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Middle East and Africa Nuclear Imaging Market, By Product (Equipment, Radioisotope); By Application (SPECT Applications, PET Applications); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competi

Publisher BlueWeave Consulting
Published Dec 07, 2023
Length 200 Pages
SKU # BLWC18529161

Description

India Refrigerated Transport Market, By Application (Chilled Food Products, Frozen Food Products); By Mode of Transport (Road Transport, Sea Transport, Rail Transport, Air Transport); By Technology (Air-blown Evaporators, Eutectic Devices); By Temperature (Single-temperature, Multi-temperature); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Middle East and Africa Nuclear Imaging Market Size Set to Expand at Steady CAGR of 2.68% during 2023–2029, Surpassing USD 334 Million by 2029

Middle East and Africa Nuclear Imaging Market is flourishing because of the increasing focus on the treatment and management of growing prevalence of non-communicable diseases and rapid adoption of minimally invasive procedures.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Nuclear Imaging Market size at USD 285.3 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa Nuclear Imaging Market size to grow at a steady CAGR of 2.68% reaching a value of USD 334.37 million by 2029. Major growth drivers for the Middle East and Africa Nuclear Imaging Market include an increasing prevalence of cancer and cardiac ailments. Nuclear medicine has proven highly effective in treating these diseases, with a notable impact on diagnosis, treatment planning, and treatment response assessment in cancer patients. Factors contributing to the rising cancer burden include an aging population, poor dietary habits, smoking, and physical inactivity. According to GLOBOCAN 2020, both Israel and Saudi Arabia reported a substantial number of new cancer cases. It, in turn, is expected to boost the demand for nuclear medicine imaging, particularly in the Middle East and African region. The magnetic resonance imaging market in this area is forecasted to witness healthy growth. Nuclear medicine's crucial role in diagnosing and managing various diseases is identified as a key growth factor for the market. Also, the Middle East and Africa Nuclear Imaging Market growth is fueled by the adoption of key strategies, such as collaborations and partnerships, by industry players. Hence, such aspects are expected to drive the growth of the Middle East and Africa Nuclear Imaging Market during the forecast period. However, high cost of nuclear imaging equipment and services and lack of skilled nuclear medicine are anticipated to restrain the overall market growth during the period in analysis.

Opportunity - Growing Demand for Hybrid Imaging Systems

Hybrid imaging systems, including PET-CT and SPECT-CT, are experiencing growing acceptance in the Middle East and Africa (MEA) region. The utilization of these systems is on the rise as they integrate functional data from nuclear imaging with anatomical details obtained from CT scans. This integration enhances diagnostic capabilities by providing a more comprehensive and detailed understanding of medical conditions. The increasing adoption of hybrid imaging reflects a trend toward advanced and integrated medical technologies, contributing to improved diagnostic accuracy and patient care in the Middle East and Africa healthcare landscape.

Impact of COVID-19 on Middle East and Africa Nuclear Imaging Market

COVID-19 pandemic adversely affected the Middle East and Africa Nuclear Imaging Market as governments in the region implemented social distancing measures, resulting in a significant reduction in hospital and healthcare services. It had widespread economic implications globally, disrupting the regular functioning of general hospital treatment for non-COVID-19 patients. Despite these challenges, oncological PET studies exhibited a relatively smaller decline in utilization compared to standard nuclear medicine tests, as reported in the Seminar in Nuclear Medicine in June 2022. The pandemic caused a significant drop in nuclear medicine procedures in the Middle East in 2020, marked by disruptions in supply chains. However, the market has demonstrated recovery following the easing of restrictions, with recent years witnessing a resurgence fueled by disease prevalence, a demand for nuclear imaging diagnostics, and the introduction of new products.

