Global Iodine-131 Market Growth 2025-2031

The global Iodine-131 market size is predicted to grow from US$ 1.9 million in 2025 to US$ 2.6 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.

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%.

LP Information, Inc. (LPI) ' newest research report, the “Iodine-131 Industry Forecast” looks at past sales and reviews total world Iodine-131 sales in 2024, providing a comprehensive analysis by region and market sector of projected Iodine-131 sales for 2025 through 2031. With Iodine-131 sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Iodine-131 industry.

This Insight Report provides a comprehensive analysis of the global Iodine-131 landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Iodine-131 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Iodine-131 market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Iodine-131 and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Iodine-131.

This report presents a comprehensive overview, market shares, and growth opportunities of Iodine-131 market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Solution
    Capsule

Segmentation by Application:
    Medical Use
    Industrial Use

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Jubilant DraxImage
    NTP
    IRE - IRE ELiT
    POLATOM
    Isotope JSC
    Nordion

Key Questions Addressed in this Report
What is the 10-year outlook for the global Iodine-131 market?
What factors are driving Iodine-131 market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Iodine-131 market opportunities vary by end market size?
How does Iodine-131 break out by Type, by Application?

List of Tables
 Table 1. Iodine-131 Annual Sales CAGR by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Table 2. Iodine-131 Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
 Table 3. Major Players of Solution
 Table 4. Major Players of Capsule
 Table 5. Global Iodine-131 Sales by Type (2020-2025) & (mCi)
 Table 6. Global Iodine-131 Sales Market Share by Type (2020-2025)
 Table 7. Global Iodine-131 Revenue by Type (2020-2025) & ($ million)
 Table 8. Global Iodine-131 Revenue Market Share by Type (2020-2025)
 Table 9. Global Iodine-131 Sale Price by Type (2020-2025) & (US$/mCi)
 Table 10. Global Iodine-131 Sale by Application (2020-2025) & (mCi)
 Table 11. Global Iodine-131 Sale Market Share by Application (2020-2025)
 Table 12. Global Iodine-131 Revenue by Application (2020-2025) & ($ million)
 Table 13. Global Iodine-131 Revenue Market Share by Application (2020-2025)
 Table 14. Global Iodine-131 Sale Price by Application (2020-2025) & (US$/mCi)
 Table 15. Global Iodine-131 Sales by Company (2020-2025) & (mCi)
 Table 16. Global Iodine-131 Sales Market Share by Company (2020-2025)
 Table 17. Global Iodine-131 Revenue by Company (2020-2025) & ($ millions)
 Table 18. Global Iodine-131 Revenue Market Share by Company (2020-2025)
 Table 19. Global Iodine-131 Sale Price by Company (2020-2025) & (US$/mCi)
 Table 20. Key Manufacturers Iodine-131 Producing Area Distribution and Sales Area
 Table 21. Players Iodine-131 Products Offered
 Table 22. Iodine-131 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
 Table 23. New Products and Potential Entrants
 Table 24. Market M&A Activity & Strategy
 Table 25. Global Iodine-131 Sales by Geographic Region (2020-2025) & (mCi)
 Table 26. Global Iodine-131 Sales Market Share Geographic Region (2020-2025)
 Table 27. Global Iodine-131 Revenue by Geographic Region (2020-2025) & ($ millions)
 Table 28. Global Iodine-131 Revenue Market Share by Geographic Region (2020-2025)
 Table 29. Global Iodine-131 Sales by Country/Region (2020-2025) & (mCi)
 Table 30. Global Iodine-131 Sales Market Share by Country/Region (2020-2025)
 Table 31. Global Iodine-131 Revenue by Country/Region (2020-2025) & ($ millions)
 Table 32. Global Iodine-131 Revenue Market Share by Country/Region (2020-2025)
 Table 33. Americas Iodine-131 Sales by Country (2020-2025) & (mCi)
 Table 34. Americas Iodine-131 Sales Market Share by Country (2020-2025)
 Table 35. Americas Iodine-131 Revenue by Country (2020-2025) & ($ millions)
 Table 36. Americas Iodine-131 Sales by Type (2020-2025) & (mCi)
