Global Radiochemicals Market Research Report 2025(Status and Outlook)
Description
Report Overview
Radiochemicals are radioactive compounds used in a variety of applications, including medical diagnostics (e.g., PET scans and radiolabeling for drug development), nuclear medicine (e.g., cancer treatment and imaging), industrial processes (e.g., radiography and tracer studies), and scientific research (e.g., isotopic labeling and environmental monitoring). These compounds contain radioactive isotopes, such as technetium-99m, iodine-131, or carbon-14, which emit radiation that can be detected and measured, enabling precise tracking, imaging, or therapeutic effects. The market for radiochemicals is driven by advancements in nuclear medicine, increasing demand for targeted cancer therapies, and growing applications in life sciences and industrial testing. However, regulatory constraints, high production costs, and safety concerns related to handling radioactive materials pose challenges to market growth. Key players include pharmaceutical companies, research institutions, and specialized radiochemical manufacturers, with North America and Europe leading in production and consumption due to well-established healthcare infrastructure and research funding. Emerging markets in Asia-Pacific are also experiencing growth due to rising healthcare investments and expanding nuclear medicine capabilities.
The global Radiochemicals market size was estimated at USD 1235.92 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.78% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Radiochemicals market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Radiochemicals market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Radiochemicals market.
Global Radiochemicals Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
NRG
IRE
ANSTO
NTP Radioisotopes
China National Nuclear Corporation
Rosatom
Nordion
Eckert & Ziegler Strahlen
Polatom
Market Segmentation (by Type)
Non-radioactive
Radioactive
Market Segmentation (by Application)
Medical
Industrial
Scientific Research
Agriculture and Food
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Radiochemicals Market
Overview of the regional outlook of the Radiochemicals Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Radiochemicals Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Radiochemicals, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Radiochemicals are radioactive compounds used in a variety of applications, including medical diagnostics (e.g., PET scans and radiolabeling for drug development), nuclear medicine (e.g., cancer treatment and imaging), industrial processes (e.g., radiography and tracer studies), and scientific research (e.g., isotopic labeling and environmental monitoring). These compounds contain radioactive isotopes, such as technetium-99m, iodine-131, or carbon-14, which emit radiation that can be detected and measured, enabling precise tracking, imaging, or therapeutic effects. The market for radiochemicals is driven by advancements in nuclear medicine, increasing demand for targeted cancer therapies, and growing applications in life sciences and industrial testing. However, regulatory constraints, high production costs, and safety concerns related to handling radioactive materials pose challenges to market growth. Key players include pharmaceutical companies, research institutions, and specialized radiochemical manufacturers, with North America and Europe leading in production and consumption due to well-established healthcare infrastructure and research funding. Emerging markets in Asia-Pacific are also experiencing growth due to rising healthcare investments and expanding nuclear medicine capabilities.
The global Radiochemicals market size was estimated at USD 1235.92 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.78% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Radiochemicals market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Radiochemicals market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Radiochemicals market.
Global Radiochemicals Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
NRG
IRE
ANSTO
NTP Radioisotopes
China National Nuclear Corporation
Rosatom
Nordion
Eckert & Ziegler Strahlen
Polatom
Market Segmentation (by Type)
Non-radioactive
Radioactive
Market Segmentation (by Application)
Medical
Industrial
Scientific Research
Agriculture and Food
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Radiochemicals Market
Overview of the regional outlook of the Radiochemicals Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Radiochemicals Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Radiochemicals, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
136 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Radiochemicals
- 1.2 Key Market Segments
- 1.2.1 Radiochemicals Segment by Type
- 1.2.2 Radiochemicals Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Radiochemicals Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Radiochemicals Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Radiochemicals Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Radiochemicals Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Radiochemicals Product Life Cycle
- 3.3 Global Radiochemicals Sales by Manufacturers (2020-2025)
- 3.4 Global Radiochemicals Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Radiochemicals Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Radiochemicals Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Radiochemicals Market Competitive Situation and Trends
- 3.8.1 Radiochemicals Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Radiochemicals Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Radiochemicals Industry Chain Analysis
- 4.1 Radiochemicals Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Radiochemicals Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Radiochemicals Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Radiochemicals Market
