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Global Iodine-131 Market Strategic Research Report

Global Iodine-131 Market Strategic Research Report
$3,500 USD
Market Research Reports
Strategic Research Report
Global Iodine-131 Market
$2.072025
4.9%CAGR
2032Forecast
Market Research Reports · Global
Market Research Reports Intelligence Series

By Type: Solution, Capsule

By Application: Medical Use, Industrial Use

Regional Forecast: Asia Pacific, Latin America, MEA, Europe, North America

Key Players: Jubilant DraxImage, NTP, IRE - IRE ELiT, POLATOM, Isotope JSC, Nordion

Region: Global
Formats: PDF, Excel, Word & PowerPoint
Base year: 2025 · forecast to 2032
Length: 102 pages
Market size 2025
$2.07
Million USD
Forecast CAGR
4.9%
2025-2032
Forecast 2032
$2.9
Projected
Gebieden
5
Asia Pacific · Latin America · MEA · Europe · North America

Overzicht

Scope of the Report

The global Iodine-131 market size is predicted to grow from US$ 2.07 million in 2025 to US$ 2.88 million in 2032; it is expected to grow at a CAGR of 4.9% from 2026 to 2032.

Iodine-131 is a radioactive isotope that has radioactive decay properties and is used primarily in medical and industrial applications. It is often used in medicine to treat thyroid diseases such as hyperthyroidism and thyroid cancer by targeting radioactive iodine to thyroid tissue through oral or injection. In addition, iodine-131 is also used in radiotracing studies and diagnostics. In industry, it is used to detect and measure the performance of equipment. The half-life of iodine-131 is about 8 days, making it very effective in short-term treatments.

The global key manufacturers of Iodine-131 include Jubilant DraxImage, NTP and IRE - IRE ELiT, etc, top 3 manufacturers hold a share approximately 62%. Jubilant DraxImage is the world's largest Iodine-131 manufacturer, with a market share of more than 25%. North America, Europe and Asia-Pacific are the major Iodine-131 market, they have a market share of more than 90%. North America is the largest market with a share of 35%. In terms of product type, Solution is the largest market segment with a share of more than 68%. In terms of applications, Medical Use is the largest downstream segment, with a market share of about 86%.

This report presents a comprehensive overview of the global Iodine-131 market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

  • Solution
  • Capsule

Segment by Application

  • Medical Use
  • Industrial Use

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Iodine-131 market:

  • Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
  • Distributors, channel partners and end users in Medical Use, Industrial Use evaluating demand and sourcing options
  • Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
  • Government agencies, industry associations and research institutions tracking industry developments and policy impact

Market snapshot

Global Iodine-131 Market Strategic Research Report snapshot, 2025–2032

Source: Market Research Reports
Market size CAGR 4.9%
Regional growth momentum
Market share by segment
Key metrics
Base value
$2.07
2025
Forecast
$2.9
2032
CAGR
4.9%
2025–2032
Gebieden
5
global
Key companies
Jubilant DraxImageNTPIRE - IRE ELiTPOLATOMIsotope JSCNordion
© MarketResearchReports.comDisclaimer: The actual data may vary in the final report which undergoes verification check post order confirmation.

