Report Overview

Middle East and Africa Nuclear Imaging Market - Industry Trends & Forecast Report, 2029

Middle East and Africa Nuclear Imaging Market size was estimated at USD 285.3 million in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa Nuclear Imaging Market is projected to grow at a 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. The trend 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’s 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.

Nuclear Imaging – Overview

Medical imaging involves the utilization of techniques and processes to generate visual representations of the human body or its specific parts, serving various clinical purposes such as medical procedures, diagnostics, and the study of normal anatomy and function within the field of medical science. Nuclear imaging is a subset of biological imaging and encompasses a range of methods, including radiography, endoscopy, thermography, medical photography, and microscopy on a broader scale. Additionally, measurement and recording techniques like electroencephalography (EEG) and magnetoencephalography (MEG) fall under the umbrella of medical imaging as they produce data that can be presented not only as images but also as maps.

Middle East and Africa Nuclear Imaging Market

Growth Drivers

Increasing Prevalence of Non-Communicable Diseases

Escalating prevalence of chronic diseases in the Middle East and Africa region is poised to significantly drive market expansion. With approximately 23% of individuals reporting chronic conditions, including notable rates of 12.5%, 4.2%, and 3.2% for obesity, diabetes, and asthma/allergies, respectively, the healthcare landscape faces growing challenges. Additionally, a substantial 34.8% of students are identified as either overweight or obese, underscoring the widespread impact. The surge in cancer incidence further amplifies the imperative for advanced medical imaging systems, crucial for accurate diagnosis and expeditious patient recovery. Consequently, this dynamic interplay of health factors substantiates the robust growth trajectory of the market, reinforcing its pivotal role in addressing the evolving healthcare needs of the region.

Restraints

High Cost of Nuclear Imaging Equipment and Services

The Middle East and Africa Nuclear Imaging market faces impediments in its growth trajectory due to the elevated expenses linked with nuclear imaging equipment and services in the medical field. Various imaging systems, such as MRI, CT scans, and ultrasound machines, are characterized by exorbitant costs, rendering them financially inaccessible for numerous developing nations. The substantial investments made by market players in the maintenance of these advanced systems contribute to increased overall costs. Consequently, the high financial burden associated with acquiring and upkeeping such equipment acts as a deterrent to market growth, creating challenges for both industry players and countries with limited resources.

Middle East and Africa Nuclear Imaging Market

Segmental Coverage

Middle East and Africa Nuclear Imaging Market – By Product

By product, the Middle East and Africa Nuclear Imaging Market is bifurcated into Equipment and Radioisotope segments.

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 sub-segment 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 to grow during the forecast period.

Middle East and Africa Nuclear Imaging Market – By Country

Geographically, the Middle East and Africa Nuclear Imaging Market covers major countries in the region, including 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 growth of the Middle East and Africa Nuclear Imaging Market. 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 over 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.

Recent Developments

• In February 2023 - United Imaging, a China-based firm, unveiled strategic collaborations in the Middle East and Africa. The company partnered with I-ONE Nuclear Medicine & Oncology Center in Saudi Arabia, establishing a research academy for advanced PET/MR imaging, focusing on neuro and cardiac PET.

Scope of the Report

By Product

• Equipment

• Radioisotope

By Application

• SPECT Applications

• PET Applications

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of MEA

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Nuclear Imaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing prevalence of non-communicable diseases
         2. Growing demand for minimally invasive procedures
      2. Restraints
         1. High cost of nuclear imaging equipment and services
         2. Lack of skilled nuclear medicine professionals
      3. Opportunities
         1. Growing demand for hybrid imaging systems
         2. Expanding market for molecular imaging
      4. Challenges
         1. Regulatory challenges
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East and Africa Nuclear Imaging Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Product
         1. Equipment
         2. Radioisotope
            1. SPECT Radioisotopes
               1. Technetium-99m (TC-99m)
               2. Thallium–201 (TI–201)
               3. Gallium (Ga-67)
               4. Iodine (I-123)
               5. Others
            2. PET Radioisotopes
               1. Fluorine-18 (F-18)
               2. Rubidium-82 (RB-82)
               3. Others
      2. By Application
         1. SPECT Applications
            1. Cardiology
            2. Neurology
            3. Thyroid
            4. Others
         2. PET Applications
            1. Oncology
            2. Cardiology
            3. Neurology
            4. Others
      3. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of MEA
5. Saudi Arabia Nuclear Imaging Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
6. UAE Nuclear Imaging Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
7. Qatar Nuclear Imaging Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
8. Kuwait Nuclear Imaging Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
9. South Africa Nuclear Imaging Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
10. Nigeria Nuclear Imaging Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
11. Algeria Nuclear Imaging Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
12. Rest of MEA Nuclear Imaging Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Nuclear Imaging Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    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)
    1. Siemens Healthineers
    2. GE Healthcare
    3. Philips Healthcare
    4. Curium
    5. Bracco Imaging
    6. NTP Radioisotopes SOC Ltd
    7. Lantheus Medical Imaging
    8. Cardinal Health
    9. Medtronic
    10. Fujifilm Healthcare
    11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    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