The Lutetium-177 market, valued at USD 167.7 million in 2023, is projected to grow at a CAGR of 21.44% to USD 653.53 million by 2030, driven by its use in cancer treatment and the rise in cancer incidence. Non-carrier-added Lu-177, due to its higher purity, is gaining traction for targeted therapies, reducing side effects and radioactive waste. Key applications include treating neuroendocrine tumors and prostate cancer, with ongoing research exploring its potential in other medical areas. Market growth is supported by technological advancements in radiopharmaceuticals, increased government healthcare funding, and an aging population, though challenges include stringent regulations and high production costs.