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Global Automated Radiosynthesis Modules Market: Snapshot
The global automated radiosynthesis modules market is forecasted to be a million-dollar opportunity for industry participants expected to be encouraged by a colossal demand in the recent years. End users of automated radiosynthesis modules could ensure an improved performance in their therapy monitoring and diagnostic activities. With the help of these modules, end users could also gain a wide scope for the customization of radiotracers. Besides this, the application of automated radiosynthesis modules is anticipated to be strengthened by their easy use and simple set up. Available as automated equipment, radiosynthesis modules could be engaged for the production and formulation of radiotracers for decentralized settings.
Manufacturers of automated radiosynthesis modules are predicted to be advantaged by additional income by catering to the requirements of new markets through the diversification of their product offerings. The demand for automated radiosynthesis modules could be fortified by radiolabeled compound manufacturers keen on adopting them and the rise of new era nuclear medicines. The alleged global mandate on the employment of automated radiosynthesis modules to protect operators with reduced radiation exposure in a clinical setting is envisioned to bode well for the market. Furthermore, the high accuracy offered by automated radiosynthesis modules could create new opportunities in the market in view of increased adoption.
The benefits of producing quality radiopharmaceuticals for multiple applications and receiving a high yield are foreseen to significantly increase the growth of the global automated radiosynthesis modules market. Funding and grants provided by governments around the world could be another factor supporting the market growth.
Global Automated Radiosynthesis Modules Market: Overview
The world automated radiosynthesis modules market is prognosticated to gain traction with the heavy adoption of PET (positron emission tomography) and SPECT (single-photon emission computed tomography) imaging and widespread of chronic diseases. Automated radiosynthesis modules can be employed to improve the scope of customization of radiotracers to help with the therapy and diagnostic monitoring performance for end users. They are the breakthrough evolution of the production and formulation of radiotracers in decentralized settings.
Global Automated Radiosynthesis Modules Market: Key Trends
The buyers of automated radiosynthesis modules are significantly impressed by their encouraging capacity to create radiotracers for a variety of applications. This has increasingly augmented the possibility of introducing newer opportunities in the world automated radiosynthesis modules market for the manufacturers to take hold of. Howbeit, end users could be shy of adopting the modules on account of their premium cost. Nonetheless, the lavish spending by government as well as private bodies on grants for the promotion of automated radiosynthesis modules is envisaged to compensate for the slow sale predicted.
The usage of tomographic imaging diagnostics methods can be dramatically enhanced with the incorporation of PET and SPECT techniques in radiopharmaceuticals. As a result, complex diagnostic processes of chronic diseases can be utterly simplified with high-resolution quality imaging.
Global Automated Radiosynthesis Modules Market: Market Potential
The fully automated radiosynthesis modules market has attained a large focus in the recent time with vendors such as RadioMedix, Inc. making their presence known in key regions such as the U.S. In 2016, RadioMedix successful installed All in One (AIO) and SmartMedix (mini AIO) synthesizers in various research and clinical sites in the U.S. such as Wake Forest University, University of Pennsylvania, Johns Hopkins University, and Excel Diagnostic Clinic. Powered by Trasis S.A., the automated modules of RadioMedix are good manufacturing practice (GMP) compliant and allow for efficient clinical dose preparation and research process optimization and product development.
There has been a high adoption of radiopharmaceuticals witnessed as cancer treatments worldwide include radiotherapy as a viable option. In this regard, the global automated radiosynthesis modules market is expected to entertain a parallel pattern of growth as the radiopharmaceuticals market grows in size. The reason for this parallel growth is the expansive implementation of automated radiosynthesis module in the manufacture of radiopharmaceuticals.
A 2016 research published in one of the SpringerOpen journals has revealed the versatile nature of AIO synthesis module in the preparation of six varied F-labeled radiopharmaceuticals used for performing PET imaging studies.
Global Automated Radiosynthesis Modules Market: Regional Outlook
While the growth in the international automated radiosynthesis modules market is predominantly attributed to the traces of tangible developments in Asia Pacific and Europe, North America is anticipated to secure a titanic share in terms of volume. North America is foretold to accommodate a concentrated share of a major part of the automated radiosynthesis modules market.
Nevertheless, the honor of posting growth at a stallion pace could be placed into the hands of Asia Pacific for the forecast period. Although the higher price of automated radiosynthesis modules in Asia Pacific will benefit vendors, the buyers in this market could be turned off. However, the binge development of automated radiosynthesis modules and their pressing need in various momentous clinical and research trials are predicted to answer for the faster growth in Asia Pacific.
Global Automated Radiosynthesis Modules Market: Competitive Analysis
As explained previously, since North America and Asia Pacific are researched as crucial grounds to start afresh or extend automated radiosynthesis modules portfolio, key vendors in the global market will look to capitalize on these regions.
Players such as Eckert & Ziegler Group, Posi-Med LLC, Raytest Isotopenmessgerte GmbH, Sofie Biosciences, Scintomics GmbH, and Sumitomo Corp could be eying the grants and funding provided by private and government institutions. Top players such as IBA Radiopharma Solutions, Siemens Healthcare, and GE Healthcare are envisioned to leave no stone unturned and leverage every opportunity to expand their product portfolio worldwide.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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