Radiotheranostics Market Segmentation:
Approach Outlook Segment Analysis
The targeted therapeutic segment in the radiotheranostics market is anticipated to hold largest revenue share of about 52% during the forecast period. Utilizing radiopharmaceuticals for targeted therapy is part of the targeted therapeutic approach in the radiotheranostics sector. The market expansion is influenced by the fact that these radiopharmaceuticals are made to target and deliver radiation to certain disease targets or cancer cells within the body. Roughly 10 million deaths, or roughly one in six deaths, globally will be attributable to cancer in 2020. Additionally, by combining a therapeutic radioactive ingredient with a targeting molecule, like peptides or antibodies, radiopharmaceuticals can bind to tumor cells specifically and deliver a therapeutic dose of radiation to kill or stop the growth of cancer cells, which is what is driving the segment’s expansion in the market.
Radioisotopes Segment Analysis
The lutetium-177 segment is expected to hold 30% share of the global radiotheranostics market during the forecast period. The market's increasing LU-177 product availability and uptake is fuelling the Lutetium-177 segment's rise. Furthermore, compared to other therapeutic isotopes, Lu-177 has a longer half-life, allowing for a longer course of treatment and possibly better patient outcomes. For example, L-177 has a physical half-life of 6.7 days, according to Springer. Additionally, new product releases and recent product approvals have accelerated the segment's growth. For example, in December 2022, the European Commission approved Novartis's Pluvicto-targeted radioligand therapy for the treatment of prostate cancer.
Our in-depth analysis of the global radiotheranostics market includes the following segments:
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Approach Outlook |
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