Product Code: ETC13269895 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Gallium-68 Market was valued at USD 0.3 Billion in 2024 and is expected to reach USD 0.5 Billion by 2031, growing at a compound annual growth rate of 7.70% during the forecast period (2025-2031).
The Global Gallium-68 Market is experiencing significant growth driven by the increasing prevalence of cancer and the rise in demand for more accurate diagnostic tools. Gallium-68 is a radioactive isotope used in PET imaging to detect various types of cancer, providing better visualization and early detection of tumors. The market is also propelled by advancements in radiopharmaceuticals and molecular imaging technologies. Key players in the market are focusing on research and development to introduce innovative products and expand their geographic presence. North America currently holds a significant share in the market due to well-established healthcare infrastructure and high adoption of advanced medical technologies. However, Asia Pacific is expected to witness rapid growth owing to increasing healthcare expenditure and rising awareness about early disease detection.
The Global Gallium-68 Market is experiencing significant growth due to the increasing prevalence of cancer and the rising demand for accurate diagnostic imaging. Gallium-68 is widely used in PET imaging, particularly for neuroendocrine tumors and prostate cancer. The market is also benefiting from advancements in radiopharmaceuticals and nuclear medicine technology, as well as the expanding applications of Gallium-68 in theranostics. Additionally, the increasing investments in research and development activities aimed at expanding the utility of Gallium-68 in various medical conditions are creating new opportunities for market growth. Collaborations between pharmaceutical companies and research institutions are further driving innovation in the field. Overall, the Global Gallium-68 Market is poised for continued expansion in the coming years.
The Global Gallium-68 market faces several challenges, including limited availability of Gallium-68 due to the reliance on cyclotrons for its production, which can lead to supply chain disruptions. Additionally, the high cost associated with Gallium-68 production and the need for specialized equipment for its use in diagnostic imaging procedures pose financial barriers for market growth. Furthermore, regulatory hurdles in some regions regarding the use and distribution of radiopharmaceuticals, including Gallium-68, can hinder market expansion. Lastly, the lack of standardized guidelines for Gallium-68 production and usage across different countries can create inconsistencies in quality and accessibility, impacting the market`s overall advancement and adoption.
The Global Gallium-68 Market is primarily driven by the increasing prevalence of cancer worldwide, leading to a growing demand for diagnostic imaging techniques such as Positron Emission Tomography (PET). Gallium-68, as a radioisotope used in PET imaging, offers advantages such as high sensitivity and accuracy in detecting tumors, which is fueling its adoption in oncology diagnostics. Additionally, the shift towards personalized medicine and the development of targeted cancer therapies are further driving the demand for Gallium-68 radiopharmaceuticals. The rise in research and development activities for the development of new radiotracers and the expanding applications of Gallium-68 in areas such as neurology and cardiology are also contributing to the market growth. Overall, the increasing focus on early and accurate diagnosis of cancer is a key driver propelling the Global Gallium-68 Market.
Government policies related to the Global Gallium-68 Market primarily focus on regulatory approval processes, import/export regulations, and radiation safety standards. In many countries, Gallium-68 radiopharmaceuticals are subject to strict regulatory oversight by health authorities to ensure product quality, safety, and efficacy. Import/export regulations govern the cross-border movement of Gallium-68 products to prevent unauthorized distribution and ensure compliance with international trade agreements. Additionally, governments enforce radiation safety standards to protect healthcare workers, patients, and the environment from potential radiation hazards associated with Gallium-68 usage. These policies aim to facilitate market access for Gallium-68 products while safeguarding public health and safety through stringent regulatory frameworks and monitoring mechanisms.
The Global Gallium-68 Market is expected to witness significant growth in the coming years due to the increasing use of Gallium-68 in PET imaging for cancer diagnosis and treatment. The rising prevalence of cancer worldwide, coupled with the growing adoption of advanced imaging technologies, is driving the demand for Gallium-68. Additionally, the development of new radiopharmaceuticals utilizing Gallium-68 for various medical applications is further fueling market growth. Moreover, the ongoing research and development activities aimed at expanding the applications of Gallium-68 in other disease areas are likely to create lucrative opportunities for market expansion. However, challenges such as regulatory hurdles and high production costs may hinder market growth to some extent. Overall, the Global Gallium-68 Market is poised for steady growth in the foreseeable future.
In the Global Gallium-68 Market, Asia is expected to witness significant growth due to increasing investments in healthcare infrastructure and rising adoption of advanced medical imaging technologies. North America is projected to dominate the market owing to well-established healthcare facilities and high prevalence of cancer cases driving the demand for Gallium-68-based imaging diagnostics. Europe is also a key market with a strong focus on research and development activities in nuclear medicine. In the Middle East and Africa region, the market growth is driven by improving healthcare facilities and rising awareness about early disease detection. Latin America is anticipated to show steady growth with improving access to healthcare services and increasing investments in medical technology. Overall, the global Gallium-68 market is poised for expansion across all regions due to the growing importance of precision medicine and personalized healthcare solutions.
Global Gallium-68 Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Gallium-68 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Gallium-68 Market Revenues & Volume, 2021 & 2031F |
3.3 Global Gallium-68 Market - Industry Life Cycle |
3.4 Global Gallium-68 Market - Porter's Five Forces |
3.5 Global Gallium-68 Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Gallium-68 Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Global Gallium-68 Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Gallium-68 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Gallium-68 Market Trends |
6 Global Gallium-68 Market, 2021 - 2031 |
6.1 Global Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Gallium-68 Market, Revenues & Volume, By Oncology, 2021 - 2031 |
6.1.3 Global Gallium-68 Market, Revenues & Volume, By Cardiology, 2021 - 2031 |
6.1.4 Global Gallium-68 Market, Revenues & Volume, By Neurology, 2021 - 2031 |
6.1.5 Global Gallium-68 Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Gallium-68 Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.2.3 Global Gallium-68 Market, Revenues & Volume, By Diagnostic Centers, 2021 - 2031 |
6.2.4 Global Gallium-68 Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Gallium-68 Market, Overview & Analysis |
7.1 North America Gallium-68 Market Revenues & Volume, 2021 - 2031 |
7.2 North America Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 North America Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Gallium-68 Market, Overview & Analysis |
8.1 Latin America (LATAM) Gallium-68 Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Latin America (LATAM) Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Gallium-68 Market, Overview & Analysis |
9.1 Asia Gallium-68 Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
9.4 Asia Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Gallium-68 Market, Overview & Analysis |
10.1 Africa Gallium-68 Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
10.4 Africa Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Gallium-68 Market, Overview & Analysis |
11.1 Europe Gallium-68 Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
11.4 Europe Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Gallium-68 Market, Overview & Analysis |
12.1 Middle East Gallium-68 Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Gallium-68 Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Gallium-68 Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Gallium-68 Market, Revenues & Volume, By Application, 2021 - 2031 |
12.4 Middle East Gallium-68 Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Gallium-68 Market Key Performance Indicators |
14 Global Gallium-68 Market - Export/Import By Countries Assessment |
15 Global Gallium-68 Market - Opportunity Assessment |
15.1 Global Gallium-68 Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Gallium-68 Market Opportunity Assessment, By Application, 2021 & 2031F |
15.3 Global Gallium-68 Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Gallium-68 Market - Competitive Landscape |
16.1 Global Gallium-68 Market Revenue Share, By Companies, 2024 |
16.2 Global Gallium-68 Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |