Nuclear Medicine Radioisotopes Market
By Type;
Diagnostic Radioisotopes [Technetium-99m, Fluorine-18, and More] and Therapeutic Radioisotopes [Iodine-131, Lutetium-177 and More]By Application;
Oncology, Cardiology, and MoreBy Source;
Reactor-Produced Isotopes and MoreBy End-User;
Hospitals and MoreBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Nuclear Medicine Radioisotopes Market Overview
Nuclear Medicine Radioisotopes Market (USD Million)
Nuclear Medicine Radioisotopes Market was valued at USD 4,674.50 million in the year 2024. The size of this market is expected to increase to USD 7,980.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.
Nuclear Medicine Radioisotopes Market
*Market size in USD million
CAGR 7.9 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 7.9 % | 
| Market Size (2024) | USD 4,674.50 Million | 
| Market Size (2031) | USD 7,980.17 Million | 
| Market Concentration | Medium | 
| Report Pages | 316 | 
Major Players
- Advanced Sterilization Products
 - The Ruhof Corp
 - Sklar Surgical Instruments
 - Sterigenics International LLC
 - Biotrol
 - Metrex Research, LLC
 - Oro Clean Chemie AG
 - Cantel Medical Corp
 - Ecolab
 
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Nuclear Medicine Radioisotopes Market
Fragmented - Highly competitive market without dominant players
The Nuclear Medicine Radioisotopes Market is witnessing robust growth, driven by the rising need for accurate diagnostic tools in healthcare. Radioisotopes, known for emitting gamma rays and other forms of radiation, are essential for both diagnosis and therapy in modern medicine. Approximately 60% of nuclear medicine procedures utilize these isotopes, highlighting their critical role in medical imaging and treatment.
Technological Innovations Driving Market Expansion
Technological advancements, such as positron emission tomography (PET) and single-photon emission computed tomography (SPECT), are transforming the radioisotope market. Isotopes like Technetium-99m and Fluorine-18 are widely used, accounting for nearly 70% of diagnostic imaging procedures. These innovations are significantly improving diagnostic precision and patient outcomes, reinforcing the market's growth trajectory.
Supportive Regulations and Government Backing
Regulatory support and government initiatives are critical in fostering the adoption of radioisotopes. Approximately 45% of healthcare programs now incorporate nuclear imaging for early disease detection and effective treatment. These supportive policies are driving investments in isotope production and research, further accelerating market expansion.
Future Growth and Market Potential
With ongoing technological advancements, increasing healthcare spending, and rising awareness about early diagnosis, the Nuclear Medicine Radioisotopes Market is poised for substantial growth. Continuous R&D efforts and expanding therapeutic applications are expected to sustain market momentum, positioning this sector as a key component of the broader medical imaging landscape.
Nuclear Medicine Radioisotopes Market Key Takeaways
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Market Size and Growth The global nuclear medicine radioisotopes market was valued at approximately USD 8.9 billion in 2024 and is projected to reach USD 19.2 billion by 2034, growing at a CAGR of 8.0% during the forecast period from 2025 to 2034.
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Diagnostic Dominance Diagnostic radioisotopes, particularly technetium-99m, fluorine-18, and gallium-68, account for over 86% of market revenue, supporting widespread applications in SPECT and PET imaging.
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Therapeutic Advancements Therapeutic isotopes like lutetium-177 and emerging alpha emitters such as actinium-225 and lead-212 are gaining traction in precision oncology, with regulatory support accelerating their clinical adoption.
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Regional Dynamics North America leads the market with a 42.23% share, driven by advanced healthcare infrastructure and a supportive regulatory environment. The Asia-Pacific region exhibits the fastest growth potential, fueled by expanding cyclotron-based production and increasing patient access.
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End-User Applications Hospitals account for the largest share of market revenue, with pharmaceutical companies and diagnostic imaging centers also contributing significantly as radioligand therapies and theranostic applications expand.
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Supply Chain Challenges Global supply disruptions, such as the 2024 shutdown of the Petten reactor in the Netherlands, highlight the need for diversified production methods and infrastructure investments to ensure consistent isotope availability.
 
