Towards Healthcare
Medical Radioactive Iodine I-131 Market
Updated Date: 12 February 2026   |   Report Code: 6672

Medical Radioactive Iodine I-131 Market Size and Companies (2026-2035)

Based on our estimations, the medical radioactive iodine I-131 market was valued at USD 811 million in 2025 and is estimated to reach USD 862.74 million in 2026, further projected to grow to USD 1,505.29 million by 2035, expanding at a CAGR of 6.38% during 2026–2035.

Last Updated : 12 February 2026 Category: Pharmaceuticals Insight Code: 6672 Format: PDF / PPT / Excel

1. Executive Summary

  • 1.1. Market Overview
    • 1.1.1. Definition and Scope of the Medical Radioactive Iodine I-131 Market
    • 1.1.2. Market Size, Growth Rate, and Forecast (2025–2034)
  • 1.2. Key Strategic Insights
    • 1.2.1. Key Drivers and Trends in the Medical Radioactive Iodine I-131 Market
    • 1.2.2. Market Challenges and Barriers to Growth
    • 1.2.3. Opportunities and Competitive Landscape

2. Market Overview and Industry Landscape

  • 2.1. Medical Radioactive Iodine I-131: An Overview
    • 2.1.1. Role of I-131 in Medical Applications (Diagnostic and Therapeutic)
    • 2.1.2. Importance of I-131 in the Treatment of Hyperthyroidism and Thyroid Cancer
    • 2.1.3. Technological Innovations in Radioactive Iodine I-131 Production and Distribution
  • 2.2. Market Dynamics
    • 2.2.1. Market Drivers
    • 2.2.2. Market Restraints
    • 2.2.3. Emerging Opportunities in the Radioactive Iodine I-131 Market
    • 2.2.4. Technological Innovations and Their Impact on the Market
  • 2.3. Value Chain Analysis
    • 2.3.1. Key Players in the Radioactive Iodine I-131 Market
    • 2.3.2. Role of Suppliers, Manufacturers, and End-Users in the Value Chain
    • 2.3.3. Distribution and Commercialization in the Radioactive Iodine I-131 Market

3. Market Segmentation Analysis

  • 3.1. By Application
    • 3.1.1. Diagnostic
      • 3.1.1.1. Market Demand for Diagnostic Applications of I-131
      • 3.1.1.2. Role of I-131 in Medical Imaging and Diagnostics
    • 3.1.2. Therapeutic
      • 3.1.2.1. Therapeutic Applications of I-131 in Thyroid Disorders
      • 3.1.2.2. Market Trends in I-131 for Therapeutic Use in Hyperthyroidism and Cancer
    • 3.1.3. Hyperthyroidism
      • 3.1.3.1. Market Demand for I-131 in Hyperthyroidism Treatment
      • 3.1.3.2. Growth and Trends in Radioactive Iodine Therapy for Hyperthyroidism
    • 3.1.4. Thyroid Cancer
      • 3.1.4.1. Role of I-131 in Thyroid Cancer Treatment
      • 3.1.4.2. Trends in I-131 for Radioactive Therapy of Thyroid Cancer
  • 3.2. By Product
    • 3.2.1. Capsule
      • 3.2.1.1. Market Trends and Growth in I-131 Capsule Production and Use
      • 3.2.1.2. Benefits and Market Demand for I-131 Capsules in Treatment and Diagnosis
    • 3.2.2. Solution
      • 3.2.2.1. Role and Market Growth of I-131 Solutions for Therapy
      • 3.2.2.2. Trends in Solution-Based Applications for Radioactive Iodine I-131
  • 3.3. By End-User
    • 3.3.1. Clinics
      • 3.3.1.1. Market Insights on Clinic Use of I-131 for Diagnostic and Therapeutic Applications
      • 3.3.1.2. Adoption of I-131 in Private and Specialty Clinics
    • 3.3.2. Diagnostic Lab
      • 3.3.2.1. Demand for Radioactive Iodine I-131 in Diagnostic Laboratories
      • 3.3.2.2. Market Insights and Trends in Diagnostic Lab Adoption of I-131
    • 3.3.3. Outpatient Center
      • 3.3.3.1. Role of I-131 in Outpatient Centers and Their Increasing Demand
      • 3.3.3.2. Trends in the Use of I-131 for Outpatient Diagnosis and Treatment
    • 3.3.4. Hospitals
      • 3.3.4.1. Use of I-131 in Hospitals for Cancer and Thyroid Treatment
      • 3.3.4.2. Adoption of I-131 in Hospital Settings for Thyroid Cancer Treatment
    • 3.3.5. Specialty Cancer Center
      • 3.3.5.1. Growth of Specialty Cancer Centers in Using I-131 for Treatment
      • 3.3.5.2. Market Demand in Cancer Centers for I-131 Applications
    • 3.3.6. Tertiary Care Hospital
      • 3.3.6.1. Use of I-131 in Tertiary Care Hospitals for Complex Cases
      • 3.3.6.2. Increasing Adoption of I-131 in Tertiary Care Hospitals for Advanced Treatments
    • 3.3.7. Research Institutes
      • 3.3.7.1. Role of Research Institutes in Advancing I-131 Applications
      • 3.3.7.2. Growth in Research and Development of I-131 for New Applications
    • 3.3.8. Academic Research Center
      • 3.3.8.1. Academic Use of I-131 for Research in Oncology and Endocrinology
      • 3.3.8.2. Market Trends in Academic Research with Radioactive Iodine I-131
    • 3.3.9. Contract Research Organization (CRO)
      • 3.3.9.1. Role of CROs in Expanding the Use of I-131 in Research and Development
      • 3.3.9.2. Demand for I-131 in CROs for Clinical Trials and Studies
  • 3.4. By Distribution Channel
    • 3.4.1. Direct Sales
      • 3.4.1.1. Direct Sales Trends in Radioactive Iodine I-131
      • 3.4.1.2. Distribution Strategies for I-131 via Direct Sales
    • 3.4.2. Hospital Pharmacy
      • 3.4.2.1. Role of Hospital Pharmacies in Dispensing I-131
      • 3.4.2.2. Market Demand and Distribution of I-131 Through Hospital Pharmacies
    • 3.4.3. Retail Pharmacy
      • 3.4.3.1. Growth in Retail Pharmacy Sales of Radioactive Iodine I-131
      • 3.4.3.2. Role of Retail Pharmacies in Distributing I-131 Products
  • 3.5. By Region
    • 3.5.1. North America
      • 3.5.1.1. Market Size & Trends (U.S., Canada, Mexico)
      • 3.5.1.2. Adoption and Regulatory Landscape in North America
    • 3.5.2. South America
      • 3.5.2.1. Market Dynamics (Brazil, Argentina, Rest of South America)
    • 3.5.3. Europe
      • 3.5.3.1. Market Insights (Germany, UK, France, Italy, Spain)
      • 3.5.3.2. Adoption Trends and Regulatory Landscape in Europe
    • 3.5.4. Asia Pacific
      • 3.5.4.1. Market Growth and Forecast (China, India, Japan, South Korea)
      • 3.5.4.2. Adoption of I-131 in APAC Healthcare Systems
    • 3.5.5. Middle East & Africa (MEA)
      • 3.5.5.1. Market Trends (South Africa, Saudi Arabia, UAE)
      • 3.5.5.2. Adoption and Opportunities in MEA for I-131 Use

