Global Molybdenum 99
Market Report
2025
The Global Molybdenum 99 market size will be $9,036.05 Million by 2028. The Global Molybdenum 99 Market Industry's Compound Annual Growth Rate will be 4.14% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Molybdenum 99 market size will be $9,036.05 Million by 2028. The Global Molybdenum 99 Market Industry's Compound Annual Growth Rate will be 4.14% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Molybdenum 99 Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 4.14% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Regional Analysis |
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Molybdenum 99 Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Molybdenum (chemical symbol Mo) is a trace element that is necessary for life. In 1778, Carl Wilhelm Scheele, a Swedish chemist, discovered it. Molybdenum-99 (Mo-99) decays to technetium-99m (Tc-99m), a radioisotope used in hospitals and medical facilities.
The molybdenum 99 manufacturing technique is frequently employed in the production of uranium, whether highly enriched or non-highly enriched. The uranium-bearing targets are irradiated with thermal neutrons to create Mo-99. These neutrons can be absorbed by certain U-235 nuclei, causing them to fission. Fission fragments are produced when the U-235 nucleus splits into two, three, or lower-mass nuclei.
It is frequently employed in a variety of fields. The majority of molybdenum's applications are in the medicinal field. Several studies on molybdenum are now underway, with the goal of determining its advantages. As a result, molybdenum is in great demand.
Mo-99 is produced in research reactors and has a half-life of only 66 hours. It cannot be stored, therefore supply security is a major problem. Thus, molybdenum-99 decays into technetium-99 by beta decay.
Technetium (Tc-99m) is a radioactive isotope that is extensively utilized in medical diagnostic imaging examinations. Technetium-99m is perfect for imaging organs of the body for illness diagnosis without imparting a considerable radiation dose to the patient because of its short half-life of 6 hours and the modest energy of the gamma-ray it generates.
Currently, the incidence of various chronic illnesses is increasing due to a sedentary lifestyle and a poor diet. These illnesses must be identified. Medical diagnostic methods need the use of radioisotopes. Radioisotopes are also utilized to treat a variety of disorders in hospitals, including thyroid disease, arthritis, and liver cancers.
Tc99m is a radioactive tracer that is frequently used in nuclear medicine, a type of medical imaging that analyses how certain portions of human bodies are functional or functioning. Tc-99m radiotracers are given to patients before a diagnostic test, commonly by injection, by doctors or qualified nuclear medicine health workers to help in the diagnosis of medical disorders.
Tc-99m is particularly valuable for nuclear medicine operations because it can be chemically integrated into small-molecule ligands and proteins that, when injected into the body, concentrate in certain organs or tissues. 99mTc is commonly utilized in the diagnosis of many types of cancer, heart stress testing, bone density assessments, and imaging of specific organs.
For instance, Lantheus Medical Imaging's TechneLite generators employ Tc-99m as a source of Tc-99m for diagnostic imaging operations and are delivered to hospitals and radiopharmacies. Cardiolite (Kit for the Preparation of Technetium Tc 99m Sestamibi for Injection) is another radiopharmaceutical agent that has been used to photograph more than 40 million individuals.
Additionally, Tc-99m is a radioactive isotope that is bonded to a particular molecule and injected into a patient, where it produces gamma radiation that may be utilized to create a picture of the location.
Tc-99m, similarly, becomes a therapeutic tool when correctly used, with the ability to identify some of the most fatal conditions, including heart disease. It is a simple, non-invasive process that can provide effects in as little as a day.
Eventually, hospitals are using a lot of technetium-99m (Tc-99m) generators, which are made from Mo-99, an essential basic element in medical research. The United States utilizes almost half of the world's Mo-99 supply. For domestic use, the United States imports Mo-99 from Australia, Canada, Europe, and South Africa.
In the United States, the isotope technetium-99m (a daughter isotope of Mo-99) is employed in about 40,000 operations every day. Technetium-99m medical diagnostic imaging techniques account for nearly 80% of all nuclear medicine operations, with over 30 million (16 million in North America, 7 million in Europe, 6 million in Asia (Japan mainly), and 1 million in the rest of the world) tests performed each year throughout the world.
As a result of this rising usage in medical imaging, the growth of the molybdenum-99 market is increasing in the projected period.
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NorthStar Medical Radioisotopes, LLC. is a U.S. based company which produce, process and ship Mo-99 from within the U.S. The products of company are categorized as innovative Mo-99, RadioGenix system (technetium Tc 99 generator).
March 2020
NorthStar Medical Technologies announced that it is moving into the cardiac imaging space after signing a new licensing agreement with St. Louis-based Capella Imaging, the companies.