 Table 37. Americas Iodine-131 Sales by Application (2020-2025) & (mCi)
 Table 38. APAC Iodine-131 Sales by Region (2020-2025) & (mCi)
 Table 39. APAC Iodine-131 Sales Market Share by Region (2020-2025)
 Table 40. APAC Iodine-131 Revenue by Region (2020-2025) & ($ millions)
 Table 41. APAC Iodine-131 Sales by Type (2020-2025) & (mCi)
 Table 42. APAC Iodine-131 Sales by Application (2020-2025) & (mCi)
 Table 43. Europe Iodine-131 Sales by Country (2020-2025) & (mCi)
 Table 44. Europe Iodine-131 Revenue by Country (2020-2025) & ($ millions)
 Table 45. Europe Iodine-131 Sales by Type (2020-2025) & (mCi)
 Table 46. Europe Iodine-131 Sales by Application (2020-2025) & (mCi)
 Table 47. Middle East & Africa Iodine-131 Sales by Country (2020-2025) & (mCi)
 Table 48. Middle East & Africa Iodine-131 Revenue Market Share by Country (2020-2025)
 Table 49. Middle East & Africa Iodine-131 Sales by Type (2020-2025) & (mCi)
 Table 50. Middle East & Africa Iodine-131 Sales by Application (2020-2025) & (mCi)
 Table 51. Key Market Drivers & Growth Opportunities of Iodine-131
 Table 52. Key Market Challenges & Risks of Iodine-131
 Table 53. Key Industry Trends of Iodine-131
 Table 54. Iodine-131 Raw Material
 Table 55. Key Suppliers of Raw Materials
 Table 56. Iodine-131 Distributors List
 Table 57. Iodine-131 Customer List
 Table 58. Global Iodine-131 Sales Forecast by Region (2026-2031) & (mCi)
 Table 59. Global Iodine-131 Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 60. Americas Iodine-131 Sales Forecast by Country (2026-2031) & (mCi)
 Table 61. Americas Iodine-131 Annual Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 62. APAC Iodine-131 Sales Forecast by Region (2026-2031) & (mCi)
 Table 63. APAC Iodine-131 Annual Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 64. Europe Iodine-131 Sales Forecast by Country (2026-2031) & (mCi)
 Table 65. Europe Iodine-131 Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 66. Middle East & Africa Iodine-131 Sales Forecast by Country (2026-2031) & (mCi)
 Table 67. Middle East & Africa Iodine-131 Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 68. Global Iodine-131 Sales Forecast by Type (2026-2031) & (mCi)
 Table 69. Global Iodine-131 Revenue Forecast by Type (2026-2031) & ($ millions)
 Table 70. Global Iodine-131 Sales Forecast by Application (2026-2031) & (mCi)
 Table 71. Global Iodine-131 Revenue Forecast by Application (2026-2031) & ($ millions)
 Table 72. Jubilant DraxImage Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 73. Jubilant DraxImage Iodine-131 Product Portfolios and Specifications
 Table 74. Jubilant DraxImage Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 75. Jubilant DraxImage Main Business
 Table 76. Jubilant DraxImage Latest Developments
 Table 77. NTP Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 78. NTP Iodine-131 Product Portfolios and Specifications
 Table 79. NTP Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 80. NTP Main Business
 Table 81. NTP Latest Developments
 Table 82. IRE - IRE ELiT Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 83. IRE - IRE ELiT Iodine-131 Product Portfolios and Specifications
 Table 84. IRE - IRE ELiT Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 85. IRE - IRE ELiT Main Business
 Table 86. IRE - IRE ELiT Latest Developments
 Table 87. POLATOM Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 88. POLATOM Iodine-131 Product Portfolios and Specifications
 Table 89. POLATOM Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 90. POLATOM Main Business
 Table 91. POLATOM Latest Developments
 Table 92. Isotope JSC Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 93. Isotope JSC Iodine-131 Product Portfolios and Specifications
 Table 94. Isotope JSC Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 95. Isotope JSC Main Business
 Table 96. Isotope JSC Latest Developments
 Table 97. Nordion Basic Information, Iodine-131 Manufacturing Base, Sales Area and Its Competitors
 Table 98. Nordion Iodine-131 Product Portfolios and Specifications
 Table 99. Nordion Iodine-131 Sales (mCi), Revenue ($ Million), Price (US$/mCi) and Gross Margin (2020-2025)
 Table 100. Nordion Main Business
 Table 101. Nordion Latest Developments


