Global Radiosynthesis Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Fully Automated and Semi-Automated.

By End User;

Hospitals, Radiology Centers, Diagnostic Laboratories, Research Centers, and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn580096952 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Radiosynthesis Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Radiosynthesis Equipment Market was valued at USD 366.04 million. The size of this market is expected to increase to USD 515.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Radiosynthesis Equipment Market encompasses the development, production, and distribution of devices used in the synthesis of radiolabeled compounds. These compounds are critical for various applications in nuclear medicine, including diagnostics, therapeutic procedures, and research. Radiosynthesis equipment is essential for producing radiopharmaceuticals that are used in imaging techniques like PET (Positron Emission Tomography) and SPECT (Single Photon Emission Computed Tomography), which are pivotal in diagnosing and treating diseases such as cancer, cardiovascular diseases, and neurological disorders.

The market for radiosynthesis equipment is driven by the growing prevalence of chronic diseases, advancements in nuclear medicine, and increasing investments in healthcare infrastructure and research. The rising incidence of cancer, in particular, has led to a heightened demand for advanced diagnostic tools that can provide accurate and early detection. Radiosynthesis equipment plays a crucial role in producing the radiotracers needed for these diagnostic procedures, thereby driving market growth. Additionally, technological advancements in radiosynthesis equipment have improved the efficiency, safety, and precision of radiopharmaceutical production, further boosting market demand.

Moreover, the Global Radiosynthesis Equipment Market is influenced by regional differences in healthcare access, technological adoption, and regulatory environments. Developed regions like North America and Europe have well-established markets with high levels of awareness and access to advanced medical technologies. In contrast, emerging markets in Asia-Pacific and Latin America are witnessing rapid growth due to improving healthcare infrastructure and increasing investments in medical research. As the global burden of chronic diseases continues to rise, the market for radiosynthesis equipment is expected to expand, driven by the need for effective and advanced diagnostic and therapeutic solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Radiosynthesis Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising cancer prevalence
        2. Technological advancements growth
        3. Increasing R&D investments
        4. Growing nuclear medicine
        5. Expanding healthcare infrastructure
      2. Restraints
        1. High equipment costs
        2. Regulatory approval challenges
        3. Skilled personnel shortage
        4. Stringent safety regulations
        5. Limited awareness regions
      3. Opportunities
        1. Emerging market potential
        2. Innovative product developments
        3. Personalized medicine integration
        4. Strategic collaborations growth
        5. Increased government funding
    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 Radiosynthesis Equipment Market,By Product Type, 2021 - 2031 (USD Million)
      1. Fully Automated
      2. Semi-Automated
    2. Global Radiosynthesis Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Radiology Centers
      3. Diagnostic Laboratories
      4. Research Centers
      5. Ambulatory Surgical Centers.
    3. Global Radiosynthesis Equipment 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 (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. GE Healthcare
      2. Siemens Healthineers
      3. PerkinElmer Inc.
      4. ABT Molecular Imaging, Inc.
      5. IBA Radiopharma Solutions
      6. Advanced Cyclotron Systems Inc.
      7. Raytest Isotopenmessgeräte GmbH
      8. Scintomics GmbH
      9. Sumitomo Heavy Industries, Ltd.
      10. Trasis S.A.
  7. Analyst Views
  8. Future Outlook of the Market