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Fluorine-18 Market Size Worth Around USD 2 Bn by 2027

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The global Fluorine-18 market size is expected to be worth around USD 2 billion by 2027 from USD  1.7 billion in 2020, growing at a CAGR of 6.2% from 2021 to 2027. Increasing usage of ethyl alcohol as befoul is major factor driving growth of the ethanol market.

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Report Scope of the Fluorine-18 Market

Report Scope Details
Market Size USD 2 Billion by 2027
Growth Rate CAGR of 6.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Product, End User and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Lantheus Holdings, Inc., Siemens Healthineers, Advanced Accelerator Applications (a Novartis AG Company), GE Healthcare (General Electric Company), Blue Earth Diagnostics (A Bracco Imaging Company), Jubilant Pharma Limited, China lsotope & Radiation Corporation, Eli Lilly and Company, Curium Pharma, and Yantai Dongcheng Pharmaceutical Group Co., Ltd

Growth Factors:

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.

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.

COVID-19 Impact on Fluorine-18 Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Fluorine-18 market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Fluorine-18 market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Regional analysis:

North America to Maintain Dominant Position; Asia Pacific to Offer Promising Growth Prospects
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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Recent report on the Fluorine-18 market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Fluorine-18 market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Fluorine-18 market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Fluorine-18 market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Fluorine-18 market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Fluorine-18 market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Fluorine-18 market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Fluorine-18 market is analyzed at both regional and country levels.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Fluorine-18 market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Fluorine-18 market include: Lantheus Holdings, Inc., Siemens Healthineers, Advanced Accelerator Applications (a Novartis AG Company), GE Healthcare (General Electric Company), Blue Earth Diagnostics (A Bracco Imaging Company), Jubilant Pharma Limited, China lsotope & Radiation Corporation, Eli Lilly and Company, Curium Pharma, and Yantai Dongcheng Pharmaceutical Group Co., Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Fluorine-18 Market: Segmentation

  • Fluorine-18 Market, by Product
    • FDG
    • NaF
    • Others
  • Fluorine-18 Market, by End User
    • Hospitals
    • Diagnostic Centers
    • Others

 Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Fluorine-18 market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Fluorine-18 market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Fluorine-18 market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Fluorine-18 market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Fluorine-18 are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Fluorine-18 Market, By Product

7.1.  Fluorine-18 Market, by Product, 2021-2027

7.1.1.     FDG

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     NaF

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     NaF

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Fluorine-18 Market, By End User

8.1.  Fluorine-18 Market, by End User, 2021-2027

8.1.1.     Hospitals

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Diagnostic Centers

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Others

8.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Fluorine-18 Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.     Market Revenue and Forecast, by Product (2016-2027)

9.1.2.     Market Revenue and Forecast, by End User (2016-2027)

9.1.3.     U.S.

9.1.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.1.3.2.          Market Revenue and Forecast, by End User (2016-2027)

9.1.4.     Rest of North America

9.1.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.1.4.2.          Market Revenue and Forecast, by End User (2016-2027)

9.2.  Europe

9.2.1.     Market Revenue and Forecast, by Product (2016-2027)

9.2.2.     Market Revenue and Forecast, by End User (2016-2027)

9.2.3.     UK

9.2.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.3.2.          Market Revenue and Forecast, by End User (2016-2027)

9.2.4.     Germany

9.2.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.4.2.          Market Revenue and Forecast, by End User (2016-2027)

9.2.5.     France

9.2.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.5.2.          Market Revenue and Forecast, by End User (2016-2027)

9.2.6.     Rest of Europe

9.2.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.2.6.2.          Market Revenue and Forecast, by End User (2016-2027)

9.3.  APAC

9.3.1.     Market Revenue and Forecast, by Product (2016-2027)

9.3.2.     Market Revenue and Forecast, by End User (2016-2027)

9.3.3.     India

9.3.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.3.2.          Market Revenue and Forecast, by End User (2016-2027)

9.3.4.     China

9.3.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.4.2.          Market Revenue and Forecast, by End User (2016-2027)

9.3.5.     Japan

9.3.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.5.2.          Market Revenue and Forecast, by End User (2016-2027)

9.3.6.     Rest of APAC

9.3.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.3.6.2.          Market Revenue and Forecast, by End User (2016-2027)

9.4.  MEA

9.4.1.     Market Revenue and Forecast, by Product (2016-2027)

9.4.2.     Market Revenue and Forecast, by End User (2016-2027)

9.4.3.     GCC

9.4.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.3.2.          Market Revenue and Forecast, by End User (2016-2027)

9.4.4.     North Africa

9.4.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.4.2.          Market Revenue and Forecast, by End User (2016-2027)

9.4.5.     South Africa

9.4.5.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.5.2.          Market Revenue and Forecast, by End User (2016-2027)

9.4.6.     Rest of MEA

9.4.6.1.          Market Revenue and Forecast, by Product (2016-2027)

9.4.6.2.          Market Revenue and Forecast, by End User (2016-2027)

9.5.  Latin America

9.5.1.     Market Revenue and Forecast, by Product (2016-2027)

9.5.2.     Market Revenue and Forecast, by End User (2016-2027)

9.5.3.     Brazil

9.5.3.1.          Market Revenue and Forecast, by Product (2016-2027)

9.5.3.2.          Market Revenue and Forecast, by End User (2016-2027)

9.5.4.     Rest of LATAM

9.5.4.1.          Market Revenue and Forecast, by Product (2016-2027)

9.5.4.2.          Market Revenue and Forecast, by End User (2016-2027)

Chapter 10.   Company Profiles

10.1.                  Lantheus Holdings, Inc

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.                 Siemens Healthineers

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.                 Advanced Accelerator Applications

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.                 GE Healthcare

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.                 Blue Earth Diagnostics

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.                 Jubilant Pharma Limited

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.                 China lsotope & Radiation Corporation

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.                 Eli Lilly and Company

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.                 Curium Pharma

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.              Yantai Dongcheng Pharmaceutical Group Co., Ltd.

10.10.1.                   Company Overview

10.10.2.                   Product Offerings

10.10.3.                   Financial Performance

10.10.4.                   Recent Initiatives

Chapter 11.   Research Methodology

11.1.                 Primary Research

11.2.                 Secondary Research

11.3.                 Assumptions

Chapter 12.   Appendix

12.1.                 About Us

12.2.                 Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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