Nuclear Medicine Radioisotopes Market Recent Developments
- In April 2025, Sumitomo Corporation Group signed a memorandum of understanding with SHINE Technologies to explore fusion-derived medical isotope supply and distribution across Japan and Asia, aiming to strengthen the region’s radioisotope ecosystem.
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In September 2025, NorthStar Medical Radioisotopes, LLC entered a multi-year strategic partnership with the University of Wisconsin School of Medicine and Public Health to advance nuclear medicine research, development of radioisotopes and workforce training in theranostics.
 
Nuclear Medicine Radioisotopes Market Segment Analysis
In this report, the Nuclear Medicine Radioisotopes Market has been segmented by Type, Application, Source, End-User and Geography.
Nuclear Medicine Radioisotopes Market, Segmentation by Type
The Type segmentation distinguishes between diagnostic and therapeutic radioisotopes, reflecting different clinical use cases, production pathways, and reimbursement models. Vendors emphasize supply reliability, radiochemical purity, and radiopharmacy partnerships to strengthen their presence across hospitals and imaging centers. Growth strategies include capacity expansions, technology upgrades in target processing, and geographic diversification of distribution to reduce outages and accelerate time-to-patient.
Diagnostic RadioisotopesDiagnostic radioisotopes anchor nuclear imaging for SPECT and PET procedures, supporting early detection, staging, and therapy planning. Market players invest in generator systems, cyclotron networks, and last-mile cold-chain logistics to improve availability and consistency for routine studies. Strategic collaborations with radiopharmacies and equipment OEMs help align tracer supply with scanner installed bases, boosting utilization and reducing procedure wait times.
- Technetium-99m 
Technetium-99m (Tc-99m) remains the backbone of SPECT diagnostics, used across cardiology, oncology, and bone imaging. Suppliers focus on generator reliability, molybdenum supply security, and streamlined radiopharmacy workflows to minimize downtime. Product enhancements center on kit compatibility, dose optimization, and waste reduction to maintain cost-effectiveness and clinical confidence.
 - Fluorine-18 
Fluorine-18 (F-18) powers PET imaging with tracers such as FDG and emerging targeted radiopharmaceuticals. Competitive differentiation hinges on cyclotron capacity, regional distribution hubs, and time-critical logistics that preserve activity upon delivery. Vendors pursue R&D alliances to expand labeled molecules for neurology and oncology, supporting higher scanner throughput and improved diagnostic specificity.
 - More 
The More category includes additional diagnostic isotopes adopted for niche indications and protocol refinements. Market development focuses on clinical validation, regulatory approvals, and education to broaden physician awareness where evidence supports improved outcomes. Suppliers aim to balance portfolio breadth with operational efficiency to ensure sustainable availability across regions.
 
Therapeutic radioisotopes enable targeted radionuclide therapies that combine precision delivery with cytotoxic radiation, transforming care in select oncology settings. Companies prioritize isotope production scale-up, targeted ligand development, and clinic-ready manufacturing that meets stringent quality standards. Partnerships with biopharma, CMOs, and specialty distributors underpin launch readiness, patient access programs, and post-marketing evidence generation.
- Iodine-131 
Iodine-131 (I-131) is established in thyroid disease therapy, supported by mature guidelines and clinic experience. Suppliers focus on dose standardization, safe handling, and patient pathway efficiency to streamline care delivery. Investments in packaging and shielding enhance safety while maintaining robust supply for both inpatient and outpatient settings.
 - Lutetium-177 
Lutetium-177 (Lu-177) underpins targeted radionuclide therapy with peptides and small molecules, supported by expanding clinical indications. Market participants emphasize non-carrier-added production, quality control, and global distribution to meet growing therapy volumes. Strategic collaborations with drug developers and treatment centers help align dose scheduling, reduce cancellations, and improve patient experience.
 - More 
The More grouping captures additional beta and alpha-emitting therapeutics progressing through clinical adoption. Commercial strategies include manufacturing redundancy, regulatory harmonization, and health-economic evidence to support reimbursement. Vendors also invest in training and radiation-safety programs to expand the number of qualified treatment sites.
 
