The global Italy Peptide Receptor Radionuclide Therapy (PRRT) Market is estimated to be valued at US$ 591.83 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Peptide receptor radionuclide therapy (PRRT) involves the use of radiolabelled peptides that bind specifically to receptors on cancer cells. PRRT offers advantages of targeting treatment directly to cancer cells, reducing radiation exposure to healthy tissues.
Market key trends:
One of the key trends in the Italy PRRT market is the ongoing research and development of new targeted radiotracers that can improve diagnosis and provide more effective treatment. Research is being conducted to develop radiolabelled peptides that target specific receptors on neuroendocrine tumor cells. This enables delivery of higher radiation doses directly to cancer sites while minimizing toxicity to normal tissues. New radiotracers in research pipelines seek to increase tumor uptake for more accurate imaging and effective therapeutic outcomes.
Segment Analysis
The Italy PRRT market is segmented based on type and end user. By type, the luteinizing hormone-releasing hormone receptor agonists segment currently dominates the market as these drugs can treat neuroendocrine tumors (NETs) that express somatostatin receptors, like gastroenteropancreatic neuroendocrine tumors (GEP-NETs). Due to the high prevalence of GEP-NETs, luteinizing hormone-releasing hormone receptor agonists see greater demand and uptake compared to other drug types.
Key Takeaways
The Global Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Size is expected to witness high growth, exhibiting a CAGR of 8.2% over the forecast period, due to the increasing prevalence of neuroendocrine tumors and rising adoption of targeted therapy options.
Regional analysis: Northern Italy accounts for the largest share in the country's PRRT market. The high number of research activities and presence of leading companies in the region contributing to therapy development and market growth.
Key players: Key players operating in the Italy PRRT market are Advanced Accelerator Applications (AAA). AAA dominates the PRRT market with its FDA-approved neuroendocrine tumor therapeutic, Lutathera (lutetium Lu 177 dotatate).
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