On 2024-9-14 Global Info Research released【Global Molybdenum-99 and Technetium-99m Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Molybdenum-99 and Technetium-99m industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Molybdenum-99 and Technetium-99m.
Molybdenum-99 (Mo-99) is the parent of Technetium-99m (Tc-99m), the most widely applied isotope in nuclear medicine diagnostics today. Its short 6-hour half-life and the amount of emitted energy (140 keV) make Tc-99m a perfect imaging agent. Mo-99 is essential in Technetium generator manufacturing.
The global Molybdenum-99 and Technetium-99m market size is expected to reach $ 499 million by 2030, rising at a market growth of 4.8% CAGR during the forecast period (2024-2030).
The Mo-99 market is characterized by high supplier concentration. Major producers such as NRG, IRE, ANSTO, NTP Radioisotopes, and Rosatom dominate the market. These companies leverage high-flux reactors and sophisticated processing facilities to produce Mo-99, which is then distributed globally. In 2023, the world's top five vendors accounted for 91.15 % of the revenue. This concentration can create vulnerabilities in the supply chain, particularly when technical or regulatory issues arise at key facilities.
Geographically, North America are the largest consumer of Mo-99, holding a market share of 51.64% in 2023. The U.S., despite its lack of domestic Mo-99 production since the late 1980s, remains a major importer of this isotope from countries such as Australia, Canada, Europe, and South Africa. Europe follows as the second-largest market with a 22.23% share, while the Asia-Pacific, particularly China, is emerging as the fastest-growing market.
One of the most significant trends affecting the Mo-99 market is the global transition from highly enriched uranium (HEU) to low-enriched uranium (LEU) in production processes. This shift is driven by international agreements aimed at reducing the proliferation risks associated with HEU. The United States, a major consumer of Mo-99, has been at the forefront of this transition, initiating the conversion of reactors and associated facilities from HEU to LEU since the late 1970s. By 2017, the U.S. officially excluded Mo-99 produced with HEU from its market, a move that was met with considerable response from major Mo-99 producers.
The global transition from HEU to LEU in Mo-99 production is set to be completed by 2026.
This transition has led to a significant increase in the production of Mo-99 using LEU. As of 2023, Mo-99 produced with LEU accounted for 94.48% of the global market. And the market segment for LEU-based Mo-99 is expected to continue expanding, which will occupy the entire market.
Looking ahead, the Molybdenum-99 (Mo-99) market is poised for significant evolution driven by several key trends. Technological advancements in reactor design and isotope processing will enhance production efficiency and safety, while innovations in waste management, such as Synroc® technology, address environmental concerns. Regulatory changes, particularly those related to non-proliferation and environmental protection, will continue to influence production practices. Moreover, the expanding healthcare infrastructure in developing regions, especially in APAC, will drive increased demand for Mo-99, presenting substantial growth opportunities.
With ongoing investments in technology and infrastructure, coupled with a focus on sustainability, the Mo-99 market is poised for continued growth and development in the coming years.
This report studies the global Molybdenum-99 and Technetium-99m production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Molybdenum-99 and Technetium-99m and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Molybdenum-99 and Technetium-99m that contribute to its increasing demand across many markets.
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Market segment by Type：
Market segment by Application：Medical Imaging、Others
Major players covered： NRG、IRE、ANSTO、NTP、Rosatom
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Molybdenum-99 and Technetium-99m product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Molybdenum-99 and Technetium-99m, with price, sales, revenue and global market share of Molybdenum-99 and Technetium-99m from 2019 to 2024.
Chapter 3, the Molybdenum-99 and Technetium-99m competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Molybdenum-99 and Technetium-99m breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Molybdenum-99 and Technetium-99m market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Molybdenum-99 and Technetium-99m.
Chapter 14 and 15, to describe Molybdenum-99 and Technetium-99m sales channel, distributors, customers, research findings and conclusion.
Data Sources:
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