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Radiopharmaceuticals and Contrast Media: Frost & Sullivan Predicts Market Growth in Europe
Date:11/7/2012

adds Eramangalath. "This is a key issue that affects the growth of this market, as the introduction and the pricing of the agent are decided by the healthcare authorities. Considering the high amount of capital involved in the development of radiopharmaceuticals, lack of reimbursement causes dissatisfaction among manufacturers, and in turn among investors."

In addition, radiopharmaceuticals have a short half-life period, and need to be used before their half-life period, as they lose half of their radioactivity within this duration. Transport and logistics of radioactive material is also a major restraint. Transport agencies need to acquire specific certifications and take precautions for radiopharmaceuticals, and only a selected few transport agencies have the proper resources for transporting and handling such products.

"It is therefore necessary that end users are educated by companies about effectiveness, safety measures, and overall developments in imaging procedures", concludes Eramangalath. "This is likely to help in brand building and ensuring customer loyalty, apart from providing competitive advantages over other participants. It is also recommended that companies collaborate with academic institutions and training facilities to increase awareness about nuclear medicine among the medical fraternity."

If you are interested in more information on this study, please send an email with your contact details to Anna Zanchi, Corporate Communications, at anna.zanchi@frost.com

Analysis of the European Radiopharmaceuticals and Contrast Media Market is part of the Advanced Medical Technologies Growth Partnership Service programme, which also includes research in the following markets:  European Markets for Molecular Imaging, European Market for Computed Tomography. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated follow
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