List of Figures
 Figure 1. Picture of Iodine-131
 Figure 2. Iodine-131 Report Years Considered
 Figure 3. Research Objectives
 Figure 4. Research Methodology
 Figure 5. Research Process and Data Source
 Figure 6. Global Iodine-131 Sales Growth Rate 2020-2031 (mCi)
 Figure 7. Global Iodine-131 Revenue Growth Rate 2020-2031 ($ millions)
 Figure 8. Iodine-131 Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Figure 9. Iodine-131 Sales Market Share by Country/Region (2024)
 Figure 10. Iodine-131 Sales Market Share by Country/Region (2020, 2024 & 2031)
 Figure 11. Product Picture of Solution
 Figure 12. Product Picture of Capsule
 Figure 13. Global Iodine-131 Sales Market Share by Type in 2025
 Figure 14. Global Iodine-131 Revenue Market Share by Type (2020-2025)
 Figure 15. Iodine-131 Consumed in Medical Use
 Figure 16. Global Iodine-131 Market: Medical Use (2020-2025) & (mCi)
 Figure 17. Iodine-131 Consumed in Industrial Use
 Figure 18. Global Iodine-131 Market: Industrial Use (2020-2025) & (mCi)
 Figure 19. Global Iodine-131 Sale Market Share by Application (2024)
 Figure 20. Global Iodine-131 Revenue Market Share by Application in 2025
 Figure 21. Iodine-131 Sales by Company in 2025 (mCi)
 Figure 22. Global Iodine-131 Sales Market Share by Company in 2025
 Figure 23. Iodine-131 Revenue by Company in 2025 ($ millions)
 Figure 24. Global Iodine-131 Revenue Market Share by Company in 2025
 Figure 25. Global Iodine-131 Sales Market Share by Geographic Region (2020-2025)
 Figure 26. Global Iodine-131 Revenue Market Share by Geographic Region in 2025
 Figure 27. Americas Iodine-131 Sales 2020-2025 (mCi)
 Figure 28. Americas Iodine-131 Revenue 2020-2025 ($ millions)
 Figure 29. APAC Iodine-131 Sales 2020-2025 (mCi)
 Figure 30. APAC Iodine-131 Revenue 2020-2025 ($ millions)
 Figure 31. Europe Iodine-131 Sales 2020-2025 (mCi)
 Figure 32. Europe Iodine-131 Revenue 2020-2025 ($ millions)
 Figure 33. Middle East & Africa Iodine-131 Sales 2020-2025 (mCi)
 Figure 34. Middle East & Africa Iodine-131 Revenue 2020-2025 ($ millions)
 Figure 35. Americas Iodine-131 Sales Market Share by Country in 2025
 Figure 36. Americas Iodine-131 Revenue Market Share by Country (2020-2025)
 Figure 37. Americas Iodine-131 Sales Market Share by Type (2020-2025)
 Figure 38. Americas Iodine-131 Sales Market Share by Application (2020-2025)
 Figure 39. United States Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 40. Canada Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 41. Mexico Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 42. Brazil Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 43. APAC Iodine-131 Sales Market Share by Region in 2025
 Figure 44. APAC Iodine-131 Revenue Market Share by Region (2020-2025)
 Figure 45. APAC Iodine-131 Sales Market Share by Type (2020-2025)
 Figure 46. APAC Iodine-131 Sales Market Share by Application (2020-2025)
 Figure 47. China Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 48. Japan Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 49. South Korea Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 50. Southeast Asia Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 51. India Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 52. Australia Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 53. China Taiwan Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 54. Europe Iodine-131 Sales Market Share by Country in 2025
 Figure 55. Europe Iodine-131 Revenue Market Share by Country (2020-2025)
 Figure 56. Europe Iodine-131 Sales Market Share by Type (2020-2025)
 Figure 57. Europe Iodine-131 Sales Market Share by Application (2020-2025)
 Figure 58. Germany Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 59. France Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 60. UK Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 61. Italy Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 62. Russia Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 63. Middle East & Africa Iodine-131 Sales Market Share by Country (2020-2025)
 Figure 64. Middle East & Africa Iodine-131 Sales Market Share by Type (2020-2025)
 Figure 65. Middle East & Africa Iodine-131 Sales Market Share by Application (2020-2025)
 Figure 66. Egypt Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 67. South Africa Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 68. Israel Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 69. Turkey Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 70. GCC Countries Iodine-131 Revenue Growth 2020-2025 ($ millions)
 Figure 71. Manufacturing Cost Structure Analysis of Iodine-131 in 2025
 Figure 72. Manufacturing Process Analysis of Iodine-131
 Figure 73. Industry Chain Structure of Iodine-131
 Figure 74. Channels of Distribution
 Figure 75. Global Iodine-131 Sales Market Forecast by Region (2026-2031)
 Figure 76. Global Iodine-131 Revenue Market Share Forecast by Region (2026-2031)
 Figure 77. Global Iodine-131 Sales Market Share Forecast by Type (2026-2031)
 Figure 78. Global Iodine-131 Revenue Market Share Forecast by Type (2026-2031)
 Figure 79. Global Iodine-131 Sales Market Share Forecast by Application (2026-2031)
 Figure 80. Global Iodine-131 Revenue Market Share Forecast by Application (2026-2031)

Iodine-131

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape