Alpha Emitter Market Segment Fueling Growth Of The Overall Market


https://www.coherentmarketinsights.com/market-insight/alpha-emitter-market-5534
Alpha Emitter Market


Market Overview:
Alpha emitter therapies are used in the treatment of various types of cancers like prostate, breast and ovarian cancers. Alpha emitters like actinium-225 and bismuth-213 are directly attached to monoclonal antibodies that bind to cancer cells. They deliver a high dose of radioactivity selectively to the tumor cells while causing minimal damage to normal tissues in the vicinity.

Market key trends:
One of the major trends in the alpha emitter market is the use of Actinium-225 based radiotherapies for the treatment of cancer. Actinium-225 possesses beneficial properties such as a short half-life of 10 days and alpha particle emitting decay which allows it to selectively target cancer cells. Companies such as Actinium Pharmaceuticals and Bayer are developing Actinium-225 based targeted alpha therapies for indications like acute myeloid leukemia, and neuroendocrine tumors. In 2023, Actinium Pharmaceuticals announced positive results from the Phase 1 trial of Actimab-A for relapsed/refractory AML which can potentially progress the drug into further clinical trials.

The global Alpha Emitter Market Share is estimated to be valued at US$ 1,331.0 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global alpha emitter market can be segmented based on product, application, end-user, and region. Based on product, the alpha emitter market is segmented into actinium-227, radium-223, and others. The radium-223 segment dominated the market in 2022 as radium-223 has received FDA approval for the treatment of castration-resistant prostate cancer. It also provides palliative benefit for bone metastases without severe side effects.

Key Takeaways
The global alpha emitter market is expected to witness high growth, exhibiting a CAGR of 10.% over the forecast period, due to increasing prevalence of cancer globally.

Regional analysis
North America is expected to dominate the alpha emitter market during the forecast period. This is primarily attributed to factors such as rising prevalence of cancer, well-established healthcare facilities, and presence of key market players in the region. According to the American Cancer Society, in 2023, around 1.9 million new cancer cases are expected to be diagnosed in the U.S.

Key players
Key players operating in the alpha emitter market are Actinium Pharmaceutical Inc., Alpha Tau Medical Ltd, Bayer AG, Bracco, Cardinal Health, Eckert & Ziegle, Fusion Pharmaceuticals, IBA Worldwide, NorthStar Medical Radioisotopes (NMR), Orano Group, Viewpoint Molecular Targeting, RadioMedix, Telix Pharmaceuticals Limited., TerraPower, LLC, NIOWAVE Inc. and IONETIX Corporation. Actinium Pharmaceutical Inc. and Alpha Tau Medical Ltd are dominating the global alpha emitter market owing to their diverse product offerings. Read More: https://www.dailyprbulletin.com/alpha-therapy-drugs-to-boost-the-growth-of-alpha-emitter-market-trend-and-share-analysis/

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers
Read more