Global Technetium 99M Market Size Likely to Grow at a CAGR of 5.02% By 2034

Technetium 99M Market Size

Global Technetium 99M Market size was valued at USD 6,482.4 Million in 2025 and is expected to reach at USD  10,122.5 Million by 2034 at a CAGR of 5.02% during the forecast period 2025 – 2034.

Technetium 99M Market Overview

Technetium 99M is a silver-gray, radioactive metal. Technetium is found in minimal quantities in the earth’s crust but is primarily anthropogenic. Technetium 99M is manufactured during nuclear reactor operations and is a byproduct of the various nuclear weapons explosions. Technetium-99 can be found as a component of nuclear waste.

Various factors, such as the increasing prevalence of chronic diseases, increasing investment in the new healthcare facilities, increasing demand for the nuclear medicinal technologies, technological advancements in the technetium 99M production, are mainly driving the market growth of this region.

However, factors such as the availability of substitutes, high cost of the technetium 99M mining, stringent regulatory framework, and lack of universal directives pertaining to the usage and production of the technetium are mainly restraining the market growth of this region.

The global Technetium 99M market is segmented by production method, by formulation type, by isotopic services, by application, by end users and by region. By formulation type, the market is segmented into the radiopharmaceuticals, diagnostic imaging agents and therapeutic agents.

Among all of these, radio pharmaceutical segment held highest market share in 2024 and is expected to keep its dominance during the forecast period. Radiopharmaceuticals are radioactive drugs, which are used to diagnose and treat various medical conditions.

By application, the technetium 99M market is segmented into cardiovascular, bone scan, respiratory and tumor imaging and others. Among all of these, cardiovascular segments held the highest market share in 2024 and are expected to keep their dominance during the forecast period.

By end user, the global technetium market is segmented into hospitals, diagnostic centers and others. Among all of these, hospitals held the highest market share in 2024 and are expected to keep its dominance during the forecast period owing to the increasing number of government hospitals and increasing investment in the new healthcare facilities by private companies.

By region, the Technetium 99M market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.  By Region, North America held the highest market share in 2024 and is expected to keep its dominance during the forecast period owing to the presence of the major market players and rapidly expanding healthcare industry in the region. The major countries such as the U.S., Canada, and Mexico are mainly driving the market growth of this region.

Report Scope

CMI has comprehensively analyzed the Global Technetium 99M Market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth the scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this global Technetium 99M industry.

The competitive landscape includes key innovators, aftermarket service providers, market giants as well as niche players who are studied and analyzed extensively with respect to their strengths and weaknesses as well as value addition prospects. In addition, this report covers key players’ profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

By Production Method

• Generator
• Cyclotron
• Nuclear Reactor

By Formulation Type

• Radiopharmaceuticals
• Diagnostic Imaging Agents
• Therapeutic Agents

By Isotopic Services  

• Gamma Camera
• Single Photon Emission Computed Tomography (SPECT)

By Application           

• Cardiovascular
• Bone Scan
• Respiratory
• Tumour Imaging
• Others

By End User   

• Hospitals
• Diagnostic Centers
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America