Analysts’ Viewpoint on Market Scenario
Rise in preference for PET/CT and PET scans for the diagnosis and treatment of cancer is projected to boost the global germanium-68/gallium-68 generators market size in the next few years. The COVID-19 pandemic has had a profound impact on imaging practices across the globe. This, in turn, has led to a significant decline in demand for germanium-68/gallium-68 generators.
Implementation of stringent regulations for the global supply chain and trade of raw materials to limit the transmission of coronavirus adversely affected the global market for imaging solutions in 2020. However, the market regained momentum in 2021. Leading players in the global Ge-68/Ga-68 generators industry are developing advanced products to broaden their revenue streams.
Ge-68/Ga-68 generator is used to produce the positron-emitting radioisotope Ga-68. With a half-life of 270.95 days, the parent isotope Ge-68 can be easily transported to hospitals as a generator and utilized as the source of Ga-68 for at least a year. The secular equilibrium between the parent radionuclide germanium-68 and its daughter gallium-68 serves as the foundation for the 68Ge/68Ga generator. Germanium-68 decays to gallium-68 through electron capture with a half-life of 270.95 days. Following this transformation, gallium-68 decays to stable zinc-68.
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Increase in availability of gallium-68 via radionuclide generators is augmenting its adoption in nuclear medicine. Additionally, a cyclotron is not required for the production of gallium-68. Thus, small facilities without an on-site cyclotron can also synthesize PET tracers. Authorized generators are available for the manufacture of 68Ga-labeled radiopharmaceuticals under GMP (Good Manufacturing Practice) guidelines. GalliaPharm (Eckert & Ziegler, Berlin, Germany) and Galli Ad (IRE ELit, Fleurus, Belgium) are some of the widely used generators in Europe. GalliaPharm and Galli Eo are approved by the FDA in the U.S.
Adoption of short-lived radionuclides is increasing significantly across the globe. Patients can be administered with larger dosages of these radionuclides with low radiation to generate excellent-quality images. This rise in usage of short-lived radionuclides has led to a surge in R&D of radionuclide generators.
According to GLOBOCAN 2020 report, around 1.4 million new cases and 375,000 deaths were reported globally due to prostate cancer. In 2020, prostate cancer was the second most frequent cancer and the fifth leading cause of cancer death among men. Prostate cancer is typically diagnosed with biopsy and its risk is classified by the concentration of prostate-specific antigen in serum and the clinical stage.
Conventional imaging of prostate cancer in staging, restaging after cancer recurrence, and assessment for therapeutic response has various limitations. Structural imaging techniques such as MRI are beneficial in assessing the intra-prostatic progression of the disease. However, PET is superior in the detection of extraprostatic metastases.
Germanium-68/gallium-68 generators are routinely used for prostate cancer imaging. They can be employed for labeling different small molecules and peptides. For instance, 68Ga-PSMA-11 is a novel PET agent used to detect recurrent and metastatic prostate cancer. Thus, increase in incidence of prostate cancer is likely to propel market development during the forecast period.
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PET/CT and PET are modern systems used for the diagnosis and treatment of cancer, cardiovascular diseases, and neurological disorders. Application of gallium-68 in PET imaging helps improve dosimetry and repeat imaging. PET radioisotopes have short half-lives. Thus, short duration is available to synthesize the radiopharmaceutical and get it injected into the patient once the radioactive isotope is produced. Therefore, PET and the generator should be a few minutes away from each other.
According to the American Nuclear Society, 90% of radioisotopes are used in gamma cameras or PET scan nuclear diagnostics. The remaining 10% are used in radioactive therapeutic drugs for the treatment of cancer and cardiovascular, gastrointestinal, endocrine, and neurological disorders. This is anticipated to offer lucrative growth opportunities for germanium-68/gallium-68 generators market in the next few years.
According to the latest germanium-68/gallium-68 generators market trends, the 100 mCi type of generator segment held maximum share in 2021. The segment is expected to maintain its dominance during the forecast period.
100 mCi generator provides users with more flexibility by increasing the number of daily elutions and the activity in each elution. This ultimately boosts the number of patients that can be served. This is likely to allow companies to better supply medical providers and their patients with current and future novel Ga-68 diagnostics.
According to the latest analysis of the germanium-68/gallium-68 generators market segmentation, the diagnostic centers end-user segment accounted for the largest share in 2021. Growth of the segment can be ascribed to the rise in cases of cancer across the globe.
According to the American Cancer Society, the U.S. is estimated to record approximately 1,918,030 cancer cases by the end of 2022, accounting for about 5250 new cases each day. The proportion of prostate cancer diagnosed at a distant stage has increased from 3.9% to 8.2% over the past decade.