Nuclear Medicine Radioisotopes Market, Segmentation by Application
The Application view highlights priority clinical pathways where radioisotopes deliver value in diagnosis and therapy. Stakeholders pursue protocol optimization, multidisciplinary care, and evidence generation to support guideline inclusion and payer acceptance. Growth is reinforced by technology advances in imaging, expanding indications, and coordinated supply chain reliability across centers of excellence and community providers.
OncologyOncology remains the leading application, leveraging tracers for tumor detection, staging, and treatment monitoring, as well as theranostic approaches. Vendors collaborate with biopharma and academic networks to integrate imaging biomarkers into clinical pathways. Emphasis on access programs, education, and data registries supports broader adoption and consistent outcomes.
CardiologyCardiology applications utilize perfusion and viability imaging to guide risk stratification and therapy decisions. Suppliers invest in kit performance, dose efficiency, and workflow simplification to enhance throughput in high-volume labs. Partnerships with imaging OEMs and service providers drive protocol standardization and uptime.
MoreThe More segment covers additional uses across endocrinology, neurology, and specialized infectious disease assessments. Growth stems from clinical validation, site training, and reimbursement alignment that enable sustainable procedure volumes. Stakeholders target evidence-based expansion while maintaining high quality assurance standards.
Nuclear Medicine Radioisotopes Market, Segmentation by Source
The Source dimension captures how isotopes are produced and secured for clinical supply. Market participants balance reactor-produced and alternative sources with priorities around redundancy, quality compliance, and lead-time reduction. Investments in infrastructure upgrades, cross-border agreements, and inventory planning aim to mitigate disruptions and maintain predictable delivery to care sites.
Reactor-Produced IsotopesReactor-produced isotopes serve as critical inputs for both diagnostic and therapeutic applications. Suppliers focus on outage management, maintenance cycles, and fuel conversion programs to strengthen long-term reliability. Strategic supply contracts and international collaboration help stabilize pricing and guarantee volumes for national health systems and private providers.
MoreThe More category spans additional production pathways that complement reactor output and enhance resilience. Stakeholders evaluate cost structures, regulatory requirements, and distribution complexity to scale responsibly. Emphasis on quality systems and training ensures consistent performance across diverse manufacturing environments.
Nuclear Medicine Radioisotopes Market, Segmentation by End-User
The End-User perspective clarifies where procedures and therapies are delivered, shaping product formats and service models. Suppliers tailor dose scheduling, support programs, and onsite training to the operational realities of high-throughput centers versus smaller facilities. Go-to-market strategies prioritize clinical support, predictable delivery windows, and lifecycle services to maximize asset utilization and patient access.
HospitalsHospitals remain the hub for nuclear medicine and radionuclide therapy, integrating multidisciplinary teams with specialized infrastructure and safety protocols. Procurement emphasizes reliable supply, compliance, and vendor support that aligns with accreditation standards. Growth is reinforced by training partnerships, service contracts, and investments in facility upgrades to expand capacity.
MoreMore encompasses additional end-users such as dedicated imaging centers and specialty clinics, where flexibility and cost efficiency drive adoption. Vendors offer scalable delivery models, remote support, and standardized protocols to ensure consistent quality outside tertiary hospitals. Partnerships with radiopharmacies and logistics providers help synchronize supply with daily procedure schedules.
Nuclear Medicine Radioisotopes Market, Segmentation by Geography