Segments covered in this report

By Type
SolutionCapsule
By Application
Medical UseIndustrial Use

Table of contents

Click a chapter to expand
01Executive Summary
02Industry Overview & Forecast
  • 2.1.1 Market Definition and Scope
  • 2.1.2 Market Size and Growth Forecast
  • 2.1.3 Volume Analysis
  • 2.1.4 Segment Outlook by Type
  • 2.1.5 Segment Outlook by Application
  • 2.1.6 Regional Outlook
  • 2.1.7 Structural Developments Shaping the Forecast
  • 2.1.8 Forecast Risks and Sensitivities
03Market Segmentation by Type
  • 3.1 Market Segmentation by Type
  • 3.1.1 Market by Type Overview
  • 3.1.2 Solution
  • 3.1.3 Capsule
  • 3.1.4 Volume Analysis
04Market Segmentation by Application
  • 4.1 Market Segmentation by Application
  • 4.1.1 Market by Application Overview
  • 4.1.2 Medical Use
  • 4.1.3 Industrial Use
  • 4.1.4 Volume Analysis
05Regional Market Forecast
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America
06Country-Level Market Forecast
  • 6.1 Asia Pacific
  • 6.1.1 China
  • 6.1.2 Japan
  • 6.1.3 Korea
  • 6.1.4 Southeast Asia
  • 6.1.5 India
  • 6.1.6 Australia
  • 6.1.7 Rest of Asia Pacific
  • 6.2 North America
  • 6.2.1 United States
  • 6.2.2 Canada
  • 6.2.3 Mexico
  • 6.2.4 Rest of North America
  • 6.3 Europe
  • 6.3.1 Germany
  • 6.3.2 France
  • 6.3.3 UK
  • 6.3.4 Italy
  • 6.3.5 Russia
  • 6.3.6 Rest of Europe
  • 6.4 Middle East & Africa
  • 6.4.1 Egypt
  • 6.4.2 South Africa
  • 6.4.3 Israel
  • 6.4.4 Turkey
  • 6.4.5 GCC Countries
  • 6.4.6 Rest of Middle East & Africa
  • 6.5 Latin America
  • 6.5.1 Brazil
  • 6.5.2 Rest of Latin America
07Growth Drivers & Inhibitors
  • 7.1 Growth Drivers & Inhibitors
  • 7.1.1 Section Overview
  • 7.1.2 Growth Drivers
  • 7.1.3 Growth Inhibitors
  • 7.1.4 Driver and Inhibitor Impact Assessment
  • 7.1.5 Analyst Perspective
08Key Company Profiles
  • 8.1 Jubilant DraxImage
  • 8.1.1 Company Overview
  • 8.1.2 Key Products & Segments
  • 8.1.3 Financial Performance (2023–2025)
  • 8.1.4 Business Strategy
  • 8.1.5 SWOT Analysis
  • 8.1.6 Strategic Implications (2026–2032)
  • 8.2 NTP
  • 8.2.1 Company Overview
  • 8.2.2 Key Products & Segments
  • 8.2.3 Financial Performance (2023–2025)
  • 8.2.4 Business Strategy
  • 8.2.5 SWOT Analysis
  • 8.2.6 Strategic Implications (2026–2032)
  • 8.3 IRE - IRE ELiT
  • 8.3.1 Company Overview
  • 8.3.2 Key Products & Segments
  • 8.3.3 Financial Performance (2023–2025)
  • 8.3.4 Business Strategy
  • 8.3.5 SWOT Analysis
  • 8.3.6 Strategic Implications (2026–2032)
  • 8.4 POLATOM
  • 8.4.1 Company Overview
  • 8.4.2 Key Products & Segments
  • 8.4.3 Financial Performance (2023–2025)
  • 8.4.4 Business Strategy
  • 8.4.5 SWOT Analysis
  • 8.4.6 Strategic Implications (2026–2032)
  • 8.5 Isotope JSC
  • 8.5.1 Company Overview
  • 8.5.2 Key Products & Segments
  • 8.5.3 Financial Performance (2023–2025)
  • 8.5.4 Business Strategy
  • 8.5.5 SWOT Analysis
  • 8.5.6 Strategic Implications (2026–2032)
  • 8.6 Nordion
  • 8.6.1 Company Overview
  • 8.6.2 Key Products & Segments
  • 8.6.3 Financial Performance (2023–2025)
  • 8.6.4 Business Strategy
  • 8.6.5 SWOT Analysis
  • 8.6.6 Strategic Implications (2026–2032)
09Competitive Landscape
  • 9.1 Competitive Landscape Overview
  • 9.2 Competitive Intensity Assessment
  • 9.3 Key Player Strategies & Positioning
  • 9.4 Competitive Dynamics & Strategic Outlook
  • 9.4.1 Emerging Competitive Threats
  • 9.4.2 Consolidation vs. Fragmentation Outlook
  • 9.4.3 Competitive Response Matrix
  • 9.4.4 Strategic Recommendations, 2026–2032
10Porter's Five Forces Analysis
  • 10.1 Threat of New Entrants
  • 10.2 Bargaining Power of Buyers
  • 10.3 Bargaining Power of Suppliers
  • 10.4 Threat of Substitutes
  • 10.5 Competitive Rivalry
11PESTLE Analysis
  • 11.1 Political
  • 11.2 Economic
  • 11.3 Social and Demographic
  • 11.4 Technological
  • 11.5 Legal and Regulatory
  • 11.6 Environmental
  • 11.7 Strategic Implications of the PESTLE Assessment
12SWOT Analysis
13Future Trends & Outlook
  • 13.1 Future Trends & Outlook
  • 13.1.1 Trend Summary and Commercial Maturity Assessment
  • 13.1.2 Technology and Innovation Trends
  • 13.1.3 Long-Term Market Outlook
  • 13.1.4 Investment & M&A Activity Outlook
  • 13.1.5 Overall Outlook Assessment

