Radiochemical Synthesizers Market: Market Outlook
Radiochemical synthesizers make chemical products which include small portions of radioisotopes by irradiating a selected target which are found inside a nuclear research reactor or in a particle accelerator. When such radioisotopes are produced, these are tagged on certain molecules based on biological capabilities which leads to Radiotherapy. Lie any other medical or pharmaceutical product, Radiochemical synthesizers are also needed to be produced under carefully controlled conditions which are cause to undergo rigorous tests for their quality before they are commercially available. Above 100 Radiochemical were developed, using theses radioisotopes which were either produced through nuclear reactors or particle accelerators. Radiochemical synthesizers are used to diagnose various medical problems like neurological conditions or cardiac anomalies and are also used to treat certain conditions of cancers.
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Radiochemical Synthesizers Market size is done based on a triangulation methodology that is primarily based on experimental modelling approaches such as patient-level data or disease epidemiology for any key indications , number of procedures and install base analysis for any equipment to obtain precise market estimations for the base year as well as in historic data analysis. Bottom-up approach is always used to obtain Radiochemical Synthesizers Market insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Radiochemical Synthesizers Market and quantified with insightful rationale.
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Radiochemical Synthesizers Market: Segmentation
Based on Product, the global Radiochemical Synthesizers Market is segmented as:
- Cyclotron
- Nuclear Reactor
- Radionuclide generator
Based on indications, the global Radiochemical Synthesizers Market is segmented as:
- Cancer Treatment
- Neurology
- Cardiology
Based on end user, the global Radiochemical Synthesizers Market is segmented as:
- Hospitals
- Pharmaceutical Companies
- Academic and Research centres
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Competitive Landscape
Some of the major players in the global Radiochemical Synthesizers Market are Mercurius Health, IBA, Elysia, IAEA, Advion, Inc, Advanced Cyclotron Systems, JSC Isotope, Lantheus Medical Imaging, Inc., BV Cyclotron VU, LabLogic Systems Ltd, NorthStar Medical Technologies Technological advancement in already marketed products, which is the major trend emerging in the global Radiochemical Synthesizer Market.
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How is the Growing Incidence of Cancer Reshaping the Radiochemical Synthesizers Market?
The most widespread disease currently is cancer, which has increased the demand for radiotherapy. Rise in geriatric population and rise in cancer research are the key factors contributing towards the growth of radiotherapy. Since, chemotherapy drugs have oftentimes been associated with cardio toxicity, leading to life-threatening disease such as heart failure and even myocardial dysfunction. This leads to increase in demand for radiochemical synthesizers for cancer treatment.
The most widespread disease currently is cancer, which has increased the demand for radiotherapy. Rise in geriatric population and rise in cancer research are the key factors contributing towards the growth of radiotherapy. Since, chemotherapy drugs have oftentimes been associated with cardio toxicity, leading to life-threatening disease such as heart failure and even myocardial dysfunction. This leads to increase in demand for radiochemical synthesizers for cancer treatment.
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