- 5.7 ESG Ratings of Leading Companies
- 6 Radiochemicals Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Radiochemicals Sales Market Share by Type (2020-2025)
- 6.3 Global Radiochemicals Market Size Market Share by Type (2020-2025)
- 6.4 Global Radiochemicals Price by Type (2020-2025)
- 7 Radiochemicals Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Radiochemicals Market Sales by Application (2020-2025)
- 7.3 Global Radiochemicals Market Size (M USD) by Application (2020-2025)
- 7.4 Global Radiochemicals Sales Growth Rate by Application (2020-2025)
- 8 Radiochemicals Market Sales by Region
- 8.1 Global Radiochemicals Sales by Region
- 8.1.1 Global Radiochemicals Sales by Region
- 8.1.2 Global Radiochemicals Sales Market Share by Region
- 8.2 Global Radiochemicals Market Size by Region
- 8.2.1 Global Radiochemicals Market Size by Region
- 8.2.2 Global Radiochemicals Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Radiochemicals Sales by Country
- 8.3.2 North America Radiochemicals Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Radiochemicals Sales by Country
- 8.4.2 Europe Radiochemicals Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Radiochemicals Sales by Region
- 8.5.2 Asia Pacific Radiochemicals Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Radiochemicals Sales by Country
- 8.6.2 South America Radiochemicals Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Radiochemicals Sales by Region
- 8.7.2 Middle East and Africa Radiochemicals Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Radiochemicals Market Production by Region
- 9.1 Global Production of Radiochemicals by Region(2020-2025)
- 9.2 Global Radiochemicals Revenue Market Share by Region (2020-2025)
- 9.3 Global Radiochemicals Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Radiochemicals Production
- 9.4.1 North America Radiochemicals Production Growth Rate (2020-2025)
- 9.4.2 North America Radiochemicals Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Radiochemicals Production
- 9.5.1 Europe Radiochemicals Production Growth Rate (2020-2025)
- 9.5.2 Europe Radiochemicals Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Radiochemicals Production (2020-2025)
- 9.6.1 Japan Radiochemicals Production Growth Rate (2020-2025)
- 9.6.2 Japan Radiochemicals Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Radiochemicals Production (2020-2025)
- 9.7.1 China Radiochemicals Production Growth Rate (2020-2025)
- 9.7.2 China Radiochemicals Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 NRG
- 10.1.1 NRG Basic Information
- 10.1.2 NRG Radiochemicals Product Overview
- 10.1.3 NRG Radiochemicals Product Market Performance
- 10.1.4 NRG Business Overview
- 10.1.5 NRG SWOT Analysis
- 10.1.6 NRG Recent Developments
- 10.2 IRE
- 10.2.1 IRE Basic Information
- 10.2.2 IRE Radiochemicals Product Overview
- 10.2.3 IRE Radiochemicals Product Market Performance
- 10.2.4 IRE Business Overview
- 10.2.5 IRE SWOT Analysis
- 10.2.6 IRE Recent Developments
- 10.3 ANSTO
- 10.3.1 ANSTO Basic Information
- 10.3.2 ANSTO Radiochemicals Product Overview
- 10.3.3 ANSTO Radiochemicals Product Market Performance
- 10.3.4 ANSTO Business Overview
- 10.3.5 ANSTO SWOT Analysis
- 10.3.6 ANSTO Recent Developments
- 10.4 NTP Radioisotopes
- 10.4.1 NTP Radioisotopes Basic Information
- 10.4.2 NTP Radioisotopes Radiochemicals Product Overview
- 10.4.3 NTP Radioisotopes Radiochemicals Product Market Performance
- 10.4.4 NTP Radioisotopes Business Overview
- 10.4.5 NTP Radioisotopes Recent Developments
- 10.5 China National Nuclear Corporation
- 10.5.1 China National Nuclear Corporation Basic Information
- 10.5.2 China National Nuclear Corporation Radiochemicals Product Overview
- 10.5.3 China National Nuclear Corporation Radiochemicals Product Market Performance
- 10.5.4 China National Nuclear Corporation Business Overview
- 10.5.5 China National Nuclear Corporation Recent Developments
- 10.6 Rosatom
- 10.6.1 Rosatom Basic Information
- 10.6.2 Rosatom Radiochemicals Product Overview
- 10.6.3 Rosatom Radiochemicals Product Market Performance
- 10.6.4 Rosatom Business Overview
- 10.6.5 Rosatom Recent Developments
- 10.7 Nordion
- 10.7.1 Nordion Basic Information
- 10.7.2 Nordion Radiochemicals Product Overview
- 10.7.3 Nordion Radiochemicals Product Market Performance
- 10.7.4 Nordion Business Overview
- 10.7.5 Nordion Recent Developments
- 10.8 Eckert and Ziegler Strahlen
- 10.8.1 Eckert and Ziegler Strahlen Basic Information
- 10.8.2 Eckert and Ziegler Strahlen Radiochemicals Product Overview
- 10.8.3 Eckert and Ziegler Strahlen Radiochemicals Product Market Performance
- 10.8.4 Eckert and Ziegler Strahlen Business Overview
- 10.8.5 Eckert and Ziegler Strahlen Recent Developments
- 10.9 Polatom
- 10.9.1 Polatom Basic Information
- 10.9.2 Polatom Radiochemicals Product Overview
- 10.9.3 Polatom Radiochemicals Product Market Performance
- 10.9.4 Polatom Business Overview
- 10.9.5 Polatom Recent Developments
- 11 Radiochemicals Market Forecast by Region
- 11.1 Global Radiochemicals Market Size Forecast
- 11.2 Global Radiochemicals Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Radiochemicals Market Size Forecast by Country
- 11.2.3 Asia Pacific Radiochemicals Market Size Forecast by Region
- 11.2.4 South America Radiochemicals Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Radiochemicals by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Radiochemicals Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Radiochemicals by Type (2026-2033)
- 12.1.2 Global Radiochemicals Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Radiochemicals by Type (2026-2033)
- 12.2 Global Radiochemicals Market Forecast by Application (2026-2033)
- 12.2.1 Global Radiochemicals Sales (K MT) Forecast by Application
- 12.2.2 Global Radiochemicals Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
Currency Rates
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