Europe is expected to dominate the global industry during the forecast period. Growth of the market can be ascribed to the presence of robust distribution channels of major players in the region.
Asia Pacific is expected to record faster market expansion during the forecast period. Increase in awareness about the usage of radioisotopes, such as gallium 68, for PET scanning is anticipated to boost market development in the region. Rise in importance of nuclear medicine in a number of medical disciplines, including cardiology, oncology, and endocrinology, is anticipated to drive the market in Asia Pacific in the near future.
The germanium-68/gallium-68 generators market report provides profiles of leading players, including Eckert & Ziegler, IRE ELiT, Cardinal Health, ITM Isotope Technologies Munich SE, RadioMedix, Inc., iThemba Labs, Isotope JSC., B. J. Madan & Co., artms.ca, and IBA Radiopharma Solutions.
Ge-68/ga-68 generator manufacturers are adopting new technologies and growth strategies to enhance their market share. Major companies are investing significantly in comprehensive R&D activities to introduce novel products and offer robust services. Expansion of product portfolios and mergers & acquisitions are prominent strategies adopted by key players to increase their market share.
Each of these players has been profiled on the basis of parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 35.8 Mn |
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Market Forecast Value in 2031 |
More than US$ 140.7 Mn |
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Compound Annual Growth Rate (CAGR) |
14.4% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2021 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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|
Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
It was valued at US$ 35.8 Mn in 2021
It is projected to reach more than US$ 140.7 Mn by 2031
I is anticipated to advance at a CAGR of 14.4% from 2022 to 2031
The 100 mCi type of generator segment held more than 55% share in 2021
Europe is expected to account for major share of the business in 2031
Eckert & Ziegler, IRE ELiT, Cardinal Health, ITM Isotope Technologies Munich SE, RadioMedix, Inc., iThemba Labs, Isotope JSC, B. J. Madan & Co., artms.ca, and IBA Radiopharma Solutions
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Germanium-68/Gallium-68 Generators Market
4. Market Overview
4.1. Introduction
4.1.1. Type of Generator Definition
4.1.2. Industry Evolution/Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, 2017 - 2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Key Mergers & Acquisitions
5.2. Key Product/Brand Analysis
5.3. COVID-19 Pandemic Impact on Industry
6. Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, By Type of Generator
6.1. Introduction & Definition
6.2. Key Findings/Developments
6.3. Market Value Forecast By Type of Generator, 2017 - 2031
6.3.1. 50 mCi
6.3.2. 100 mCi
6.3.3. Others
6.4. Market Attractiveness By Type of Generator
7. Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, By End-user
7.1. Introduction & Definition
7.2. Key Findings/Developments
7.3. Market Value Forecast By End-user, 2017 - 2031
7.3.1. Hospitals
7.3.2. Diagnostic Centers
7.3.3. Others
7.4. Market Attractiveness By End-user
8. Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, By Region
8.1. Key Findings
8.2. Market Value Forecast By Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness By Country/Region
9. North America Germanium-68/Gallium-68 Generators Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast By Type of Generator, 2017 - 2031
9.2.1. 50 mCi
9.2.2. 100 mCi
9.2.3. Others
9.3. Market Value Forecast By End-user, 2017 - 2031
9.3.1. Hospitals
9.3.2. Diagnostic Centers
9.3.3. Others
9.4. Market Value Forecast By Country, 2017 - 2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Type of Generator
9.5.2. By End-user
9.5.3. By Country
10. Europe Germanium-68/Gallium-68 Generators Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast By Type of Generator, 2017 - 2031
10.2.1. 50 mCi
10.2.2. 100 mCi
10.2.3. Others
10.3. Market Value Forecast By End-user, 2017 - 2031
10.3.1. Hospitals
10.3.2. Diagnostic Centers
10.3.3. Others
10.4. Market Value Forecast By Country, 2017 - 2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Type of Generator
10.5.2. By End-user
10.5.3. By Country
11. Asia Pacific Germanium-68/Gallium-68 Generators Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast By Type of Generator, 2017 - 2031
11.2.1. 50 mCi
11.2.2. 100 mCi
11.2.3. Others
11.3. Market Value Forecast By End-user, 2017 - 2031
11.3.1. Hospitals
11.3.2. Diagnostic Centers
11.3.3. Others
11.4. Market Value Forecast By Country, 2017 - 2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Type of Generator
11.5.2. By End-user
11.5.3. By Country
12. Latin America Germanium-68/Gallium-68 Generators Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast By Type of Generator, 2017 - 2031
12.2.1. 50 mCi
12.2.2. 100 mCi
12.2.3. Others
12.3. Market Value Forecast By End-user, 2017 - 2031
12.3.1. Hospitals
12.3.2. Diagnostic Centers
12.3.3. Others
12.4. Market Value Forecast By Country, 2017 - 2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Type of Generator
12.5.2. By End-user
12.5.3. By Country
13. Middle East & Africa Germanium-68/Gallium-68 Generators Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast By Type of Generator, 2017 - 2031
13.2.1. 50 mCi
13.2.2. 100 mCi
13.2.3. Others
13.3. Market Value Forecast By End-user, 2017 - 2031
13.3.1. Hospitals
13.3.2. Diagnostic Centers
13.3.3. Others
13.4. Market Value Forecast By Country, 2017 - 2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Type of Generator
13.5.2. By End-user
13.5.3. By Country
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of Companies)
14.2. Market Share Analysis By Company (2021)
14.3. Company Profiles
14.3.1. Eckert & Ziegler
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Company Financials
14.3.1.3. Growth Strategies
14.3.1.4. SWOT Analysis
14.3.2. IRE ELiT
