Global Molybdenum-99 and Technetium-99m Supply, Demand and Key Producers, 2026-2032
Description
The global Molybdenum-99 and Technetium-99m market size is expected to reach $ 543 million by 2032, rising at a market growth of 4.8% CAGR during the forecast period (2026-2032).
Molybdenum-99 (Mo-99) is the parent of Technetium-99m (Tc-99m), the most widely applied isotope in nuclear medicine diagnostics today. Its short 6-hour half-life and the amount of emitted energy (140 keV) make Tc-99m a perfect imaging agent. Mo-99 is essential in Technetium generator manufacturing.
The Mo-99 market is characterized by high supplier concentration. Major producers such as NRG, IRE, ANSTO, NTP Radioisotopes, and Rosatom dominate the market. These companies leverage high-flux reactors and sophisticated processing facilities to produce Mo-99, which is then distributed globally. In 2023, the world's top five vendors accounted for 91.15 % of the revenue. This concentration can create vulnerabilities in the supply chain, particularly when technical or regulatory issues arise at key facilities.
Geographically, North America are the largest consumer of Mo-99, holding a market share of 51.64% in 2023. The U.S., despite its lack of domestic Mo-99 production since the late 1980s, remains a major importer of this isotope from countries such as Australia, Canada, Europe, and South Africa. Europe follows as the second-largest market with a 22.23% share, while the Asia-Pacific, particularly China, is emerging as the fastest-growing market.
One of the most significant trends affecting the Mo-99 market is the global transition from highly enriched uranium (HEU) to low-enriched uranium (LEU) in production processes. This shift is driven by international agreements aimed at reducing the proliferation risks associated with HEU. The United States, a major consumer of Mo-99, has been at the forefront of this transition, initiating the conversion of reactors and associated facilities from HEU to LEU since the late 1970s. By 2017, the U.S. officially excluded Mo-99 produced with HEU from its market, a move that was met with considerable response from major Mo-99 producers.
The global transition from HEU to LEU in Mo-99 production is set to be completed by 2026.
This transition has led to a significant increase in the production of Mo-99 using LEU. As of 2023, Mo-99 produced with LEU accounted for 94.48% of the global market. And the market segment for LEU-based Mo-99 is expected to continue expanding, which will occupy the entire market.
Looking ahead, the Molybdenum-99 (Mo-99) market is poised for significant evolution driven by several key trends. Technological advancements in reactor design and isotope processing will enhance production efficiency and safety, while innovations in waste management, such as Synroc® technology, address environmental concerns. Regulatory changes, particularly those related to non-proliferation and environmental protection, will continue to influence production practices. Moreover, the expanding healthcare infrastructure in developing regions, especially in APAC, will drive increased demand for Mo-99, presenting substantial growth opportunities.
With ongoing investments in technology and infrastructure, coupled with a focus on sustainability, the Mo-99 market is poised for continued growth and development in the coming years.
This report studies the global Molybdenum-99 and Technetium-99m production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Molybdenum-99 and Technetium-99m and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Molybdenum-99 and Technetium-99m that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Molybdenum-99 and Technetium-99m total production and demand, 2021-2032, (K Curie)
Global Molybdenum-99 and Technetium-99m total production value, 2021-2032, (USD Million)
Global Molybdenum-99 and Technetium-99m production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Curie), (based on production site)
Global Molybdenum-99 and Technetium-99m consumption by region & country, CAGR, 2021-2032 & (K Curie)
U.S. VS China: Molybdenum-99 and Technetium-99m domestic production, consumption, key domestic manufacturers and share
Global Molybdenum-99 and Technetium-99m production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Curie)
Global Molybdenum-99 and Technetium-99m production by Production Type, production, value, CAGR, 2021-2032, (USD Million) & (K Curie)
Global Molybdenum-99 and Technetium-99m production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Curie)
This report profiles key players in the global Molybdenum-99 and Technetium-99m market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NRG, IRE, ANSTO, NTP, Rosatom, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Molybdenum-99 and Technetium-99m market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Curie) and average price (US$/Curie) by manufacturer, by Production Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Molybdenum-99 and Technetium-99m Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Molybdenum-99 and Technetium-99m Market, Segmentation by Production Type:
Produced by HEU
Produced by LEU
Global Molybdenum-99 and Technetium-99m Market, Segmentation by Application:
Medical Imaging
Others
Companies Profiled:
NRG
IRE
ANSTO
NTP
Rosatom
Key Questions Answered:
1. How big is the global Molybdenum-99 and Technetium-99m market?
2. What is the demand of the global Molybdenum-99 and Technetium-99m market?
3. What is the year over year growth of the global Molybdenum-99 and Technetium-99m market?
4. What is the production and production value of the global Molybdenum-99 and Technetium-99m market?
5. Who are the key producers in the global Molybdenum-99 and Technetium-99m market?
6. What are the growth factors driving the market demand?
Molybdenum-99 (Mo-99) is the parent of Technetium-99m (Tc-99m), the most widely applied isotope in nuclear medicine diagnostics today. Its short 6-hour half-life and the amount of emitted energy (140 keV) make Tc-99m a perfect imaging agent. Mo-99 is essential in Technetium generator manufacturing.
