The rise in cancer, cardiovascular, and neurological illness prevalence, the rise in demand for medical imaging, and the rise in product approval for radiopharmaceuticals are the main factors driving the growth of the Spain radiopharmaceuticals market share. The market is growing as a result of an increase in radiopharmaceutical R&D.
The alarming increase in the prevalence of chronic illnesses, including cancer, cardiovascular diseases, and neurological diseases is a crucial factor propelling the market for radiopharmaceuticals. The demand for radiopharmaceuticals is increased by such disease’s rising prevalence as well as the corresponding rise in diagnosis and treatment needs. To identify and treat cancer, radiopharmaceuticals are injected into the body, where they gather in malignant tissues, enabling the detection and management of the illnesses.
Additionally, the market for radiopharmaceuticals is being driven by an increase in PET imaging and a rise in demand for accurate diagnostics. Moreover, during the forecast period, rising physician knowledge of nuclear medicine is anticipated to fuel market expansion for radiopharmaceuticals. The International Atomic Energy Agency had estimated that by 2020, 80% of medical imaging will be used annually to diagnose diseases, including cancer.
Moreover, in March 2023, AtomVie Global Radiopharma Inc., a company in the radiopharmaceutical sector, constructed an industry-leading Contract Development and Manufacturing Organisation (CDMO) facility for radiopharmaceuticals in Ontario, Canada. The brand-new facility will be used exclusively to distribute radiopharmaceuticals medicines around the world. A new subsidiary, Blue Earth Therapeutics, was also launched by Bracco Imaging in March 2022 with the goal of creating the next generation of therapeutic radiopharmaceutical technology. The existence of the radiopharmaceuticals sector offers a chance for the market for radiopharmaceuticals to expand.
On the other hand, side effects of radiopharmaceuticals such as drowsiness, fainting, fever, flushing, headache, nausea, vomiting, stomach pain, skin rashes, and difficulty in breathing are anticipated to limit the growth of the market during the forecast period.
The COVID-19 pandemic has had a significant impact on radiopharmaceuticals market. The pandemic has caused major disruptions to the production and supply of radiopharmaceuticals to the nuclear medicine department, resulting in shortages of radiopharmaceuticals. According to the European Journal of Nuclear Medicine and Molecular Imaging, in July 2021, around 81% of the countries reported a decrease in diagnostic scintigraphy procedures during the COVID-19 pandemic.
INSYSBIO, INDUVAC, B-NUCLEAR, GE HEALTHCARE, NUCLEUS BIOTEK, NUCLEON, TRADEO, EGAMMA, PHARMALINE, MEDIPHARMA are some of the companies operating in the market.

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?Top player positioning provides a clear understanding of the present position of market players.
?Detailed analysis of the Spain radiopharmaceuticals market segmentation assists to determine the prevailing market opportunities.
Identify key investment pockets for various offerings in the market.

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KEY MARKET SEGMENTS

By Type
? Diagnostic
? Therapeutic

By End Users
? Hospitals and clinics
? Medical Imaging centers
? Others
By Radioisotope
? Fluorine 18
? Iodine I
? Gallium 68
? Others
? Technetium 99m

By Application
? Cancer
? Cardiology
? Others
? Key Market Players
? INSYSBIO
? INDUVAC
? B-NUCLEAR
? GE HEALTHCARE
? NUCLEUS BIOTEK
? NUCLEON
? TRADEO
? EGAMMA
? PHARMALINE
? MEDIPHARMA