In this report, the Nuclear Medicine Radioisotopes Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America benefits from a dense network of cyclotrons, reactor supply arrangements, and mature radiopharmacy services. Market strategies emphasize contracting stability, regulatory compliance, and clinical education that sustains high procedural volumes. Continued investment in infrastructure modernization and therapy access supports expansion across leading academic centers and community providers.
EuropeEurope features diversified production hubs and cross-border logistics under harmonized quality frameworks. Suppliers pursue public-private partnerships, capacity upgrades, and multinational distribution to ensure dependable delivery. Adoption is reinforced by clinical guidelines, workforce training, and coordinated value-based care initiatives across member states.
Asia PacificAsia Pacific is characterized by rapid expansion in imaging infrastructure, growing oncology caseloads, and increased government investment. Vendors focus on localization of supply, new cyclotron deployments, and skills development to meet rising demand. Strategic collaborations with public health systems and private hospital chains enable scalable, cost-efficient access to diagnostics and therapies.
Middle East & AfricaMiddle East & Africa shows steady progress with targeted center-of-excellence programs, improved import pathways, and training initiatives. Market entrants emphasize partnerships with national providers and technology transfer to build local capabilities. Reliability in cold-chain logistics and regulatory alignment remains central to unlocking wider adoption.
Latin AmericaLatin America advances through selective infrastructure upgrades, public procurement, and regional distribution hubs that improve service reach. Vendors collaborate on professional education, maintenance support, and supply assurance to stabilize procedure schedules. Policy initiatives that encourage investment and streamline import processes further support sustainable growth.
Nuclear Medicine Radioisotopes Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Nuclear Medicine Radioisotopes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential | 
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | 
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance | 
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances | 
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Prevalence of Chronic Diseases
 - Advancements in Imaging Technologies
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Growing prevalence of chronic health conditions - The rising burden of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions is significantly accelerating the demand for nuclear medicine radioisotopes. These isotopes are essential for accurate diagnosis, targeted therapy, and treatment monitoring. As populations age and lifestyle-induced conditions become more common, healthcare systems are increasingly emphasizing early detection and tailored medical interventions, both of which are strengthened by nuclear imaging solutions.
Radioisotopes are especially critical in oncology diagnostics and treatment, enabling functional imaging and targeted radiotherapy. For instance, positron emission tomography (PET) scans using fluorodeoxyglucose (FDG) are now common in staging and monitoring cancers. The rising incidence of conditions like breast, lung, and prostate cancer where these imaging tools are widely used has helped sustain consistent market demand for radioisotopes.
The continued prevalence of cardiovascular diseases has supported widespread adoption of radiotracers in myocardial perfusion imaging. These diagnostics are key in evaluating cardiac function and guiding therapeutic decisions. The growing need to address such health burdens further reinforces the market’s dependency on nuclear imaging technologies.
As public health initiatives and screening programs expand, nuclear imaging is becoming more integrated into routine diagnostics. With ongoing advancements in radiopharmaceuticals, this trend is broadening the clinical scope of nuclear medicine and bolstering the demand for specialized radioisotopes across chronic disease management.
 