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Company Financials
14.3.2.3. Growth Strategies
14.3.2.4. SWOT Analysis
14.3.3. Cardinal Health
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Company Financials
14.3.3.3. Growth Strategies
14.3.3.4. SWOT Analysis
14.3.4. ITM Isotope Technologies Munich SE
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Company Financials
14.3.4.3. Growth Strategies
14.3.4.4. SWOT Analysis
14.3.5. RadioMedix, Inc.
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Company Financials
14.3.5.3. Growth Strategies
14.3.5.4. SWOT Analysis
14.3.6. iThemba Labs
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Company Financials
14.3.6.3. Growth Strategies
14.3.6.4. SWOT Analysis
14.3.7. Isotope JSC
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Company Financials
14.3.7.3. Growth Strategies
14.3.7.4. SWOT Analysis
14.3.8. B. J. Madan & Co.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Company Financials
14.3.8.3. Growth Strategies
14.3.8.4. SWOT Analysis
14.3.9. artms.ca
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Company Financials
14.3.9.3. Growth Strategies
14.3.9.4. SWOT Analysis
14.3.10. IBA Radiopharma Solutions
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Company Financials
14.3.10.3. Growth Strategies
14.3.10.4. SWOT Analysis
List of Tables
Table 01: Global Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 02: Global Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 03: Global Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 05: North America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 06: North America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 07: Europe Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 08: Europe Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 09: Europe Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 10: Asia Pacific Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 11: Asia Pacific Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 12: Asia Pacific Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 13: Latin America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 14: Latin America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 15: Latin America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 16: Middle East & Africa Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Type of Generator, 2017–2031
Table 17: Middle East & Africa Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 18: Middle East & Africa Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
List of Figures
Figure 01: Global Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 03: Global Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 04: Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 05: Global Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 06: Global Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Region, 2021 and 2031
Figure 07: Global Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Region, 2022–2031
Figure 08: North America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 09: North America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 10: North America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 11: North America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 12: North America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 13: North America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Country, 2021 and 2031
Figure 14: North America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Country, 2022–2031
Figure 15: Europe Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 16: Europe Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 17: Europe Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 18: Europe Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 19: Europe Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 20: Europe Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Country/Sub-region, 2021 and 2031
Figure 21: Europe Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 22: Asia Pacific Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 23: Asia Pacific Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 24: Asia Pacific Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 25: Asia Pacific Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 26: Asia Pacific Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 27: Asia Pacific Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Country/Sub-region, 2021 and 2031
Figure 28: Asia Pacific Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 29: Latin America Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 30: Latin America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 31: Latin America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 32: Latin America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 33: Latin America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 34: Latin America Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Country/Sub-region, 2021 and 2031
Figure 35: Latin America Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 36: Middle East & Africa Germanium-68/Gallium-68 Generators Market Value (US$ Mn) Forecast, 2017–2031
Figure 37: Middle East & Africa Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Type of Generator, 2021 and 2031
Figure 38: Middle East & Africa Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Type of Generator, 2022–2031
Figure 39: Middle East & Africa Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by End-user, 2021 and 2031
Figure 40: Middle East & Africa Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by End-user, 2022–2031
Figure 41: Middle East & Africa Germanium-68/Gallium-68 Generators Market Analysis and Forecast, by Country/Sub-region, 2021 and 2031
Figure 42: Middle East & Africa Germanium-68/Gallium-68 Generators Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 43: Global Germanium-68/Gallium-68 Generators Market Share Analysis/Ranking, by Company, 2021
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Germanium-68/Gallium-68 Generators Market
