ALBANY, N.Y., Jan. 6, 2022
- Companies in the fluorine-18 market are estimated to observe prominent prospects with rise in installation of new PET-CT machines in hospitals
- Increasing efforts of market players to boost their product offerings and distribution networks are projected to play a key role in market expansion
ALBANY, N.Y., Jan. 6, 2022 /PRNewswire/ -- Positron emission tomography (PET) and positron emission tomography/computed tomography (PET/CT) systems are increasingly being used in the detection and treatment of varied critical illnesses such as cardiovascular diseases, neurology-related diseases, and cancer. Thus, rise in the number of PET/CT scans is prognosticated to fuel the sales prospects in the global fluorine-18 market.
A study by Transparency Market Research (TMR) notes that the global fluorine-18 market is estimated to attract growth at a CAGR of 7.5% during the forecast period, 2021-2031. This research report offers complete analysis of major crucial factors such as drivers, restraints, notable developments, and competition landscape of the market.
Fluorine-18 is widely utilized radioisotope in the PET radiopharmaceuticals in varied clinical processes. In recent years, there has been a notable increase in the use of PET imaging technique for the assessment of biochemical, pharmacological, and physiological functions in humans. This technique is gaining traction owing to its non-invasive nature.
PET imaging techniques can precisely measure the tracer concentration in tissues, owing to its high spatial resolution and sensitivity. Thus, rise in the use of fluorine-18 radiotracers in PET imaging in the healthcare industry is creating lucrative opportunities in the global fluorine-18 market.
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Combined PET/CT scanners are being increasingly utilized instead of presently available major PET scans, as these combined scans can assist in finding abnormal metabolic functions. Moreover, they can also play a crucial role in offering more precise diagnoses than performing the two scans independently. These factors are resulting in increased sales of fluorine-18, which, in turn, is boosting the market growth.
Fluorine-18 Market: Key Findings
Fluorine-18 offers low positron energy, increased positron decay ratio, and has relatively short half-life. Owing to all these properties, it is increasingly being used in the radiochemistry industry. This factor is boosting the growth of the global fluorine-18 market. Furthermore, increasing product use in varied fields such as neurology, cardiology, and oncology is likely to drive market expansion.
North America is estimated to maintain its dominant position in the fluorine-18 market during the forecast period, owing to rapid adoption of advanced imaging equipment such as PET/CT and presence of a sturdy healthcare infrastructure in countries such as the U.S.
Moreover, the Asia Pacific market is estimated to experience promising growth opportunities, owing to increase in the number of mergers, acquisitions, new product launches, alliances, distribution agreements, and geographical expansions by the regional players.
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Fluorine-18 Market: Growth Boosters
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Fluorine-18 Market: Key Players
Some of the key players profiled in the report are:
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Fluorine-18 Market Segmentation
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