Restraints
- High cost of isotope production facilities
 - Stringent regulations for nuclear handling
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Supply chain disruptions for key isotopes - The Nuclear Medicine Radioisotopes Market is facing persistent obstacles due to supply chain vulnerabilities, particularly for critical isotopes like molybdenum-99 (Mo-99) and technetium-99m (Tc-99m). These essential isotopes are produced in a limited number of aging nuclear reactors, many of which are prone to shutdowns or operate under strict regulations. Interruptions in reactor operations often lead to unstable supplies that disrupt diagnostic services globally. The logistical complexity of transporting radioactive materials given their short half-lives and stringent safety standards makes timely distribution a continuous challenge. Even minor delays in shipment or production schedules can result in postponed procedures, especially in time-sensitive therapeutic and diagnostic applications.
This issue is particularly critical for smaller healthcare providers and facilities in developing regions, where access to isotopes is already limited. In such cases, disruptions often lead to the use of less effective diagnostic alternatives or complete procedure cancellations, thereby widening the healthcare access gap. Although some countries are investing in local isotope production or alternative technologies, the market remains heavily reliant on a few global suppliers. This dependence heightens vulnerability and poses a major constraint for long-term market growth and innovation in the radioisotope supply chain.
 
Opportunities
- Research and Development Initiatives
 - Strategic alliances for isotope supply security
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Integration with AI in nuclear diagnostics - The growing integration of artificial intelligence (AI) in nuclear diagnostics is unlocking major opportunities for market advancement. AI-powered systems enhance diagnostic accuracy by improving image interpretation and minimizing human error. By leveraging machine learning on large imaging datasets, clinicians can achieve faster and more precise assessments of disease conditions. AI also significantly boosts the quality of nuclear imaging by facilitating better image reconstruction, noise suppression, and scan quantification. These improvements not only lead to higher diagnostic clarity but also allow the use of lower isotope doses, enhancing patient safety particularly for those needing multiple scans over time.
AI is transforming operational workflows in nuclear medicine departments. It can automate scanning protocols, manage radiopharmaceutical inventories, and even forecast isotope usage trends. These tools improve efficiency, reduce waste, and lower overall costs in high-demand medical environments. As precision medicine becomes more mainstream, the convergence of AI and nuclear imaging is enabling more personalized diagnostic pathways. Collaborations between AI developers, imaging equipment manufacturers, and medical institutions are driving the development of intelligent nuclear diagnostic platforms that are expected to generate new revenue channels and enhance the clinical reach of radioisotopes worldwide.
 
Nuclear Medicine Radioisotopes Market Competitive Landscape Analysis
Nuclear Medicine Radioisotopes Market is witnessing intensified competition as companies adopt strategies such as collaboration, merger, and partnerships to strengthen isotope supply and medical imaging capabilities. More than 52% of participants are prioritizing innovation in radiopharmaceuticals, diagnostics, and therapeutic applications, driving significant growth in nuclear medicine adoption.
Market Structure and Concentration
The market reflects a moderately consolidated structure, with nearly 55% of share controlled by leading radioisotope producers. Smaller firms highlight niche technological advancements in isotope refinement and delivery methods. Larger corporations focus on expansion through acquisitions and advanced strategies, ensuring sustained growth and reinforcing leadership in diagnostic and therapeutic applications.
Brand and Channel Strategies
Around 58% of companies employ diverse channel strategies, including direct hospital supply, specialty distributors, and research partnerships. Strong brand recognition is reinforced by certifications, regulatory compliance, and partnerships with healthcare providers. These strategies accelerate growth, improve accessibility, and expand global adoption of nuclear medicine radioisotopes.
Innovation Drivers and Technological Advancements
More than 56% of stakeholders emphasize innovation in isotope production efficiency, precision imaging, and therapeutic isotopes. Key technological advancements include cyclotron-based production, AI-assisted diagnostic imaging, and improved radiolabeling techniques. Strong collaboration with research institutions and hospitals drives growth, ensuring evolving clinical demands are addressed effectively.
Regional Momentum and Expansion
Nearly 47% of revenues originate from developed healthcare markets with advanced diagnostic infrastructure. Rapid expansion in emerging economies highlights rising investments in oncology and nuclear medicine facilities. Strategic collaboration and regional partnerships ensure balanced growth, diversifying competitive positions across multiple geographies and healthcare systems.
Future Outlook
Looking forward, more than 54% of stakeholders expect intensified competition fueled by strategies focused on innovation and evolving technological advancements. Continued expansion into therapeutic radiopharmaceuticals, supported by mergers and partnerships, will shape the future outlook. Long-term growth will depend on adaptability, safety, and sustainable isotope production.
Key players in Nuclear Medicine Radioisotopes Market include:
- Advanced Sterilization Products
 - The Ruhof Corp
 - Sklar Surgical Instruments
 - Sterigenics International LLC
 - Biotrol
 - Metrex Research LLC
 - Oro Clean Chemie AG
 - Cantel Medical Corp
 - Ecolab
 
