Strontium-89 Chloride Injection Market size was valued at USD 150 Million in 2024 and is forecasted to grow at a CAGR of 6.4% from 2026 to 2033, reaching USD 250 Million by 2033.
The global Strontium 89 Chloride Injection market was valued at approximately USD 60 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth can be attributed to the increasing prevalence of bone metastases and the rising demand for palliative care therapies in cancer patients. The market is anticipated to expand as Strontium 89 Chloride Injection is recognized for its effectiveness in managing bone pain caused by metastatic cancers, driving demand in various regions. The North American market dominates, contributing over 40% of the global market share due to advancements in healthcare infrastructure and a high incidence of cancer cases in the region. Europe holds a significant share as well, accounting for around 25%, driven by increasing approval and usage of radiopharmaceutical therapies. The Asia Pacific region, however, is expected to witness the fastest growth at a CAGR of 7.3%, due to the rising healthcare expenditure and an improving healthcare landscape in countries like China and India.
Regionally, North America accounted for the largest market share in 2022, driven by the high adoption of advanced therapies and a robust healthcare infrastructure. The market in Europe is anticipated to continue expanding at a steady rate due to the increasing preference for radiopharmaceuticals in managing cancer pain. The Asia Pacific region, with its rapid growth in healthcare technologies and an aging population, presents significant opportunities for market players. Latin America and the Middle East & Africa are expected to contribute modestly to the market but will see gradual growth over the forecast period. Increasing healthcare investments and rising awareness about Strontium 89 Chloride Injections therapeutic benefits are anticipated to support market growth across these regions, especially in emerging economies where cancer cases are rising at an alarming rate.
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Q BioMed
Bio Nucleonics Inc
Yantai Dongcheng Biochemicals Co.
Ltd.
Hta Co.
Ltd
Chengdu Gaotong Isotope Co.
Ltd.
Jaco Pharmaceuticals Co
ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Strontium-89 Chloride Injection Market
Bone Pain Palliation
Metastatic Bone Cancer
Multiple Myeloma
Other Oncology Uses
Hospitals
Oncology Clinics
Ambulatory Surgical Centers
Research Institutions
Intravenous Injection
Subcutaneous Injection
Sterile Solutions
Lyophilized Preparations
Direct Sales
Pharmaceutical Wholesalers
Online Pharmacies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Strontium-89 Chloride Injection Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Strontium-89 Chloride Injection Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Strontium-89 Chloride Injection Market, By Type
6. Global Strontium-89 Chloride Injection Market, By Application
7. Global Strontium-89 Chloride Injection Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Strontium-89 Chloride Injection Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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