San Francisco, California, April 12, 2018: The multi-million dollar global automated radiosynthesis modules market is expected to remain strong, as demand continues to rise at a positive pace. The willingness among end users to spend on improving their performance in diagnostic activities and therapy monitoring will pave the way for impressive growth for the global automated radiosynthesis market. A new study by TMR Research, titled “Automated Radiosynthesis Modules Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” provides a detailed overview of various factors enabling growth in the market. It highlights key concerns of the market players and also gives recommendations to mitigate them. The report therefore provides an executive-level overview of the global automated radiosynthesis modules market.
Automated radiosynthesis modules help end users to customize radiotracers. These modules are easy to use and can be set up following simple methods. Their use in radiopharmaceuticals is expected to rise as a result of the increasing adoption of single-photon emission computed tomography (SPECT) and positron emission tomography (PET) techniques. Experts have identified this as a chief driver of the global automated radiosynthesis modules market. The rise in morbidity and mortality rates in response to the increasing incidence of chronic ailments has resulted in the increased use of PET and SPECT techniques in diagnosis. As a result of this, the demand for automated radiosynthesis modules will rise. Furthermore, favorable regulations will open attractive avenues for the market’s expansion in the coming years.
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While Europe and Asia Pacific will remain attractive markets for automated radiosynthesis modules, growth witnessed in North America is expected to remain exemplary through the course of the report’s forecast period. Holding the leading share, North America is projected to remain at the fore of the global market. Nonetheless, Asia Pacific will continue exhibiting strong growth despite the high price of automated radiosynthesis modules, which would remain a key concern for buyers in this region. The rising use of automated radiosynthesis modules in clinical researches will enable the market exhibit impressive growth in Asia Pacific in the coming years.
In order to capitalize on prevailing opportunities in Asia Pacific and other emerging markets, manufacturers are likely to focus more on product diversification. This will pave way for the market’s growth in developing countries. Furthermore, the rising demand from radiolabeled compound manufacturers and the advent of nuclear medicines will create substantial growth opportunities for the market around the world. Also, the market will benefit from the alleged mandate on the use of automated radiosynthesis modules for the safety of operators who are exposed to reduced radiation in a clinical setting. Spurred by these factors, the global market is forecast to exhibit robust growth in the coming years.
Some of the leading companies operating in the global automated radiosynthesis modules market are Posi-Med LLC, Scintomics GmbH, Eckert & Ziegler Group, Sofie Biosciences, and Sumitomo Corp.