The Mo-99 market is characterized by high supplier concentration. Major producers such as NRG, IRE, ANSTO, NTP Radioisotopes, and Rosatom dominate the market. These companies leverage high-flux reactors and sophisticated processing facilities to produce Mo-99, which is then distributed globally. In 2023, the world's top five vendors accounted for 91.15 % of the revenue. This concentration can create vulnerabilities in the supply chain, particularly when technical or regulatory issues arise at key facilities.
Geographically, North America are the largest consumer of Mo-99, holding a market share of 51.64% in 2023. The U.S., despite its lack of domestic Mo-99 production since the late 1980s, remains a major importer of this isotope from countries such as Australia, Canada, Europe, and South Africa. Europe follows as the second-largest market with a 22.23% share, while the Asia-Pacific, particularly China, is emerging as the fastest-growing market.
One of the most significant trends affecting the Mo-99 market is the global transition from highly enriched uranium (HEU) to low-enriched uranium (LEU) in production processes. This shift is driven by international agreements aimed at reducing the proliferation risks associated with HEU. The United States, a major consumer of Mo-99, has been at the forefront of this transition, initiating the conversion of reactors and associated facilities from HEU to LEU since the late 1970s. By 2017, the U.S. officially excluded Mo-99 produced with HEU from its market, a move that was met with considerable response from major Mo-99 producers.
The global transition from HEU to LEU in Mo-99 production is set to be completed by 2026.
This transition has led to a significant increase in the production of Mo-99 using LEU. As of 2023, Mo-99 produced with LEU accounted for 94.48% of the global market. And the market segment for LEU-based Mo-99 is expected to continue expanding, which will occupy the entire market.
Looking ahead, the Molybdenum-99 (Mo-99) market is poised for significant evolution driven by several key trends. Technological advancements in reactor design and isotope processing will enhance production efficiency and safety, while innovations in waste management, such as Synroc® technology, address environmental concerns. Regulatory changes, particularly those related to non-proliferation and environmental protection, will continue to influence production practices. Moreover, the expanding healthcare infrastructure in developing regions, especially in APAC, will drive increased demand for Mo-99, presenting substantial growth opportunities.
With ongoing investments in technology and infrastructure, coupled with a focus on sustainability, the Mo-99 market is poised for continued growth and development in the coming years.
This report studies the global Molybdenum-99 and Technetium-99m production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Molybdenum-99 and Technetium-99m and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Molybdenum-99 and Technetium-99m that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Molybdenum-99 and Technetium-99m total production and demand, 2021-2032, (K Curie)
Global Molybdenum-99 and Technetium-99m total production value, 2021-2032, (USD Million)
Global Molybdenum-99 and Technetium-99m production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Curie), (based on production site)
Global Molybdenum-99 and Technetium-99m consumption by region & country, CAGR, 2021-2032 & (K Curie)
U.S. VS China: Molybdenum-99 and Technetium-99m domestic production, consumption, key domestic manufacturers and share
Global Molybdenum-99 and Technetium-99m production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Curie)
Global Molybdenum-99 and Technetium-99m production by Production Type, production, value, CAGR, 2021-2032, (USD Million) & (K Curie)
Global Molybdenum-99 and Technetium-99m production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Curie)
This report profiles key players in the global Molybdenum-99 and Technetium-99m market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NRG, IRE, ANSTO, NTP, Rosatom, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Molybdenum-99 and Technetium-99m market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Curie) and average price (US$/Curie) by manufacturer, by Production Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Molybdenum-99 and Technetium-99m Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Molybdenum-99 and Technetium-99m Market, Segmentation by Production Type:
Produced by HEU
Produced by LEU
Global Molybdenum-99 and Technetium-99m Market, Segmentation by Application:
Medical Imaging
Others
Companies Profiled:
NRG
IRE
ANSTO
NTP
Rosatom
Key Questions Answered:
1. How big is the global Molybdenum-99 and Technetium-99m market?
2. What is the demand of the global Molybdenum-99 and Technetium-99m market?
3. What is the year over year growth of the global Molybdenum-99 and Technetium-99m market?
4. What is the production and production value of the global Molybdenum-99 and Technetium-99m market?
5. Who are the key producers in the global Molybdenum-99 and Technetium-99m market?
6. What are the growth factors driving the market demand?
Table of Contents
88 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Production Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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