Japan Technetium-99m Labeled Imaging Agent Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Technetium-99m (Tc-99m) is a pivotal radioisotope extensively utilized in Japan's nuclear medicine sector, particularly for diagnostic imaging procedures. Its significance in cardiac, bone, and renal scans underscores its indispensable role in modern healthcare.
In 2023, Japan's nuclear medicine market was valued at approximately USD 385.0 million and is projected to reach USD 735.9 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030. This substantial growth is primarily attributed to the escalating prevalence of chronic diseases and the increasing adoption of advanced diagnostic technologies. The diagnostics segment emerged as the largest revenue generator in 2023, while therapeutics are anticipated to register the fastest growth during the forecast period. citeturn0search0
The Technetium-99m labeled imaging agent market in Japan is characterized by a blend of domestic and international players. Key companies operating in this space include:
Bracco Imaging SpA: A global leader in diagnostic imaging, offering a range of products and solutions in the field of radiology.
Canon Inc.: Renowned for its medical imaging solutions, Canon has a significant presence in the nuclear imaging devices market.
Fujifilm (FUJIFILM Toyama Chemical Co. Ltd): Provides advanced medical imaging and diagnostic products, contributing to the nuclear medicine landscape in Japan.
GE Healthcare: Offers a comprehensive portfolio of nuclear imaging devices and radiopharmaceuticals, playing a crucial role in the market.
ATOX Co. Ltd: A domestic company involved in the development and supply of nuclear medicine products and services. citeturn0search1
Despite the robust market growth, challenges persist, particularly concerning the supply chain of Tc-99m. The isotope is derived from molybdenum-99 (Mo-99), which has a limited number of production facilities worldwide. Any disruptions, such as reactor shutdowns, can lead to significant shortages, impacting diagnostic procedures. For instance, in October 2024, a reactor in the Netherlands was temporarily shut down due to technical issues, leading to widespread cancellations of medical appointments in several countries, including Japan. citeturn0news24
To mitigate such risks, Japan has been exploring domestic production capabilities. The Japan Radioisotope Association (JRIA) established the Japan Foundation of Medical Isotope Development (JAFMID) in June 2018 to promote the local production of medical isotopes, aiming to reduce dependency on foreign suppliers and ensure a stable supply for the healthcare industry. citeturn0search0
In conclusion, the Technetium-99m labeled imaging agent market in Japan is poised for significant growth, driven by technological advancements and increasing healthcare demands. However, addressing supply chain vulnerabilities and fostering domestic production are crucial to sustaining this growth and ensuring the uninterrupted availability of essential diagnostic tools.
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Cardinal Health
GE Healthcare
Curium Pharma
Bracco Imaging
SIEMENS
Lantheus
China Isotope & Radiation Corporation
Yantai Dongcheng
Beijing Zhibo Hi-Tech Biotechnology Co.
Ltd.
Foshan Rui Diao Pharmaceutical
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Japan Technetium-99m Labeled Imaging Agent Market
Radiopharmaceuticals
Diagnostic Imaging Agents
Therapeutic Agents
Cardiovascular Imaging
Oncology Imaging
Bone Scanning
Pediatric Imaging
Neurological Imaging
Hospitals
Diagnostic Imaging Centers
Research and Academic Institutions
Specialty Clinics
Intravenous (IV) Administration
Intramuscular (IM) Administration
Oral Administration
Liquid Formulations
Lyophilized Powder Formulations
Pre-filled Syringes
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Technetium-99m Labeled Imaging Agent 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. Japan Technetium-99m Labeled Imaging Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Technetium-99m Labeled Imaging Agent Market, By Type
6. Japan Technetium-99m Labeled Imaging Agent Market, By Application
7. Japan Technetium-99m Labeled Imaging Agent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Technetium-99m Labeled Imaging Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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