Australia Nuclear Medicine Market Size & Outlook, 2026-2033
Global Market
Related Markets
Australia nuclear medicine market highlights
- The Australia nuclear medicine market generated a revenue of USD 497.6 million in 2025 and is expected to reach USD 859.4 million by 2033.
- The Australia market is expected to grow at a CAGR of 6.3% from 2026 to 2033.
- In terms of segment, diagnostics was the largest revenue generating product in 2025.
- Diagnostics is the most lucrative product segment registering the fastest growth during the forecast period.
Nuclear medicine market data book summary
| Market revenue in 2025 | USD 497.6 million |
| Market revenue in 2033 | USD 859.4 million |
| Growth rate | 6.3% (CAGR from 2026 to 2033) |
| Largest segment | Diagnostics |
| Fastest growing segment | Diagnostics |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Jubilant Pharmova, Nordion, Bracco, Iren SpA, Abliva AB, Lantheus Holdings Inc, Eckert & Ziegler Bebig SA, Mallinckrodt PLC Ordinary Shares - New, Cardinal Health Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global nuclear medicine market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China nuclear medicine market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,880.0 million by 2033.
Australia is considered to be one of the top six manufacturers of radioisotopes in the world. It has been estimated that the OPAL reactor provided 15% of the global supply of Mo-99 radiopharmaceuticals in 2018. About 80.0% of radioisotopes produced in the OPAL reactor are used for diagnostic purposes, while the remaining are used for therapeutic purposes.
This reactor produces radioisotopes to meet the growing demand in the country, as well as to export them to nearby countries in the Asia Pacific region. The Australian Nuclear Science Technology Organization (ANSTO) is trying to find a solution for the disposal of nuclear waste.
Furthermore, the company is undertaking initiatives to boost local manufacturing of radiopharmaceuticals, which will fuel market growth. For instance, in July 2019, ANSTO received TGA approval to manufacture F-18 for clinical trials.
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Publish Date: Jun 17, 2026
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Nuclear Medicine Market Scope
Nuclear Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Cardinal Health Inc | View profile | 48,000 | 7000 Cardinal Place, Dublin, OH, United States, 43017 | www.cardinalhealth.com |
| Mallinckrodt PLC Ordinary Shares - New | View profile | 2,700 | College Business and Technology Park, Cruiserath, Blanchardstown, Dublin, Ireland, 15 | www.mallinckrodt.com |
| Eckert & Ziegler Bebig SA | View profile | 501-1000 | Seneffe, Hainaut, Belgium, Europe | www.ezag.com/home/ |
| Nordion | View profile | 251-500 | Kanata, Ontario, Canada, North America | nordion.com |
| Bracco | View profile | 1001-5000 | Milan, Lombardia, Italy, Europe | www.bracco.com |
| Lantheus Holdings Inc | View profile | 834 | 201 Burlington Road, South Building, Bedford, MA, United States, 01730 | www.lantheus.com |
| Jubilant Pharmova | View profile | 10001+ | Noida, Uttar Pradesh, India, Asia | www.jubilantpharmova.com |
| Iren SpA | View profile | 10,000 | Via Nubi di Magellano, 30, Reggio Emilia, Italy, 42123 | www.gruppoiren.it |
| Abliva AB | View profile | 6 | Scheeletorget 1, Medicon Village, Lund, Sweden, 223 81 | www.abliva.com |
Australia Nuclear Medicine Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Nuclear Medicine Market Outlook will help companies and investors design strategic landscapes.
Diagnostics was the largest segment with a revenue share of 86.96% in 2025.
Horizon Databook has segmented the Australia nuclear medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2021 to 2033.
Australia is considered to be one of the top six manufacturers of radioisotopes in the world. It has been estimated that the OPAL reactor provided 15% of the global supply of Mo-99 radiopharmaceuticals in 2018. About 80.0% of radioisotopes produced in the OPAL reactor are used for diagnostic purposes, while the remaining are used for therapeutic purposes.
This reactor produces radioisotopes to meet the growing demand in the country, as well as to export them to nearby countries in the Asia Pacific region. The Australian Nuclear Science Technology Organization (ANSTO) is trying to find a solution for the disposal of nuclear waste.
Furthermore, the company is undertaking initiatives to boost local manufacturing of radiopharmaceuticals, which will fuel market growth. For instance, in July 2019, ANSTO received TGA approval to manufacture F-18 for clinical trials.
- Australia Nuclear Medicine Market Product Outlook (Revenue, USD Million , 2021-2033)
- Diagnostics
- Therapeutics
- Australia Nuclear Medicine Market Application Outlook (Revenue, USD Million , 2021-2033)
- Cardiology
- Neurology
- Oncology
- Thyroid
- Lymphoma
- Bone Metastasis
- Endocrine Tumor
- Pulmonary Scans
- Urology
- Other
- Australia Nuclear Medicine Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Hospitals
- Diagnostic Centers
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Nuclear Medicine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Nuclear Medicine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Australia Nuclear Medicine Market, 2021-2033 (US$M)
Australia nuclear medicine market statistics, by product, 2021-2033 (US$M)