Middle East and Africa Nuclear Imaging Market – By Application

By application, the Middle East and Africa Nuclear Imaging Market is split into SPECT Applications and PET Applications. The PET applications segment holds a higher share in the Middle East and Africa Nuclear Imaging Market by application. The PET applications is subdivided into Oncology, Cardiology, and Neurology. The oncology subsegment is expected to dominate the Middle East and Africa Nuclear Imaging Market. It is attributed to the increasing prevalence of cancers necessitating advanced diagnostics like PET/CT scans. According to Globocan 2020, Africa reported a 5-year prevalence of 2,166,740 cancer cases, with 1,298,101 cases in females and 868,639 cases in males. Saudi Arabia alone recorded 82,640 cases in 2020. FDG-PET/CT proves more sensitive than contrast-enhanced CT scans for staging lymphomas and detecting tumor dissemination in cancers like breast, lung, and colon cancer. Awareness campaigns, like the Ministry of Health's breast cancer screening initiative, contribute to increased demand for cancer diagnostics. Consequently, the oncology segment is expected for growth during the forecast period.

Middle East and Africa Nuclear Imaging Market – By Country

Regionally, the Middle East and Africa Nuclear Imaging Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. South Africa holds the highest share in the Middle East and Africa Nuclear Imaging Market. It is driven by the increasing prevalence of diseases and a growing geriatric population. Globocan 2020 estimates 175,102 new cancer cases in South Africa by 2040, indicating a rising demand for nuclear imaging in cancer detection and diagnosis. The expanding geriatric demographic, comprising 5.6% of the population aged 65 or older, is expected to contribute to the market's growth. The International Atomic Energy Agency is actively supporting African countries, including South Africa, in developing expertise and facilities for the local production of radiopharmaceuticals. These collaborative efforts and demographic trends position South Africa to exhibit substantial growth in the nuclear imaging market throughout the forecast period.

