Global Molybdenum-99 Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Isotopic Application;

Gamma Camera and SPECT.

By End User;

Hospitals and Diagnostic Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn382366780 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Molybdenum-99 Market (USD Million), 2021 - 2031

In the year 2024, the Global Molybdenum-99 Market was valued at USD 546.68 million. The size of this market is expected to increase to USD 716.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Global Molybdenum-99 Market plays a critical role in nuclear medicine, serving as a key radioisotope for medical imaging procedures worldwide. Molybdenum-99 (Mo-99) is the parent isotope of technetium-99m (Tc-99m), which is widely used in diagnostic imaging for procedures such as single-photon emission computed tomography (SPECT) and myocardial perfusion imaging. Tc-99m is highly valued for its favorable imaging characteristics, including its short half-life and ability to emit gamma rays suitable for medical imaging. The production and distribution of Mo-99 are thus essential for ensuring a stable and reliable supply of Tc-99m to healthcare facilities globally.

The Mo-99 market is characterized by a complex supply chain involving nuclear reactors or cyclotrons for production, followed by processing and distribution networks to deliver the isotope to end-users. Nuclear reactors are the primary source of Mo-99 production, utilizing the neutron irradiation of molybdenum-98 targets to produce Mo-99. The reliability of reactor-based production has been a concern due to reactor shutdowns, maintenance issues, and geopolitical factors affecting the availability of enriched uranium targets. In recent years, efforts have been made to diversify Mo-99 production methods, including the development of alternative production technologies such as cyclotron-based production, which offers potential advantages in terms of flexibility and reliability.

The global demand for Mo-99 continues to grow steadily, driven by the increasing prevalence of cardiovascular diseases, cancer, and other medical conditions requiring diagnostic imaging. The expanding applications of nuclear medicine, coupled with advancements in imaging technology and radiopharmaceutical development, further contribute to the rising demand for Mo-99. Challenges persist in ensuring a sustainable supply of Mo-99 to meet the growing demand, prompting ongoing investments in production infrastructure, supply chain optimization, and technological innovation. Addressing these challenges is crucial for ensuring the availability of essential diagnostic tools and advancing the field of nuclear medicine for improved patient care and disease management.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Isotopic Application
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Molybdenum-99 Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Medical Imaging
        2. Nuclear Medicine
        3. Technetium-99m
      2. Restraints
        1. Supply Chain
        2. Production Challenges
        3. Technetium Shortage
      3. Opportunities
        1. Technological Innovation
        2. Supply Chain Optimization
        3. Infrastructure Investment
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Molybdenum-99 Market, By Isotopic Application, 2021 - 2031 (USD Million)
      1. Gamma Camera
      2. SPECT
    2. Global Molybdenum-99 Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Diagnostic Centers
    3. Global Molybdenum-99 Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IBA
      2. Sumitomo Corporation
      3. Advanced Cyclotron Systems, Inc.
      4. Siemens Healthineers
  7. Analyst Views
  8. Future Outlook of the Market