4. Cross-Segment Analysis

  • 4.1. Application x Product x End-User
    • 4.1.1. Synergies Between Applications, Products, and End-Users
    • 4.1.2. Regional Variability in Adoption of I-131 Across Applications
  • 4.2. Distribution Channel x Region x End-User
    • 4.2.1. Distribution Strategies for I-131 Across Different Regions and End-Users
    • 4.2.2. Adoption Trends in Hospitals, Pharmacies, and Clinics
  • 4.3. Competitive Landscape across Segments
    • 4.3.1. Competitive Positioning by Application, Product, and End-User
    • 4.3.2. Market Share and Strategies by Region and Distribution Channel

5. Competitive Landscape

  • 5.1. Market Share Analysis
  • 5.2. Company Profiles
    • 5.2.1. Jubilant Draxlmage
    • 5.2.2. NTP Radioisotopes
    • 5.2.3. IRE-IRE ELiT
    • 5.2.4. Curium Pharma
    • 5.2.5. POLATOM
    • 5.2.6. Isotope JSC
    • 5.2.7. Lantheus Medical Imaging
    • 5.2.8. Nordion Inc.
    • 5.2.9. International Isotopes Inc.
    • 5.2.10. Cardinal Health
  • 5.3. Product Portfolio and R&D Focus
  • 5.4. Strategic Initiatives, Partnerships, and M&A Activity

6. Regulatory, Reimbursement, and Pricing Analysis

  • 6.1. Regulatory Environment for Medical Radioactive Iodine I-131
    • 6.1.1. Regulatory Standards and Compliance in Radioactive Iodine Use
    • 6.1.2. Impact of Regulatory Policies on I-131 Market Development
  • 6.2. Reimbursement Landscape
    • 6.2.1. Reimbursement Trends and Market Access for I-131 Products
    • 6.2.2. Variability in Reimbursement Policies Across Regions
  • 6.3. Pricing Analysis
    • 6.3.1. Pricing Models for Medical Radioactive Iodine I-131 Products
    • 6.3.2. Factors Influencing Pricing and Cost Structures in Radioactive Iodine I-131 Production

7. Market Forecast and Outlook

  • 7.1. Global Market Forecast (2025–2034)
    • 7.1.1. Market Size and Growth Rate by Application, Product, and Region
    • 7.1.2. Forecast by End-User, Therapeutic Area, and Distribution Channel
  • 7.2. Regional Market Forecast
    • 7.2.1. North America Forecast
    • 7.2.2. Europe Forecast
    • 7.2.3. Asia Pacific Forecast
    • 7.2.4. Latin America and MEA Forecast
  • 7.3. Scenario and Sensitivity Analysis
  • 8.1. Innovations in Radioactive Iodine I-131 Production
  • 8.2. The Growing Role of I-131 in Cancer Treatment and Diagnostic Applications
  • 8.3. Key Opportunities for Market Expansion and Growth
  • 8.4. Risks and Mitigation Strategies in the Medical Radioactive Iodine I-131 Market

9. Conclusion

  • 9.1. Key Findings and Strategic Takeaways
  • 9.2. Long-Term Outlook for the Medical Radioactive Iodine I-131 Market

10. Appendix

  • 10.1. Glossary of Terms
  • 10.2. Research Methodology
  • 10.3. Assumptions and Limitations
  • 10.4. List of Tables and Figures

FAQ's

Answer : The medical radioactive iodine I-131 market is valued at USD 862.74 million in 2026 and is on track to reach USD 1505.29 million by 2035, witnessing a steady CAGR of 6.38% during the forecast span.

Answer : North America is currently leading the medical radioactive iodine I-131 market due to the presence of a well-established nuclear medicine infrastructure.

Answer : American Cancer Society, NIH, Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi ensures the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar