Alpha Emitter Market Growth Drivers and Restraints:
Main drivers contributing to the growth of the market are rising incidences of cardiac & cancer ailments, raised awareness about the potential advantages of targeted alpha therapy and the growing availability of radiopharmaceuticals.
Shorter life of radiopharmaceuticals need for high capital investment, rigorous regulatory framework and restitution issues are the main factors impacting market growth.
Main drivers contributing to the growth of the alpha emittermarket are rising incidences of cardiac & cancer ailments, raised awareness about the potential advantages of targeted alpha therapy and the growing availability of radiopharmaceuticals.Alpha emitter offers many improvements when compared to beta emitters and photon therapy, thus giving it a frequently favored mode of treatment.North America accounted for the largest share in 2017, followed by Europe and Asia-Pacific.
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Alpha Emitter Market Segmentation:
The global alpha emitters market is segmented based on radionuclide type, medical utilization, end user and geography. Based on radionuclide model, the market is divided into Actinium, Astatine (At-211), Bismuth, Bismuth (Bi-212), Lead (Pb-212), Radium and Terbium (Tb-149). Alpha emitter offers many improvements when compared to beta emitters and photon therapy, thus giving it a frequently favored mode of treatment. As a result, this has caught the notice of key companies interested in realizing the market potential. The medical application section is categorized into bone metastasis, endocrine tumors, lymphoma, melanoma, ovarian cancer, pancreatic cancer, and thyroid. Alpha emitter medicine holds a great promise when related to chemotherapy as targeted alpha therapy allows clear discrimination among the healthy cells and cancer cells, and hence are effectively used for the treatment of cancers including ovarian carcinoma, pancreatic cancer etc.
Alpha Emitter Market Geographical Insights:
North America accounted for the largest share in 2017, followed by Europe and Asia-Pacific. Circumstances such as high-end research course in the United States, coupled with high advances in healthcare study and abundant knowledge in cancer research are feeding the growth in North America. In addition to this, the search for alpha emitters is increasing in developing markets such as China and India due to increasing disposable income, raising healthcare standards and reforms in foreign policies. The Asia-Pacific region is expected to grow at a lucrative rate over the forecast period. Growing government initiatives and trends toward the adoption of technologically-advanced outcomes for healthcare are some of the main factors responsible for this growth.
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