Sodium Iodohippurate[131I] Injection Market was valued at USD 0.1 Billion in 2212 and is projected to reach USD 0.2 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
Between 2018 and 2212, the Sodium Iodohippurate[131I] Injection Market saw major developments, with key manufacturers focusing on product innovation and enhanced distribution channels to cater to a growing patient base. Increased healthcare spending, along with improved healthcare infrastructure in emerging economies, further fueled market growth. Additionally, a shift towards personalized medicine and the development of advanced imaging systems played a significant role in boosting demand. The compound's ability to help with the accurate assessment of renal health made it an essential part of diagnostic procedures. This period saw a notable increase in adoption among hospitals, diagnostic centers, and research institutions, which helped to establish a solid foundation for the market.
Looking forward, from 2023 to 2033, the Sodium Iodohippurate[131I] Injection Market is expected to witness a dynamic shift, influenced by technological advancements and an increasing focus on precision medicine. With the ongoing development of more advanced radiopharmaceuticals and the integration of artificial intelligence in medical imaging, the demand for Sodium Iodohippurate[131I] is set to rise even further. In particular, the expansion of healthcare facilities in developing regions will provide a significant boost to the market, as there is a growing need for cost-effective, non-invasive diagnostic tools. Additionally, the potential application of Sodium Iodohippurate[131I] in clinical research, such as drug development for kidney diseases, offers new opportunities for the market's growth. As a result, the market outlook for Sodium Iodohippurate[131I] Injection from 2023 to 2033 presents strong growth potential, with increasing global healthcare needs and the rise in chronic kidney diseases contributing to sustained demand.
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The Sodium Iodohippurate[131I] Injection Market has witnessed steady growth from 2018 to 2212, with an increasing demand driven by its key applications in diagnostic imaging, particularly for kidney and renal function analysis. The market for Sodium Iodohippurate[131I] injection, used primarily in nuclear medicine, expanded due to the rising prevalence of kidney diseases and advancements in medical imaging technologies. The compound is a critical tool for measuring renal function, and its role in healthcare is becoming more significant as the global population ages and the incidence of chronic kidney disease rises. Furthermore, the growing preference for minimally invasive diagnostic procedures has increased the demand for radiopharmaceuticals like Sodium Iodohippurate[131I].
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Mallinckrodt
Chengdu Gaotong Isotope Co.
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Hta Co.
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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 Global Sodium Iodohippurate[131I] Injection Market
Urology and Andrology Hospital
General Hospital
Based on Types the Market is categorized into Below types that held the largest Sodium Iodohippurate[131I] Injection market share In 2023.
37 MBq
111 MBq
185 MBq
370 MBq
Others
Global (United States, Global 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 Sodium Iodohippurate[131I] 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 Sodium Iodohippurate[131I] Injection Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sodium Iodohippurate[131I] Injection Market, By Type
6. Global Sodium Iodohippurate[131I] Injection Market, By Application
7. Global Sodium Iodohippurate[131I] Injection Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Sodium Iodohippurate[131I] Injection Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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