The Europe Medical Isotope Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Medical Isotope Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $575.6 million by 2030. The UK market is exhibiting a CAGR of 7.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9.1% during (2023 - 2030).
Collaborative efforts between academia, industry, and healthcare institutions have fueled research and innovation in medical isotopes. Multidisciplinary research initiatives explore new isotopes, imaging techniques, and therapeutic approaches, driving advancements in nuclear medicine and molecular imaging. Regulatory approvals and market access pathways for medical isotopes have facilitated their adoption in clinical practice. Stringent regulatory oversight ensures the safety, efficacy, and quality of isotopic products, instilling confidence in healthcare providers and patients.
Additionally, medical isotopes have diverse applications across various fields of medicine, including diagnostic imaging, treatments, and biomedical research. Medical isotopes labeled with radioactive tracers are used in biomedical research to study physiological processes, molecular pathways, and disease mechanisms. Radiotracer studies help researchers investigate cellular metabolism, receptor binding, drug distribution, and disease progression.
The growth of the pharmaceutical industry in Belgium can drive competitiveness and innovation in the medical isotope market. According to the International Trade Administration (ITA), Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. Hence, the expansion of the pharmaceutical industry and high expenditure in the region’s healthcare sector are driving the market’s growth.
Free Valuable Insights: The Global Medical Isotope Market will Hit USD 9.1 Billion by 2030, at a CAGR of 8.6%
Based on Type, the market is segmented into Radioisotopes, and Stable Isotopes. Based on End User, the market is segmented into Hospitals, Diagnostic Centers, and Research Institutes. Based on Application, the market is segmented into Diagnostic, and Nuclear Therapy. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Mallinckrodt PLC
- Bayer AG
- GE HealthCare Technologies, Inc.
- Canadian Nuclear Laboratories (Atomic Energy Of Canada Limited)
- ITM Isotope Technologies Munich SE
- Siemens Healthineers AG
- Eczacibasi-Monrol
- NorthStar Medical Radioisotopes, LLC
- Nordion Inc. (Sotera Health LLC)
- Iba SA
Europe Medical Isotope Market Report Segmentation
By Type
- Radioisotopes
- Stable Isotopes
By End User
- Hospitals
- Diagnostic Centers
- Research Institutes
By Application
- Diagnostic
- Nuclear Therapy
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Medical Isotope Market, by Type
1.4.2 Europe Medical Isotope Market, by End User
1.4.3 Europe Medical Isotope Market, by Application
1.4.4 Europe Medical Isotope Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Medical Isotopes Market
Chapter 5. Europe Medical Isotope Market by Type
5.1 Europe Radioisotopes Market by Country
5.2 Europe Stable Isotopes Market by Country
Chapter 6. Europe Medical Isotope Market by End User
6.1 Europe Hospitals Market by Country
6.2 Europe Diagnostic Centers Market by Country
6.3 Europe Research Institutes Market by Country
Chapter 7. Europe Medical Isotope Market by Application
7.1 Europe Diagonostic Market by Country
7.2 Europe Nuclear Therapy Market by Country
Chapter 8. Europe Medical Isotope Market by Country
8.1 Germany Medical Isotope Market
8.1.1 Germany Medical Isotope Market by Type
8.1.2 Germany Medical Isotope Market by End User
8.1.3 Germany Medical Isotope Market by Application
8.2 UK Medical Isotope Market
8.2.1 UK Medical Isotope Market by Type
8.2.2 UK Medical Isotope Market by End User
8.2.3 UK Medical Isotope Market by Application
8.3 France Medical Isotope Market
8.3.1 France Medical Isotope Market by Type
8.3.2 France Medical Isotope Market by End User
8.3.3 France Medical Isotope Market by Application
8.4 Russia Medical Isotope Market
8.4.1 Russia Medical Isotope Market by Type
8.4.2 Russia Medical Isotope Market by End User
8.4.3 Russia Medical Isotope Market by Application
8.5 Spain Medical Isotope Market
8.5.1 Spain Medical Isotope Market by Type
8.5.2 Spain Medical Isotope Market by End User
8.5.3 Spain Medical Isotope Market by Application
8.6 Italy Medical Isotope Market
8.6.1 Italy Medical Isotope Market by Type
8.6.2 Italy Medical Isotope Market by End User
8.6.3 Italy Medical Isotope Market by Application
8.7 Rest of Europe Medical Isotope Market
8.7.1 Rest of Europe Medical Isotope Market by Type
8.7.2 Rest of Europe Medical Isotope Market by End User
8.7.3 Rest of Europe Medical Isotope Market by Application
Chapter 9. Company Profiles
9.1 Canadian Nuclear Laboratories (Atomic Energy of Canada Limited)
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.3 SWOT Analysis
9.2 ITM Isotope Technologies Munich SE
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.3 SWOT Analysis
9.3 ECZACIBAŞI-MONROL
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.3 SWOT Analysis
9.4 NorthStar Medical Radioisotopes, LLC
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.3 SWOT Analysis
9.5 Iba SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Mallinckrodt PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 GE HealthCare Technologies, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Nordion Inc. (Sotera Health LLC)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 Bayer AG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Siemens Healthineers AG (Siemens AG)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
TABLE 1 Europe Medical Isotope Market, 2019 - 2022, USD Million
TABLE 2 Europe Medical Isotope Market, 2023 - 2030, USD Million
