%

Base Year 

 2024

Forecast Period

 2025 - 2032

Historic Period 

 2020 - 2024

Segments Covered

By Types

  • Radioisotope Therapy

  • Peptide Receptor Radionuclide Therapy (PRRT)

  • Radioimmunotherapy

  • Brachytherapy

By Application

  • Cancer Treatment

  • Cardiovascular Disorders

  • Neurological Disorders

  • Thyroid Disorders

By End-User

  • Hospitals

  • Diagnostic Centers

  • Research Laboratories

Key Report Deliverable

 Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Region Covered

 North America, Europe, Asia-Pacific, South America, Middle East, Africa

Key Players Analyzed

 General Electric Company, Siemens Healthineers, Bayer AG, Thermo Fisher Scientific, Bracco Imaging S.p.A, Lantheus Medical Imaging, Inc., Mallinckrodt Pharmaceuticals, Cardinal Health, Inc., GE Healthcare, Advanced Accelerator Applications

Customization & Pricing

 Available on Request (10% Customization is Free)

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