Automated Radiosynthesis Modules Market Report,
published by Allied Market Research, forecasts that the global market is
expected to garner $32 million by 2022, registering a CAGR of 6.6% during the
period 2016 - 2022.North
America accounted for the largest share in terms of both market revenues and
unit volumes, whereas Asia-Pacific region is expected to witness fastest growth
rate during the forecast period.
Radiopharmaceuticals usage is increasing with
rise in adoption of PET (Positron Emission Tomography) and SPECT (Single-Photon
Emission Computed Tomography) techniques. The demand for PET and SPECT for
diagnosis and therapy monitoring is high owing to increase in the mortality and
morbidity rates of chronic diseases. To meet this growing need, production of
scalable and effective radiotracer has become a necessity. Current production
of radiotracer molecules is centralized and unfavorable for the end users.
Favorable regulations are now opening the doors for production of radiotracer
in decentralized settings driving the sales of automated radiosynthesis modules.
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Few of the key market players include
·
GE Healthcare
·
Siemens Healthcare GmbH
·
IBA Radiopharma Solutions
·
Optimized Radiochemical Application
·
Synthra GmbH
·
Eckert & Ziegler Group.
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Key Findings of Automated Radiosynthesis Modules Market
- Over half of the
automated radiosynthesis module market is concentrated in North America
and expected to post modest growth from 2016 to 2022.
- Asia Pacific are
expected to post fastest growth at a CAGR of 9.2% during the forecast
period.
- In terms of volume,
North American automated radiosynthesis module market is expected to grow
with a CAGR of 6.4%.
- Cost of automated
radiosynthesis modules in higher in Asia-Pacific compared to other regions.
North America generates the largest revenue with
around three-fifth share in world automated radiosynthesis modules. While
Asia-Pacific is expected to post fastest growth at a CAGR of 9.2% during the
forecast period. The growth is primarily attributed to the increasing footprint
of the suppliers in the Europe and Asia-Pacific.
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Table of Content
Chapter:
1 RESEARCH METHODOLOGY
1.1
Secondary research
1.2
Primary research
1.3
Analyst tools and models
Chapter:
2 MARKET OVERVIEW
2.1
Market definition and scope
2.2
Market dynamics
2.2.1
Drivers
2.2.1.1
Increasing adoption of PET & SPECT as vital diagnostic tools
2.2.1.2
Diverse applications of radiopharmaceuticals in medical industry
2.2.2
Restraints
2.2.2.1
High cost is a barrier for adoption of automated radiosynthesis module
2.2.3
Opportunities
2.2.3.1
Funding and grants create market opportunity worldwide
2.3
Porter’s Five Forces Analysis
2.3.1
Bargaining Power of Suppliers
2.3.2
Bargaining Power of Buyers
2.3.3
Threat of New Entrants
2.3.4
Threat of Substitutes
2.3.5
Competitive Rivalry
2.4
Market Share Analysis, 2015
Chapter:
3 WORLD AUTOMATED RADIOSYNTHESIS MODULES MARKET, BY VALUE AND VOLUME
3.1
Market size and forecast
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