TABLE 3 Europe Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 4 Europe Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 5 Europe Radioisotopes Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Radioisotopes Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Stable Isotopes Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Stable Isotopes Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 10 Europe Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 11 Europe Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Diagnostic Centers Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Diagnostic Centers Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Research Institutes Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Research Institutes Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 18 Europe Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 19 Europe Diagonostic Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Diagonostic Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Nuclear Therapy Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Nuclear Therapy Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Medical Isotope Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Medical Isotope Market by Country, 2023 - 2030, USD Million
TABLE 25 Germany Medical Isotope Market, 2019 - 2022, USD Million
TABLE 26 Germany Medical Isotope Market, 2023 - 2030, USD Million
TABLE 27 Germany Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 28 Germany Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 29 Germany Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 30 Germany Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 31 Germany Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 32 Germany Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 33 UK Medical Isotope Market, 2019 - 2022, USD Million
TABLE 34 UK Medical Isotope Market, 2023 - 2030, USD Million
TABLE 35 UK Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 36 UK Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 37 UK Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 38 UK Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 39 UK Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 40 UK Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 41 France Medical Isotope Market, 2019 - 2022, USD Million
TABLE 42 France Medical Isotope Market, 2023 - 2030, USD Million
TABLE 43 France Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 44 France Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 45 France Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 46 France Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 47 France Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 48 France Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 49 Russia Medical Isotope Market, 2019 - 2022, USD Million
TABLE 50 Russia Medical Isotope Market, 2023 - 2030, USD Million
TABLE 51 Russia Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 52 Russia Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 53 Russia Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 54 Russia Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 55 Russia Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 56 Russia Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 57 Spain Medical Isotope Market, 2019 - 2022, USD Million
TABLE 58 Spain Medical Isotope Market, 2023 - 2030, USD Million
TABLE 59 Spain Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 60 Spain Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 61 Spain Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 62 Spain Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 63 Spain Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 64 Spain Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 65 Italy Medical Isotope Market, 2019 - 2022, USD Million
TABLE 66 Italy Medical Isotope Market, 2023 - 2030, USD Million
TABLE 67 Italy Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 68 Italy Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 69 Italy Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 70 Italy Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 71 Italy Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 72 Italy Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 73 Rest of Europe Medical Isotope Market, 2019 - 2022, USD Million
TABLE 74 Rest of Europe Medical Isotope Market, 2023 - 2030, USD Million
TABLE 75 Rest of Europe Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of Europe Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 77 Rest of Europe Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 78 Rest of Europe Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 79 Rest of Europe Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 80 Rest of Europe Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 81 Key Information – Canadian nuclear Laboratories
TABLE 82 Key Information – ITM Isotope Technologies Munich SE
TABLE 83 Key Information – ECZACIBAŞI-MONROL
TABLE 84 Key Information – NorthStar Medical Radioisotopes, LLC
TABLE 85 Key Information – iba sa
TABLE 86 Key information – Mallinckrodt PLC
TABLE 87 Key Information – GE HealthCare Technologies, Inc.
TABLE 88 Key Information – Nordion Inc.
TABLE 89 Key Information – Bayer AG
TABLE 90 Key Information – Siemens Healthineers AG
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Medical Isotope Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Medical Isotope Market
FIG 4 Porter’s Five Forces Analysis - Medical Isotopes Market
FIG 5 Europe Medical Isotope Market share by Type, 2022
FIG 6 Europe Medical Isotope Market share by Type, 2030
FIG 7 Europe Medical Isotope Market by Type, 2019 - 2030, USD Million
FIG 8 Europe Medical Isotope Market share by End User, 2022
FIG 9 Europe Medical Isotope Market share by End User, 2030
FIG 10 Europe Medical Isotope Market by End User, 2019 - 2030, USD Million
FIG 11 Europe Medical Isotope Market share by Application, 2022
FIG 12 Europe Medical Isotope Market share by Application, 2030
FIG 13 Europe Medical Isotope Market by Application, 2019 - 2030, USD Million
FIG 14 Europe Medical Isotope Market share by Country, 2022
FIG 15 Europe Medical Isotope Market share by Country, 2030
FIG 16 Europe Medical Isotope Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Canadian Nuclear Laboratories
FIG 18 SWOT Analysis: ITM Isotope Technologies Munich SE
FIG 19 SWOT Analysis: Eczacibasi-Monrol
FIG 20 SWOT Analysis: NorthStar Medical Radioisotopes, LLC
FIG 21 SWOT Analysis: Iba SA
FIG 22 SWOT Analysis: Mallinckrodt PLC
FIG 23 SWOT Analysis: GE HealthCare Technologies, Inc.
FIG 24 Swot Analysis: Bayer AG
FIG 25 SWOT Analysis: Siemens Healthineers AG