SHINE Technologies, LLC is US based manufacturer of radioactive isotopes for medical applications. It is using nuclear fusion technology for the production of their products. ld. The company has 43,000-square-foot facility molybdenum production. The products of the company are categorized into Molybdenum-99, n.c.a. Lutetium-177 and neutron generators.
June 2021
SHINE Medical Technologies LLC announced that it has entered a multi-year contract with the University of Missouri Research Reactor, or MURR, for irradiation of ytterbium-176.
SHINE, Phoenix merger focused on advancing fusion technology
SHINE Medical Technologies LLC and Phoenix LLC announced that the companies have completed a merger under which Phoenix has become a wholly owned subsidiary of SHINE.
Top Companies Market Share in Molybdenum 99 Industry: (In no particular order of Rank)
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The regional analysis offers Molybdenum 99 market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Molybdenum 99 market . Molybdenum 99 market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.
The current report Scope analyzes Molybdenum 99 Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Molybdenum 99 Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Molybdenum 99 Industry growth. Molybdenum 99 market has been segmented with the help of its Type, Application , and others. Molybdenum 99 market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Production by Highly Enriched Uranium segment Revenue will be USD 7,400.15 Million by 2028
Highly enriched uranium (HEU) has a 235U concentration of 20% or greater. Historically, hundreds of HEU dispersion targets have been successfully irradiated and processed to yield 99Mo of excellent quality and purity. The majority of the world's supply of molybdenum-99 (Mo-99) for medical usage is created in research reactors by irradiating targets containing highly enriched uranium (HEU). The majority of these research reactors using HEU fuel were supplied by the USA and Russia.
Currently, the majority of molybdenum-99 is produced using highly enriched uranium (HEU). However, numerous countries had no capability to produce Mo-99 domestically. Hence, the production of molybdenum-99 without the usage of highly enriched uranium is used. In Argentina, Australia, and South Africa, LEU Alx dispersion targets are being irradiated on a regular basis to create 99Mo.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Molybdenum 99 Industry. Request a Free Sample PDF!
The Medical segment Revenue in Molybdenum 99 market will be USD 7,298.10 Million by 2028.
In the medical field, molybdenum is commonly used for diagnostic imaging and treatment. The molybdenum-99 decay product (technetium-99m) is the most extensively used radioisotope for molecular and nuclear diagnostic imaging examinations in the world. Similarly, molybdenum's major known role in humans is to serve as an enzyme catalyst and to aid in the breakdown of specific amino acids in the body. It's also employed in radiopharmaceutical manufacturing. Since radioisotopes are used in medicine to diagnose and treat a variety of ailments such as cancer, cardiovascular disease, and brain disease, Molybdenum-99, which decays rapidly, is provided to hospitals on a weekly or more regular basis, preventing stockpiling. As a result, various countries are supporting the use of molybdenum-99 in further applications.
Molybdenum is employed in a variety of industries. The isotope Mo-99 is a component in technetium-99m synthesis (Tc-99m). Tc-99m is utilized in the optolectric nuclear batteries.
Molybdenum is an important trace element for both animals and plants; hence, tiny amounts of molybdenum are advantageous and can be needed for proper plant and animal growth and development. The present supply of molybdenum-99, on the other hand, is adequate to fulfill local and worldwide demand. As a result, research on Molybdenum is being conducted by a number of research institutions and countries.
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The Global Molybdenum 99 Market is witnessing significant growth in the near future.
In 2023, the Production by Highly Enriched Uranium segment accounted for noticeable share of global Molybdenum 99 Market and is projected to experience significant growth in the near future.
The Medical segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IRE, Curium Pharma and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Production by Highly Enriched Uranium, Production by Non Highly Enriched Uranium |
Application | Medical, Industry, Scientific Research, Others |
List of Competitors | IRE, NTP Radioisotopes, Curium Pharma, Covidien, Eckert Ziegler, NIOWAVE, International Isotopes Inc., Rosatom, NorthStar Medical Radioisotopes LLC., SHINE Technologies LLC |
This chapter will help you gain GLOBAL Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review Global Molybdenum 99 Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review North America Molybdenum 99 Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review Europe Molybdenum 99 Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review Asia Pacific Molybdenum 99 Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review South America Molybdenum 99 Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Molybdenum 99. Further deep in this chapter, you will be able to review Middle East and Africa Molybdenum 99 Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Molybdenum 99. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Molybdenum 99 market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Production by Highly Enriched Uranium have a significant impact on Molybdenum 99 market? |
What are the key factors affecting the Production by Highly Enriched Uranium and Production by Non Highly Enriched Uranium of Molybdenum 99 Market? |
What is the CAGR/Growth Rate of Medical during the forecast period? |
By type, which segment accounted for largest share of the global Molybdenum 99 Market? |
Which region is expected to dominate the global Molybdenum 99 Market within the forecast period? |
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