In this report, the profile of each market player provides following information:
- Market Share Analysis
 - Company Overview and Product Portfolio
 - Key Developments
 - Financial Overview
 - Strategies
 - Company SWOT Analysis
 
- Introduction 
- Research Objectives and Assumptions
 - Research Methodology
 - Abbreviations
 
 - Market Definition & Study Scope
 - Executive Summary 
- Market Snapshot, By Type
 - Market Snapshot, By Application
 - Market Snapshot, By Source
 - Market Snapshot, By End-User
 - Market Snapshot, By Region
 
 - Nuclear Medicine Radioisotopes Market Dynamics 
- Drivers, Restraints and Opportunities 
- Drivers 
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Increasing Prevalence of Chronic Diseases
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Advancements in Imaging Technologies
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Growing prevalence of chronic health conditions
 
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 - Restraints 
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High cost of isotope production facilities
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Stringent regulations for nuclear handling
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Supply chain disruptions for key isotopes
 
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 - Opportunities 
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Research and Development Initiatives
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Strategic alliances for isotope supply security
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Integration with AI in nuclear diagnostics
 
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 - Drivers 
 - PEST Analysis 
- Political Analysis
 - Economic Analysis
 - Social Analysis
 - Technological Analysis
 
 - Porter's Analysis 
- Bargaining Power of Suppliers
 - Bargaining Power of Buyers
 - Threat of Substitutes
 - Threat of New Entrants
 - Competitive Rivalry
 
 
 - Drivers, Restraints and Opportunities 
 - Market Segmentation 
- Nuclear Medicine Radioisotopes Market, By Type, 2021 - 2031 (USD Million) 
- Diagnostic Radioisotopes 
- Technetium-99m
 - Fluorine-18
 - More
 
 - Therapeutic Radioisotopes 
- Iodine-131
 - Lutetium-177
 - More
 
 
 - Diagnostic Radioisotopes 
 - Nuclear Medicine Radioisotopes Market, By Application, 2021 - 2031 (USD Million) 
- Oncology
 - Cardiology
 - More
 
 - Nuclear Medicine Radioisotopes Market, By Source, 2021 - 2031 (USD Million) 
- Reactor-Produced Isotopes
 - More
 
 - Nuclear Medicine Radioisotopes Market, By End-User, 2021 - 2031 (USD Million) 
- Hospitals
 - More
 
 -  Nuclear Medicine Radioisotopes Market, By Geography, 2021 - 2031 (USD Million) 
- North America 
- United States
 - Canada
 
 - Europe 
- Germany
 - United Kingdom
 - France
 - Italy
 - Spain
 - Nordic
 - Benelux
 - Rest of Europe
 
 - Asia Pacific 
- Japan
 - China
 - India
 - Australia & New Zealand
 - South Korea
 - ASEAN (Association of South East Asian Countries)
 - Rest of Asia Pacific
 
 - Middle East & Africa 
- GCC
 - Israel
 - South Africa
 - Rest of Middle East & Africa
 
 - Latin America 
- Brazil
 - Mexico
 - Argentina
 - Rest of Latin America
 
 
 - North America 
 
 - Nuclear Medicine Radioisotopes Market, By Type, 2021 - 2031 (USD Million) 
 - Competitive Landscape 
- Company Profiles 
- Advanced Sterilization Products
 - The Ruhof Corp
 - Sklar Surgical Instruments
 - Sterigenics International LLC
 - Biotrol
 - Metrex Research, LLC
 - Oro Clean Chemie AG
 - Cantel Medical Corp
 - Ecolab
 
 
 - Company Profiles 
 - Analyst Views
 - Future Outlook of the Market
 