Frequently asked questions

How big is the global Iodine-131 market?
The global Iodine-131 market is estimated at US$ 2.07 million in 2025 (base year) and is projected to reach US$ 2.88 million by 2032.
How fast is the Iodine-131 market expected to grow?
The market is expected to grow at a CAGR of 4.9% from 2026 to 2032, expanding from US$ 2.07 million in 2025 to US$ 2.88 million in 2032, roughly 1.4 times its base-year value.
What does the Iodine-131 market cover?
Iodine-131 is a radioactive isotope that has radioactive decay properties and is used primarily in medical and industrial applications. It is often used in medicine to treat thyroid diseases such as hyperthyroidism and thyroid cancer by targeting radioactive iodine to thyroid tissue through oral or injection. In addition, iodine-131 is also used in radiotracing studies and diagnostics.
What are the main segments of the Iodine-131 market by type?
By type, the market is segmented into Solution and Capsule.
Which applications drive demand in the Iodine-131 market?
Key applications covered include Medical Use and Industrial Use.
Who are the key players in the Iodine-131 market?
Key players profiled include Jubilant DraxImage, NTP, IRE - IRE ELiT, POLATOM, Isotope JSC and Nordion.
Which regions and countries are covered for Iodine-131?
The market is analysed across Asia Pacific, North America, Europe, Middle East & Africa and Latin America, with 20 country-level markets including China, Japan, United States, Canada, Germany, France, Egypt and South Africa.
Who should buy the Iodine-131 market report?
The report is intended for manufacturers and solution providers, distributors and end users in Medical Use and Industrial Use, investors and consultants, and government or industry bodies who need market size, segmentation, competitive and regional data for the Iodine-131 market.
What license options are available for this report?
The report is available as a Single User License (US$ 3,500, one named user), a Site License (US$ 5,250, up to 10 users) and a Global / Corporate License (US$ 7,000, unlimited users), all delivered in PDF format.

Research Methodology

All MarketResearchReports.com strategic research reports follow a rigorous, multi-stage methodology combining AI-assisted data synthesis with expert analyst validation.

01
Secondary Research & Data Aggregation

Systematic collection from 500+ verified sources including SEC filings, industry databases (Bloomberg, Statista, OECD), regulatory filings, trade publications, patent databases, and company annual reports. AI-assisted extraction identifies relevant data points across 10,000+ documents per report.

02
Market Sizing — Bottom-Up & Top-Down

Dual-validation approach: bottom-up sizing aggregates segment-level production, consumption, and trade data; top-down sizing cross-validates against macroeconomic indicators and total addressable market estimates. Discrepancies >5% trigger analyst review.

03
Competitive Intelligence

Company profiles built from public financial disclosures, product launches, M&A activity, job postings (as capability proxies), and supply chain mapping. Market share estimates triangulated across revenue, capacity, and shipment data.

04
Demand Forecasting

CAGR projections use time-series regression on 5-10 years of historical data, adjusted for identified demand drivers (technology adoption curves, regulatory catalysts, demographic shifts) and demand inhibitors (cost barriers, substitution risk). Scenario modeling covers base, optimistic, and conservative cases.

05
Analyst Validation & Quality Assurance

All quantitative outputs reviewed by a domain-specialist analyst before publication. Data triangulation requires minimum 3 independent sources for every key figure. Reports undergo a structured peer review against our 47-point quality checklist covering methodology, data citations, logical consistency, and formatting standards.

06
Continuous Updates

On-demand reports are generated at time of purchase, incorporating the most recent available data. Static reports are republished when underlying market conditions shift by >10% from baseline assumptions. Purchasers receive update notifications for 12 months.

All data sources are cited within the report. View our full research methodology →
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