Automated Radiosynthesis Modules Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Automated Radiosynthesis Modules Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?