The global sodium iodide market size accounted for USD 178 million in 2024 and is expected to exceed around USD 315.78 million by 2034, growing at a CAGR of 5.9% from 2024 to 2034.
The sodium iodide market encompasses the manufacturing and distribution of sodium iodide, which is utilized in various sectors including medical imaging, nuclear medicine, and the chemical industry. In medical imaging, sodium iodide plays a crucial role as a radiopharmaceutical, enhancing the clarity and accuracy of diagnostic imaging techniques such as thyroid scans. In nuclear medicine, it is used for both therapeutic and imaging purposes, particularly in treating thyroid disorders and assessing organ function.
However, the sodium iodide market faces several significant challenges. Price fluctuations can create instability in the market, impacting both producers and consumers. Additionally, there is increasing competition from alternative materials and compounds that can serve similar purposes in various applications, potentially limiting the market share for sodium iodide. Despite these challenges, the sodium iodide market presents numerous opportunities for growth. The rising demand for advanced medical imaging techniques and the expansion of nuclear medicine services are key drivers boosting market development. Furthermore, the increasing focus on environmental monitoring has opened new avenues for sodium iodide, as it can be used in detecting and analyzing iodine in environmental samples. Overall, the combination of these factors makes the sodium iodide market a dynamic and evolving landscape.
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| Stats ID: | 7400 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7400 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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