Competitive Landscape

Major players operating in the Middle East and Africa Nuclear Imaging Market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Curium, Bracco Imaging, NTP Radioisotopes SOC Ltd, Lantheus Medical Imaging, Cardinal Health, Medtronic, and Fujifilm Healthcare. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Nuclear Imaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Nuclear Imaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Nuclear Imaging Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing prevalence of non-communicable diseases
3.2.1.2. Growing demand for minimally invasive procedures
3.2.2. Restraints
3.2.2.1. High cost of nuclear imaging equipment and services
3.2.2.2. Lack of skilled nuclear medicine professionals
3.2.3. Opportunities
3.2.3.1. Growing demand for hybrid imaging systems
3.2.3.2. Expanding market for molecular imaging
3.2.4. Challenges
3.2.4.1. Regulatory challenges
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Middle East and Africa Nuclear Imaging Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Product
4.2.1.1. Equipment
4.2.1.2. Radioisotope
4.2.1.2.1. SPECT Radioisotopes
4.2.1.2.1.1. Technetium-99m (TC-99m)
4.2.1.2.1.2. Thallium–201 (TI–201)
4.2.1.2.1.3. Gallium (Ga-67)
4.2.1.2.1.4. Iodine (I-123)
4.2.1.2.1.5. Others
4.2.1.2.2. PET Radioisotopes
4.2.1.2.2.1. Fluorine-18 (F-18)
4.2.1.2.2.2. Rubidium-82 (RB-82)
4.2.1.2.2.3. Others
4.2.2. By Application
4.2.2.1. SPECT Applications
4.2.2.1.1. Cardiology
4.2.2.1.2. Neurology
4.2.2.1.3. Thyroid
4.2.2.1.4. Others
4.2.2.2. PET Applications
4.2.2.2.1. Oncology
4.2.2.2.2. Cardiology
4.2.2.2.3. Neurology
4.2.2.2.4. Others
4.2.3. By Country
4.2.3.1. Saudi Arabia
4.2.3.2. UAE
4.2.3.3. Qatar
4.2.3.4. Kuwait
4.2.3.5. South Africa
4.2.3.6. Nigeria
4.2.3.7. Algeria
4.2.3.8. Rest of MEA
5. Saudi Arabia Nuclear Imaging Market
5.1. Market Size & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product
5.2.2. By Application
6. UAE Nuclear Imaging Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Application
7. Qatar Nuclear Imaging Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Application
8. Kuwait Nuclear Imaging Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Application
9. South Africa Nuclear Imaging Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Application
10. Nigeria Nuclear Imaging Market
10.1. Market Size & Forecast, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Application
11. Algeria Nuclear Imaging Market
11.1. Market Size & Forecast, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Product
11.2.2. By Application
12. Rest of MEA Nuclear Imaging Market
12.1. Market Size & Forecast, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Product
12.2.2. By Application
13. Competitive Landscape
13.1. List of Key Players and Their Offerings
13.2. Middle East and Africa Nuclear Imaging Market Share Analysis, 2022
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East and Africa Nuclear Imaging Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
15.1. Siemens Healthineers
15.2. GE Healthcare
15.3. Philips Healthcare
15.4. Curium
15.5. Bracco Imaging
15.6. NTP Radioisotopes SOC Ltd
15.7. Lantheus Medical Imaging
15.8. Cardinal Health
15.9. Medtronic
15.10. Fujifilm Healthcare
15.11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
17.1. Qualitative Research
17.1.1. Primary & Secondary Research
17.2. Quantitative Research
17.3. Market Breakdown & Data Triangulation
17.3.1. Secondary Research
17.3.2. Primary Research
17.4. Breakdown of Primary Research Respondents, By Region
17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Middle East and Africa Nuclear Imaging Market Segmentation
Figure 2 Middle East and Africa Nuclear Imaging Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Middle East and Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 5 Middle East and Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 6 Middle East and Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 7 Middle East and Africa Nuclear Imaging Market Share, By Country, By Value, 2019–2029
Figure 8 Saudi Arabia Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 9 Saudi Arabia Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 10 Saudi Arabia Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 11 UAE Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 12 UAE Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 13 UAE Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 14 Qatar Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 15 Qatar Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 16 Qatar Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 17 Kuwait Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 18 Kuwait Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 19 Kuwait Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 20 South Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 21 South Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 22 South Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 23 Nigeria Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 24 Nigeria Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 25 Nigeria Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 26 Algeria Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 27 Algeria Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 28 Algeria Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Figure 29 Rest of Middle East & Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Figure 30 Rest of Middle East & Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Figure 31 Rest of Middle East & Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Middle East and Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 2 Middle East and Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 3 Middle East and Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 4 Middle East and Africa Nuclear Imaging Market Share, By Country, By Value, 2019–2029
Table 5 Saudi Arabia Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 6 Saudi Arabia Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 7 Saudi Arabia Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 8 UAE Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 9 UAE Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 10 UAE Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 11 Qatar Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 12 Qatar Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 13 Qatar Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 14 Kuwait Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 15 Kuwait Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 16 Kuwait Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 17 South Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 18 South Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 19 South Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 20 Nigeria Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 21 Nigeria Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 22 Nigeria Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 23 Algeria Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 24 Algeria Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 25 Algeria Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 26 Rest of Middle East & Africa Nuclear Imaging Market Size, By Value (USD Million), 2019–2029
Table 27 Rest of Middle East & Africa Nuclear Imaging Market Share, By Product, By Value, 2019–2029
Table 28 Rest of Middle East & Africa Nuclear Imaging Market Share, By Application, By Value, 2019–2029
Table 29 Siemens Healthineers Company Overview
Table 30 Siemens Healthineers Financial Overview
Table 31 GE Healthcare Company Overview
Table 32 GE Healthcare Financial Overview
Table 33 Philips Healthcare Company Overview
Table 34 Philips Healthcare Financial Overview
Table 35 Curium Company Overview
Table 36 Curium Financial Overview
Table 37 Bracco Imaging Company Overview
Table 38 Bracco Imaging Financial Overview
Table 39 NTP Radioisotopes SOC Ltd Company Overview
Table 40 NTP Radioisotopes SOC Ltd Financial Overview
Table 41 Lantheus Medical Imaging Company Overview
Table 42 Lantheus Medical Imaging Financial Overview
Table 43 Cardinal Health Company Overview
Table 44 Cardinal Health Financial Overview
Table 45 Medtronic Company Overview
Table 46 Medtronic Financial Overview
Table 110 Fujifilm Healthcare Company Overview
Table 111 Fujifilm Healthcare Financial Overview
Table 112 Other Prominent Players Company Overview
Table 113 Other Prominent Players Financial Overview

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